Summary

The global Quantum Key Distribution (QKD) market size is projected to grow from USD 0.48 billion in 2024 to USD 2.63 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 32.6% during the forecast period. A key driver of the QKD market is the growing deployment of quantum communication in satellite-based networks. As space-based communication networks expand, the need for highly secure transmission of data between satellites and ground stations is becoming critical. QKD's ability to offer unbreakable encryption makes it ideal for securing satellite communications, especially for defense and national security applications. This development is opening new avenues for QKD adoption, particularly in space and aerospace sectors, driving market growth.
"By vertical, the healthcare segment accounts for the highest CAGR during the forecast period."
The healthcare industry is expected to witness a high growth rate in the QKD market. This growth is driven by the increasing need for secure communication to protect sensitive medical data, the rising adoption of telemedicine, and the growing integration of advanced technologies in healthcare systems. The sector's focus on safeguarding patient privacy and ensuring data integrity in an era of cyber threats further accelerates the adoption of QKD solutions.
"By region, the North America accounts for a larger market share."
North America is anticipated to hold a significant share of the QKD market due to substantial investments in quantum research, robust government backing, and the presence of leading tech firms. The region's emphasis on building secure communication networks for commercial, scientific, and space applications, coupled with collaborations between quantum technology providers, is driving QKD adoption. For example, Toshiba America has partnered with Safe Quantum in the space of quantum key distribution (QKD). Furthermore, initiatives like the U.S. National Quantum Initiative and partnerships with the aerospace and telecom sectors reinforce North America's leadership in the QKD market.

Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level – 45%, Directors – 35%, and Managers – 20%
• By Region: North America – 55%, Europe – 25%, Asia Pacific – 15%, RoW – 5%
The key players in the QKD market include are Toshiba (Japan), ID Quantique (Switzerland), Quintessence Labs (Australia), QuantumCtek (China), HEQA Security (Israel), MagiQ Technologies (US), LuxQuanta (Spain), Kloch (US), S-Fifteen Instruments (Singapore), Telsy (Italy), and others.
The study includes an in-depth competitive analysis of the key players in the QKD market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the QKD market and forecasts its size by Offering [Solution (Discrete-Variable QKD and Continuous-Variable QKD) and Services (Professional Services (Consulting & Training, Integration & Deployment, and Support & Maintenance) and Managed Services)], Type (Multiplexed QKD Systems and Long-Distance QKD Systems), Transmission Medium (Fiber-Optic Cable Transmission and Satellite-Based Transmission), Application (Network Security, Data Encryption, Secure Communication, and other applications), Organization Size (Large Enterprises and SMEs), Vertical (BFSI, Government & Defense, IT & ITeS, Healthcare, Energy and Utilities, Automotive, and Other Verticals), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall QKD market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (rising harvest now, decrypt later attacks, increasing investments in R&D, advancements in quantum communication infrastructure, and advancements in quantum computing), restraints (high implementation costs and lack of standardization), opportunities (expansion into 5G and IoT network and satellite-based quantum communication), and challenges (scalability issues and technological complexity)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the QKD market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the QKD market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the QKD market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Toshiba (Japan), ID Quantique (Switzerland), QuintessenceLabs (Australia), MagiQ Technologies (US), QuantumCTek (China), LuxQuanta (Spain), Kloch (US), HEQA Security (Israel), QNu Labs (India), PacketLight Networks (Israel), KETS Quantum Security (UK), QEYnet (Canada), ThinkQuantum (Italy), KEEQuant (Germany), SpeQtral (Singapore), Qudoor (China), QTI (Italy), S-Fifteen Instruments (Singapore), C-DOT (India), Qbitonix Technologies (India), Telsy (Italy), Quantum Blockchains (Poland), LevelQuantum (Italy), Quantum Technology Laboratories (Austria), Quantum Industries (Austria), and Quantum Optic Jena (Germany) among others, in the QKD market strategies.

