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Quantum Communication Market Worth $5.54 Billion by 2030- Exclusive Report by MarketsandMarkets

PR Newswire ·  Nov 4 10:01

DELRAY BEACH, Fla., Nov. 4, 2024 /PRNewswire/ -- The global Quantum Communication Market size is projected to grow from USD 0.74 billion in 2024 to USD 5.54 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 39.6% during the forecast period, according to a new report by MarketsandMarkets. Increasing investment in research and development (R&D) from both public and private sectors reflects the strategic importance of quantum technologies. Initiatives like the U.S. National Quantum Initiative and the European Quantum Flagship program focus on advancing quantum communication. Also, the U.S. National Science Foundation is investing USD 39 million in the ExpandQISE program to enhance quantum research at various institutions across America. Hence, this heightened focus on R&D is propelling the adoption of quantum communication solutions across various industries, including telecommunications and finance.

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