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Quantum Networking Market by Offering (Quantum Key Distribution (QKD), Quantum Random Number Generator (QRNG), Quantum Repeater, Quantum Memory, Photon Detectors, Software), End User Industry (BFSI, Government & Defense, IT & Telecom) - Global Forecast to 2029

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    Report

  • 273 Pages
  • September 2024
  • Region: Global
  • Markets and Markets
  • ID: 6007588
Description Jump to:
The quantum networking market is expected to be worth USD 861.8 million in 2024 and is estimated to reach USD 5.38 billion by 2029, growing at a CAGR of 44.2% between 2024 and 2029. The market growth is driven by expanding use cases in secure communication, financial transactions, and defense. Also, with an increased focus of financial institutions and defense organizations toward protection and maintenance of privacy of data, demand will grow for devices such as quantum key distribution. Added to this is quantum technologies funding and initiatives by governments and corporations that further catapult the quantum networking market.

Quantum Key Distribution (QKD) system segment to hold the high market share during the forecast period.

Quantum Key Distribution (QKD) system segment will hold high market share during the forecast period. The market growth is credited to growing concerns over data security and threat towards traditional data encryption methods. This has let to increase in adoption of quantum networking solutions across banking and finance, government, and defense sectors.

The industry participants are focusing on implementations of QKD systems and running quantum networking pilot projects to gain a competitive edge in the market. For instance, in March 2024, Toshiba Corporation (Japan) announced strategic partnership with SoftBank Corp. (Japan) to demonstrate QKD operations with optical wireless communication. The partnership aims to showcases that secure QKD networks can be deployed over wireless communication infrastructure. Such significant partnership activities will propel the QKD segment growth over the forecast timeframe.

Market for Government & Defense segment is projected to hold for largest share during the forecast timeline.

Government and defense end user industry is projected to hold larger share during the forecast timeline. Quantum networking is done for the secure communication of classified information and national security in government and defense sectors. Quantum networks ensure that the communication channels can, in effect, be made immune to eavesdropping. QKD will enable the generation of cryptographic keys, which, by the very law of Physics itself, are safe against any form of computational attack, including those coming from the future quantum computers. This opens up a way to protect sensitive information, assure military communications integrity, and protect national secrets. In addition, quantum-secured military communications are supposed to be kept confidential and authenticated against advanced cyber threats; therefore, they become exceedingly important for secret defense operations and strategic planning.

North America is expected to hold for largest share during the forecast timeline.

North America will occupy the largest share during the forecast period since The US is home to research institutions and innovation hubs of worldwide repute, leading from the forefront in quantum networking research. Universities like MIT, Stanford, and the University of Chicago, along with national laboratories such as Argonne and Los Alamos, are leading different cutting-edge researches in quantum communication and networking. Recently, The U.S. Department of Energy declared USD 24 million, in funding for three projects driving the research into quantum networks. The focus will be on scalable quantum network communications. The funding will go to three projects whose objectives are threefold: allowing distributed quantum computers, integrating precision quantum sensors, and giving rise to new network architectures and protocols that will realize improved quantum information flow and error mitigation.

Extensive primary interviews were conducted with key industry experts in the quantum networking market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The break-up of primary participants for the report has been shown below: The break-up of the profile of primary participants in the quantum networking market:
  • By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation: C Level - 45%, Director Level - 35%, Others - 20%
  • By Region: North America - 40%, Europe - 18%, Asia Pacific - 35%, ROW - 7%
The report profiles key players in the quantum networking market with their respective market ranking analysis. Prominent players profiled in this report are TOSHIBA CORPORATION (Japan), Terra Quantum (Switzerland), Quantumctek Co.,Ltd. (China), ID Quantique (Switzerland), HEQA Security (Israel), QuintessenceLabs (Australia), MagiQ Technologies (US), Crypta Labs Limited (UK), Quantum Xchange (US), Qunnect Inc. (US), among others.

Apart from this, Qubitekk, Inc. (US), Aliro Technologies, Inc. (US), QuNu Labs Private Limited. (India), Arqit Quantum Inc. (UK), Miraex (Switzerland), SpeQtral Pte Ltd (Singapore), KETS QUANTUM SECURITY LTD (UK), Aegiq Ltd. (Sheffield), QuBalt GmbH (Germany), SSH (Finland), QuSecure, Inc. (US), VeriQloud (France), Qrypt (New York), Quside Technologies. (Spain), LuxQuanta Technologies S.L. (Spain), are among a few emerging companies in the quantum networking market.

Research Coverage

his research report categorizes the quantum networking market based on offering, end user Industry, application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the quantum networking market and forecasts the same till 2029. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the quantum networking ecosystem.

