Quantum Communication Market Regional Analysis:
North American Market Insights
The North America quantum communication market is poised to generate the highest revenue share of 40% during the forecast period. The major factor for the growth of the market in this region is the rising demand for security in government applications. Additionally, the prevalence of remote working is also surging in this region. Over 31 million Americans, or almost 21% of the workforce, are predicted to work remotely by 2025. This has also increased the prevalence of hacking. Furthermore, a surge in the adoption of space quantum technology is also estimated to influence the quantum communication market share in this region.
European Market Insights
The Europe quantum communication market is also estimated to have notable growth in the revenue over the forecast period. The next big technological advancement in safe digitalization has received approval from Europe. The testing infrastructure for quantum key distribution (QKD) has been commissioned by the European Commission to be constructed by a consortium headed by Deutsche Telekom. This will enable QKD devices made by European manufacturers to be evaluated. Hence, this factor is projected to dominate the quantum communication market expansion in Europe.
