Quantum Key Distribution (QKD) Market Size, Share & Trends Analysis Report By Component (Hardware, Services, Software), Category (Prepare-and-Measure Protocols, Entanglement-Based Protocols), Algorithm Type (Symmetric Key, Asymmetric Key), Security Type (End-use Industry Security, Network Security), Application (Simulation, Optimization, Sampling), End-use Industry (Aerospace, Defense, Medical, Government, IT and Telecommunication, BFSI, Others) - Forecast till 2028
Categories: IT And Telecommunications | Format : 
About Report
The report titled “Quantum Key Distribution (QKD) Market - Growth, Share, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global market along with the market size (Value in “US$ Mn”) for historical period 2017-2021 and estimates for the forecast period 2021 to 2027. This study covers in-depth analysis of multiple market segments based on Component, Category, Algorithm Type, Security Type, Application and End-use Industry across five different regions covering 20+ countries.
Key insights associated with forecast factors for market during forecast period 2022-2028 have also been covered. The report also provides impact of COVID-19 on Quantum Key Distribution (QKD) market for short, medium, and long term perspective for conservative, likely and optimistic scenario respectively.
Quantum Key Distribution (QKD) Market Dynamics
The global quantum key distribution market has experienced growth in demand during the historical period. Potential cyber-attacks in the digital realm, increased cybersecurity investment, expanding demand for next-generation security solutions for cloud and IoT technologies, and emerging next-generation wireless network technologies are all likely to boost the future market growth. Moreover, expanding QKD usage in defense and military, as well as increasing deployment in the telecom industry, has propelled the market growth. Rising security solutions in industrial verticals for business transactions, as well as major expenditures in research and development, have given this market lucrative opportunities. Challenges related to quantum cryptography commercialization and high implementation costs, on the other hand, have the potential to stifle market expansion.
Due to rising digitization and the concomitant growth in cyber-security challenges and other hazards such as data security and breach, quantum cryptography is gaining prominence. Due to the growth of the Internet, connected devices, and online services, cyber-attacks are becoming more frequent and sophisticated in a variety of industries. As a result, a growing range of businesses, including BFSI, defense, government, healthcare, automotive, and retail, are turning to quantum cryptography solutions to protect their networks from a variety of vulnerabilities.
Furthermore, because businesses and consumers rely on computer networks for transactions and communication, the industry is expanding, necessitating stronger technology to protect sensitive data. While increased cyber-security spending and widespread usage of advanced security solutions are driving market growth, the growing use of IoT and cloud technologies is projected to create new opportunities.
Covid-19 Impact Analysis
In this market, COVID-19 has had a minor impact. People have been driven to work from home due to government restrictions imposed in response to the coronavirus pandemic. As a result, technology has become more important in work and personal life. Despite the growing demand for technology, many companies still do not offer a "cyber-safe" remote-working environment. Hence, demand for this technology has grown.
Segmental Analysis
Why is Software the major component in the market?
Using various technologies such as the REST-based interface established by the ETSI Industry Specification Group in QKD, the software facilitates key distribution inside a network context and over arbitrary distances. Moreover, novel network paradigms, such as Software-Defined Networking (SDN), enable speedier adoption of new concepts, technology, and services in telecommunications networks because of their flexibility. This paradigm can be applied to quantum communications, allowing for the rapid and scalable deployment of quantum technologies and services in the telecommunications network, which was previously impossible due to the need to modify each network device and its connections one by one to create a quantum communications channel.
Why is medical vertical expected to grow at the highest rate?
Over 272 million healthcare records have been lost or stolen since 2013. This information is extremely significant for cyber thieves to employ in identity theft since it includes not just treatment information but also names, addresses, dates of birth, and other personal information. Using a quantum-safe security solution, businesses may encrypt data in motion to a level that is unrivaled by more traditional cryptographic methods. Therefore, in the forecast period, the demand for the technology is to be witnessed at the highest level in the healthcare industry.
