Quantum Communication Market size was valued at USD 1.06 billion in 2024 and is poised to exceed USD 30.23 billion by the end of 2037, registering over 29.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of quantum communication is evaluated at USD 1.31 billion.
This growth of the market is poised to be dominated by growing cyber-attacks. Every day, almost 3999 new cyberattacks take place. Every 14 seconds, a business is hit by a ransomware attack that can cause catastrophic financial losses and uncover about 559,000 new malware samples. Therefore, the need for quantum communication is growing.
When they interact, a series of secret bits that are transferred quantum mechanically and referred to as a key are activated in quantum communications. A message may be encrypted (or decrypted) using this shared key and an algorithm of choice. Next, a conventional, secure communication channel is used to send the message. Furthermore, key players are investing in research & development to improve the scalability and usefulness of quantum communication solutions, and as a result, the quantum communication market is witnessing developments in quantum networks, quantum cryptography, and quantum key distribution.
Author Credits: Abhishek Verma
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