The global Quantum Secure Communication market is presently worth USD 105.91 million and is expected to expand with a CAGR of 19.01% over 2023-2033, thereby amassing a valuation of USD 506.83 million by end of the forecast period.
The second generation of the conventional internet, the quantum internet, has garnered interest from governments and the general public as well as academics and engineers from all around the world. Quantum communication is crucial to the quantum internet because it can securely and efficiently connect all the nodes. For instance, quantum cryptography, which is based on physics rather than mathematics, enables the unconditional security of information exchange between two distant parties. In recent years, quantum communication has quickly advanced in theory and practice, and its range has been increased to thousands of kilometers. There are numerous quantum communication networks accessible in numerous nations.
Quantum physics is utilized in quantum communication to safeguard data. These rules enable particles to assume a state of superposition, which means they can concurrently represent various combinations of 1 and 0, which is often the case for photons of light used for data transmission through optical cables. Qubits, also referred to as quantum bits, are the particles.
Rising internet penetration and more use of smartphone all around the world will aid the market expansion. The global commerce in ICT goods and services is expected to increase, which will primarily fuel the growth of the quantum secure communication market. ICT exports climbed internationally from 11.164 percent of all exports of products in 2017 to 11.53 percent of all exports of goods in 2019, according to World Bank statistics.
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Market Segmentation:
By type
- Quantum key distribution
- Quantum teleportation
By application
- Military
- Government agency
- Business
- Others
Key Player:
- Cloud Security Alliance
- Qubitekk
- Quintessence Labs
- MagiQ Technologies
- Smart Quantum
- Hewlett-Packard
- Nano-Meta Technologies
- ID Quantique
- Post-Quantum
- Richard Moulds
- Wickr
- Virtru.
- Others
Regional Analysis:
North America
Europe
Asia-Pacific
South America
MEA
FAQs:
1. What are the major drivers which aid this Market?
2. What are the segments of this Market?
3. Which is the fastest growing region in this Market?
4. What are some major strategies used by top players for the expansion of their business in this Market?
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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