Product Code: PM5059
The global quantum networking market size is expected to reach USD 15725.5 million by 2032, according to a new study by Polaris Market Research. The report "Quantum Networking Market Size, Share, Trends, Industry Analysis Report: By Offering (Hardware, Software, Quantum Key Distribution (QKD) System, Quantum Random Number Generator (QRNG), Quantum Memory, Quantum Repeater, and Others), End-user Industry, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The quantum networking market is being driven by the increasing popularity and adoption of artificial intelligence. Companies are incorporating AI into their business processes to improve operational efficiency, gain a competitive edge, and provide personalized customer experiences. AI applications generally involve processing and analyzing vast amounts of data to train models and make predictions. This data-intensive nature of AI requires large computational power and efficient data-handling capabilities. Quantum computing, with its potential to perform complex calculations at faster speeds, significantly accelerates AI model training and data analysis. Quantum networks play a crucial role in facilitating these advanced computations by enabling distributed quantum computing.
The increasing incidence of cyber-attacks is also projected to expand the global quantum networking market. Quantum networking, with its promise of unparalleled security through quantum key distribution (QKD) and other quantum encryption methods, directly addresses the growing cyber-attacks concerns.
The growth of the quantum networking market is being fueled by technological advancements in quantum cryptography and quantum computing. Advancements in these technologies enhance the capabilities and applications of quantum networks, driving innovation and addressing new challenges in data security and computational power. This increases the adoption of quantum networking in various sectors such as telecommunication, defense, information technology, and others.
Quantum Networking Market Report Highlights
The quantum key distribution (QKD) system segment in the quantum networking market is expected to experience substantial growth over the forecast period due to increasing emphasis on secure communication channels against evolving cybersecurity threats.
The government & defense sector dominated the quantum networking market owing to the unparalleled security features of quantum networking. The government & defense sector adopt quantum networking to protect classified information and sensitive national security data from cyber threats.
In the global market, North American quantum networking market has the largest revenue share due to rapid investment in research and development, advanced technological infrastructure, and large funding from both government and private sectors.
The global key market players are TOSHIBA CORPORATION; QuantumCTek Co., Ltd.; HEQA Security; Cisco Systems, Inc.; IBM; MagiQ Technologies; ID Quantique; Terra Quantum; Quantum Xchange; Qunnect Inc.; Crypta Labs Limited; Aliro Technologies, Inc.; Qubitekk, Inc.; Arqit; Miraex; Aegiq Ltd; and QuBalt GmbH.
Polaris Market Research has segmented the quantum networking market report based on offering, end-user industry, application, and region:
By Offering Outlook (Revenue - USD million, 2019 - 2032)
- Hardware
- Software
- Quantum Key Distribution (QKD) System
- Quantum Random Number Generator (QRNG)
- Quantum Memory
- Quantum Repeater
- Others
By End-user Industry Outlook (Revenue - USD million, 2019 - 2032)
- Aerospace & Defense
- Banking & Finance
- Government & Defense
- Healthcare & Life Sciences
- IT & Telecom
- Energy & Utilities
- Manufacturing
- Others
By Application Outlook (Revenue - USD million, 2019 - 2032)
- Secure Communication
- Distributed Quantum Computing
- Quantum Sensing and Metrology
- Quantum Clock Synchronization
- Secure Voting
- Secure Financial Transaction
By Regional Outlook (Revenue - USD million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of APAC
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of MEA
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Quantum Networking Market Insights
- 4.1. Quantum Networking Market - Market Snapshot
- 4.2. Quantum Networking Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancements in quantum cryptography and quantum computing is driving the market growth.
- 4.2.1.2. Increasing Incidence of Cyber-attacks propels the market.
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost of quantum networking is hindering the Quantum Networking market growth.
