Quantum Key Distribution Market To Reach USD 4821 Million By 2029, Witnessing A CAGR of 34.0% | Valuates Reports
BANGALORE, India, Aug. 4, 2023 /PRNewswire/ -- The global Quantum Key Distribution market is segmented by application - Financial, Government, Military & Defense, Others. Global Opportunity Analysis and Industry Forecast 2023-2029. It is published in Valuates Reports under the Internet & Telecom Category.
The global Quantum Key Distribution market was valued at USD 627 million in 2022 and is anticipated to reach USD 4821 million by 2029, witnessing a CAGR of 34.0% during the forecast period 2023-2029.
Major Factors Driving The Growth Of Quantum Key Distribution Market
The increasing demand for secure communication across a number of sectors, including government, defense, banking, healthcare, and telecommunications, has fuelled the Quantum Key Distribution market
The need for sophisticated encryption techniques that can shield sensitive data from unauthorized access is growing as cyber threats and the usage of digital technology both increase. This in turn is expected to drive the growth of the Quantum Key Distribution market.
Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-37A9089/global-quantum-key-distribution-qkd
TRENDS INFLUENCING THE GROWTH OF QUANTUM KEY DISTRIBUTION MARKET
There is a growing understanding that conventional encryption techniques might not be adequate to secure critical information as attackers become more sophisticated. QKD presents a promising response to these issues. QKD is becoming increasingly useful and economically viable as a result of ongoing developments in quantum technology, such as increased qubit stability and greater transmission lengths. This factor is expected to drive the growth of the Quantum Key Distribution market.
Governments all around the globe have begun funding research and development projects because they understand how important quantum technologies are. The adoption and commercialization of QKD are anticipated to accelerate as a result of these expenditures. Working together to enhance QKD technology and investigate its possible uses are a number of businesses, academic institutions, and governmental organizations. These partnerships aid in the creation of standardized protocols and compatible products, which can stimulate market expansion. This factor is expected to drive the growth of the Quantum Key Distribution market.
QKD can improve transaction security, particularly for online banking and electronic payment systems. Using QKD, banks may create secure channels of communication with their clients, guaranteeing the privacy of financial data and preventing unauthorized access or data breaches. This factor is expected to drive the growth of the Quantum Key Distribution market. The existing protocol system for public-key encryption operates by creating difficult mathematical equations that are, in essence, incredibly time-consuming and difficult to solve. However, quantum computers will complete these computations in a matter of seconds, rendering current encryption techniques unusable against the more sophisticated quantum architecture systems.
For their complex ecosystems, businesses are using quantum key distribution techniques, and the majority of them are investing in space-based optical communication to build a worldwide quantum network with security applications. Solution providers are encouraged to implement new quantum cryptography technology in order to provide secure communication and data transmission networks on a worldwide scale by growing demand for cloud-based and real-time encryption software. During the projected period, this is anticipated to produce profitable prospects for the market for quantum key distribution.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-37A9089/Global_Quantum_Key_Distribution_QKD_Market
KEY DISTRIBUTION MARKET SHARE ANALYSIS
The market for quantum key distribution (QKD) is dominated by companies like Toshiba, ID Quantique, SeQureNet, Quintessence Labs, and MagiQ Technologies, among others. The top 5 corporations had around 81% of the market.
Service providers are mostly found in Europe and North America, where they account for more than 53% of the market. With a 42% market share, North America is the largest market. Asia-Pacific and Europe are following, with respective market shares of roughly 32% and 22%.
Throughout the study period, the military and defense sector will predominate
Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-37A9089/Global_Quantum_Key_Distribution_QKD_Market
Key players
- ID Quantique
- SeQureNet
- Quintessence Labs
- MagiQ Technologies
- Toshiba
- QuantumCTek
- Qasky
- Qudoor
Inquire For Chapter Cost : https://reports.valuates.com/request/chaptercost/QYRE-Auto-37A9089/Global_Quantum_Key_Distribution_QKD_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-37A9089&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- Superconducting Quantum Interferometer Sensor market
- Quantum Efficiency Test System Market
- Quantum Key Distribution (QKD) market size is estimated to be worth USD 1412 million in 2022 and is forecast to be a readjusted size of USD 5270.3 million by 2029 with a CAGR of 19.6% during the forecast period 2023-2029.
- Quantum Dot Display Market size is estimated to be worth USD 4428 million in 2021 and is forecast to a readjusted size of USD 4428 million by 2028 with a CAGR of 29.2% during the review period.
