“Security is a prime component for both ground segment and satellites at the moment,” pointing to the satellites in development that are leveraging quantum computing to protect communications networks. “In the current state of the market, players are aiming to prove technology via the traditional means of building an ecosystem with key players and user.
Demand for cybersecurity-oriented quantum communications will reach $2.6 billion by 2030, with key customers in government, military, banking and energy. “We believe there will be a markup” for quantum communications, Northern Sky Research (NSR) consultant Arthur Van Eeckhout told Connectivity Business, as some customers will be willing to pay for the most secure communications. NSR.
Quantum communications, a niche application of quantum computing, involves using entangled light particles, photons, to securely transfer information. Today, Chinese citizens are the first in line to benefit from space-enabled quantum communication services. In response, Europe and North America have taken steps to ensure their citizens too may benefit from this advanced level of security..
NSR’s Quantum Communications via Satellite (QCvS) Report, launched today, finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of $2.6 Billion by 2030 with Banking, Energy, and Gov/ Mil as the primary target markets for services adoption.
New NSR Report Sees Global Security Concerns Driving Force in Satellite-Based Quantum Communications Opportunities Cambridge, MA – NSR’s Quantum Communications via Satellite (QCvS) Report, launched today, finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of $2.6 Billion by 2030 with Banking, Energy, and Gov/ Mil as the primary target markets.