Quantum Cryptography Market by Component, Services, Security Type, Vertical & Region - Global Forecast to 2023

  • ID: 4746724
  • Report
  • Region: Global
  • 116 Pages
  • Markets and Markets
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The Global Quantum Cryptography Market is Expected to Grow from USD 101 Million in 2018 to USD 506 Million by 2023, at a CAGR of 37.9%

FEATURED COMPANIES

  • Aurea Technology
  • IBM
  • Isara
  • Mitsubishi Electric
  • Post-Quantum
  • Quantumctek
  • MORE

Global quantum cryptography market size to grow at a CAGR of 37.9% during the forecast period

The global quantum cryptography market is expected to grow from USD 101 million in 2018 to USD 506 million by 2023, at a Compound Annual Growth Rate (CAGR) of 37.9% during the forecast period. Major growth factors for the market include 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. However, lack of expertise and high implementation cost could restrain the market growth.

Growing demand for integration of quantum cryptography solutions is set to fuel the growth of solutions segment

The continuous increase of data transmitted electronically has led to an increased need for and reliance on cryptography. Quantum cryptography solutions enable people to experience the same level of trust and confidence in the digital world as in the physical world. These solutions further enable millions of people to interact electronically via e-mail, eCommerce, ATMs, cell phones, etc. The quantum cryptographic solutions such as 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, used to secure advanced cyber-attacks are in huge demand across the globe. Moreover, this solution can easily be integrated with existing security systems. Hence, the solution segment is expected to hold the highest market share as well as the highest CAGR in the quantum cryptography space.

North America to hold the largest market size, and to grow at the highest growth rate during the forecast period

The US is the most developed country in terms of technology adoption and investments. The widespread adoption of PCs and internet services for business purpose and storage of critical data across the world has increased the propensity of data breach and theft. In addition, the major growth factors that would drive the adoption of quantum cryptography include the growing need for data privacy and security and an increasing number of cyber-attacks. The Americas are the largest revenue contributors in the quantum cryptography market, as the market is being driven by the early adoption of advanced technologies such as cloud and IoT, high level of IT capabilities, and higher IT investments.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the quantum cryptography marketplace.

The following list provides the breakup of primary respondents’ profiles:

  • By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
  • By designation: C level Executives: 35%, Director Level: 25%, and Others: 40%
  • By region: North America: 45%, Europe: 20%, APAC: 30%, and Rest of the World: 5%

Major vendors in the global quantum cryptography market include 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), and Microsoft (US).

Research Coverage:

The report includes an in-depth competitive analysis of the key players in the quantum cryptography market, along with their company profiles, recent developments, and key market strategies. The report segments the global quantum cryptography market by component (solutions and services), security type, vertical, and region.

Key Benefits of Buying the Report:

The report would help the market leaders/new entrants in the quantum cryptography market with the information on the closest approximations of the revenue numbers for the overall quantum cryptography market and subsegments. The report would also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Aurea Technology
  • IBM
  • Isara
  • Mitsubishi Electric
  • Post-Quantum
  • Quantumctek
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Quantum Cryptography Market
4.2 Market in the Americas, By Security Type and Country
4.3 Market, By Region
4.4 Market: Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Cyber-Attack Incidents in the ERA of Digitalization
5.2.1.2 Increasing Cybersecurity Funding
5.2.1.3 Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies
5.2.1.4 Evolving Next-Generation Wireless Network Technologies
5.2.2 Restraints
5.2.2.1 High Implementation Cost
5.2.2.2 Lack of Expertise
5.2.3 Opportunities
5.2.3.1 Spur in Demand for Security Solutions Across Industry Verticals
5.2.3.2 Increasing Need for Integration Solutions
5.2.4 Challenges
5.2.4.1 Quantum Cryptography Commercialization
5.2.4.2 Technological and Implementation Challenges
5.3 Quantum Cryptography Protocols
5.3.1 Bb84 Protocol
5.3.2 B92 Protocol
5.3.3 Sarg04 Protocol
5.3.4 E91 Protocol
5.3.5 SSP Protocol
5.4 Quantum Cryptography Types
5.4.1 Position-Based Quantum Cryptography
5.4.2 Device-Independent Quantum Cryptography
5.4.3 Bounded- and Noisy-Quantum-Storage Model
5.5 Quantum Cryptography Margins
5.5.1 Quantum Repeaters
5.5.2 Point-To-Point Communication
5.5.3 Vulnerable to Attacks
5.6 Future Scope of Quantum Cryptography
5.7 Use Cases

6 Quantum Cryptography Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Solutions Segment Includes QKD Platforms, Qrng Platforms, QKD Servers, Virtual Encryptors, QKD Distributors, Key and Policy Managers, SDK to Integrate Cryptography, Communication Devices, Gateway, Repeaters, and Hackerbox
6.3 Services
6.3.1 Growing Need for Expert Assistance, Starting From Consultation to Implementation of A Customized Solution

7 Quantum Cryptography Market, By Service
7.1 Introduction
7.2 Consulting and Advisory
7.2.1 Increasing Demand for Consultation to Resolve Hindrances for Commercial Clients’ Business Growth
7.3 Deployment and Integration
7.3.1 Growing Modernization and Deployment of Quantum Cryptography Solutions to Meet the Rising Demand for Secure Data Transmission
7.4 Support and Maintenance
7.4.1 Demand for Support and Maintenance Services for the Implementation and Use of Hardware