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Table of Contents

1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 37
1.2.1 INCLUSIONS AND EXCLUSIONS 38
1.3 STUDY SCOPE 39
1.3.1 MARKET SEGMENTATION AND REGIONS COVERED 39
1.3.2 YEARS CONSIDERED 40
1.4 CURRENCY CONSIDERED 40
1.5 STAKEHOLDERS 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
2.1.1 SECONDARY DATA 43
2.1.2 PRIMARY DATA 44
2.1.2.1 Breakup of primaries 44
2.1.2.2 Key industry insights 45
2.2 DATA TRIANGULATION 46
2.3 MARKET SIZE ESTIMATION 46
2.3.1 TOP-DOWN APPROACH 47
2.3.2 BOTTOM-UP APPROACH 49
2.4 MARKET FORECAST 50
2.5 ASSUMPTIONS 51
2.6 RESEARCH LIMITATIONS 52
3 EXECUTIVE SUMMARY 53
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR QUANTUM KEY DISTRIBUTION MARKET PLAYERS 56
4.2 QUANTUM KEY DISTRIBUTION MARKET, BY OFFERING 57
4.3 QUANTUM KEY DISTRIBUTION MARKET, BY SOLUTION 57
4.4 QUANTUM KEY DISTRIBUTION MARKET, BY SERVICE 58
4.5 QUANTUM KEY DISTRIBUTION MARKET, BY PROFESSIONAL SERVICE 58
4.6 QUANTUM KEY DISTRIBUTION MARKET, BY TYPE 59
4.7 QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM 59
4.8 QUANTUM KEY DISTRIBUTION MARKET, BY APPLICATION 60
4.9 QUANTUM KEY DISTRIBUTION MARKET, BY ORGANIZATION SIZE 60
4.10 QUANTUM KEY DISTRIBUTION MARKET, BY VERTICAL, 2024–2030 61
4.11 MARKET INVESTMENT SCENARIO 61
5 MARKET OVERVIEW AND INDUSTRY TRENDS 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
5.2.1 DRIVERS 63
5.2.1.1 Rise in ‘harvest now, decrypt later’ (HNDL) attacks 63
5.2.1.2 Increase in investments in R&D by prominent players 63
5.2.1.3 Advancements in quantum communication infrastructure 64
5.2.1.4 Advancements in quantum computing 64
5.2.2 RESTRAINTS 65
5.2.2.1 High implementation costs 65
5.2.2.2 Lack of standardization 65
5.2.3 OPPORTUNITIES 66
5.2.3.1 Expansion into 5G, IoT networks, and satellite-based
quantum communication 66
5.2.3.2 Rise in demand for data security 66
5.2.4 CHALLENGES 66
5.2.4.1 Scalability issues 66
5.2.4.2 Technological complexity 67
5.3 CASE STUDY ANALYSIS 67
5.3.1 SECURING CRITICAL LINK BETWEEN FRONT OFFICE AND BACK OFFICE OPERATIONS OF MAJOR FINANCIAL INSTITUTIONS 67
5.3.2 QUINTESSENCELABS’ CRYPTO GATEWAY SOLUTION ENABLED HIGH-SECURITY AND LOW-COST CLOUD STORAGE FOR FINANCIAL INSTITUTION 68
5.3.3 SK BROADBAND AND IDQ IMPLEMENTED END-TO-END QUANTUM CRYPTOGRAPHY SOLUTIONS FOR SOUTH KOREAN GOVERNMENT 69
5.4 VALUE CHAIN ANALYSIS 70
5.4.1 PLANNING & DESIGNING 70
5.4.2 QUANTUM KEY DISTRIBUTION PROVIDERS 70
5.4.3 SYSTEM INTEGRATION 70
5.4.4 DISTRIBUTORS/RESELLERS/VARS 71
5.4.5 END USERS 71
5.5 ECOSYSTEM ANALYSIS 71
5.6 IMPACT OF GENERATIVE AI ON QKD MARKET 73
5.6.1 GENERATIVE AI 73
5.6.2 TOP USE CASES AND MARKET POTENTIAL IN QKD MARKET 73
5.6.3 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 75
5.6.3.1 Quantum computing 76
5.6.3.2 Blockchain technology 76
5.6.3.3 Cloud security 76
5.6.3.4 Post-quantum cryptography 76
5.6.3.5 Artificial intelligence (AI) & machine learning (ML) 76
 
5.7 PORTER’S FIVE FORCES ANALYSIS 77
5.7.1 THREAT OF NEW ENTRANTS 78
5.7.2 BARGAINING POWER OF SUPPLIERS 78
5.7.3 BARGAINING POWER OF BUYERS 78
