Quantum Cryptography Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies

Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Quantum Cryptography Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 19.1% during the review period (2022 to 2027).

Quantum Cryptography Market Overview

The factors that are expected to drive the market for quantum cryptography are increasing cybersecurity funding, evolving next-generation wireless network technologies, the growing incidents of cyber-attacks in the era of digitalization and rising demand of next-generation wireless network technologies.The growing advent of digitalization has resulted into an enhancement in the number of cybercrimes across all the industries. Owing to sensitivity of data and influence of data loss, the financial industry is the most exposed to cyber-attacks.There are several advantages of quantum cryptography such as decreased resource requirement, secured communication, constant improvement and ease-of-usage.It is expected that Toshiba will take the lead of commercializing quantum cryptography by pushing its technological advantage in an already competitive field to produce protection for data against cyberespionage.

 The increasing incidents of cyber-attacks in the period of digitalization, growing cybersecurity funding, increasing demand of next-generation security resolutions for cloud and IoT technologies, and developing next-generation wireless network technologies are anticipated to propel the growth of the global quantum cryptography market. Toshiba seems set to take the global lead of commercializing quantum cryptography, pushing its technological advantage in the extremely competitive field expected to produce protection for data against cyberespionage.

Apart from that, trending is the transmission of genome sequence using quantum cryptography. For instance, Tohoku University Medical Megabank Organisation (ToMMo) has illustrated the world’s first quantum cryptography transmission of complete genome-sequence data in collaboration with Toshiba, confirming that quantum encryption technology is now competent of large-capacity data transmission, initiating up practical applicability in genomic medicine and research.

Who are the Major Players in the Quantum Cryptography Market?

The global Quantum Cryptography includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek, Qasky and others.

Industry Updates:

• 3rd February 2022: ID Quantique (IDQ), a world leader in quantum-based cybersecurity solutions, announces today it has set up an independent company and Center of Competence (CoC) in quantum communications in Austria called ID Quantique Europe. This European presence will allow IDQ to provide technology and business expertise to ensure Europe’s technology sovereignty.


• Feb 17, 2003: MagiQ Technologies Inc., a New York company with R&D facilities in Somerville, today announced the first commercial quantum cryptography system.


• Crypta Labs collaborated with SPace Research and Innovation Network for Technology (SPRINT) to develop its QRNGs for space applications.


• Qubitekk acquired QinetiQ’s Quantum Key Distribution (QKD) patent portfolio. The portfolio covers novel technological approaches in quantum science, including 57 patent filings, across 17 patent families.


• ID Quantique announced that its product Cerberis3 Quantum Key Distribution (QKD) system could be deployed in any network configuration, including point-to-point.

What are the major Applications, Types and Regions for Quantum Cryptography Market?

Quantum Cryptography Market is segmented based on the type, applications, companies and regions.

By component it is segmented into

• Solutions


• Services

By Applications it is segmented into

• Financial


• Government


• Military & Defense


• Other

Quantum Cryptography Market Regional Analysis

Because of the presence of a majority of key players, North America is dominating the global quantum cryptography market in terms of value for quantum cryptography solutions. Moreover, due to large number of U.S.-based users, there is rapid adoption of quantum cryptography solutions in North America.

In addition, governments in North America are investing heavily toward the R&D of quantum cryptography, which is anticipated to further fuel the growth of the quantum cryptography market in the region.

All these factors greatly affect the Quantum Cryptography market growth. It further aims at providing a complete overview on a detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Quantum Cryptography Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Quantum Cryptography Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Quantum Cryptography Market report scope?

The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.

Key Highlights from this Quantum Cryptography Report:

• A comprehensive backdrop analysis, which contains an assessment of the parent market


• Essential changes in market dynamics.


• Market segmentation up to the second or third level.


• Historical, current, and projected size of the market from the standpoint of both value and volume.


• Reporting and evaluation of recent industry developments.


• Market shares and strategies of major players.


• Emerging niche segments and regional markets.


• An objective assessment of the trajectory of the market.


• Recommendations to companies for strengthening their foothold in the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Quantum Cryptography Market is studied from 2017 - 2027.

What is the growth rate of Quantum Cryptography Market?

The Quantum Cryptography Market is growing at a CAGR of 19.1% over the next 5 years.

Who are the key players in Quantum Cryptography Market?

ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek, Qasky

What region does this Quantum Cryptography Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Quantum Cryptography Market?

Table Pros, Table Cons, Others

What are the major end-use applications of Quantum Cryptography Market?

Financial, Government, Military & Defense, Others.

All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.