Key Benefits of Buying the Report

he report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall quantum networking market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (expanding cyber threats; the surge in data generation necessitating robust and scalable security solutions capable of handling large volumes of sensitive information) influencing the growth of the quantum networking market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the quantum networking market.
  • Market Development: Comprehensive information about lucrative markets - the report analysis the quantum networking market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the quantum networking market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like TOSHIBA CORPORATION (Japan), Terra Quantum (Switzerland), Quantumctek Co.,Ltd. (China), ID Quantique (Switzerland), HEQA Security (Israel), among others in the quantum networking market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 List of Primary Interview Participants
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation Methodology
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Arrive at Market Size Using Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach to Arrive at Market Size Using Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Risk Analysis
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Quantum Networking Market
4.2 Quantum Networking Market, by Offering
4.3 Quantum Networking Market, by End-use Industry
4.4 Quantum Networking Market, by Country
4.5 Quantum Networking Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Complexity of Cyber-Attacks in Digital Era
5.2.1.2 Rising Data Generation from IoT and Cloud Computing Devices
5.2.1.3 Mounting Demand for Secure Communication Channels
5.2.2 Restraints
5.2.2.1 High Costs of Quantum Networking Hardware
5.2.2.2 Standardization and Interoperability Issues
5.2.3 Opportunities
5.2.3.1 Rising Emphasis on Data Protection and Privacy
5.2.3.2 Increasing Allocation of Funds for Developing Quantum Technologies
5.2.3.3 Emergence of Smart Cities and Industrial Automation
5.2.4 Challenges
5.2.4.1 Sensitivity of Quantum Systems to Electromagnetic Radiation
5.2.4.2 Technical Compatibility Issues
5.3 Trends/Disruptions Impacting Customer Business
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend of Key Players, by Offering
5.4.2 Average Selling Price Trend, by Region
5.5 Value Chain Analysis
5.6 Ecosystem Analysis
5.7 Investment and Funding Scenario
5.8 Technology Analysis
5.8.1 Key Technologies
5.8.1.1 Quantum Sensing
5.8.1.2 Quantum Computing
5.8.2 Complementary Technologies
5.8.2.1 Post-Quantum Cryptography
5.8.2.2 Integrated Quantum Circuits
5.8.3 Adjacent Technologies
5.8.3.1 Photonics and Optoelectronics
5.9 Patent Analysis
5.10 Trade Analysis
5.10.1 Import Scenario (HS Code 847180)
5.10.2 Export Scenario (HS Code 847180)
5.11 Key Conferences and Events, 2024-2025
5.12 Case Study Analysis
5.12.1 Global Tech Solutions Adopts Qrng-Integrated Ezquant Security Key to Enable Secure Passwordless Authentication
5.12.2 Hitachi Energy and Id Quantique Partner to Secure Mission-Critical Networks with Quantum Encryption
5.12.3 Epb, Qubitekk, and Aliro Unite to Enable Secure and Scalable Communication with Epb Quantum Network
5.12.4 Quantum Communications Hub Deploys Qkd Across Ukqn and Ukqntel Networks to Establish Secure Quantum Communication
5.12.5 Thales Trusted Cyber Technologies Adopts Luna T-Series Hsms with Id Quantique's Qrng Chip to Address Cyber Threats
5.13 Regulatory Landscape
5.13.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.13.2 Standards
5.14 Porter's Five Forces Analysis
5.14.1 Threat of New Entrants
5.14.2 Threat of Substitutes
5.14.3 Bargaining Power of Suppliers
5.14.4 Bargaining Power of Buyers
5.14.5 Intensity of Competitive Rivalry
5.15 Key Stakeholders and Buying Criteria
5.15.1 Key Stakeholders in Buying Process
5.15.2 Buying Criteria
5.16 Impact of AI on Quantum Networking Market
5.16.1 Introduction
5.16.2 Case Study: Application of AI in Marl-based Approach for Decentralized Resource Allocation in Quantum Computing Networks
6 Quantum Networking Applications
6.1 Introduction
6.2 Secure Communication
6.3 Distributed Quantum Computing
6.4 Quantum Sensing & Metrology
6.5 Quantum Clock Synchronization
6.6 Secure Voting
6.7 Secure Financial Transaction
7 Quantum Networking Market, by Offering
7.1 Introduction
7.2 Hardware
7.2.1 Quantum Key Distribution Systems
7.2.1.1 Increasing Need for Promising Technology for Long-Term Data Security to Expedite Segmental Growth
7.2.2 Quantum Random Number Generators
7.2.2.1 Rising Emphasis on Secure Financial Transactions and Communications to Drive Market
7.2.3 Quantum Memory Devices
7.2.3.1 Growing Focus on Efficient Storage and Management of Quantum Information for Computation Tasks to Boost Segmental Growth
7.2.4 Quantum Repeaters
7.2.4.1 Increasing Integration with Telecom Infrastructure to Transform Communications to Fuel Segmental Growth
7.2.5 Other Hardware Types
7.3 Software
7.3.1 Growing Concern About Cyber Threats and Data Breaches to Contribute to Segmental Growth
8 Quantum Networking Market, by End-use Industry
8.1 Introduction
8.2 Banking & Finance
8.2.1 Increasing Frequency of Cyber-Attacks to Boost Segmental Growth
8.3 Government & Defense
8.3.1 Growing Demand for Robust Encryption Solutions to Safeguard Critical Infrastructure to Foster Segmental Growth
8.4 Healthcare & Life Sciences
8.4.1 Rising Emphasis on Safeguarding Sensitive Patient Information to Augment Segmental Growth
