Revenues from Quantum Key Distribution to Reach Almost $850 Million by 2025
NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) -- According to a new report from Inside Quantum Technology (www.insidequantumtechnology.com), the worldwide market for Quantum Key Distribution (QKD) will near $850 million in 2025 and then go on to around $4.0 million by 2029. QKD is a technique that ensures perfect security on a transmission line, guaranteed by the laws of quantum mechanics.
More details on the report, Quantum Key Distribution: The Next Generation – A Ten-year Forecast and Revenue Assessment: 2020 to 2029 can be found at: https://www.insidequantumtechnology.com/product/quantum-key-distribution-the-next-generation-a-ten-year-forecast-and-revenue-assessment-2020-to-2029/
About the Report
There have been some big developments in the QKD space since our previous report. The ITU-T standardization is near complete while both the US and UK governments have announced funding for large-scale quantum networks with QKD as a central component and the QuantumCTek IPO may be the beginning of the new public companies in this space.
This report contains ten-year forecasts of QKD for each of the major applications sections including national andcivil government, the financial sector, telecommunications, data centers, utilities, infrastructure, mobile communications and possible consumer markets. There are also forecast broken out by end-user country and transportation type (satellite, fiber optic and free space). In addition, the report contains strategic profiles of the “A list” of QKD including ABB, Cambridge Quantum Computing, ID Quantique, KETS Quantum, MagiQ Technologies, Nokia, QuantumCTek QuantumXChange, Qubitekk, Quintessence Labs, SK Telecom and Toshiba.
From the Report
About Inside Quantum Technology
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For more details on the QKD report contact:
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