5.7.4 THREAT OF SUBSTITUTES 79
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.8 PRICING ANALYSIS 80
5.8.1 AVERAGE SELLING PRICE OF QUANTUM KEY DISTRIBUTION SOLUTIONS,
BY KEY PLAYER, 2024 80
5.8.2 INDICATIVE PRICING ANALYSIS, BY SOLUTION, 2024 81
5.8.3 KEY TECHNOLOGIES 81
5.8.3.1 Quantum cryptography 81
5.8.3.2 Quantum entanglement 81
5.8.3.3 Quantum channels 82
5.8.3.4 Photon detectors 82
5.8.4 COMPLEMENTARY TECHNOLOGIES 82
5.8.4.1 Quantum repeaters 82
5.8.4.2 Quantum key management systems (KMS) 82
5.8.5 ADJACENT TECHNOLOGIES 83
5.8.5.1 AI/ML 83
5.8.5.2 Post-quantum cryptography (PQC) 83
5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 83
5.10 PATENT ANALYSIS 84
5.11 TRADE ANALYSIS 88
5.11.1 IMPORT DATA 88
5.11.2 EXPORT DATA 90
5.12 TARIFF AND REGULATORY LANDSCAPE 91
5.12.1 TARIFF RELATED TO QUANTUM KEY DISTRIBUTION PRODUCTS 91
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 92
5.12.3 KEY REGULATIONS 96
5.12.3.1 Payment Card Industry Data Security Standard (PCI–DSS) 96
5.12.3.2 Health Insurance Portability and Accountability Act (HIPAA) 96
5.12.3.3 Federal Information Security Management Act (FISMA) 96
5.12.3.4 Gramm-Leach-Bliley Act (GLBA) 96
5.12.3.5 Sarbanes-Oxley Act (SOX) 97
5.12.3.6 International Organization for Standardization (ISO) Standard 27001 97
5.12.3.7 European Union General Data Protection Regulation (EU GDPR) 97
5.12.3.8 California’s Privacy Rights Act (CPRA) 97
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 98
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 98
5.13.2 BUYING CRITERIA 99
5.14 KEY CONFERENCES & EVENTS, 2025–2026 100
5.15 INVESTMENT AND FUNDING SCENARIO 101
6 QUANTUM KEY DISTRIBUTION MARKET, BY OFFERING 102
6.1 INTRODUCTION 103
6.1.1 OFFERING: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 104
6.2 SOLUTIONS 104
6.2.1 ENHANCING DATA SECURITY THROUGH QKD ADOPTION TO DRIVE MARKET 104
6.2.2 DISCRETE-VARIABLE QKD (DV-QKD) 106
6.2.3 CONTINUOUS-VARIABLE QKD (CV-QKD) 107
6.3 SERVICES 109
6.3.1 PROFESSIONAL SERVICES 110
6.3.1.1 Demand from companies transitioning to quantum-safe technologies to drive market 110
6.3.1.2 Consulting & training 112
6.3.1.3 Integration & deployment 113
6.3.1.4 Support & maintenance 114
6.3.2 MANAGED SERVICES 115
6.3.2.1 Rise in demand due to increased risk of cyberattacks to boost market 115
7 QUANTUM KEY DISTRIBUTION MARKET, BY TYPE 117
7.1 INTRODUCTION 118
7.1.1 TYPE: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 119
7.2 MULTIPLEXED QKD SYSTEMS 119
7.2.1 RISE IN DEMAND FOR SECURE, HIGH-BANDWIDTH COMMUNICATION SOLUTIONS TO DRIVE MARKET 119
7.3 LONG-DISTANCE QKD SYSTEMS 120
7.3.1 DEMAND FOR LONG-RANGE, SECURE COMMUNICATION NETWORKS
TO FUEL MARKET 120
8 QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM 122
8.1 INTRODUCTION 123
8.1.1 TRANSMISSION MEDIUM: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 124
8.2 FIBER-OPTIC CABLE TRANSMISSION 124
8.2.1 HIGH SECURITY AND SCALABILITY FOR URBAN AND SHORT-RANGE APPLICATIONS TO PROPEL MARKET 124
8.3 SATELLITE-BASED TRANSMISSION 125
8.3.1 PROVISION OF SECURE COMMUNICATION ACROSS THOUSANDS OF
