Market Overview:
The global quantum cryptography solutions market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for secure communication across different industries, such as government and defense, banking and financial services, telecom, and healthcare. In addition, the growing adoption of quantum cryptography solutions by small- and medium-sized businesses (SMBs) is also contributing to the growth of this market. However, lack of awareness about quantum cryptography solutions among end users is restraining the growth of this market. On the basis of type, the global quantum cryptography solutions market can be segmented into network security and application security. The network security segment dominates this market owing to its widespread adoption by organizations for securing their networks against cyber threats. On the basis of application, G&P (government & public sector), defense, BFSI (banking & financial services industry), telecom are some key applications that are expected to drive demand for quantum cryptography solutions duringthe forecast period from 2018to2030 .
Product Definition:
Quantum Cryptography Solutions is the use of quantum mechanics to perform cryptographic tasks. These solutions are important because they provide a way to securely transmit data without the possibility of it being intercepted by someone else.
Network:
Network is a set of connected devices or computers that allow sharing of information. In today’s world, the internet plays a vital role in facilitating communication between people and businesses globally. The rapid growth in the number of users on the internet has led to an increase in data traffic, which has further created opportunities for new entrants such as quantum computing solution providers to gain significant market share by providing enhanced services at lower prices.
Application Security:
Application security is the part of Information Security that deals with threats posed to applications and their digital assets. It protects software applications from external attacks by screening network traffic, data modification, application vulnerability & compliance analysis. Application security solutions are used in various industries such as BFSI, healthcare & life sciences and government among others for securing sensitive information that flows through networks.
Application Insights:
The banking, financial services and insurance (BFSI) segment accounted for the largest market share in 2017. The BFSI sector is one of the prominent sectors that are adopting quantum cryptography solutions to enhance their cybersecurity. Quantum key distribution provides an efficient way to transfer keys over long distances without exposing them to eavesdroppers. This technology helps in protecting sensitive data by ensuring its safe transmission over a public network.
The defense segment is expected to register a notable CAGR during the forecast period owing to increasing government initiatives and research projects related with quantum information technology for national security purposes. For instance, according these recent reports published by National Institute of Standards and Technology (NIST), U.S., it was stated that there are ongoing efforts within NIST toward developing a practical implementation of this technology for military use as well as studying its potential applications across various industry verticals including aerospace, automotive & transportation systems, electronics & semiconductor equipment manufacturing facilities among others).
Regional Analysis:
The North American region dominated the market in 2017 and is expected to maintain its position over the forecast period. The growth can be attributed to increasing government regulations for data protection, rising cyber-attacks, and high adoption of digital services in various sectors including banking, defense & aerospace, energy & utilities among others. Moreover, presence of key players such as Boeing; Lockheed Martin Corporation; General Dynamics Mission Systems Inc.; Raytheon Technologies Corporation among others is also contributing toward regional growth.
Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing investments by governments for developing smart cities with advanced technologies such as IoT security systems based on quantum cryptography. Furthermore growing demand for secure communication channels between financial institutions has led banks in Japan and China to adopt these solutions which will further boost regional demand during the forecast period.
Growth Factors:
- Increasing demand for secure communication across industries
- Growing number of data breaches and cyber-attacks
- Proliferation of IoT devices and connected systems
- Government initiatives for adoption of quantum cryptography solutions
- Rising demand for secured data storage and transmission
Scope Of The Report
Report Attributes
Report Details
Report Title
Quantum Cryptography Solutions Market Research Report
By Type
Network, Application Security
By Application
G&P, Defense, BFSI, Telecom
By Companies
ID Quantique, MagiQ Technologies, Quantum XC, Qubitekk, QuintessenceLabs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Quantum Cryptography Solutions Market Report Segments:
The global Quantum Cryptography Solutions market is segmented on the basis of:
Types
Network, Application Security
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
G&P, Defense, BFSI, Telecom
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ID Quantique
- MagiQ Technologies
- Quantum XC
- Qubitekk
- QuintessenceLabs
Highlights of The Quantum Cryptography Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Network
- Application Security
- By Application:
- G&P
- Defense
- BFSI
- Telecom
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Quantum Cryptography Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Quantum cryptography solutions are companies that offer quantum-resistant cryptographic algorithms and services. They help organizations protect their data by creating a secure connection between two parties using quantum-resistant cryptography.
Some of the key players operating in the quantum cryptography solutions market are ID Quantique, MagiQ Technologies, Quantum XC, Qubitekk, QuintessenceLabs.
The quantum cryptography solutions market is expected to register a CAGR of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Quantum Cryptography Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Quantum Cryptography Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Quantum Cryptography Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Quantum Cryptography Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Quantum Cryptography Solutions Market Size & Forecast, 2018-2028
4.5.1 Quantum Cryptography Solutions Market Size and Y-o-Y Growth
4.5.2 Quantum Cryptography Solutions Market Absolute $ Opportunity
Chapter 5 Global Quantum Cryptography Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Quantum Cryptography Solutions Market Size Forecast by Type
5.2.1 Network
5.2.2 Application Security
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Quantum Cryptography Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Quantum Cryptography Solutions Market Size Forecast by Applications
6.2.1 G&P
6.2.2 Defense
6.2.3 BFSI
6.2.4 Telecom
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Quantum Cryptography Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Quantum Cryptography Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Quantum Cryptography Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Quantum Cryptography Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Quantum Cryptography Solutions Market Size Forecast by Type
9.6.1 Network
9.6.2 Application Security
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Quantum Cryptography Solutions Market Size Forecast by Applications
9.10.1 G&P
9.10.2 Defense
9.10.3 BFSI
9.10.4 Telecom
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Quantum Cryptography Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Quantum Cryptography Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Quantum Cryptography Solutions Market Size Forecast by Type
10.6.1 Network
10.6.2 Application Security
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Quantum Cryptography Solutions Market Size Forecast by Applications
10.10.1 G&P
10.10.2 Defense
10.10.3 BFSI
10.10.4 Telecom
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Quantum Cryptography Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Quantum Cryptography Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Quantum Cryptography Solutions Market Size Forecast by Type
11.6.1 Network
11.6.2 Application Security
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Quantum Cryptography Solutions Market Size Forecast by Applications
11.10.1 G&P
11.10.2 Defense
11.10.3 BFSI
11.10.4 Telecom
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Quantum Cryptography Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Quantum Cryptography Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Quantum Cryptography Solutions Market Size Forecast by Type
12.6.1 Network
12.6.2 Application Security
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Quantum Cryptography Solutions Market Size Forecast by Applications
12.10.1 G&P
12.10.2 Defense
12.10.3 BFSI
12.10.4 Telecom
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Quantum Cryptography Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Quantum Cryptography Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Quantum Cryptography Solutions Market Size Forecast by Type
13.6.1 Network
13.6.2 Application Security
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Quantum Cryptography Solutions Market Size Forecast by Applications
13.10.1 G&P
13.10.2 Defense
13.10.3 BFSI
13.10.4 Telecom
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Quantum Cryptography Solutions Market: Competitive Dashboard
14.2 Global Quantum Cryptography Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ID Quantique
14.3.2 MagiQ Technologies
14.3.3 Quantum XC
14.3.4 Qubitekk
14.3.5 QuintessenceLabs
