Quantum Key Distribution (Qkd) Market will reach at $22.2 billion by 2032, Size, Development Data, Growth Analysis & Forecast 2022 to 2028 -ID Quantique, MagiQ Technologies, SeQureNet, Qasky, Quintessence Labs, QuantumCTek, Toshiba

New Jersey (United States) - Quantum Key Distribution (Qkd) Market will reach at $22.2 billion by 2032, research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

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Some of the Top companies Influencing this Market include:

ID Quantique, MagiQ Technologies, SeQureNet, Qasky, Quintessence Labs, QuantumCTek, Toshiba

Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Quantum Key Distribution (Qkd) .This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.

Quantum Key Distribution (Qkd) Market Types:

Rigid 1-2Sided, Standard Multilayer, HDI, IC Substrate, Flexible Circuits, Rigid Flex, Others.

Quantum Key Distribution (Qkd) Market Applications:

Financial, Government, Military & Defense, Others

The report studies the key segments in the global Quantum Key Distribution (Qkd) industry, their growth in the past few years, profiles and market sizes of individual segments, and gives a detailed overview of the profiles of various segments. The report also presents key products and various other products in the global Quantum Key Distribution (Qkd) industry along with its market size and growth in the study period. The major demand drivers for the global Quantum Key Distribution (Qkd) industry products and services are outlined in the report. The Quantum Key Distribution (Qkd) report details some major success factors and risk factors of investing in certain segments.

The report provides insights on the following pointers:

Market Penetration: Comprehensive data on the product portfolios of the top players in the Quantum Key Distribution (Qkd) market.

Product Development/Innovation: Detailed information about upcoming technologies, R&D activities, and market product debuts.

Competitive Assessment: An in-depth analysis of the market's top companies' market strategies, as well as their geographic and business segments.

Market Development: Information on developing markets in its entirety. This study examines the market in several geographies for various segments.

Market Diversification: Extensive data on new goods, untapped geographies, recent advancements, and investment opportunities in the Quantum Key Distribution (Qkd) market.

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Competition in Space-based Quantum Communications Can Lead to U.S.-China Agreement
The quantum key distribution market is expected to advance at a striking CAGR of ~22% during the forecast period. Stakeholders in the U.S. and China have entered a cut-throat competition in quantum data security. A team of Chinese technicians, engineers, and scientists has been gaining popularity for sending pairs of photons from a single satellite called Micius to two ground stations in China, separated over 1,120 kilometers.

The U.S., on the other hand, is witnessing an increase in its reliance on the secure flow of data, which is creating incremental opportunities for companies in the quantum key distribution market. Since both countries are taking interest in space-based quantum communications, a possible U.S.-China agreement in managing the competition in space is predicted to take shape.

Advanced Cryptography Technology for Data Protection Applications Gains Prominence in National Defense
The quantum key distribution market is projected to reach US$ 1.1 Bn by the end of 2030. Toshiba Corporation - a Japan-based multinational conglomerate is eyeing a US$ 3 Bn revenue in quantum cryptography by 2030. Stakeholders are increasing their focus on the advanced cryptography technology for data protection applications. Finance, defense, and healthcare are forming key focus areas for digital security professionals and scientists in the market who are unlocking growth opportunities to decipher conventional math-based cryptographic keys.

There is a global demand for advanced cryptographic technologies, as cyber security has become a top priority in national defense applications. This is evident since government & defense end use is expected to dominate the second-highest revenue in the quantum key distribution market during the assessment period.

Smartphones, Blockchain-based Wallets Witnessing Rise in Quantum Computing
Stakeholders in the quantum key distribution market are tapping revenue opportunities in IT and telecom end uses. SK Telecom Co., Ltd. - a South Korean wireless telecommunications operator, is being highly publicized for bringing quantum computing to the masses with the Galaxy A Quantum, a first-of-its-kind 5G smartphone equipped with a quantum random number generator chipset.