MILES TO FUEL DEMAND 125
9 QUANTUM KEY DISTRIBUTION MARKET, BY ORGANIZATION SIZE 127
9.1 INTRODUCTION 128
9.1.1 ORGANIZATION SIZE: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 129
 
9.2 SMES 129
9.2.1 DEMAND FOR ENHANCED SECURITY FOR SMES TO DRIVE MARKET 129
9.3 LARGE ENTERPRISES 130
9.3.1 RISE IN ADOPTION TO SAFEGUARD VAST, SENSITIVE, GLOBALLY DISPERSED COMMUNICATION NETWORKS 130
10 QUANTUM KEY DISTRIBUTION MARKET, BY APPLICATION 132
10.1 INTRODUCTION 133
10.1.1 APPLICATION: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 134
10.2 NETWORK SECURITY 134
10.2.1 INCREASED PROTECTION AGAINST CYBER THREATS TO DRIVE MARKET 134
10.3 DATA ENCRYPTION 135
10.3.1 CRUCIAL FOR INDUSTRIES HANDLING HIGHLY SENSITIVE INFORMATION, SUCH AS GOVERNMENT AGENCIES, FINANCIAL INSTITUTIONS 135
10.4 SECURE COMMUNICATION 136
10.4.1 NEED TO STAY RESILIENT AGAINST UNAUTHORIZED ACCESS, MAINTAINING CONFIDENTIALITY AND INTEGRITY OF DATA TO FUEL GROWTH 136
10.4.2 FREE-SPACE/SATELLITE COMMUNICATION 137
10.4.3 FIBER-OPTIC COMMUNICATION 138
10.4.4 MOBILE COMMUNICATION 138
10.4.5 OTHER SECURE COMMUNICATION APPLICATIONS 138
10.5 OTHER APPLICATIONS 138
11 QUANTUM KEY DISTRIBUTION MARKET, BY VERTICAL 140
11.1 INTRODUCTION 141
11.1.1 VERTICAL: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 142
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 143
11.2.1 NEED TO STRENGTHEN FINANCIAL DATA SECURITY TO DRIVE SEGMENT 143
11.3 GOVERNMENT & DEFENSE 144
11.3.1 NEED TO PROTECT CRITICAL INFORMATION FROM HACKERS
TO FUEL ADOPTION 144
11.4 HEALTHCARE 145
11.4.1 NEED TO PROTECT PATIENT DATA WITH ADVANCED ENCRYPTION TO SEGMENT 145
11.5 IT & ITES 146
11.5.1 CRITICAL NEED TO SECURE DATA IN INCREASINGLY DIGITAL WORLD 146
11.6 AUTOMOTIVE 147
11.6.1 DEMAND FOR ENSURED SAFETY AND SECURITY IN CONNECTED VEHICLES TO DRIVE ADOPTION 147
11.7 ENERGY & UTILITIES 148
11.7.1 SECURING CRITICAL INFRASTRUCTURE WITH INCREASING CYBERATTACKS 148
11.8 OTHER VERTICALS 149
 
12 QUANTUM KEY DISTRIBUTION MARKET, BY REGION 151
12.1 INTRODUCTION 152
12.2 NORTH AMERICA 153
12.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK 153
12.2.2 NORTH AMERICA: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 154
12.2.3 US 160
12.2.3.1 Strategic government initiatives and innovations from US-based companies to fuel market 160
12.2.4 CANADA 165
12.2.4.1 Advancing quantum technologies through strategic investments, collaborations, and leadership in innovation 165
12.3 EUROPE 170
12.3.1 EUROPE: MACROECONOMIC OUTLOOK 171
12.3.2 EUROPE: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 171
12.3.3 UK 178
12.3.3.1 Strategic push through investments and research initiatives through large players and institutions 178
12.3.4 GERMANY 183
12.3.4.1 Advancements in quantum communication through initiatives such as SQuaD project 183
12.3.5 FRANCE 188
12.3.5.1 Strong governmental initiatives with emphasis on national quantum communication infrastructure and collaboration with academia 188
12.3.6 ITALY 193
12.3.6.1 Drive for QKD leadership through National Plan for Quantum Technologies; key Italian research institutions at forefront of R&D 193