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Quantum Networking Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Quantum Networking Market, by Offering
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Quantum Networking Market, by Offering, 2019-2032 (USD Million)
- 5.3. Hardware
- 5.3.1. Global Quantum Networking Market, by Hardware, by Region, 2019-2032 (USD Million)
- 5.4. Software
- 5.4.1. Global Quantum Networking Market, by Software, by Region, 2019-2032 (USD Million)
- 5.5. Quantum Key Distribution (QKD) System
- 5.5.1 Global Quantum Networking Market, by Quantum Key Distribution (QKD) System, by Region, 2019-2032 (USD Million)
- 5.6. Quantum Random Number Generator (QRNG)
- 5.6.1. Global Quantum Networking Market, by Quantum Random Number Generator (QRNG), by Region, 2019-2032 (USD Million)
- 5.7. Quantum Memory
- 5.7.1. Global Quantum Networking Market, by Quantum Memory, by Region, 2019-2032 (USD Million)
- 5.8. Quantum Repeater
- 5.8.1. Global Quantum Networking Market, by Quantum Repeater, by Region, 2019-2032 (USD Million)
- 5.9. Others
- 5.9.1. Global Quantum Networking Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Quantum Networking Market, by End-user Industry
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 6.3. Aerospace & Defense
- 6.3.1. Global Quantum Networking Market, by Aerospace & Defense, by Region, 2019-2032 (USD Million)
- 6.4. Banking & Finance
- 6.4.1. Global Quantum Networking Market, by Banking & Finance, by Region, 2019-2032 (USD Million)
- 6.5. Healthcare & Life Sciences
- 6.5.1 Global Quantum Networking Market, by Healthcare & Life Sciences, 2019-2032 (USD Million)
- 6.6. IT & Telecom
- 6.6.1. Global Quantum Networking Market, by IT & Telecom, 2019-2032 (USD Million)
- 6.7. Energy & Utilities
- 6.7.1. Global Quantum Networking Market, by Energy & Utilities, 2019-2032 (USD Million)
- 6.8. Manufacturing
- 6.8.1. Global Quantum Networking Market, by Manufacturing, 2019-2032 (USD Million)
- 6.9. Others
- 6.9.1 Global Quantum Networking Market, by Others, 2019-2032 (USD Million)
7. Global Quantum Networking Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 7.3. Secure Communication
- 7.3.1. Global Quantum Networking Market, by Secure Communication, by Region, 2019-2032 (USD Million)
- 7.4. Distributed Quantum Computing
- 7.4.1. Global Quantum Networking Market, by Distributed Quantum Computing, by Region, 2019-2032 (USD Million)
- 7.5. Quantum Sensing & Metrology
- 7.5.1. Global Quantum Networking Market, by Quantum Sensing & Metrology, by Region, 2019-2032 (USD Million)
- 7.6. Quantum Clock Synchronization
- 7.6.1. Global Quantum Networking Market, by Quantum Clock Synchronization, by Region, 2019-2032 (USD Million)
- 7.7. Secure Voting
- 7.7.1. Global Quantum Networking Market, by Secure Voting, by Region, 2019-2032 (USD Million)
- 7.8. Secure Financial Transaction
- 7.8.1. Global Quantum Networking Market, by Secure Financial Transaction, by Region, 2019-2032 (USD Million)
8. Global Quantum Networking Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Quantum Networking Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Quantum Networking Market - North America
- 8.3.1. North America: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.3.2. North America: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.3.3. North America: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Quantum Networking Market - U.S.
