Quantum Communication Market Summary
According to the new market research report “Global Quantum Communication Market Report 2023-2029”, published by QYResearch, the global Quantum Communication market size is projected to reach USD 5441.2 million by 2029, at a CAGR of 25.7% during the forecast period.
- Global Quantum Communication MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Quantum Communication Market Report 2023-2029.
Market Drivers:
Universities and research centers around the world are continuing to research and develop quantum communication, which will drive the development of higher quality quantum communication.
Restraint:
The ultimate goal of quantum communication is to build a quantum internet. Most areas will rely on fiber optic networks, which are reliable but expensive, although providers can build on top of existing fiber optic networks.
Opportunity:
One advantage of quantum communication is that it can provide strict security proofs, which opens up vast possibilities for the development of quantum communication theory.
- Quantum Communication,Global Market Size, The TopFive Players Hold 44.52% of Overall Market
Based on or includes research from QYResearch: Global Quantum Communication Market Report 2023-2029.
This report profiles key players of Quantum Communication such as MagiQ Technologies， ID Quantique，QuintessenceLabs.
In 2022, the global top five Quantum Communication players account for 44.52% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Quantum Communication.
- Quantum Communication,Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Quantum Communication Market Report 2023-2029.
In terms of product type, Hardware is the largest segment, hold a share of 45.92%.
- Quantum Communication,Global Market Size, Split by ApplicationSegment
Based on or includes research from QYResearch: Global Quantum Communication Market Report 2023-2029.
In terms of product application, Government is the largest application, hold a share of 27.78%.
- Quantum Communication,Global Market Size, Split by Region
Based on or includes research from QYResearch: Global Quantum Communication Market Report 2023-2029.
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