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Quantum Communication Market Set to Soar to $14.9B by 2035

2/21/2025

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Summary

Story summary

Quantum communication is on the rise, becoming essential in the fight against quantum computing threats to cybersecurity. With a market value of $0.9-$1.0 billion in 2023, projections suggest it could soar to $10.5-$14.9 billion by 2035. Both governments and private sectors are racing to safeguard data and communications in anticipation of Q-Day.

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Story summary

Quantum communication is on the rise, becoming essential in the fight against quantum computing threats to cybersecurity. With a market value of $0.9-$1.0 billion in 2023, projections suggest it could soar to $10.5-$14.9 billion by 2035. Both governments and private sectors are racing to safeguard data and communications in anticipation of Q-Day.