8.5 IT & Telecom
8.5.1 Increasing Focus on Preventing Signal Loss and Interference to Bolster Segmental Growth
8.6 Energy & Utilities
8.6.1 Rising Focus on Accurate Weather Forecasting and Safe Data Exchange to Boost Segmental Growth
8.7 Manufacturing
8.7.1 Increasing Data Generation and Need for Advanced Security and Communication Solutions to Fuel Segmental Growth
8.8 Other End-use Industries
9 Quantum Networking Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Macroeconomic Outlook for North America
9.2.2 US
9.2.2.1 Mounting Investment in Advanced Communication Technologies to Foster Market Growth
9.2.3 Canada
9.2.3.1 Increasing Development of Algorithms to Enhance Telecom Networks to Expedite Market Growth
9.2.4 Mexico
9.2.4.1 Rising Allocation of Funds to Develop Advanced Information Technologies to Drive Market
9.3 Europe
9.3.1 Macroeconomic Outlook for Europe
9.3.2 UK
9.3.2.1 Rising Emphasis on Addressing Cybersecurity Threats to Accelerate Market Growth
9.3.3 Germany
9.3.3.1 Growing Focus on Enabling Secure and Efficient Data Exchange to Augment Market Growth
9.3.4 France
9.3.4.1 Surging Demand for Advanced Technologies for Secure Communication to Contribute to Market Growth
9.3.5 Rest of Europe
9.4 Asia-Pacific
9.4.1 Macroeconomic Outlook for Asia-Pacific
9.4.2 China
9.4.2.1 Rising Investment in Emerging Technologies to Accelerate Market Growth
9.4.3 Japan
9.4.3.1 Increasing Focus on Advancing High-Tech Sector to Spur Demand
9.4.4 South Korea
9.4.4.1 Growing Focus on Technological Innovation to Contribute to Market Growth
9.4.5 Rest of Asia-Pacific
9.5 RoW
9.5.1 Macroeconomic Outlook for RoW
9.5.2 Middle East
9.5.2.1 Increasing Need for Robust and Secure Communication Systems to Boost Market Growth
9.5.2.2 GCC Countries
9.5.2.3 Rest of Middle East
9.5.3 Africa
9.5.3.1 Growing Interest in Enhancing Technological Capabilities and Securing Communication Infrastructure to Augment Market Growth
9.5.4 South America
9.5.4.1 Rising Emphasis on Technology-Driven Economic Growth to Drive Market
10 Competitive Landscape
10.1 Overview
10.2 Key Player Strategies/Right to Win, 2020-2024
10.3 Revenue Analysis, 2021-2023
10.4 Market Share Analysis, 2023
10.5 Company Valuation and Financial Metrics
10.6 Brand/Product Comparison
10.7 Company Evaluation Matrix: Key Players, 2023
10.7.1 Stars
10.7.2 Emerging Leaders
10.7.3 Pervasive Players
10.7.4 Participants
10.7.5 Company Footprint: Key Players, 2023
10.7.5.1 Company Footprint
10.7.5.2 Offering Footprint
10.7.5.3 End-use Industry Footprint
10.7.5.4 Region Footprint
10.8 Company Evaluation Matrix: Startups/SMEs, 2023
10.8.1 Progressive Companies
10.8.2 Responsive Companies
10.8.3 Dynamic Companies
10.8.4 Starting Blocks
10.8.5 Competitive Benchmarking: Startups/SMEs, 2023
10.8.5.1 Detailed List of Key Startups/SMEs
10.8.5.2 Competitive Benchmarking of Key Startups/SMEs
10.9 Competitive Scenario
10.9.1 Product Launches
10.9.2 Deals
11 Company Profiles
11.1 Key Players
11.1.1 Toshiba Corporation
11.1.1.1 Business Overview
11.1.1.2 Products/Solutions/Services Offered
11.1.1.3 Recent Developments
11.1.1.3.1 Product Launches
11.1.1.3.2 Deals
11.1.1.3.3 Expansions
11.1.1.4 Analyst's View
11.1.1.4.1 Key Strengths/Right to Win
11.1.1.4.2 Strategic Choices
11.1.1.4.3 Weaknesses/Competitive Threats
11.1.2 Id Quantique
11.1.2.1 Business Overview
11.1.2.2 Products/Solutions/Services Offered
11.1.2.3 Recent Developments
11.1.2.3.1 Product Launches
11.1.2.3.2 Deals
11.1.2.4 Analyst's View
11.1.2.4.1 Key Strengths/Right to Win
11.1.2.4.2 Strategic Choices
11.1.2.4.3 Weaknesses/Competitive Threats
11.1.3 Heqa Security
11.1.3.1 Products/Solutions/Services Offered
11.1.3.2 Recent Developments
11.1.3.2.1 Deals
11.1.3.3 Analyst's View
11.1.3.3.1 Key Strengths/Right to Win
11.1.3.3.2 Strategic Choices
11.1.3.3.3 Weaknesses/Competitive Threats
11.1.4 Quantumctek Co. Ltd.
11.1.4.1 Business Overview
11.1.4.2 Products/Solutions/Services Offered
11.1.4.3 Analyst's View
11.1.4.3.1 Key Strengths/Right to Win
11.1.4.3.2 Strategic Choices
11.1.4.3.3 Weaknesses/Competitive Threats
11.1.5 Quintessencelabs
11.1.5.1 Business Overview
11.1.5.2 Products/Solutions/Services Offered
11.1.5.3 Recent Developments
11.1.5.3.1 Product Launches
11.1.5.3.2 Deals
11.1.5.4 Analyst's View
11.1.5.4.1 Key Strengths/Right to Win
11.1.5.4.2 Strategic Choices
11.1.5.4.3 Weaknesses/Competitive Threats
11.1.6 Terra Quantum
11.1.6.1 Business Overview
11.1.6.2 Products/Solutions/Services Offered
11.1.6.3 Recent Developments
11.1.6.3.1 Product Launches
11.1.6.3.2 Deals
11.1.7 Magiq Technologies
11.1.7.1 Business Overview
11.1.7.2 Products/Solutions/Services Offered
11.1.8 Crypta Labs Limited
11.1.8.1 Business Overview
11.1.8.2 Products/Solutions/Services Offered
11.1.8.3 Recent Developments
11.1.8.3.1 Deals
11.1.9 Quantum Xchange
11.1.9.1 Business Overview
11.1.9.2 Products/Solutions/Services Offered
11.1.9.3 Recent Developments
11.1.9.3.1 Product Launches
11.1.9.3.2 Deals
11.1.10 Qunnect Inc.
11.1.10.1 Business Overview
11.1.10.2 Products/Solutions/Services Offered
11.1.10.3 Recent Developments
11.1.10.3.1 Expansions
11.2 Other Players
11.2.1 Qubitekk, Inc.
11.2.2 Aliro Technologies, Inc.
11.2.3 Qunu Labs Private Limited
11.2.4 Arqit
11.2.5 Miraex
11.2.6 Speqtral Pte Ltd
11.2.7 Kets Quantum Security Ltd.
11.2.8 Aegiq Ltd.
11.2.9 Qubalt GmbH
11.2.10 Ssh
11.2.11 Qusecure, Inc.
11.2.12 Veriqloud
11.2.13 Qrypt
11.2.14 Quside Technologies
11.2.15 Luxquanta Technologies S.L.
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledgestore: The Subscription Portal
12.4 Customization Options
