What is Quantum Key Distribution?
Quantum key distribution is a secure communication method. This methods implements a cryptographic protocol of quantum mechanics. It is used to produce and distribute a key which is not transmit any message data. It is known as effective communication method which is used for exchanging encryption keys only known between shared parties. It ensure the security of data which is essential to keep data privacy. Geographically, North America has have been recognized as highly growing market with huge technological advancements. Therefore, North America region are considered to be the dominant market over forecast period.
The market study is broken down by Type (Discrete Variable QKD (DV-QKD) and Continuous Variable QKD (CV-QKD)) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ID Quantique (Switzerland), QuintessenceLabs (Australia), MagiQ Technologies (United States), ISARA (Canada), IBM Corporation (United States), Infineon Technologies AG (Germany), Microsoft Corporation (United States), NEC Corporation (Japan), Nucrypt LLC (United States) and PQ Solutions Limited (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Quantum Key Distribution market by Type, Application and Region.
On the basis of geography, the market of Quantum Key Distribution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Quantum Key Distribution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protocol Type, the sub-segment i.e. Prepare-&-Measure Protocols will boost the Quantum Key Distribution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Quantum Key Distribution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2020, Qubitekk acquired QinetiQ’s Quantum Key Distribution (QKD) patent portfolio. This patent portfolio consist of novel technological services. The portfolio includes 57 patent filings, across 17 patent families, and covers novel technological approaches in quantum science, particularly relating to security. One of the focus technologies in the portfolio allows QKD to be used across long distances. With this acquisition, company has expanded its existence portfolio.
In May 2021, QNu Labs has demonstrated differential phase shift quantum key distribution at 105 km in their Bangalore R&D Lab generating secure 10-15 AES keys per sec. QNu Labs is first company in India to offer commercially available quantum safe security products. Company has launched the launch of a QKD (Quantum Key Distribution) system with a range beyond 100kms and a QRNG (Quantum Random Number Generator) Chip – Ikaria, a first by any private entity in the country and a handful across the world. This newest milestone by QNu is a key step in the direction of a quantum safe India.
- Demand for Quantum Key Distribution for Block chain based Devices is expected to gain Highest Market Share
- Growing Industrial Expenditure of End Use Industries
- Increasing Demand for Digitisation
- Growing Cyberattacks Incidences has created concern regarding Data Security
- Augmenting Demand for Security Solutions in Industry Verticals
- Strengthen Regulatory Requirements & Policies
Key Target AudienceQuantum Key Distribution Provider, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as ID Quantique (Switzerland), QuintessenceLabs (Australia), MagiQ Technologies (United States), ISARA (Canada), IBM Corporation (United States), Infineon Technologies AG (Germany), Microsoft Corporation (United States), NEC Corporation (Japan), Nucrypt LLC (United States) and PQ Solutions Limited (United States) etc.
2. Can we have customized study for Quantum Key Distribution Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Quantum Key Distribution Market by 2026?
Analysts at AMA estimates Quantum Key Distribution Market to reach USD Million by 2026.