Global Quantum Cryptography Market to Reach $3.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Quantum Cryptography estimated at US$565.7 Million in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 30.9% over the period 2020-2027.
The U.S. Market is Estimated at $170 Million, While China is Forecast to Grow at 30% CAGR
The Quantum Cryptography market in the U.S. is estimated at US$170 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$636.4 Million by the year 2027 trailing a CAGR of 30% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.8% and 26.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.7% CAGR.
Select Competitors (Total 26 Featured):
Amid the COVID-19 crisis, the global market for Quantum Cryptography estimated at US$565.7 Million in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 30.9% over the period 2020-2027.
The U.S. Market is Estimated at $170 Million, While China is Forecast to Grow at 30% CAGR
The Quantum Cryptography market in the U.S. is estimated at US$170 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$636.4 Million by the year 2027 trailing a CAGR of 30% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.8% and 26.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.7% CAGR.
Select Competitors (Total 26 Featured):
- ID Quantique SA
- MagiQ Technologies Inc.
- Nippon Telegraph and Telephone Corp.
- Nucrypt LLC
- Oki Electric Industry Company Ltd.
- QuintessenceLabs Inc.
- Raytheon BBN Technologies
- SK Telecom
- Universal Quantum Devices
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Secure Communications - Defining the Need for Cryptography
- Recent Market Activity
- Quantum Cryptography - Providing Secure Communications
- A Pictorial Illustration of Quantum Cryptography
- Using Quantum Key Distribution
- Quantum Cryptography Market to Leapfrog over the Ensuing Years
- The Advent for Quantum Computers
- Quantum Computing Makes Quantum Cryptography Imperative
- QKD R&D
- Focus on Quantum-Secure Networks
- Patent Landscape
- Future Developments
- QKD Systems and the Different Applications
- Corporate
- Healthcare
- Defense
- Infrastructure Protection
- Transport
- Finance
- Space
- Adoption in Regional Markets
- Regional Initiatives in Quantum Cryptography Field
- China to Play a Pivotal Role in the Global Quantum Cryptography Market
- China’s Quantum Experiments
- Impact of Covid-19 and a Looming Global Recession
- ID Quantique SA (Switzerland)
- MagiQ Technologies, Inc. (USA)
- Nippon Telegraph and Telephone Corp. (Japan)
- Nucrypt LLC (USA)
- Oki Electric Industry Company Ltd (Japan)
- QuintessenceLabs, Inc. (Australia)
- Raytheon BBN Technologies (USA)
- SK TELECOM CO., LTD. (Korea)
- Toshiba Corp. (Japan)
- Universal Quantum Devices (Canada)
- Growing Popularity of Crypto Cloud Computing System
- Researchers Striving to Overcome Limitations in Terrestrial QKD networks
- Satellite QKD Networks to Complement Terrestrial QKD Networks
- Moving Beyond Point-to-Point Communications - An Important Step to Improve Commercialization Prospects
- Quantum Access Network with Improved APDs to Enable Quantum Cryptography for Multiple Users
- Threat of Cyber Crime Buoys Demand for Quantum Cryptography Solutions in Government Agencies
- Growing Use of Cyber Security Solutions in Public Utilities
- Demand for Cyber Security in Defense Sector on the Rise
- Business Enterprises Drive Demand for QC-based Secure Communication Systems
- Financial Services - A Key End Use Market for Information Security Solutions
- Factors Affecting Implementation of Cyber Security Solutions by Enterprises Worldwide - Ranked in Order of Influence
- Securing Internet Transaction: An Opportune Application Area for Quantum Cryptography
- Quantum Cryptography to Secure Mobile Transactions
- Strong Need for QKD Systems Compatibility with Existing Telecom Networks
- New Protocol to Bring Quantum Cryptography to Mobile Telecommunications
- Quantum Cryptography Finds Application in Securing Data for Electric Grids
- Relativistic Quantum Cryptography to Ensure Secure Bit Commitment
- Refinement of Photon Detectors Essential for Widespread Adoption
- Researchers Identify Alternative Method to Sidestep Technical Flaw in Photon Detectors
- High Cost of Infrastructure and Hardware: A Cause of Concern
- Dire Need for Established Standards
- Quantum Cryptography Driven by BYOD Policy Implementation
- Table 1: World Current & Future Analysis for Quantum Cryptography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- UNITED STATES
- Table 3: USA Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- CANADA
- Table 4: Canada Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- JAPAN
- Table 5: Japan Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- CHINA
- Table 6: China Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- EUROPE
- Table 7: Europe Current & Future Analysis for Quantum Cryptography by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
- Table 8: Europe 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- FRANCE
- Table 9: France Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- GERMANY
- Table 10: Germany Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- ITALY
- Table 11: Italy Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- UNITED KINGDOM
- Table 12: UK Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- REST OF EUROPE
- Table 13: Rest of Europe Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- ASIA-PACIFIC
- Table 14: Asia-Pacific Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- REST OF WORLD
- Table 15: Rest of World Current & Future Analysis for Quantum Cryptography by Segment - Quantum Cryptography - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
- Total Companies Profiled: 26
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