List of Tables
Table 1 Quantum Networking Market: Risk Analysis
Table 2 Indicative Pricing Trend of Quantum Networking Technologies Offered by Key Players, by Offering (USD)
Table 3 Indicative Pricing Trend of Quantum Networking Technologies, By Offering, 2020-2023 (USD)
Table 4 Average Selling Price Trend of Quantum Key Distribution Systems, By Region, 2020-2023 (USD)
Table 5 Average Selling Price Trend of Quantum Random Number Generators, by Region, 2020-2023 (USD)
Table 6 Role of Companies in Quantum Networking Ecosystem
Table 7 List of Patents, 2022-2024
Table 8 Import Scenario for HS Code 847180-Compliant Products, By Country, 2019-2023 (USD Million)
Table 9 Export Scenario for HS Code 847180-Compliant Products, By Country, 2019-2023 (USD Million)
Table 10 List of Key Conferences and Events, 2024-2025
Table 11 North America: Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, And Other Organizations
Table 13 Asia-Pacific: Regulatory Bodies, Government Agencies, And Other Organizations
Table 14 RoW: Regulatory Bodies, Government Agencies, And Other Organizations
Table 15 Influence of Stakeholders on Buying Process For Top Three End-use Industries (%)
Table 16 Key Buying Criteria for Top Three End-use Industries
Table 17 Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 18 Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 19 Hardware: Quantum Networking Market, By Type, 2020-2023 (USD Million)
Table 20 Hardware: Quantum Networking Market, By Type, 2024-2029 (USD Million)
Table 21 Hardware: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 22 Hardware: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 23 Hardware: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 24 Hardware: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 25 Hardware: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 26 Hardware: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 27 Hardware: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 28 Hardware: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 29 Hardware: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 30 Hardware: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 31 Quantum Key Distribution Systems: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 32 Quantum Key Distribution Systems: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 33 Quantum Random Number Generators: Quantum Networking Market, by Region, 2020-2023 (USD Million)
Table 34 Quantum Random Number Generators: Quantum Networking Market, by Region, 2024-2029 (USD Million)
Table 35 Quantum Memory Devices: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 36 Quantum Memory Devices: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 37 Quantum Repeaters: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 38 Quantum Repeaters: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 39 Other Hardware Types: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 40 Other Hardware Types: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 41 Software: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 42 Software: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 43 Software: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 44 Software: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 45 Software: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 46 Software: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 47 Software: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 48 Software: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 49 Software: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 50 Software: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 51 Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 52 Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 53 Banking & Finance: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 54 Banking & Finance: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 55 Banking & Finance: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 56 Banking & Finance: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 57 Banking & Finance: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 58 Banking & Finance: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 59 Banking & Finance: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 60 Banking & Finance: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 61 Banking & Finance: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 62 Banking & Finance: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 63 Government & Defense: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 64 Government & Defense: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 65 Government & Defense: Quantum Networking Market in North America, by Country, 2020-2023 (USD Million)
Table 66 Government & Defense: Quantum Networking Market in North America, by Country, 2024-2029 (USD Million)
Table 67 Government & Defense: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 68 Government & Defense: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 69 Government & Defense: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 70 Government & Defense: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 71 Government & Defense: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 72 Government & Defense: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 73 Healthcare & Life Sciences: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 74 Healthcare & Life Sciences: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 75 Healthcare & Life Sciences: Quantum Networking Market In North America, by Country, 2020-2023 (USD Million)
