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Quantum Cryptography Market to 2027 - Global Analysis and Forecasts By Offering; Application, by End-user

Posted 17 Oct-2019 05:41 PM by Laura | 139

Dublin, Oct. 17, 2019 (Press Release Power) -- The "Quantum Cryptography Market to 2027 - Global Analysis and Forecasts By Offering; Application, by End-user" report has been added to ResearchAndMarkets.com's offering.

The global quantum cryptography market accounted for US$ 105.3 Mn in 2018 and is anticipated to grow at a CAGR of 39.2% over the forecast period 2019-2027, to account for US$ 1,996.1 Mn by 2027.

The quantum cryptography market is at an elementary stage with massive potential to break through the cybersecurity industry. The quantum cryptography market players are constantly engaging themselves in advancing their features intending to offer highly secured solutions to their clients. The rise in quantum computing has led to the surge in expose of confidential data across industries. Owing to this, several end-users of encryption solutions are investing significant amounts in procuring advanced data security solutions and services such as quantum cryptography.

The governments of various countries across the globe as well as different 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.

The spending on quantum cryptography is growing in both developed and developing regions such as North America, Europe, and the Asia Pacific. The demand for quantum cryptography is expected to grow further during the forecast period of 2019 to 2027. Rising digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the quantum cryptography market. Quantum cryptography technology is turning more into the global business, and various large players can offer quantum cryptography solutions and services worldwide. Presently on a global scale, industry verticals such as BFSI, IT & telecom, government and defence, and healthcare are the major contributors in quantum cryptography spending.

The global quantum cryptography market is segmented based on offering, application, end-user, and geography. Based on the offering, the quantum cryptography market is bifurcated into solutions and services. Based on application, the quantum cryptography market is categorized into network security, application security, database security. Based on end-user, the quantum cryptography market is segmented into IT & telecommunication, BFSI, government & defence, healthcare, others. Geographically, the quantum cryptography market is categorized into four regions, including North America, Europe, Asia-Pacific, and Rest of World.

The key companies operating in the quantum cryptography market include ID Quantique, Infineon Technologies, Magiq Technologies, IBM, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., Qubitekk, Quintessence Labs, Qutools GmbH, and Toshiba Corporation, among others. Several other players are also operating in the field, and are contributing substantial revenue generation in the market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global quantum cryptography market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global quantum cryptography market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Research and Markets also offer Custom Research services distributing focused, comprehensive and tailored research.

CONTACT:

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For more information about this report visit https://www.researchandmarkets.com/r/t2xmxp


Company Information

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ResearchAndMarkets Laura wood 35314168900 [email protected] https://www.researchandmarkets.com

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