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Quantum Cryptography: A Global Market Report

Global quantum cryptography market: $1 billion industry by 2018

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2014-02-17 13:36:03 - Quantum Cryptography: A Global Market Report - a new market research report on

The global Quantum Cryptography market is projected to reach $1.0 billion by 2018, driven by the need to secure the transmission of sensitive communications.

Quantum Key Distribution (QKD) technology remains largely in the first stage of commercialization, with the technology being offered primarily to governments, military, and research institutes. The penetration of quantum cryptography technology has been delayed partly due to the global economic recession and uncertainty over the pace of recovery. Commercialization efforts have also been affected by the uncertainty over the commercial viability of quantum cryptography technology. Penetration of quantum key distribution (QKD) remains constrained by its prohibitively high cost of deployment.

The QKD market is forecast to nevertheless benefit in the coming years, given the availability of



certified products, adoption of quantum computers, and technology advancements that help extend its application beyond point-to-point connections to cover global communications. Continuous and incremental technology innovation in fibre, protocols and free-space, is expected to result in the decline in the price of the equipment and related accessories in the coming years. This would additionally aid in extending the application of this emerging technology beyond the government and corporate networks, to cover networks serving households.

As stated by the new market research report on Quantum Cryptography, the market for QKD systems is typified by the presence of players such as Switzerland-based id Quantique and New York-based MagiQ Technologies. These two companies remain at the forefront of competition with their commercially available technologies. A majority of players in the market have initiated R&D in the field of quantum cryptography, and currently have numerous products in late stage development. Global Industry Analysts ©

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Mike King
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