Regional Analysis
North America is predicted to have the fastest growth rate. In the Quantum Key Distribution market, North America is more appealing to vendors. With active research groups across North America, QKD has received global interest as a unique cybersecurity solution. Since the region is technologically advanced, it has attracted multiple players to set their origins in the region.
Competitive Landscape
Key players in the quantum key distribution market have adopted various organic as well as inorganic growth strategies. The quantum key distribution market is seen as a consolidated market, backed by the tire-1 players in the market, which account for more than 50% of global revenue. However, the emergence of new players will further result in the distribution of market share at a regional level. For instance, QinetiQ, a British multinational defense technology corporation, sold the Quantum Key Distribution (QKD) patent portfolio to Qubitekk, Inc. in January 2020. Prominent players in the market include Hewlett-Packard Development Company, IBM Corporation, Microsoft Corporation, NEC Corporation, Nucrypt LLC, Infineon Technologies AG, MagiQ Technologies, Inc., Anhui Qasky Quantum Technology Co. Ltd., AUREA Technology, Crypta Labs Ltd., ID Quantique, QuantumCTek Co Ltd., QuantumXchange, Inc. and Qubitekk, Inc.
Key Segments of Quantum Key Distribution (QKD) Market
- Component
- Hardware
- Server
- Others
- Services
- Consulting Services
- Deployment and Integration Services
- Support and Maintenance Services
- Software
- Encryption
- Transmission
- Post-Quantum Cryptography
- Crypto Libraries
- Hardware
- Category
- Prepare-and-Measure Protocols
- Entanglement-Based Protocols
- Algorithm Type
- Symmetric Key
- Asymmetric Key
- Security Type
- End-use Industry Security
- Network Security
- Application
- Simulation
- Optimization
- Sampling
- End-use Industry
- Aerospace
- Defense
- Medical
- Government
- IT and Telecommunication
- BFSI
- Others
- Region
- North America
- Europe
- Asia Pacific
- South America
- MEA
- Executive Summary
- Global Market Outlook
- Demand Side Trends
- Supply Side Trends
- Recommendation and Analysis
- Market Overview
- Market Taxonomy
- Market Definition & Scope
- Market Background and Foundation Data Points
- Global Quantum Computing Industry Outlook
- Global Data Security Industry Outlook
- Recent Developments in Quantum Key Distribution (QKD) Market Segment
- Key Market Trend Analysis
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- Development Patterns in Quantum Key Distribution (QKD) Market
- Competitive Scenario and Trends
- Market Concentration Rate, by Region
- List of Emerging, Prominent and Leading Players
- Mergers & Acquisitions
- Scenario Forecast for Demand
- Optimistic Scenario
- Likely Scenario
- Conservative Scenario
- Macro-Economic Factors
- Market Dynamics
- Market Driving Factors and Impact Assessment
- Prominent Market Challenges and Impact Assessment
- Market Opportunities
- Challenges in Quantum Key Distribution (QKD)
- COVID-19 Impact on Market Value
- Value Depreciation in 2020
- Quarter-On-Quarter Impact and Recovery Assessment
- Expected Value (US$ Mn) Recovery Curve
- Likelihood of V-Shape Recovery
- Likelihood of U-Shape Recovery
- Likelihood of L-Shape Recovery
- Global Quantum Key Distribution (QKD) Market - Pricing Analysis
- Regional Pricing Analysis by Application
- Pricing Break-up
- Global Average Pricing Analysis Benchmark
- Global Quantum Key Distribution (QKD) Market Demand (in Value in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2028
- Historical Market Value (US$ Mn) Analysis, 2017-2021
- Current and Future Market Value (US$ Mn) Projections, 2022-2028
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Component
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by Component, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Component, 2022-2028
- Hardware
- Server
- Others
- Services
- Consulting Services
- Deployment and Integration Services
- Support and Maintenance Services
- Software
- Encryption
- Transmission
- Post-Quantum Cryptography
- Crypto Libraries
- Market Attractiveness Analysis by Component
- Hardware
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Category
- Introduction / Key Findings
- Historical Market and Value (US$ Mn) Analysis by Category, 2017-2021
- Current and Future Market and Value (US$ Mn) Analysis and Forecast by Category, 2022-2028
- Prepare-and-Measure Protocols
- Entanglement-Based Protocols
- Market Attractiveness Analysis by Category
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Algorithm Type
