Quantum Communication Market Market Size

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.