Table 76 Healthcare & Life Sciences: Quantum Networking Market In North America, by Country, 2024-2029 (USD Million)
Table 77 Healthcare & Life Sciences: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 78 Healthcare & Life Sciences: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 79 Healthcare & Life Sciences: Quantum Networking Market In Asia-Pacific, by Country, 2020-2023 (USD Million)
Table 80 Healthcare & Life Sciences: Quantum Networking Market In Asia-Pacific, by Country, 2024-2029 (USD Million)
Table 81 Healthcare & Life Sciences: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 82 Healthcare & Life Sciences: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 83 IT & Telecom: Quantum Networking Market, by Region, 2020-2023 (USD Million)
Table 84 IT & Telecom: Quantum Networking Market, by Region, 2024-2029 (USD Million)
Table 85 IT & Telecom: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 86 IT & Telecom: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 87 IT & Telecom: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 88 IT & Telecom: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 89 IT & Telecom: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 90 IT & Telecom: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 91 IT & Telecom: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 92 IT & Telecom: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 93 Energy & Utilities: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 94 Energy & Utilities: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 95 Energy & Utilities: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 96 Energy & Utilities: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 97 Energy & Utilities: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 98 Energy & Utilities: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 99 Energy & Utilities: Quantum Networking Market in Asia-Pacific, By Country, 2020-2023 (USD Million)
Table 100 Energy & Utilities: Quantum Networking Market in Asia-Pacific, By Country, 2024-2029 (USD Million)
Table 101 Energy & Utilities: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Million)
Table 102 Energy & Utilities: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Million)
Table 103 Manufacturing: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 104 Manufacturing: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 105 Manufacturing: Quantum Networking Market in North America, By Country, 2020-2023 (USD Million)
Table 106 Manufacturing: Quantum Networking Market in North America, By Country, 2024-2029 (USD Million)
Table 107 Manufacturing: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Million)
Table 108 Manufacturing: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Million)
Table 109 Manufacturing: Quantum Networking Market in Asia-Pacific, By Country, by Country, 2020-2023 (USD Million)
Table 110 Manufacturing: Quantum Networking Market in Asia-Pacific, By Country, by Country, 2024-2029 (USD Million)
Table 111 Manufacturing: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Thousand)
Table 112 Manufacturing: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Thousand)
Table 113 Other End-use Industries: Quantum Networking Market, By Region, 2020-2023 (USD Million)
Table 114 Other End-use Industries: Quantum Networking Market, By Region, 2024-2029 (USD Million)
Table 115 Other End-use Industries: Quantum Networking Market In North America, by Country, 2020-2023 (USD Thousand)
Table 116 Other End-use Industries: Quantum Networking Market In North America, by Country, 2024-2029 (USD Thousand)
Table 117 Other End-use Industries: Quantum Networking Market in Europe, By Country, 2020-2023 (USD Thousand)
Table 118 Other End-use Industries: Quantum Networking Market in Europe, By Country, 2024-2029 (USD Thousand)
Table 119 Other End-use Industries: Quantum Networking Market in Asia-Pacific, by Country, 2020-2023 (USD Thousand)
Table 120 Other End-use Industries: Quantum Networking Market in Asia-Pacific, by Country, 2024-2029 (USD Thousand)
Table 121 Other End-use Industries: Quantum Networking Market in RoW, By Region, 2020-2023 (USD Thousand)
Table 122 Other End-use Industries: Quantum Networking Market in RoW, By Region, 2024-2029 (USD Thousand)
Table 123 Quantum Networking Market, by Region, 2020-2023 (USD Million)
Table 124 Quantum Networking Market, by Region, 2024-2029 (USD Million)
Table 125 North America: Quantum Networking Market, By Country, 2020-2023 (USD Million)
Table 126 North America: Quantum Networking Market, By Country, 2024-2029 (USD Million)
Table 127 North America: Quantum Networking Market, By Offering, 2020-2023 (USD Million)
Table 128 North America: Quantum Networking Market, By Offering, 2024-2029 (USD Million)
Table 129 North America: Quantum Networking Market, By End-use Industry, 2020-2023 (USD Million)
Table 130 North America: Quantum Networking Market, By End-use Industry, 2024-2029 (USD Million)
Table 131 US: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 132 US: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 133 US: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 134 US: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 135 Canada: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 136 Canada: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 137 Canada: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 138 Canada: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 139 Mexico: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 140 Mexico: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 141 Mexico: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 142 Mexico: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 143 Europe: Quantum Networking Market, by Country, 2020-2023 (USD Million)
