The rate of technological development seen in the domain of quantum communications is remarkable. The technology is in many cases still taking its first steps out of the comfort of academic circles, but this is quickly changing, both terrestrially and in space on a global scale. Indeed, things are moving quickly and NSR’s Quantum Communications.
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..
Just published is NSR’s Quantum Communications via Satellite (QCvS) Report that finds the potential to deliver unlimited security boosting satellite-based quantum communications to a revenue opportunity of $2.6 billion by 2030. The segment is surpassing expectations, with global investments of $20 billion in quantum related technologies. Leveraging optical/laser terminals advancement towards its own growth, increased Optical adoption.
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.