QKD Market Opportunities 2024: The Quantum-Safe Path to the Quantum Internet

QKD Market Opportunities 2024: The Quantum-Safe Path to the Quantum Internet

IQT Research believes that Quantum Key Distribution (QKD) represents a product/market opportunity of immediate importance. QKD, combined with PQC, enables a two-pronged approach to cybersecurity in a world in which quantum computers will increasingly break public key encryption. Two points of failure in cybersecurity are better than one. At the same time, the relatively mature QKD technology provides a solid path to a future Quantum Internet. And, although QKD chips have not taken off as fast as was once expected, there is a good chance that, in the next few years, they will lower the cost of QKD deployment and broaden the markets in which they make sense.

IQT Research has been following the evolution of the QKD market since its earliest days and can comment on QKD opportunities from an insider perspective. This report represents our latest thinking on the topic and provides coverage of all the recent technological innovations in the space and the related ongoing standards and protocol development. The report also provides a granular analysis – with specific case study examples – of how QKD is being used in government, banking and finance, and to protect the critical infrastructure. We also examine the role that QKD will find in large enterprises.

This report also profiles the business strategies of approximately 30 QKD vendors and all the major QKD deployments worldwide. Finally, based on our current analysis of the QKD market, this report includes ten-year forecasts of QKD with breakouts by country, end-user type, etc.. These forecasts are provides to purchasers of the report in a separate Excel sheet, so that they can use them for constructed complex “what if” scenarios.