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by Algorithm Type, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Algorithm Type, 2022-2028
- Symmetric Key
- Asymmetric Key
- Market Attractiveness Analysis by Algorithm Type
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Security Type
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by Security Type, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Security Type, 2022-2028
- End-use Industry Security
- Network Security
- Market Attractiveness Analysis by Security Type
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Application
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by Application, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Application, 2022-2028
- Simulation
- Optimization
- Sampling
- Market Attractiveness Analysis by Application
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By End-use Industry
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by End-use Industry, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by End-use Industry, 2022-2028
- Aerospace
- Defence
- Medical
- Government
- IT and Telecommunication
- BFSI
- Others
- Market Attractiveness Analysis by End-use Industry
- Global Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028, By Region
- Introduction / Key Findings
- Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa (MEA)
- Market Attractiveness Analysis by Region
- North America Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- S.
- Canada
- Mexico
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- By Country
- Market Attractiveness Analysis
- By Country
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- Europe Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- Germany
- Italy
- France
- Spain
- UK
- Rest of Europe
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- By Country
- Market Attractiveness Analysis
- By Country
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- Asia Pacific Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- By Country
- Market Attractiveness Analysis
- By Country
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- South America Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- Brazil
- Argentina
- Rest of South America
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- By Country
- Market Attractiveness Analysis
- By Country
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- Middle East and Africa (MEA) Quantum Key Distribution (QKD) Market Analysis 2017-2021 and Forecast 2022-2028
- Introduction / Key Findings
- Pricing Analysis
- Historical Market Value (US$ Mn) Analysis by Region, 2017-2021
- Current and Future Market Value (US$ Mn) Analysis and Forecast by Region, 2022-2028
- By Country
- GCC Countries
- South Africa
- Rest of MEA
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- By Country
- Market Attractiveness Analysis
- By Country
- By Component
- By Category
- By Algorithm Type
- By Security Type
- By Application
- By End-use Industry
- Market Structure Analysis
- Market Analysis by Tier of Companies (Quantum Key Distribution (QKD))
- Market Concentration
- Market Dashboard
- Key Player Heat Map Analysis
- Competition Analysis
- Competition Benchmarking
- Competition Deep Dive
- Hewlett-Packard Development Company
- Overview
- Product Portfolio
- Regional Revenue
- Segmental Revenue Breakup
- Recent Development
- SWOT analysis
- IBM Corporation
- Microsoft Corporation
- NEC Corporation
- Nucrypt LLC
- Infineon Technologies AG
- MagiQ Technologies, Inc.
- Anhui Qasky Quantum Technology Co. Ltd.
- AUREA Technology
- Crypta Labs Ltd.
- ID Quantique
- QuantumCTek Co Ltd.
- QuantumXchange, Inc.
- Qubitekk, Inc.
- Other Key Players
- Hewlett-Packard Development Company
- Appendix
FAQ
Published On:May 2022
Base Year:2021 - 2022
Historical Data:2021
No of Pages:250
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- Market Size and Share from 2016 - 2027
- Expected Market Growth Until 2027
- COVID-19 Impact assessment on the market
- Market Dynamics and Impact Analysis
- Segment and region that will drive or lead the market growth and why
- Industry activity comprising Mergers, Acquisitions, Expansion, etc.
- Comprehensive Mapping of the Competitive Landscape
- In-depth analysis of key sustainability strategies adopted by market players
- Global and regional market trends – Current and Future
- Value Chain Analysis
- Porters Five Forces Analysis
- Historical and Current Product Pricing
- Country Cross-Segment Analysis
- Company Profiling
- Player Comparison Matrix
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