Quantum Key Distribution: The Next Generation – A Ten-Year Forecast and Revenue Assessment: 2020 to 2029
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(InsideQuantumTechnology) Inside Quantum Technology has provided coverage of the Quantum Key Distribution (QKD) since 2014 and publishes an annual ten-year market forecast. This report is the latest of these our QKD market studies. It updates the forecasts and analyses the key QKD industry developments over the period since the previous IQT report. Inside Quantum Technology was the first industry analysis firm to predict that quantum security in mobile phones would become a significant revenue earner in the short-term. When we forecast this a couple of years ago, we were criticized, but phones using QRNGs were announced earlier this year and this report discusses how the “mobile QRNG” market will evolve.
There have been some big developments in the QKD space since our previous report. In particular, the regulatory and financial framework for the development of a vibrant QKD business has matured. On the standardization and funding front, the ITU-T standardization is near complete while both the US and UK governments have announced major funding for large-scale quantum networks with QKD as a central component. And the QuantumCtek IPO may just be the beginning of the new public companies in this space.
The report contains forecasts of the hardware and service revenues from QKD in all the major end user groups. It also profiles all the leading suppliers of QKD boxes and services. These profiles are designed to provide the reader of this report with an understanding of how the major players are creating QKD products and building marketing strategies for QKD as quantum computers become more ubiquitous.