Global Quantum Key Distribution (QKD) Supply, Demand and Key Producers, 2023-2029

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Published Date: 12 Jan 2023

Category: Internet & Communication

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
Product Tags

Description

The global Quantum Key Distribution (QKD) market size is expected to reach $ 6185.3 million by 2029, rising at a market growth of 33.3% CAGR during the forecast period (2023-2029).

Global key players of quantum key distribution (QKD) include MagiQ Technologies, ID Quantique, Quintessence Labs, QuantumCTek, Qasky, etc. The top five players hold a share about 70%. North America is the largest market, has a share about 42%, followed by Asia-Pacific and Europe, with share 32% and 22%, separately.

Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security. The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as “BB84”. Five years later, they built the first QKD prototype system which was said to be “secure against any eavesdropper who happened to be deaf” as it made audible noises while encoding crypto key onto single photons. From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.

This report studies the global Quantum Key Distribution (QKD) demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Quantum Key Distribution (QKD), and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Quantum Key Distribution (QKD) that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Quantum Key Distribution (QKD) total market, 2018-2029, (USD Million)
Global Quantum Key Distribution (QKD) total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Quantum Key Distribution (QKD) total market, key domestic companies and share, (USD Million)
Global Quantum Key Distribution (QKD) revenue by player and market share 2018-2023, (USD Million)
Global Quantum Key Distribution (QKD) total market by Type, CAGR, 2018-2029, (USD Million)
Global Quantum Key Distribution (QKD) total market by Application, CAGR, 2018-2029, (USD Million)
This reports profiles major players in the global Quantum Key Distribution (QKD) market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ID Quantique, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek, Qasky and Qudoor, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Quantum Key Distribution (QKD) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Quantum Key Distribution (QKD) Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Quantum Key Distribution (QKD) Market, Segmentation by Type
    Type I
    Type II

Global Quantum Key Distribution (QKD) Market, Segmentation by Application
    Financial
    Government
    Military & Defense
    Others

Companies Profiled:
    ID Quantique
    Quintessence Labs
    MagiQ Technologies
    Toshiba
    QuantumCTek
    Qasky
    Qudoor

Key Questions Answered
1. How big is the global Quantum Key Distribution (QKD) market?
2. What is the demand of the global Quantum Key Distribution (QKD) market?
3. What is the year over year growth of the global Quantum Key Distribution (QKD) market?
4. What is the total value of the global Quantum Key Distribution (QKD) market?
5. Who are the major players in the global Quantum Key Distribution (QKD) market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Quantum Key Distribution (QKD) Introduction
    1.2 World Quantum Key Distribution (QKD) Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Quantum Key Distribution (QKD) Total Market by Region (by Headquarter Location)
        1.3.1 World Quantum Key Distribution (QKD) Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.3 China Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.4 Europe Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.5 Japan Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.6 South Korea Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.7 ASEAN Quantum Key Distribution (QKD) Market Size (2018-2029)
        1.3.8 India Quantum Key Distribution (QKD) Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Quantum Key Distribution (QKD) Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Quantum Key Distribution (QKD) Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.2 World Quantum Key Distribution (QKD) Consumption Value by Region
        2.2.1 World Quantum Key Distribution (QKD) Consumption Value by Region (2018-2023)
        2.2.2 World Quantum Key Distribution (QKD) Consumption Value Forecast by Region (2024-2029)
    2.3 United States Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.4 China Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.5 Europe Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.6 Japan Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.7 South Korea Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.8 ASEAN Quantum Key Distribution (QKD) Consumption Value (2018-2029)
    2.9 India Quantum Key Distribution (QKD) Consumption Value (2018-2029)

3 World Quantum Key Distribution (QKD) Companies Competitive Analysis
    3.1 World Quantum Key Distribution (QKD) Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Quantum Key Distribution (QKD) Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Quantum Key Distribution (QKD) in 2022
        3.2.3 Global Concentration Ratios (CR8) for Quantum Key Distribution (QKD) in 2022
    3.3 Quantum Key Distribution (QKD) Company Evaluation Quadrant
    3.4 Quantum Key Distribution (QKD) Market: Overall Company Footprint Analysis
        3.4.1 Quantum Key Distribution (QKD) Market: Region Footprint
        3.4.2 Quantum Key Distribution (QKD) Market: Company Product Type Footprint
        3.4.3 Quantum Key Distribution (QKD) Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Quantum Key Distribution (QKD) Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Quantum Key Distribution (QKD) Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Quantum Key Distribution (QKD) Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Quantum Key Distribution (QKD) Consumption Value Comparison
        4.2.1 United States VS China: Quantum Key Distribution (QKD) Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Quantum Key Distribution (QKD) Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Quantum Key Distribution (QKD) Companies and Market Share, 2018-2023
        4.3.1 United States Based Quantum Key Distribution (QKD) Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023)
    4.4 China Based Companies Quantum Key Distribution (QKD) Revenue and Market Share, 2018-2023
        4.4.1 China Based Quantum Key Distribution (QKD) Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023)
    4.5 Rest of World Based Quantum Key Distribution (QKD) Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Quantum Key Distribution (QKD) Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023)