Table 144 Europe: Quantum Networking Market, by Country, 2024-2029 (USD Million)
Table 145 Europe: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 146 Europe: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 147 Europe: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 148 Europe: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 149 UK: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 150 UK: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 151 UK: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 152 UK: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 153 Germany: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 154 Germany: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 155 Germany: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 156 Germany: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 157 France: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 158 France: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 159 France: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 160 France: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 161 Rest of Europe: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 162 Rest of Europe: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 163 Rest of Europe: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 164 Rest of Europe: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 165 Asia-Pacific: Quantum Networking Market, by Country, 2020-2023 (USD Million)
Table 166 Asia-Pacific: Quantum Networking Market, by Country, 2024-2029 (USD Million)
Table 167 Asia-Pacific: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 168 Asia-Pacific: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 169 Asia-Pacific: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 170 Asia-Pacific: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 171 China: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 172 China: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 173 China: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 174 China: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 175 Japan: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 176 Japan: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 177 Japan: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 178 Japan: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 179 South Korea: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 180 South Korea: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 181 South Korea: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 182 South Korea: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 183 Rest of Asia-Pacific: Quantum Networking Market, By Offering, 2020-2023 (USD Million)
Table 184 Rest of Asia-Pacific: Quantum Networking Market, By Offering, 2024-2029 (USD Million)
Table 185 Rest of Asia-Pacific: Quantum Networking Market, By End-use Industry, by Offering, 2020-2023 (USD Thousand)
Table 186 Rest of Asia-Pacific: Quantum Networking Market, By End-use Industry, by Offering, 2024-2029 (USD Thousand)
Table 187 RoW: Quantum Networking Market, by Region, 2020-2023 (USD Million)
Table 188 RoW: Quantum Networking Market, by Region, 2024-2029 (USD Million)
Table 189 RoW: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 190 RoW: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 191 RoW: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Million)
Table 192 RoW: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Million)
Table 193 Middle East: Quantum Networking Market, by Country, 2020-2023 (USD Million)
Table 194 Middle East: Quantum Networking Market, by Country, 2024-2029 (USD Million)
Table 195 Middle East: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 196 Middle East: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 197 Middle East: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 198 Middle East: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 199 Africa: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 200 Africa: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 201 Africa: Quantum Networking Market, by End-use Industry, 2020-2023 (USD Thousand)
Table 202 Africa: Quantum Networking Market, by End-use Industry, 2024-2029 (USD Thousand)
Table 203 South America: Quantum Networking Market, by Offering, 2020-2023 (USD Million)
Table 204 South America: Quantum Networking Market, by Offering, 2024-2029 (USD Million)
Table 205 South America: Quantum Networking Market, By End-use Industry, 2020-2023 (USD Thousand)
Table 206 South America: Quantum Networking Market, By End-use Industry, 2024-2029 (USD Thousand)
Table 207 Quantum Networking Market: Overview of Strategies Adopted By Key Players, 2020-2024
Table 208 Quantum Networking Market: Degree of Competition, 2023
Table 209 Quantum Networking Market: Offering Footprint
Table 210 Quantum Networking Market: End-use Industry Footprint
Table 211 Quantum Networking Market: Region Footprint
Table 212 Quantum Networking Market: Detailed List of Key Startups/SMEs
Table 213 Quantum Networking Market: Competitive Benchmarking Of Key Startups/SMEs
Table 214 Quantum Networking Market: Product Launches, January 2020-June 2024
