Global Quantum Cryptography Market Overview:
Quantum cryptography is a technique for secret communication with ultimate security assurance of inviolability of a law of nature. It was invented by work of Stephen Wiesner and Gilles Brassard in early 1970. Modern Quantum cryptography encrypts the information at the network level in such a manner that one can never read by anyone other than the intended recipient. In the year 2004, the European Union showed interest to invest 11 Million Eur in the research and development of secure communication system based on this technology. The system is also known as SECOQC (secure communication based on Quantum Cryptography), a project that aims to develop quantum cryptography. The coordinator of SECOQC said that people and organizations in Austria, Belgium, the United Kingdom, Canada, the Czech Republic, Denmark, France, Germany, Italy, Russia, Sweden, and Switzerland would participate in the project. The quantum cryptography as a whole is expected to grow exponentially in the forecasted period owing to the rising number of cyber-attacks and increasing government initiatives for maintaining customer data security. Some of the key players profiled in the study are International Business Machines Corporation (United States), ID Quantique (Switzerland), QuintessenceLabs (Australia), Microsoft Corporation (United States), NuCrypt (United States), MagiQ Technologies (United States), Qasky (China), Mitsubishi Electric (Japan), Qubitekk (United States), HP (United States), NEC (Japan), Toshiba (Japan), Post-Quantum (United Kingdom), Crypta Labs (United Kingdom), ISARA (Canada), QuNu Labs (India) and QuantumCTek (China).
On the basis of geography, the market of Quantum Cryptography has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical , the sub-segment i.e. Banking, Financial Services, and Insurance (BFSI) will boost the Quantum Cryptography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Security Type, the sub-segment i.e. Application Security will boost the Quantum Cryptography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Quantum Cryptography market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Cyberattack Incidents
- Growing Demand for Security for IoT and Cloud Technologies
- Increased Investment in Cybersecurity
- Technological Advancement in Next-Generation Wireless Network Technologies
- High Cost of Implementation
- Stringent Government Rules and Regulations
- Rising Usage of Quantum Cryptography to Protect Mobile Transactions
Target Audience:Quantum Cryptography Component Manufacturers, Original Equipment Manufacturers (OEMs) Of Quantum Computers, Original Device Manufacturers (ODMs), Assembly, Testing, & Packaging Vendors, Distributors and Traders, Research Organizations and Organizations, Forums, Alliances, & Associations Related To Quantum Cryptography
Major Objectives Focused through this Study To define, describe, and forecast the Global Quantum Cryptography market on the basis of product  , application [Data Base Encryption, Network Layer Encryption, Application Security and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Quantum Cryptography market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Quantum Cryptography industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Quantum Xchange (United States), Aurea Technologies (France), qutools (Germany) and Infineon (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Quantum Cryptography market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.