5 Market Analysis by Type
    5.1 World Quantum Key Distribution (QKD) Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Type I
        5.2.2 Type II
    5.3 Market Segment by Type
        5.3.1 World Quantum Key Distribution (QKD) Market Size by Type (2018-2023)
        5.3.2 World Quantum Key Distribution (QKD) Market Size by Type (2024-2029)
        5.3.3 World Quantum Key Distribution (QKD) Market Size Market Share by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Quantum Key Distribution (QKD) Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Financial
        6.2.2 Government
        6.2.3 Military & Defense
        6.2.4 Others
        6.2.5 Others
    6.3 Market Segment by Application
        6.3.1 World Quantum Key Distribution (QKD) Market Size by Application (2018-2023)
        6.3.2 World Quantum Key Distribution (QKD) Market Size by Application (2024-2029)
        6.3.3 World Quantum Key Distribution (QKD) Market Size by Application (2018-2029)

7 Company Profiles
    7.1 ID Quantique
        7.1.1 ID Quantique Details
        7.1.2 ID Quantique Major Business
        7.1.3 ID Quantique Quantum Key Distribution (QKD) Product and Services
        7.1.4 ID Quantique Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 ID Quantique Recent Developments/Updates
        7.1.6 ID Quantique Competitive Strengths & Weaknesses
    7.2 Quintessence Labs
        7.2.1 Quintessence Labs Details
        7.2.2 Quintessence Labs Major Business
        7.2.3 Quintessence Labs Quantum Key Distribution (QKD) Product and Services
        7.2.4 Quintessence Labs Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 Quintessence Labs Recent Developments/Updates
        7.2.6 Quintessence Labs Competitive Strengths & Weaknesses
    7.3 MagiQ Technologies
        7.3.1 MagiQ Technologies Details
        7.3.2 MagiQ Technologies Major Business
        7.3.3 MagiQ Technologies Quantum Key Distribution (QKD) Product and Services
        7.3.4 MagiQ Technologies Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 MagiQ Technologies Recent Developments/Updates
        7.3.6 MagiQ Technologies Competitive Strengths & Weaknesses
    7.4 Toshiba
        7.4.1 Toshiba Details
        7.4.2 Toshiba Major Business
        7.4.3 Toshiba Quantum Key Distribution (QKD) Product and Services
        7.4.4 Toshiba Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Toshiba Recent Developments/Updates
        7.4.6 Toshiba Competitive Strengths & Weaknesses
    7.5 QuantumCTek
        7.5.1 QuantumCTek Details
        7.5.2 QuantumCTek Major Business
        7.5.3 QuantumCTek Quantum Key Distribution (QKD) Product and Services
        7.5.4 QuantumCTek Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 QuantumCTek Recent Developments/Updates
        7.5.6 QuantumCTek Competitive Strengths & Weaknesses
    7.6 Qasky
        7.6.1 Qasky Details
        7.6.2 Qasky Major Business
        7.6.3 Qasky Quantum Key Distribution (QKD) Product and Services
        7.6.4 Qasky Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 Qasky Recent Developments/Updates
        7.6.6 Qasky Competitive Strengths & Weaknesses
    7.7 Qudoor
        7.7.1 Qudoor Details
        7.7.2 Qudoor Major Business
        7.7.3 Qudoor Quantum Key Distribution (QKD) Product and Services
        7.7.4 Qudoor Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 Qudoor Recent Developments/Updates
        7.7.6 Qudoor Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Quantum Key Distribution (QKD) Industry Chain
    8.2 Quantum Key Distribution (QKD) Upstream Analysis
    8.3 Quantum Key Distribution (QKD) Midstream Analysis
    8.4 Quantum Key Distribution (QKD) Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Quantum Key Distribution (QKD) Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Quantum Key Distribution (QKD) Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Quantum Key Distribution (QKD) Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Quantum Key Distribution (QKD) Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Quantum Key Distribution (QKD) Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Quantum Key Distribution (QKD) Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Quantum Key Distribution (QKD) Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Quantum Key Distribution (QKD) Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Quantum Key Distribution (QKD) Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Quantum Key Distribution (QKD) Players in 2022
    Table 12. World Quantum Key Distribution (QKD) Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Quantum Key Distribution (QKD) Company Evaluation Quadrant
    Table 14. Head Office of Key Quantum Key Distribution (QKD) Player
    Table 15. Quantum Key Distribution (QKD) Market: Company Product Type Footprint
    Table 16. Quantum Key Distribution (QKD) Market: Company Product Application Footprint
    Table 17. Quantum Key Distribution (QKD) Mergers & Acquisitions Activity
    Table 18. United States VS China Quantum Key Distribution (QKD) Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Quantum Key Distribution (QKD) Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Quantum Key Distribution (QKD) Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Quantum Key Distribution (QKD) Revenue Market Share (2018-2023)
    Table 23. China Based Quantum Key Distribution (QKD) Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Quantum Key Distribution (QKD) Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Quantum Key Distribution (QKD) Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Quantum Key Distribution (QKD) Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Quantum Key Distribution (QKD) Revenue Market Share (2018-2023)
