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Quantum Cryptography Is Estimated To Witness High Growth Owing To Increased Cyberattacks

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kiran gire
Quantum Cryptography Is Estimated To Witness High Growth Owing To Increased Cyberattacks

Quantum key distribution (QKD) enables two parties to produce a shared random secret key known only to them, which can then be used, for example, to encrypt and decrypt messages. QKD relies on the laws of quantum mechanics to detect any attempted eavesdropping or man-in-the-middle attacks during key distribution. The need for privacy and security in digital transactions is increasing due to rising concerns over potential cyberattacks and data breaches. QKD provides information-theoretic security against such threats.

The global quantum key distribution market is estimated to be valued at US$ 2.07 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

Increased cyberattacks pose a serious threat to confidential data and communication networks globally. According to the Identity Theft Resource Center data breaches have increased by 17% between 2020 and 2021. The damage from cybercrime is expected to cost the world $10.5 trillion annually by 2025. Quantum key distribution provides unconditional security that is not reliant on computational assumptions and allows detection of eavesdropping. This makes it an ideal technology for protecting sensitive applications and future-proofing against quantum computers that could break existing public-key cryptography schemes. The growing need for foolproof security solutions provides lucrative opportunities for the growth of the quantum key distribution market over the forecast period.

Porter's Analysis

Threat of new entrants: Low-to-medium as this market requires heavy capital investments in infrastructure to establish a robust system. However, there is growing opportunity with new technologies.

Bargaining power of buyers: Medium as buyers have leverage to negotiate on price and performance due to availability of multiple vendors. However, market is still in growth stage.

Bargaining power of suppliers: Low as suppliers depend heavily on few key components manufacturers and technology providers.

Threat of new substitutes: Medium as alternate cryptographic solutions exist but QKD offers the strongest security mathematically provable.

Competitive rivalry: High owing to ongoing investments in R&D by established as well as new players to enable wider commercial use cases.

SWOT Analysis

Strengths: Strong security against hacking, quantum-safe encryption. Continuous technology innovation.

Weaknesses: High infrastructure cost, limited deployment scale. Vulnerable to environmental noises interfering transmissions.

Opportunities: Growing demand for cybersecurity across sectors. Integration with existing networks. Government initiatives in some countries.

Threats: Low user awareness. Emergence of alternate cryptographic solutions. Interoperability issues during integration.

Key Takeaways

The global Quantum Key Distribution market growth is expected to witness high growth during the forecast period of 2023 to 2030. The global quantum key distribution market is estimated to be valued at US$ 2.07 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030.

North America currently dominates the market owing to presence of major players and focus on cybersecurity Research. The Asia Pacific region is expected to be the fastest growing market for QKD owing to government initiatives for development of quantum technologies in countries like China, India, South Korea and Singapore.

Key players operating in the Quantum Key Distribution market are Pfizer, Inc., Bristol Mye and NEC Corporation. Pfizer is the global leader with widest product portfolio in hardware as well as integration solutions. NEC focuses on development of solutions for financial services sector. Bristol Myers Squibb has collaborated with startups to enable scalable QKD networks.

Get more insights on this topic: https://www.trendingwebwire.com/quantum-key-distribution-market-industry-insights-trends-quantum-key-distribution-market/

Explore more information on this topic, Please visit: https://allmeaninginhindi.com/understanding-biopharmaceuticals-the-future-of-healthcare-industry/