- Quantum Control Software Market
- Optical Quantum Blood Therapy Machine Market
- Quantum Computing Technologies Market
- Quantum Computing Cloud Service Market
- Quantum Computing for Enterprise Market
- Quantum Computing in Chemistry Market
- Healthcare Quantum Computing Market
- Quantum Computing in Manufacturing Market
- Quantum Chip Market was valued at USD 162 million in 2022 and is anticipated to reach USD 1943.8 million by 2029, witnessing a CAGR of 51.3% during the forecast period 2023-2029.
- Quantum Computing in Transportation Market
- Neuromorphic Computing Market was valued at USD 53 million in 2022 and is anticipated to reach USD 732.5 million by 2029, witnessing a CAGR of 55.0% during the forecast period 2023-2029
- Neuromorphic Chip Market was valued at USD 28 million in 2022 and is anticipated to reach USD 1228.4 million by 2029, witnessing a CAGR of 87.8% during the forecast period 2023-2029.
- Edge Computing Market size is projected to reach USD 55930 million by 2028, from USD 8237 million in 2021, at a Compound Annual Growth Rate (CAGR) of 31.1% during 2022-2028.
- Cloud computing Market size was valued at USD 173030 million in 2022 and is anticipated to reach USD 804820 million by 2029, witnessing a CAGR of 29.2% during the forecast period 2023-2029.
- Artificial Intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.
- AI Governance Market size is projected to reach USD 116.3 million by 2028, from USD 23 million in 2021, at a CAGR of 25.1% during 2022-2028.
- Deep learning market size is projected to reach USD 11910 million by 2028, from USD 2671.2 million in 2021, at a CAGR of 23.6% during 2022-2028.
- AI in telecommunication market was valued at USD 2482 million in 2022 and is anticipated to reach USD 19170 million by 2029, witnessing a CAGR of 40.6% during the forecast period 2023-2029.
- Mobile Credential Reader Market
- Ai in Healthcare Market size was valued at D8.23 billion in 2020 and is projected to reach D194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030.
- AI in Manufacturing Market was valued at USD 3891.4 Million in 2022 and is anticipated to reach USD 43100 Million by 2029, witnessing a CAGR of 49.3% during the forecast period 2023-2029.
- Machine Vision Market is projected to reach USD 11380 million by 2028, from USD 8374.8 million in 2021, at a CAGR of 4.0% during 2022-2028.
- Edge Ai hardware Market size was valued at USD 6.88 billion in 2020, and is projected to reach USD 38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.
- Edge Ai software Market was valued at USD 931.5 million in 2022 and is anticipated to reach USD 3519.4 million by 2029, witnessing a CAGR of 24.8% during the forecast period 2023-2029
- OSINT Market size is projected to reach USD 6077.8 million by 2027, from USD 3861.4 million in 2020, at a CAGR of 6.2% during 2021-2027.
- RPA Market estimated at USD 426.7 million in the year 2022, is projected to reach a revised size of USD 2404.5 million by 2028, growing at a CAGR of 33.4% during the forecast period 2022-2028.
- Big Data & Business Analytics Market size was valued at USD 198.08 billion in 2020, and is projected to reach USD 684.12 billion by 2030, growing at a CAGR of 13.5% from 2021 to 2030.
- Captioning and Subtitling Solutions Market size is projected to reach USD 476.9 million by 2028, from USD 282 million in 2021, at a CAGR of 7.7% during 2022-2028.
- Machine translation market estimated at USD 817.5 million in the year 2022, is projected to reach a revised size of USD 1627.5 million by 2028, growing at a CAGR of 12.2% during the forecast period 2022-2028.
- Natural Language Processing Market size is projected to reach USD 3081.5 million by 2028, from USD 843 million in 2021, at a CAGR of 20.1% during 2022-2028.
- AI In Computer Vision Market size is projected to reach USD 43640 million by 2028, from USD 8624.9 million in 2021, at a CAGR of 25.5% during 2022-2028.
- Artificial Intelligence(AI) in Retail Market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of % during 2022-2028.
- The global generative ai market size was valued at USD 8.2 Billion in 2021, and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
Similar Reports for Quantum Key Distribution Market
About Us:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/651
https://reports.valuates.com/sitemap/html/reports/652
https://reports.valuates.com/sitemap/html/reports/653
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article