    Table 29. World Quantum Key Distribution (QKD) Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Quantum Key Distribution (QKD) Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Quantum Key Distribution (QKD) Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Quantum Key Distribution (QKD) Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Quantum Key Distribution (QKD) Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Quantum Key Distribution (QKD) Market Size by Application (2024-2029) & (USD Million)
    Table 35. ID Quantique Basic Information, Area Served and Competitors
    Table 36. ID Quantique Major Business
    Table 37. ID Quantique Quantum Key Distribution (QKD) Product and Services
    Table 38. ID Quantique Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. ID Quantique Recent Developments/Updates
    Table 40. ID Quantique Competitive Strengths & Weaknesses
    Table 41. Quintessence Labs Basic Information, Area Served and Competitors
    Table 42. Quintessence Labs Major Business
    Table 43. Quintessence Labs Quantum Key Distribution (QKD) Product and Services
    Table 44. Quintessence Labs Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. Quintessence Labs Recent Developments/Updates
    Table 46. Quintessence Labs Competitive Strengths & Weaknesses
    Table 47. MagiQ Technologies Basic Information, Area Served and Competitors
    Table 48. MagiQ Technologies Major Business
    Table 49. MagiQ Technologies Quantum Key Distribution (QKD) Product and Services
    Table 50. MagiQ Technologies Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. MagiQ Technologies Recent Developments/Updates
    Table 52. MagiQ Technologies Competitive Strengths & Weaknesses
    Table 53. Toshiba Basic Information, Area Served and Competitors
    Table 54. Toshiba Major Business
    Table 55. Toshiba Quantum Key Distribution (QKD) Product and Services
    Table 56. Toshiba Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Toshiba Recent Developments/Updates
    Table 58. Toshiba Competitive Strengths & Weaknesses
    Table 59. QuantumCTek Basic Information, Area Served and Competitors
    Table 60. QuantumCTek Major Business
    Table 61. QuantumCTek Quantum Key Distribution (QKD) Product and Services
    Table 62. QuantumCTek Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. QuantumCTek Recent Developments/Updates
    Table 64. QuantumCTek Competitive Strengths & Weaknesses
    Table 65. Qasky Basic Information, Area Served and Competitors
    Table 66. Qasky Major Business
    Table 67. Qasky Quantum Key Distribution (QKD) Product and Services
    Table 68. Qasky Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. Qasky Recent Developments/Updates
    Table 70. Qudoor Basic Information, Area Served and Competitors
    Table 71. Qudoor Major Business
    Table 72. Qudoor Quantum Key Distribution (QKD) Product and Services
    Table 73. Qudoor Quantum Key Distribution (QKD) Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 74. Global Key Players of Quantum Key Distribution (QKD) Upstream (Raw Materials)
    Table 75. Quantum Key Distribution (QKD) Typical Customers
List of Figure
    Figure 1. Quantum Key Distribution (QKD) Picture
    Figure 2. World Quantum Key Distribution (QKD) Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Quantum Key Distribution (QKD) Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Quantum Key Distribution (QKD) Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Quantum Key Distribution (QKD) Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Quantum Key Distribution (QKD) Revenue (2018-2029) & (USD Million)
    Figure 13. Quantum Key Distribution (QKD) Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Quantum Key Distribution (QKD) Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Quantum Key Distribution (QKD) Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Quantum Key Distribution (QKD) by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Quantum Key Distribution (QKD) Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Quantum Key Distribution (QKD) Markets in 2022
    Figure 27. United States VS China: Quantum Key Distribution (QKD) Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Quantum Key Distribution (QKD) Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Quantum Key Distribution (QKD) Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Quantum Key Distribution (QKD) Market Size Market Share by Type in 2022
    Figure 31. Type I
    Figure 32. Type II
    Figure 33. World Quantum Key Distribution (QKD) Market Size Market Share by Type (2018-2029)
    Figure 34. World Quantum Key Distribution (QKD) Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 35. World Quantum Key Distribution (QKD) Market Size Market Share by Application in 2022
    Figure 36. Financial
    Figure 37. Government
    Figure 38. Military & Defense
    Figure 39. Others
    Figure 40. Quantum Key Distribution (QKD) Industrial Chain
    Figure 41. Methodology
    Figure 42. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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Quantum Key Distribution (QKD) uses physics instead of mathematics to encode messages, which provides greater security. The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as "BB84". Five years later, they built the first QKD prototype system which was said to be "secure against any eavesdropper who happened to be deaf" as it made audible noises while encoding crypto key onto single photons. From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.

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