Dublin, July 08, 2024 (GLOBE NEWSWIRE) -- The "Quantum Communication Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering.
World revenue for the Quantum Communication Market is set to surpass US$97 million in 2024, with strong revenue growth through to 2034. The work identifies which organizations hold the greatest potential.
Integration with Existing Communication Infrastructures
The integration of quantum communication technologies with existing communication infrastructures is a key driver for the global quantum communication market. One of the challenges of adopting new technologies is ensuring compatibility with current systems. Quantum communication technologies are being developed to work alongside classical communication networks, enabling a seamless transition and integration.
For example, hybrid systems that combine quantum key distribution (QKD) with traditional encryption methods can provide enhanced security without requiring a complete overhaul of existing communication infrastructures. Companies like ID Quantique and Quantum Xchange are developing solutions that can be integrated into current network infrastructures, making it easier for organisations to adopt quantum communication technologies. This compatibility reduces the barriers to adoption and allows for gradual implementation, facilitating market growth. As more organisations recognise the benefits of integrating quantum communication with their existing systems, the demand for these technologies is expected to rise, driving market expansion.
Building and Deploying Quantum Communication Infrastructure Requires Substantial Investment in both Capital and Expertise
One of the significant restraining factors in the quantum communication market is the substantial investment required for building and deploying the necessary infrastructure. Establishing a quantum communication network involves considerable capital expenditure, including the development of specialized hardware, such as quantum repeaters and quantum key distribution systems, and the integration of these components into existing communication networks. Additionally, the deployment of quantum communication technologies demands significant expertise in quantum mechanics, photonics, and advanced cryptographic protocols, which are not widely available.
Market Dynamics
Market Driving Factors
- Rising Cyberattacks in Digitalization Era Driving the Market Growth
- Secure Communication Techniques Driving the Market Growth
- Growing Adoption of Cloud Computing, IoT, and Connected Devices
Market Restraining Factors
- Building and Deploying Quantum Communication Infrastructure Requires Substantial Investment in both Capital and Expertise
- Performance Limitations of Quantum Communication Hinder the Market Growth
- Regulatory and Policy Issues Hinder the Market Growth
Market Opportunities
- Increasing Investments from Venture Capitalists Opportunities for the Market Growth
- Expanding Applications of Quantum Communication Opportunities Market Growth
- Collaboration and Partnership Between Market Players
Key Questions Answered
- How is the quantum communication market evolving?
- What is driving and restraining the quantum communication market?
- How will each quantum communication submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
- How will the market shares for each quantum communication submarket develop from 2024 to 2034?
- What will be the main driver for the overall market from 2024 to 2034?
- Will leading quantum communication markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
- Who are the leading players and what are their prospects over the forecast period?
- What are the quantum communication projects for these leading companies?
- How will the industry evolve during the period between 2024 and 2034? What are the implications of quantum communication projects taking place now and over the next 10 years?
- Is there a greater need for product commercialisation to further scale the quantum communication market?
- Where is the quantum communication market heading and how can you ensure you are at the forefront of the market?
- What are the best investment options for new product and service lines?
- What are the key prospects for moving companies into a new growth path and C-suite?
Forecasts to 2034 and other analyses reveal commercial prospects
- In addition to revenue forecasting to 2034, the new study provides you with recent results, growth rates, and market shares.
- You will find original analyses, with business outlooks and developments.
- Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising quantum communication prices and recent developments.
Segments Covered in the Report
Market Segment by Type
- Free-Space QC
- Fibre-Based QC
Market Segment by Component
- Hardware
- Software
- Services
Market Segment by Application
- Quantum Secure Messaging
- Quantum Internet
- Quantum Computing Networks
- Other Applications
Market Segment by Product Type
- Quantum Repeaters and Transceivers
- Quantum Sensors
- Quantum Cryptography Software
- Quantum Network Management Software
- Other Product Type
Market Segment by End-Users
- IT and Cybersecurity
- Banking and Finance
- Government and Defence
- Aerospace and Aviation
- Telecommunications
- Other End-Users
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets.
The report also includes profiles and for some of the leading companies in the Quantum Communication Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
- Crypta Labs
- ID Quantique
- IBM
- M2 Optics Inc.
- MagiQ Technologies, Inc.
- NEC Corporation
- Post-Quantum
- PQ Solutions Limited
- Quantum Xchange
- Qubitekk
- QuintessenceLabs
- QuNu Labs
- Qutools GmbH
- Raytheon BBN
- Toshiba Corporation
In summary, the report provides you with the following knowledge:
- Revenue forecasts to 2034 for the Quantum Communication Market, with forecasts for product type, component, application, end-users, and type, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2034 for four regional and 20 key national markets - forecasts for the Quantum Communication Market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Quantum Communication Market.
For more information about this report visit https://www.researchandmarkets.com/r/87leti
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