McKinsey’s pushed its latest report on 21/2/2025 with the title Quantum Communication: Trends and Outlook – Market Perspectives and Impact of Quantum Technology for Communications and Computing. The report examines the increasing investment in quantum communication technologies, driven by the rising demand for advanced cybersecurity and quantum computing solutions. Quantum communication is gaining momentum due to its potential to enhance security by protecting networks from quantum computing-based decryption threats. Additionally, it plays a crucial role in building infrastructure for scalable, fault-tolerant quantum computers.
Key applications include quantum key distribution for secure communications (which can be combined with post-quantum cryptography), local quantum networks for modular quantum computing, and global networks for distributed quantum computing.
McKinsey estimates that the quantum communication market in 2023 was valued between $0.9 billion and $1.0 billion, while the market could reach $10.5 billion to $14.9 billion by 2035.
The quantum communication market is rapidly growing, fueled by cybersecurity concerns, increasing demand for quantum networking, and public and private investments. The rise of quantum computing accelerates the need for secure communication solutions, especially ahead of “Q-Day”—when quantum computers may break classical encryption. Governments are leading investments, but private sectors like telecom and finance are also showing interest. To stay ahead, organizations should assess cybersecurity risks and explore opportunities in the quantum communication market.