12.3.7 REST OF EUROPE 198
12.4 ASIA PACIFIC 203
12.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK 204
12.4.2 ASIA PACIFIC: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 204
12.4.3 CHINA 210
12.4.3.1 Establishing global leadership in QKD adoption 210
12.4.4 JAPAN 215
12.4.4.1 Home to largest players in market; advancing secure communication initiatives supporting National Institute of Information and Communications Technology 215
12.4.5 INDIA 220
12.4.5.1 Fostering development through initiatives such as National
Mission on Quantum Technologies and Applications and bodies
such as DRDO 220
12.4.6 REST OF ASIA PACIFIC 225
12.5 MIDDLE EAST & AFRICA 230
12.5.1 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK 231
12.5.2 MIDDLE EAST & AFRICA: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 231
 
12.5.3 GCC COUNTRIES 237
12.5.3.1 UAE 242
12.5.3.1.1 Increase in quantum technology developments
across sectors 242
12.5.3.2 KSA 242
12.5.3.2.1 Advancing quantum technology for secure and
sustainable growth 242
12.5.3.3 Rest of GCC Countries 243
12.5.4 SOUTH AFRICA 243
12.5.4.1 Strengthening cybersecurity with quantum technology advancements such as investing in developing post-quantum cryptography solutions 243
12.5.5 REST OF THE MIDDLE EAST & AFRICA 248
12.6 LATIN AMERICA 253
12.6.1 LATIN AMERICA: MACROECONOMIC OUTLOOK 254
12.6.2 LATIN AMERICA: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 254
12.6.3 BRAZIL 259
12.6.3.1 Government investment in quantum technologies in Brazil 259
12.6.4 MEXICO 260
12.6.4.1 Fostering QKD growth through innovation and collaborative
research in Mexico 260
12.6.5 REST OF LATIN AMERICA 260
13 COMPETITIVE LANDSCAPE 261
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 261
13.2 REVENUE ANALYSIS, 2019–2023 263
13.3 MARKET SHARE ANALYSIS, 2023 264
13.4 BRAND COMPARISON 267
13.4.1 TOSHIBA 268
13.4.2 PACKETLIGHT NETWORKS 268
13.4.3 ID QUANTIQUE 268
13.4.4 QUINTESSENCELABS 268
13.4.5 MAGIQ TECHNOLOGIES 268
13.5 COMPANY VALUATION AND FINANCIAL METRICS 269
13.5.1 COMPANY VALUATION 269
13.5.2 FINANCIAL METRICS USING EV/EBIDTA 269
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 269
13.6.1 STARS 270
13.6.2 EMERGING LEADERS 270
13.6.3 PERVASIVE PLAYERS 270
13.6.4 PARTICIPANTS 270
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 272
13.6.5.1 Company footprint 272
13.6.5.2 Offering footprint 272
13.6.5.3 Application footprint 273
13.6.5.4 Vertical footprint 273
13.6.5.5 Regional footprint 274
13.7 COMPANY EVALUATION MATRIX: STARTUPS, 2023 274
13.7.1 PROGRESSIVE COMPANIES 275
13.7.2 RESPONSIVE COMPANIES 275
13.7.3 DYNAMIC COMPANIES 275
13.7.4 STARTING BLOCKS 275
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 277
13.7.5.1 Detailed list of key startups/SMEs 277
13.7.5.2 Competitive benchmarking of key startups 279
13.8 COMPETITIVE SCENARIO 283
13.8.1 PRODUCT LAUNCHES & ENHANCEMENTS 283
13.8.2 DEALS 284
14 COMPANY PROFILES 286
14.1 KEY PLAYERS 286
14.1.1 TOSHIBA CORPORATION 286
14.1.1.1 Business overview 286
