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.
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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.
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.
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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