Table 215 Quantum Networking Market: Deals, January 2020-June 2024
Table 216 Toshiba Corporation: Company Overview
Table 217 Toshiba Corporation: Products/Solutions/Services Offered
Table 218 Toshiba Corporation: Product Launches
Table 219 Toshiba Corporation: Deals
Table 220 Toshiba Corporation: Expansions
Table 221 Id Quantique: Company Overview
Table 222 Id Quantique: Products/Solutions/Services Offered
Table 223 Id Quantique: Product Launches
Table 224 Id Quantique: Deals
Table 225 Heqa Security: Company Overview
Table 226 Heqa Security: Products/Solutions/Services Offered
Table 227 Heqa Security: Deals
Table 228 Quantumctek Co. Ltd.: Company Overview
Table 229 Quantumctek Co. Ltd.: Products/Solutions/Services Offered
Table 230 Quintessencelabs: Company Overview
Table 231 Quintessencelabs: Products/Solutions/Services Offered
Table 232 Quintessencelabs: Product Launches
Table 233 Quintessencelabs: Deals
Table 234 Terra Quantum: Company Overview
Table 235 Terra Quantum: Products/Solutions/Services Offered
Table 236 Terra Quantum: Product Launches
Table 237 Terra Quantum: Deals
Table 238 Magiq Technologies: Company Overview
Table 239 Magiq Technologies: Products/Solutions/Services Offered
Table 240 Crypta Labs Limited: Company Overview
Table 241 Crypta Labs Limited: Products/Solutions/Services Offered
Table 242 Crypta Labs Limited: Deals
Table 243 Quantum Xchange: Company Overview
Table 244 Quantum Xchange: Products/Solutions/Services Offered
Table 245 Quantum Xchange: Product Launches
Table 246 Quantum Xchange: Deals
Table 247 Qunnect Inc.: Company Overview
Table 248 Qunnect Inc.: Products/Solutions/Services Offered
Table 249 Qunnect Inc.: Expansions
List of Figure
Figure 1 Quantum Networking Market Segmentation
Figure 2 Quantum Networking Market: Research Design
Figure 3 Quantum Networking Market: Research Flow
Figure 4 Quantum Networking Market Size Estimation Methodology
Figure 5 Quantum Networking Market: Bottom-Up Approach
Figure 6 Quantum Networking Market: Top-Down Approach
Figure 7 Quantum Networking Market: Data Triangulation
Figure 8 Quantum Networking Market: Research Assumptions
Figure 9 Hardware Segment to Account for Larger Market Share in 2029
Figure 10 Government & Defense Segment to Dominate Quantum Networking Market from 2024 to 2029
Figure 11 North America Held Largest Share of Quantum Networking Market In 2023
Figure 12 Rising Emphasis on Secure Communication to Create Lucrative Opportunities for Players in Quantum Networking Market
Figure 13 Hardware Segment to Exhibit Higher CAGR from 2024 to 2029
Figure 14 IT & Telecom Segment to Record Highest CAGR During Forecast Period
Figure 15 Canada to Exhibit Highest CAGR in Global Quantum Networking Market During Forecast Period
Figure 16 North America to Record Highest CAGR in Quantum Networking Market Between 2024 and 2029
Figure 17 Drivers, Restraints, Opportunities, and Challenges
Figure 18 Volume of Data Generated Worldwide, 2020-2025 (Zettabytes)
Figure 19 Impact Analysis: Drivers
Figure 20 Impact Analysis: Restraints
Figure 21 Impact Analysis: Opportunities
Figure 22 Impact Analysis: Challenges
Figure 23 Trends/Disruptions Impacting Customer Business
Figure 24 Average Selling Price Trend of Quantum Networking Technologies Offered by Key Players, by Offering
Figure 25 Average Selling Price Trend of Quantum Key Distribution Systems, By Region, 2020-2023
Figure 26 Average Selling Price Trend of Quantum Random Number Generators, by Region, 2020-2023
Figure 27 Value Chain Analysis
Figure 28 Quantum Networking Ecosystem
Figure 29 Investment and Funding Scenario, 2020-2023
Figure 30 Investments in Quantum Technology, 2015-2023
Figure 31 Patents Applied and Granted, 2014-2024
Figure 32 Import Data for HS Code 847180-Compliant Products, By Country, 2019-2023
Figure 33 Export Data for HS Code 847180-Compliant Products, By Country, 2019-2023
Figure 34 Porter's Five Forces Analysis
Figure 35 Influence of Stakeholders on Buying Process For Top Three End-use Industries
Figure 36 Key Buying Criteria for Top Three End-use Industries
Figure 37 Impact of AI on Quantum Networking Industry
Figure 38 Hardware Segment to Hold Larger Market Share in 2029
Figure 39 Government & Defense Segment to Dominate Quantum Networking Market During Forecast Period
Figure 40 North America to Record Highest CAGR in Quantum Networking Market from 2024 to 2029
Figure 41 North America: Quantum Networking Market Snapshot
Figure 42 Canada to Exhibit Highest CAGR in North American Quantum Networking Market from 2024 to 2029
Figure 43 Europe: Quantum Networking Market Snapshot
Figure 44 Germany to Record Highest CAGR in European Quantum Networking Market Between 2024 and 2029
Figure 45 Asia-Pacific: Quantum Networking Market Snapshot
Figure 46 China to Dominate Asia-Pacific Quantum Networking Market During Forecast Period
Figure 47 RoW: Quantum Networking Market Snapshot
Figure 48 Middle East to Record Highest CAGR in RoW Quantum Networking Market from 2024 to 2029
Figure 49 Quantum Networking Market: Revenue Analysis Of Five Key Players, 2021-2023
Figure 50 Market Share Analysis of Companies Offering Quantum Networking Technologies, 2023
Figure 51 Company Valuation
Figure 52 Financial Metrics (EV/EBITDA)
Figure 53 Brand/Product Comparison
Figure 54 Quantum Networking Market: Company Evaluation Matrix (Key Players), 2023
Figure 55 Quantum Networking Market: Company Footprint
Figure 56 Quantum Networking Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 57 Toshiba Corporation: Company Snapshot
Figure 58 Quantumctek Co. Ltd.: Company Snapshot

