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Quantum Secure Communication Market Growth, Size, Analysis, Outlook By Trends, Opportunities And Forecast To 2030

09-22-2022 08:09 AM CET | Industry, Real Estate & Construction

Press release from: We Market Research

Quantum Secure Communication Market

Quantum Secure Communication Market

The Global Quantum secure communication market is presently worth USD 105.91 million and is poised to amplify at a CAGR of 19.01% over 2022-2030, thereby amassing a valuation of USD 506.83 million by end of the assessment timeline.

The Global Quantum Secure Communication Market: Overview

The quantum secure communications are defined as a niche application of quantum computing that involves the utilization of entangled photons to transfer information securely.

Certain factors that includes, rising investment in the defence sector, advancing technologies, and rising R&D investments has boosted the market growth over the forecast period.

Also, COVID-19 has positively impacted the market's growth because of the increasing cyber-attacks during the pandemic. Also, the government and military had been focused more on adopting technologies including, quantum secure communication in order to safeguard vital data from hackers. All these had a positive impact on the market during the pandemic.

Key Market Trends:

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the advancing technologies and also the rising R&D investments.

Also, the rising frequency of cyber-attacks, increase in focus on cyber-security and evolution of sophisticated wireless networks have also boosted the market growth.

Additionally, quantum cryptography has also gained attention because of the increasing digitalization and the resulting rise in cyber-security risks and other threats. All these factors have fuelled the market growth over the forecast period.

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Segmental analysis of the Market:

Based on Type
• Quantum Key Distribution
• Quantum Teleportation

The Quantum key distribution has dominated the market growth over the forecast period.

Based on Communication type
• Direct
• Indirect

The direct communication segment has dominated the market growth over the forecast period.

Based on Application
• Military
• Government Agency
• Aerospace
• Business
• Others

The military segment has dominated the market growth over the forecast period. This is because of the rising demand for secure quantum communication to secure the government's vital information from cyber-attacks or data leaks.

Asia Pacific is anticipated to amplify at a considerable CAGR

The Global Quantum Secure Communication Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the development of various technologies essential for space quantum secure communication prior to other nations.

Competitive Landscape:

Some of the prominent companies operating in the market are

• Toshiba
• Qubitekk, Inc.
• SpeQtral
• Quantropi, Inc.
• BT Group
• Quantum Communications Victoria
• ID Quantique
• Others

Major questions answered in this report:

• What is the growth rate of The Global Quantum Secure Communication Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

Key takeaways from the report:

• The Global Quantum Secure Communication Market is projected to expand at a CAGR of 19.01% over the forecast period.
• The advancing technologies and also the rising R&D investments is aiding market progression.
• The military segment is poised to expand significantly over the forecast period.
• Asia Pacific has dominated the regional market sphere over the forecast period.

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We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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