According to a research report "Quantum Cryptography Market by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025" published by MarketsandMarkets, the global quantum cryptography market size is estimated to be USD 89 million in 2020 and projected to reach USD 214 million by 2025 at a CAGR of 19.1%. Factors such as the growing incidents of cyber-attacks in the era of digitalization, increasing cybersecurity funding, rising demand of next-generation security solutions for cloud and IoT technologies, and evolving next-generation wireless network technologies are expected to drive the growth of the global quantum cryptography market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45857130
Solution segment to account for a higher market share during the forecast period
The quantum cryptography solutions segment includes the revenue generated from Quantum Key Distribution (QKD) platforms, QKD servers, virtual encryptors, QKD distributors, key and policy managers, SDK to integrate cryptography, quantum cryptography communication device, quantum security gateway, Quantum Random Number Generator (QRNG), hackerbox, quantum secure communication network products, and repeaters, along with factors essential for the implementation of quantum cryptography. This solution helps in encrypting the critical information without being leaked midway.
Increasing demand for consultations to solve the problems that hinder commercial clients’ business growth set to fuel the growth of consulting and advisory segment
Quantum cryptography service providers render a variety of services, such as consulting and advisory, deployment and integration, and support and maintenance service. Quantum cryptography consulting and advisory services play an important role in the implementation of the required set of solutions and techniques for securing the transmission of data. For this, qualified industry experts and security professionals are involved as consultants. Consultants help enterprises devise security strategies, minimize risks, understand the maturity of their quantum cryptography solutions, and reduce compliance costs. Advisory services assist organizations in solving a problem that hinders their business growth; the experts guide the path or directs the clients on where to go for help. Advisory service is provided by experienced experts, who offer hands-on, practical help, advice, and support business areas that will help make a difference to the business.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=45857130
Americas region is expected to grow at the highest CAGR during the forecast period
The rise in cyber-attacks in this region is one of the major factors responsible for the growth of the market. Due to the high adoption of encryption-based applications in the Americas, the attacks are increasing dramatically and becoming more sophisticated. Furthermore, the growing IT management complexity, along with the increasing need for data privacy and security is an important factor driving the quantum cryptography market in the region. Countries such as the US, Canada, Brazil, and Mexico are generating significant revenue in this market. The organizations in this region are focusing on securing their applications and networks using various quantum cryptography appliances. In addition, the region has witnessed several government initiatives followed by heavy funding in research and development.
Major vendors in the global quantum cryptography market include ID Quantique (Switzerland), QuintessenceLabs (Australia), NuCrypt (US), Qasky (China), Crypta Labs (UK), Qubitekk (US), Post-Quantum (UK), MagiQ Technologies (US), ISARA (Canada), QuNu Labs (India), QuantumCTek (China), Quantum Xchange (US), Aurea Technologies (France), qutools (Germany), Infineon (Germany), Mitsubishi Electric (Japan), IBM (US), HP (US), NEC (Japan), Toshiba (Japan), Microsoft (US), Raytheon Technologies (US), Crypto Quantique (UK), Qrypt (US) and Onboard security (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441