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seema3030 2021-12-08
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This Quantum Cryptography market report is a total overview of the market that takes into account various aspects of product definition, market segmentation, and the existing merchant landscape. This market report is comprehensive and encompasses a mixture of parameters of the market and Quantum Cryptography industry. dbmr=global-quantum-cryptography-marketGlobal Quantum Cryptography Market Scope and Market Size :On the basis of enterprise size, the quantum cryptography market has been segmented into small and medium enterprise (SMEs), and large enterprise. On the basis of deployment protocol, the quantum cryptography market has been segmented into TSL/SSL protocol, and BB84 protocol. MAJOR TOC OF THE REPORTPart One: Quantum Cryptography Market OverviewPart Two: Manufacturers ProfilesPart Three: Global Quantum Cryptography Market Competition, by PlayersPart Four: Global Quantum Cryptography Market Size by RegionsPart Five: Global Quantum Cryptography Market Revenue by CountriesPart Six: Global Quantum Cryptography Market Revenue by TypePart Seven: Global Quantum Cryptography Market Revenue by ApplicationPart Eight: Global Quantum Cryptography Market Revenue by GeographyPart Nine: Global Quantum Cryptography Market Revenue by GeographyPart Ten: Global Quantum Cryptography Market Revenue by GeographyPart Eleven: Global Quantum Cryptography Market Revenue by GeographyGet Detail TOC@ https://www.
Quantum Technologies Global Market - Forecast to 2030
prachiti sharma 2022-06-15
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Bharat Book Bureau Provides the Trending Market Research Report on “Quantum Technologies Global Market - Forecast to 2030” under Life Sciences Market Research Report Category. Global Quantum Technologies Market, 2021 to 2030 Quantum technologies are the most revolutionary technology that works by using the principles of quantum mechanics (the physics of sub-atomic particles), including quantum entanglement and quantum superposition. The government is heavily investing in quantum technologies to obtain potential advantages of these technologies. The quantum technologies global market is expected to grow at a high double digit CAGR of from 2021 to 2030 to reach $3,518. The factors such as growing government and private venture funding for quantum technologies, increasing R&D expenditure of major technology companies to develop quantum technologies, strategic collaboration, partnerships, and mergers for the quantum technologies are driving the quantum technologies global market.
Quantum Dot Market Insights, Growth, Share, Size, Demand 2024-2033
Bhuvan 2024-01-03
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Learn More On The Quantum Dot Market:https://www. The quantum dot market size is expected to see exponential growth in the next few years. Major trends in the forecast period include quantum dot-based quantum computing, regulatory compliance in quantum dot safety, quantum dots in nanomedicine and theranostics, personalized quantum dot applications in healthcare, transparency in quantum dot sourcing and supply chain. The quantum Dot Market report table of contents includes:Executive SummaryQuantum Dot Market CharacteristicsQuantum Dot Market Trends And StrategiesQuantum Dot Market - Macro Economic ScenarioGlobal Quantum Dot Market Size and Growth. Global Quantum Dot Market Competitive BenchmarkingGlobal Quantum Dot Market Competitive DashboardKey Mergers And Acquisitions In The Quantum Dot MarketQuantum Dot Market Future Outlook and Potential AnalysisAppendixTop 5 Major Key Players Are:Crystalplex CorporationInVisage TechnologiesLG Display Co.
Quantum Dots Market Expected to Reach at High Pace by 2025 | Know COVID-19 Analysis | Top Companies- Nanoco Group PLC, Nanosys
Chaitali Mahajan 2020-12-11
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A new market study, titled “Quantum Dots Market” has been featured on Market Research Future which is projected to value USD 8,151.07 million with a CAGR of 26.45% by during the forecast period from 2018 to 2025.

This study compares past and existing market trends to derive industry growth rates for next year.

The report study also detailed qualitative and quantitative analysis in terms of market dynamics, competitive scenarios, opportunity analysis, market growth, industry chain, and more.

Report also specifies growth factors such as the growing demand for quantum dots in display devices and the energy efficiency they provide are driving the growth of the market.The growing demand for quantum dots in display services, the growing demand for energy efficient equipment, and the adoption of quantum dots for solar cells are key factors driving the global quantum dot market in 2020.

Major players operating in the global market are also examined in the report in order to provide readers with a complete overview of the competitive landscape of the market.

In addition, quantum dot technology is being adopted in many fields such as defense, electronics, medical and automotive.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8708Leading Market Players:Nano Elements Source, Nanoco Group PLC (UK), Nanosys, Inc. (the US), QD Laser, Inc. (Japan), Ocean NanoTech (US), NN-Labs, LLC (US),  QD Vision (US), Altair Nanotechnologies Inc. (US), Quantum Material Corp. (US), OSRAM Licht AG (Germany), UbiQD, Inc. (Mexico), Crystalplex Corp. (US), LG Display Co., Ltd (South Korea), Pacific Light Technologies (US), Navillum Nanotechnologies (US), LLC (US).Market Segmentation:The global quantum dots market can be divided on the basis of material, vertical, product, and region.Segmented by material,SiliconCadmium sulfideCadmium selenideCadmium tellurideIndium, zinc sulfideSegmented by vertical, TelecommunicationConsumerCommercialDefenseHealthcareSegmented by product,TransistorsSolar cellsDisplaysPhotodetectorsLed, and others.Segmented by region, Asia-PacificEuropeNorth AmericaRest of the World (RoW)Regional Analysis:As per the analysis, North America is likely to acquire the largest market share in the quantum dots market from 2019 to 2025.

