Quantum technology has begun and will continue to result in the introduction of new products and services into the global marketplace - all of which have security implications.
It is likely that you have heard the word quantum circulating around the security environment, especially in the media. An Internet search on “quantum technology” will return more than 300 million results.
There are a substantial number of estimates, forecasts and projections about the quantum technology market. For this article I took a number of those figures and averaged them for some projections. Currently, overall financial market estimates of the four main quantum technologies covered here (computing, networking, security and sensors) are all in the billion dollar range. They are all projected to grow at a double-digit compound annual growth rate. As with most emerging technologies, there are few, if any, widely accepted standards, and that is the case when discussing quantum technology.