Companies in the quantum key distribution (QKD) market are setting their collaboration wheels in motion to innovate in smartphones that feature quantum enhanced cryptography that generates true random numbers that cannot be hacked. QKD is estimated to gain prominence in blockchain-based wallet to store and secure electronic documents such as certificates and insurance claims

Conduct a thorough study on the overall state of the Quantum Key Distribution (Qkd) Market to aid in the selection of product launches and revisions.
Table of Contents

Global Quantum Key Distribution (Qkd) Market Research Report 2022 - 2029

Chapter 1 Quantum Key Distribution (Qkd) Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Quantum Key Distribution (Qkd) Market Forecast

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Quantum Key Distribution Market: Overview
The latest research report published by Transparency Market Research pertains to the global quantum key distribution market for the historical period 2018-2019 and the forecast period 2020-2030. Across the globe, the rate of data breaches and cyberattacks have increased with the increasing adoption of Internet technologies. Remote working as well as BYOD integration within the enterprise endpoint have increased the risk of data theft and cyberattacks. It has been estimated that investment within cybersecurity and data privacy has increased exponentially over the past three years. This, in turn, is anticipated to propel the quantum key distribution market during the forecast period.
In terms of revenue, the global quantum key distribution market is expected to reach the value of US$ 1.1 Bn by 2030, expanding at a CAGR of ~22% during the forecast period
Increase in Demand for Next-gen Security Solutions for Cloud and IoT Applications: Key Driver of Quantum Key Distribution Market
In the current scenario, cyberattacks and hackings are increasing at a high pace across the globe. The number of cyberattacks is highest in China, the U.S., and Russia.
End users are looking for quantum key distribution and security solutions due to these cyberattacks, which can save and prevent misuse of data. Quantum key distribution ensures protection of sensitive data. Therefore, increased cyberattacks and hackings are crucial factors driving the demand for quantum key distribution.
It has been estimated that the number of IoT devices and adoption of cloud-based services have hugely increased over the past five years. According to a report published by the World Economic Forum (State of the Connected World, 2020), by 2025, around 41.6 billion devices will be capturing data. It also stated that global IoT spending will return to double-digit growth rates in 2021 and is expected to expand at a CAGR of 11.3% between 2021 and 2024. This will indirectly push the demand for quantum key distribution (QKD) as with the increasing number of data capturing devices and the rising volume of data, the need for protecting and securing end-point devices as well as data from cyberattacks will also increase.
There are multiple instances of breach within enterprise IT management, home security systems, automotive driver assistance systems, and even in large-scale electrical grids. The cost of IoT hacks can represent up to 13.4% of annual revenue in companies with under US$ 5 Mn in revenue and tens of millions to large enterprises. Integration of these devices with the cloud has raised more concerns over the safety and security of data. At present, data breaches are a major risk to organizations. Many big and small industries use large volumes of digital data in many of their applications. Thus, the demand for quantum key distribution is expected to increase during the forecast period to prevent data breaches.
Adoption of Cloud-based and Real Time Encryption Software
Companies are adopting quantum key distribution solutions for their complex ecosystem and most companies are investing in space-based optical communication to produce and create a global quantum network with security applications. Increasing demand for cloud-based and real time encryption software encourages solution providers to adopt new technology in quantum cryptography to provide secure communication and data transmission networks on a global level. This is expected to create lucrative opportunities for the quantum key distribution market during the forecast period.
Quantum Key Distribution Market: Competition Landscape
Detailed profiles of providers of quantum key distribution have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
Key players operating in the global quantum key distribution market are
Anhui Qasky Quantum Technology Co. Ltd.
AUREA Technology
Crypta Labs Ltd.
Hewlett-Packard Development Company
L.P.
IBM Corporation
ID Quantique
Infineon Technologies AG
ISARA Corporation
MagiQ Technologies, Inc.
Microsoft Corporation
NEC Corporation
Nucrypt LLC
PQ Solutions Limited
QuantumCTek Co Ltd.
QuantumXchange, Inc.
Qubitekk, Inc.
QuintessenceLabs
QuNu Labs Pvt Ltd.
Qutools GmbH
Toshiba Corporation
Quantum Key Distribution Market: Key Developments
Key providers of quantum key distribution, such as Toshiba Corporation, IBM Corporation, ID Quantique, Infineon Technologies AG, ISARA Corporation, and QuantumXchange, Inc. are focusing on the development of cost-effective quantum key distribution to attract more customers. Additionally, players active in providing quantum key distribution are focusing on inorganic growth strategies such as strategic collaborations and merger & acquisition activities with technology partners to improve their offerings and market reach in the quantum key distribution market.
Some other key developments in the global quantum key distribution market are highlighted below:
In January 2020, Qubitekk, Inc. acquired the Quantum Key Distribution (QKD) patent portfolio from QinetiQ, a British multinational defense technology company
In December 2019, ID Quantique partnered with ADVA Optical Networking SE, a telecommunications solution provider to provide long-term security for critical data transported over optical networks
In the global quantum key distribution market report, we have discussed individual strategies, followed by company profiles of providers of quantum key distribution. The 'Competition Landscape' section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global quantum key distribution market.

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