Quantum Dots Market Business Strategy and Market Segments Poised for Strong Growth in Future 2027 | Impact of COVID-19
Soham Patel 2021-11-18
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OverviewThe quantum dots market is projected to grow at a CAGR of 26. As per the quantum dots market research report, the global market for quantum dots is projected to grow swiftly by US$8,151. The Quantum Dot Market research report offers a comprehensive analysis of the global quantum dots market and its material, region, vertical, and product segments. The quantum dots market research report by expert analysts is developed to assist organizations in the quantum dots market. On the basis of vertical, the global quantum dots market can be classified into telecommunication, consumer, commercial, defense, healthcare, and others.
Middle East Distribution Panel Market Size, Share, Upcoming Trends, Growth Drivers, Industry Demand, Key Players, Business Challenges and Forecast Research Report 2033: SPER Market Research
sonali sharma 2024-04-01
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The Middle East Distribution Panel Market is thoroughly examined in the study, along with its size and trends, product mix, distribution routes, and supplier analysis. According to SPER market research, ‘Middle East Distribution Panel Market Size-By Voltage, By Mounting, By End Use- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Middle East Distribution Panel Market is predicted to reach USD XX billion by 2033 with a CAGR of 6. Due to the region's increasing industrialization, urbanization, and government energy sector investments, the Middle East distribution panel market has expanded rapidly. Impact of COVID-19 on Middle East Distribution Panel MarketThe Middle East distribution panel industry was significantly impacted by the COVID-19 pandemic. By Mounting: Based on the Mounting, Middle East Distribution Panel Market is segmented as; Flush Mounting, Surface Mounting.
Quantum Photonics Market Demand Analysis, Statistics, Industry Trends And Investment Opportunities To 2030
Suman Singh 2023-09-22
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The major players in the quantum photonics market include Toshiba (Japan), Xanadu (Canada). Quandela (France), ID Quantique (Switzerland), ORCA Computing (UK), PsiQuantum (US), TundraSystems (UK), Quix Quantum (Netherlands), Nordia Quantum Computing Group (Norway), Thorlabs (US), AOSense (US), Single Quantum (Netherlands), Qubitekk (US), QuintessenceLabs (Australia), NTT Technologies (Japan), NEC (Japan), Nu Quantum (UK), CryptaLabs (UK), Nu Quantum (UK). Get more information on "Global Quantum Photonics Market Research Report" by requesting FREE Sample Copy at https://www. Browse Global Quantum Photonics Market Research Report with detailed TOC at https://www. Purchase Complete Global Quantum Photonics Market Research Report at https://www.
Global Quantum Computing Market Data Analysis with Players 2021
data library research 2021-11-25
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Nov 2021, as per the new study published by Data Library Research, titled, “Quantum Computing market by type, application, end use, and region: industry forecast and market potential analysis, 2021-2027,” the global Quantum Computing market is rising at substantial rate and is projected to maintain its progress during the prediction period. utm_source=Free&utm_medium=64 Intended Audience:The report is envisioned for;•   Product Manufacturers/Distributors•   Technology Providers•   IT Companies•   Government Organizations •   For Overall Market Analysis•   Competitive AnalysisImpact of COVIDThe epidemic has disturbed the development in many nations in several domains. Influence of the COVID-19 epidemic continued to be adverse for major key players in the Quantum Computing market. Major players are profiled and the strategies are considered thoroughly to understand competitive outlook of Quantum Computing market. 2 Influence of COVID-19 Outbreak on Quantum Computing Industry DevelopmentAt last, report gives inside out examination of the Quantum Computing Market considering after all the above components, which are valuable for organizations or the individual for development of their current business or individuals who are planning to enter in Quantum Computing industry.