Present standards for encryption depend upon the incompetency of traditional computers to factor big numbers that serves as a basis of a number of popular cryptography methods. This further raises an entire new order for cyber security distress for the organizations, who may certainly find the paths of encrypted data cracked open at ease. Thus to address all these concerns, the National Institute of Standards and Technology (NIST) has proposed to find the novel standards within cryptographic algorithms that will likely not be vulnerable towards the attacks from quantum computers.
A number of tech giants including Google, Microsoft, IBM and Intel have been making huge investments within the extent, with various major governments ensuing suit.
Quantum Cryptography Market On A Global Scenario Was Valued At US$ 105.3 Mn In 2018 And Is Expected To Reach US$ 1,996.1 Mn By 2027 With A CAGR Growth Rate Of 39.2% In The Forecast Period From 2019 To 2027.
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The governments of different countries across the globe as well as various private organizations are significantly investing in cybersecurity. This is majorly attributed to secure critical data from unauthorized individuals while transferring. The enhanced security solutions offered by the market players including Quantum Key Distribution (QKD), virtual encryptor, quantum cryptography communication device and Quantum Random Number Generator (QRNG) among others facilitate in strongly encrypting critical data. This factor is attracting several governments and industries to invest in such advanced technology. Thus, the rising investment towards cybersecurity solutions is a key catalyzer for quantum cryptography market.
Key vendors engaged in the Quantum Cryptography market and covered in this report:
1. ID Quantique
2. Infineon Technologies
3. Magiq Technologies
6. Anhui Qasky Quantum Technology Co. Ltd.
8. Quintessence Labs
9. Qutools GmbH
10. Toshiba Corporation
The global quantum cryptography market by offering is bifurcated into solutions and services segment. The quantum cryptography developers offer robust technologies and services to their clients intended towards securing data from the quantum hacker. The offering segment in the quantum cryptography market includes solutions and services. The demand graph of quantum cryptography market is continually rising at a significant rate owing to the increase in the number of incidents involving data accessibility by unauthorized third parties.
The global quantum cryptography market by application was led by network security segment in 2018. In the quantum computing era, the quantum hacking plan includes divergence of the implementation from the ideal model to gather information regarding the secured key. Attributing to this, robust encryption of any network is essential. In the modern world, almost every company across sectors is emphasizing heavily on protecting respective networks from malicious activities. However, data breach incident occur frequently across the globe. Pertaining to the increasing incidents of data breach and cybercrime, the end-users are demanding enhanced encryption solutions. This is where quantum cryptography facilitates in protecting the networks. Since quantum cryptography uses two types of encryption: symmetric encryption and asymmetric encryption. These two types of encryption enhance the security scale much more as compared to the conventional encryption types, thereby, reducing the threat of data over a network.
Key points from Table of Content:
2. Key Takeways
3. Research Methodology
4. Quantum Cryptography Market Landscape
5. Quantum Cryptography Market – Key Market Dynamics
6. Quantum Cryptography Market – Global Market Analysis
7. Quantum Cryptography Market – Revenue And Forecasts To 2027 – Type
8. Quantum Cryptography Market – Revenue And Forecasts To 2027 – Technology
9. Quantum Cryptography Market – Revenue And Forecasts To 2027 – End User
10. Quantum Cryptography Market Revenue And Forecasts To 2027 – Geographical Analysis
11. Industry Landscape
12. Quantum Cryptography Market, Key Company Profiles
Scope of the study:
The research on the Quantum Cryptography market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Quantum Cryptography market on the basis of end user, product type, application, and demography for the forecast period 2020-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Quantum Cryptography market.
Quantum Cryptography Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
Major highlights of the report:
o All-inclusive evaluation of the parent market
o Evolution of significant market aspects
o Industry-wide investigation of market segments
o Assessment of market value and volume in past, present, and forecast years
o Evaluation of market share
o Study of niche industrial sectors
o Tactical approaches of market leaders
o Lucrative strategies to help companies strengthen their position in the market
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