New CIR Report says Quantum Internet to Generate $3.7 Billion (USD) by 2023

Charlottesville, Virginia:  The “Quantum Internet” utilizing the latest quantum information technology is quickly becoming reality and will generate US $3.7 Billion in equipment and service revenues by 2023.  This is according to “Quantum Networking:  Deployments, Components and Opportunities – 2017-2026,” a new report from Communications Industry Researchers, Inc. (CIR), an optical networking industry analyst firm.  The report says quantum networking commercialization will lead to opportunities in encryption key distribution, secure mobile payment systems, quantum sensors for the Internet-of-Things, networked atomic clocks, and networked quantum computers.

Details about the report including a table of contents and downloadable excerpt are at:

About the report:

For two decades, major research institutions have run quantum network trials focused on quantum entanglement and single photon generation. We are at a point where permanent quantum networks are being built to support enhanced security for data centers and mobile communications and to expand the capabilities of the Internet-of-Things (IoT) and of enterprise computing.  This report identifies the business potential of such quantum networks. This report includes:

  • An analysis of all leading quantum networks including the massive satellite and fiber optic networks in China, along with the latest efforts in the quantum networking space from AT&T, BT, NTT and SK Telecom in Europe and Asia
  • A discussion of the ongoing R&D essential to commercial success for quantum networks. We examine quantum repeaters, quantum memories, and photon detectors along with the protocols and networking architectures being developed for quantum networking. Coverage of the novel materials need to fabricate the latest quantum devices is also provided
  • An examination of the use cases for quantum network applications including network security, ultra-sensitive sensor networks, network clocking and distributed quantum computing.
  • Profiles of the leading companies active in building today’s quantum networks. In addition to the carriers mentioned above, these include of D-Wave, Google, IBM, IDQ, MagiQ, Nokia, Nucrypt, Qubitekk, Quintessance, Raytheon, SecureNet, Toshiba, Vencore Labs, and ZTE
  • Ten-year (volume and value) forecasts of quantum network markets, with breakouts by technologies used, applications served and geography.  These forecasts were developed taking into consideration the latest trends in data security, high-performance computing, network clocking and sensor networks

This report is essential reading for marketers, business development executives and product managers in data communications and telecommunications, optical components, data security, high-performance/quantum computing and the sensors and satellite industries.

From the report:

  • With credit card fraud predicted to reach almost $32 billion worldwide by 2020, credit card networks using quantum encryption represent a huge opportunity.  By 2023, expenditures on quantum-based mobile payment networks will reach almost $2.0 billion. They will be enabled by new quantum-security chips being developed by several firms, notably Nokia.
  • By 2023 expenditures on networked quantum sensors are expected to reach $150 million.  One high-potential application here is GPS-free global navigation. Autonomous vehicles will need accurate and immediately awareness of changes in their environment. Quantum sensors in on-board car networks can assist here — Bosch, the world’s largest auto component manufacturer is examining the use of quantum sensors for this application. Networked gravity sensors can lessen the need for test bore holes in the oil and gas industry — Schlumberger is known to have an interest in this application.
  • The quantum networking business is being pump primed by major government- funding for quantum networking. The biggest such project is in China where there is already a national quantum technology network designed in part to build a national quantum technology industry. The European Union (EU) will begin a €1-billion “flagship” project in 2018 that will help fund European start-ups in quantum communications and computing. The UK government has established the UK National Quantum Technologies Programme (UKNQTP) with £270 million.  Among the firms that will be beneficiaries of this UK program are Airbus, BT, Google, Lockheed Martin, and Raytheon, and a slew of smaller firms

About CIR:

Communications Industry Researchers (CIR) has published hype-free industry analysis for the optical networking and photonics for more than 25 years.   Our reports contain the most authoritative market forecast and technology assessment available.

Visit for a full listing of CIR’s reports and other services.

Robert Nolan
Tel: 804-938-0030

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