14.1.1.2 Products/Solutions/Services offered 287
14.1.1.3 Recent developments 288
14.1.1.3.1 Deals 288
14.1.1.4 MnM view 289
14.1.1.4.1 Key strengths 289
14.1.1.4.2 Strategic choices 289
14.1.1.4.3 Weaknesses and competitive threats 289
14.1.2 PACKETLIGHT NETWORKS 290
14.1.2.1 Business overview 290
14.1.2.2 Products/Solutions/Services offered 290
14.1.2.3 Recent developments 291
14.1.2.3.1 Deals 291
14.1.2.4 MnM view 291
14.1.2.4.1 Key strengths 291
14.1.2.4.2 Strategic choices 291
14.1.2.4.3 Weaknesses and competitive threats 292
14.1.3 ID QUANTIQUE 293
14.1.3.1 Business overview 293
14.1.3.2 Products/Solutions/Services offered 293
14.1.3.3 Recent developments 294
14.1.3.3.1 Product launches and enhancements 294
14.1.3.3.2 Deals 295
 
14.1.3.4 MnM view 295
14.1.3.4.1 Key strengths 295
14.1.3.4.2 Strategic choices 295
14.1.3.4.3 Weaknesses and competitive threats 295
14.1.4 QUINTESSENCELABS 296
14.1.4.1 Business overview 296
14.1.4.2 Products/Solutions/Services offered 296
14.1.4.3 MnM view 297
14.1.4.3.1 Key strengths 297
14.1.4.3.2 Strategic choices 297
14.1.4.3.3 Weaknesses and competitive threats 297
14.1.5 MAGIQ TECHNOLOGIES 298
14.1.5.1 Business overview 298
14.1.5.2 Products/Solutions/Services offered 298
14.1.5.3 MnM view 299
14.1.5.3.1 Key strengths 299
14.1.5.3.2 Strategic choices 299
14.1.5.3.3 Weaknesses and competitive threats 299
14.1.6 QUANTUMCTEK 300
14.1.6.1 Business overview 300
14.1.6.2 Products/Solutions/Services offered 300
14.1.7 LUXQUANTA 302
14.1.7.1 Business overview 302
14.1.7.2 Products/Solutions/Services offered 302
14.1.7.3 Recent developments 303
14.1.7.3.1 Product launches and enhancements 303
14.1.7.3.2 Deals 303
14.1.8 KLOCH 304
14.1.8.1 Business overview 304
14.1.8.2 Products/Solutions/Services offered 305
14.1.9 CENTRE FOR DEVELOPMENT OF TELEMATICS (C-DOT) 306
14.1.9.1 Business overview 306
14.1.9.2 Products/Solutions/Services offered 306
14.1.9.3 Recent developments 307
14.1.9.3.1 Deals 307
14.1.10 TELSY 308
14.1.10.1 Business overview 308
14.1.10.2 Products/Solutions/Services offered 308
14.1.10.3 Recent developments 309
14.1.10.3.1 Deals 309
 
14.1.11 HEQA SECURITY 310
14.1.11.1 Business overview 310
14.1.11.2 Products/Solutions/Services offered 311
14.1.11.3 Recent developments 311
14.1.11.3.1 Deals 311
14.2 OTHER KEY PLAYERS 312
14.2.1 KETS QUANTUM SECURITY 312
14.2.2 S-FIFTEEN INSTRUMENTS 313
14.2.3 QEYNET 314
14.2.4 QNU LABS 315
14.2.5 SPEQTRAL 316
14.2.6 QTI QUANTUM TELECOMMUNICATIONS ITALY 317
14.2.7 KEEQUANT 318
14.2.8 THINKQUANTUM 319
14.2.9 QIKE QUANTUM 320
14.2.10 QBITONIX TECHNOLOGIES 321
14.2.11 QUANTUM BLOCKCHAINS 322
14.2.12 QUANTUM INDUSTRIES 323
14.2.13 LEVELQUANTUM 323
14.2.14 QUANTUM TECHNOLOGIES LABORATORIES (QTLABS) 324
14.2.15 QUANTUM OPTICS JENA 325
15 ADJACENT MARKETS 326
15.1 INTRODUCTION TO ADJACENT MARKETS 326
15.1.1 LIMITATIONS 326
15.2 QUANTUM CRYPTOGRAPHY MARKET 326
15.3 QUANTUM COMMUNICATION MARKET 331
16 APPENDIX 335
16.1 DISCUSSION GUIDE 335
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 339
16.3 CUSTOMIZATION OPTIONS 341
16.4 RELATED REPORTS 341
16.5 AUTHOR DETAILS 342