- 8.3.4.1. U.S.: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Quantum Networking Market - Canada
- 8.3.5.1. Canada: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.3.5.2. Canada: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4. Quantum Networking Market - Europe
- 8.4.1. Europe: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.2. Europe: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.3. Europe: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Quantum Networking Market - UK
- 8.4.4.1. UK: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.4.2. UK: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.4.3. UK: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Quantum Networking Market - France
- 8.4.5.1. France: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.5.2. France: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.5.3. France: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Quantum Networking Market - Germany
- 8.4.6.1. Germany: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.6.2. Germany: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Quantum Networking Market - Italy
- 8.4.7.1. Italy: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.7.2. Italy: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Quantum Networking Market - Spain
- 8.4.8.1. Spain: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.8.2. Spain: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Quantum Networking Market - Netherlands
- 8.4.9.1. Netherlands: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Quantum Networking Market - Russia
- 8.4.10.1. Russia: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.10.2. Russia: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.4.11. Quantum Networking Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.4.11.2. Rest of Europe: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.4.11.3. Rest of Europe: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5. Quantum Networking Market - Asia Pacific
- 8.5.1. Asia Pacific: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Quantum Networking Market - China
- 8.5.4.1. China: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.4.2. China: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.4.3. China: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Quantum Networking Market - India
- 8.5.5.1. India: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.5.2. India: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.5.3. India: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Quantum Networking Market - Malaysia
- 8.5.6.1. Malaysia: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Quantum Networking Market - Japan
- 8.5.7.1. Japan: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.7.2. Japan: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Quantum Networking Market - Indonesia
- 8.5.8.1. Indonesia: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Quantum Networking Market - South Korea
- 8.5.9.1. South Korea: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.9.2. South Korea: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.10. Quantum Networking Market - Australia
- 8.5.10.1. Australia: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.10.2. Australia: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.10.3. Australia: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.5.11. Quantum Networking Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.5.11.2. Rest of Asia Pacific: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.5.11.3. Rest of Asia Pacific: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6. Quantum Networking Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Quantum Networking Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Quantum Networking Market - UAE
- 8.6.5.1. UAE: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.5.2. UAE: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Quantum Networking Market - Israel
- 8.6.6.1. Israel: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.6.2. Israel: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Quantum Networking Market - South Africa
- 8.6.7.1. South Africa: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.7.2. South Africa: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.6.8. Quantum Networking Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.6.8.2. Rest of Middle East & Africa: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.6.8.3. Rest of Middle East & Africa: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.7. Quantum Networking Market - Latin America
- 8.7.1. Latin America: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.7.2. Latin America: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.7.3. Latin America: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Quantum Networking Market - Mexico
- 8.7.4.1. Mexico: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.7.4.2. Mexico: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Quantum Networking Market - Brazil
- 8.7.5.1. Brazil: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.7.5.2. Brazil: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Quantum Networking Market - Argentina
- 8.7.6.1. Argentina: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.7.6.2. Argentina: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Quantum Networking Market, by Application, 2019-2032 (USD Million)
- 8.7.7. Quantum Networking Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Quantum Networking Market, by Product, 2019-2032 (USD Million)
- 8.7.7.2. Rest of Latin America: Quantum Networking Market, by End-user Industry, 2019-2032 (USD Million)
- 8.7.7.3. Rest of Latin America: Quantum Networking Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. TOSHIBA CORPORATION
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Offering Benchmarking
- 10.1.4. Recent Development
- 10.2. QuantumCTek Co., Ltd
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Offering Benchmarking
- 10.2.4. Recent Development
- 10.3. HEQA Security
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Offering Benchmarking
- 10.3.4. Recent Development
- 10.4. Cisco Systems Inc.
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Offering Benchmarking
- 10.4.4. Recent Development
- 10.5. IBM
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Offering Benchmarking
- 10.5.4. Recent Development
- 10.6. MagiQ Technologies
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Offering Benchmarking
- 10.6.4. Recent Development
- 10.7. ID Quantique
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Offering Benchmarking
- 10.7.4. Recent Development
- 10.8. Terra Quantum
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Offering Benchmarking
- 10.8.4. Recent Development
- 10.9. Quantum Xchange
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Offering Benchmarking
- 10.9.4. Recent Development
- 10.10. Qunnect Inc.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Offering Benchmarking
- 10.10.4. Recent Development
- 10.11. Crypta Labs Limited
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Offering Benchmarking
- 10.11.4. Recent Development
- 10.12. Aliro Technologies, Inc.
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Offering Benchmarking
- 10.12.4. Recent Development
- 10.13. Qubitekk, Inc.
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Offering Benchmarking
- 10.13.4. Recent Development
- 10.14. Arqit
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Offering Benchmarking
- 10.14.4. Recent Development
- 10.15. Miraex
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Offering Benchmarking
- 10.15.4. Recent Development
- 10.16. Aegiq Ltd
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Offering Benchmarking
- 10.16.4. Recent Development
- 10.17. QuBalt GmbH
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Offering Benchmarking
- 10.17.4. Recent Development