Companies Mentioned

  • Toshiba Corporation
  • Id Quantique
  • Heqa Security
  • Quantumctek Co. Ltd.
  • Quintessencelabs
  • Terra Quantum
  • Magiq Technologies
  • Crypta Labs Limited
  • Quantum Xchange
  • Qunnect Inc.
  • Qubitekk, Inc.
  • Aliro Technologies, Inc.
  • Qunu Labs Private Limited
  • Arqit
  • Miraex
  • Speqtral Pte Ltd
  • Kets Quantum Security Ltd.
  • Aegiq Ltd.
  • Qubalt GmbH
  • Ssh
  • Qusecure, Inc.
  • Veriqloud
  • Qrypt
  • Quside Technologies
  • Luxquanta Technologies S.L.

Table Information

Report AttributeDetails
No. of Pages273
PublishedSeptember 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 861.8 Million
Forecasted Market Value ( USD ) by 2029 $ 5382 Million
Compound Annual Growth Rate44.2%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Quantum Networking Market

Quantum Networking is a rapidly emerging field of technology that seeks to leverage the power of quantum computing to create more secure and efficient networks. It is based on the principles of quantum mechanics, which allow for the transmission of data in a secure and reliable manner. Quantum Networking utilizes quantum entanglement, a phenomenon in which two particles become linked together, to create a secure connection between two or more nodes. This connection is resistant to eavesdropping and other forms of interference, making it ideal for secure communication. Quantum Networking also has the potential to revolutionize the way networks are designed and operated. By utilizing quantum computing, networks can be designed to be more efficient and secure, allowing for faster data transmission and improved security. Companies in the Quantum Networking market include IBM, Microsoft, Google, Honeywell, and Lockheed Martin. These companies are working to develop quantum computing technologies and applications that can be used to create more secure and efficient networks. Show Less Read more

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