Quantum key distribution (QKD) is one of the most common applications of quantum cryptography. Quantum mechanics is used to secure communication between two parties and a secret random key is used to encrypt and decrypt the data. QKD only produces and distributes the random secret key and is not used for data communication per se. Standard communication channels are used for transmission of the data.
The need for securing data and counter the widespread cyber security concerns is a major factor augmenting the growth of this market. Governments and defense organizations and banks are some of the application segments that have already been using quantum key distribution for several years. Given the success rate of this technology, it is expected that quantum cryptography will be used for several more applications such as securing Internet transactions, large enterprises, and airports, among several others.
In terms of applications, the Quantum Cryptography Market has been segmented across the following Quantum Cryptography Market
Homeland Security, Aerospace and Defense, Governments, Banking and Financial Services and Others
Europe has been the leading region in terms of adoption of quantum cryptography. China, however, has invested significantly in research and development efforts and is expected to attribute to the high growth rate that Asia Pacific will exhibit till the end of the forecast period considered in this report. The market has been segmented based on the following geographies
North America, South America, APAC, Europe, Middle East and Africa
MagiQ Technologies, Inc., ID Quantique SA, SeQureNet and Quintessence Labs are the only four companies that offer quantum key distribution systems on a commercial scale. A majority of the players in the market are research arms of companies that are interested in the quantum cryptography market. Following are just a few of the companies that are operating in the Quantum Cryptography market.
Bell Labs, MagiQ Technologies, Inc., QinetiQ, HP Labs and Toshiba Research.
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2. Executive Summary
3. Quantum Cryptography – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End User Profiling
3.2.3. Top 5 Financials Analysis
4. Quantum Cryptography – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Quantum Cryptography Market
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Quantum Cryptography Market– Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Quantum Cryptography Market– By Application:
6.1. Homeland Security
6.2. Aerospace and Defense
6.4. Banking and Financial Services
7. Quantum Cryptography Market– By Geography:
7.2. Global Study
7.3.1. North America
8. Market Entropy
8.1. New Product Launches
8.2. M&As, Collaborations, JVs and Partnerships
9. Company Profiles
9.1. Toshiba Research Labs
9.2. HP Labs
9.3. Bell Labs
9.5. MagiQ Technologies, Inc.
9.6. ID Quantique SA
9.7. Quintessence Labs
9.8. Mitsubishi Electric
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
10.3. Research Methodology
10.5. Compilation of Expert Insights