Quantum Key Distribution Market — Technological Growth Map Over Time To Understa

Posted by RASHMI on May 8th, 2019

Quantum key distribution (QKD) is an encryption technology used for communication, which implements a cryptographic protocol including components of quantum mechanics. QKD allows two parties to generate a shared secret key, which only the two communicating parties know, and can later be used to encrypt and decrypt messages. This leads to unbreakable data transmission. QKD was experimental and essentially for military or government use.  However, as per the recent studies in the field of quantum mechanics, the quantum key distribution (QKD) market is expected to expand from government sponsored projects and financial institutions to large data centers.

The ability of two users who are communicating to discover the existence of a third party (if any) trying to get information of the key, is one of the most essential and exclusive properties of quantum key distribution. This is made possible through a fundamental characteristic of quantum mechanics, i.e. the process of evaluating a quantum system, disrupts the entire system. Thus introducing detectable irregularities when a third party tries to interfere on the key.

The global quantum key distribution (QKD) market can be classified based on product type, service type, enterprise size, end-use industry, and region. In terms of product type, the market can be segmented into standard multilayer, rigid 1-2 sided, IC substrate, flexible circuits, and rigid flex. Based on service type, the global quantum key distribution (QKD) market can be bifurcated into professional services and managed services. The professional services segment of the market can sub-segmented into consulting, integration & implementation, and support services. In terms of enterprise size, the quantum key distribution (QKD) market can be divided into small, medium, and large.

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The enterprise size has been categorized base on the strength of employees in an enterprise; for instance, enterprises with less than 250 employees are classified as small enterprises, enterprises with an employee strength between 250 and 500 are in medium enterprises, and enterprises with more than 500 employees are termed as large enterprises in the quantum key distribution (QKD) market. In terms of end-use industry, the market can be classified into government & defense; IT & telecommunication; banking, financial services & insurance (BFSI); and others.