8 Quantum Cryptography Market, By Security Type
8.1 Introduction
8.2 Network Security
8.2.1 Growing Need to Ensure the Integrity and Usability of Network and Information
8.3 Application Security
8.3.1 Increasing Demand to Protect Applications From Intruders

9 Quantum Cryptography Market, By Vertical
9.1 Introduction
9.2 Government and Defense
9.2.1 Increasing Need to Secure Confidential Data From Thefts and Unauthorized Access
9.3 Banking, Financial Services, and Insurance
9.3.1 Need to Cater to Financial Security, Online Fund Transfer Security, and Data Security By Encrypting Files, Data, and Emails With Unbreakable Quantum Mechanisms
9.4 Retail
9.4.1 Increasing Adoption of Quantum-Safe Encryption Hardware to Encrypt and Protect Customers’ Confidential and Private Information
9.5 Healthcare
9.5.1 Need to Improve the Proficiency of Clinical and It Staff, and Provide Real-Time Information Access in Case of Emergencies
9.6 Automotive
9.6.1 Increasing Demand to Provide Physical Access and Protection to Confidential Information and Critical Safety Systems
9.7 Others

10 Quantum Cryptography Market, By Region
10.1 Introduction
10.2 The Americas
10.2.1 United States
10.2.1.1 Increase in Funding and Adoption of Quantum Technology
10.2.2 Canada
10.2.2.1 Growing Need for A Developed Quantum Ecosystem
10.2.3 Rest of Americas
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 The Need to Deliver Quantum Encryption Systems That Enable Secure Data Transactions and Transmissions
10.3.2 Germany
10.3.2.1 Need to Explore the Development of Highly Secure Communication Links to Recognize Every Attack
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China to Gather Quantum Technology Researchers to Enhance Its Cybersecurity Space
10.4.2 Japan
10.4.2.1 Upsurge Demand for Quantum Communication
10.4.3 India
10.4.3.1 The Need to Revolutionize Future Computation and Communication Systems
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Growing Demand for Securing Business Content
10.5.2 Africa
10.5.2.1 Increasing Number of Security Initiatives

11 Competitive Landscape
11.1 Overview
11.2 Microquadrant Overview
11.2.1 Progressive
11.2.2 Responsive
11.2.3 Dynamic Companies
11.2.4 Starting Blocks
11.2.5 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches and Product Enhancements
11.3.2 Partnerships, Collaborations, and Agreements

12 Company Profiles
12.1 ID Quantique
12.2 Quintessencelabs
12.3 Crypta Labs
12.4 Qasky
12.5 Qubitekk
12.6 Isara
12.7 Post-Quantum
12.8 Quantumctek
12.9 Magiq Technologies
12.10 Nucrypt
12.11 Quantum Xchange
12.12 Aurea Technology
12.13 Qutools
12.14 Qunu Labs
12.15 Infineon
12.16 Mitsubishi Electric
12.17 IBM
12.18 HP
12.19 NEC
12.20 Toshiba
12.21 Microsoft

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Subscription Portal
13.3 Related Reports
13.4 Author Details

List of Tables
Table 1 Factor Analysis
Table 2 Growing Need for Quantum Cryptography With the Increasing Number of Cyber-Attacks
Table 3 Quantum Cryptography Initiatives
Table 4 Industrial Use Cases: Telecom Vertical
Table 5 Quantum Cryptography Market Size, By Component, 2016-2023 (USD Thousand)
Table 6 Solutions: Market Size By Region, 2016-2023 (USD Thousand)
Table 7 Services: Market Size By Region, 2016-2023 (USD Thousand)
Table 8 Quantum Cryptography Market Size, By Service, 2016-2023 (USD Thousand)
Table 9 Consulting and Advisory: Market Size By Region, 2016-2023 (USD Thousand)
Table 10 Deployment and Integration: Market Size By Region, 2016-2023 (USD Thousand)
Table 11 Support and Maintenance: Market Size By Region, 2016-2023 (USD Thousand)
Table 12 Quantum Cryptography Market Size By Security Type, 2016-2023 (USD Thousand)
Table 13 Network Security: Market Size By Region, 2016-2023 (USD Thousand)
Table 14 Application Security: Market Size By Region, 2016-2023 (USD Thousand)
Table 15 Market Size By Vertical, 2016-2023 (USD Thousand)
Table 16 Government and Defense: Market Size By Region, 2016-2023 (USD Thousand)
Table 17 Banking, Financial Services, and Insurance: Market Size By Region, 2016-2023 (USD Thousand)
Table 18 Retail: Market Size By Region, 2016-2023 (USD Thousand)
Table 19 Healthcare: Market Size By Region, 2016-2023 (USD Thousand)
Table 20 Automotive: Market Size By Region, 2016-2023 (USD Thousand)
Table 21 Others: Market Size By Region, 2016-2023 (USD Thousand)
Table 22 Quantum Cryptography Market Size, By Region, 2016-2023 (USD Thousand)
Table 23 Americas: Market Size By Component, 2016-2023 (USD Thousand)
Table 24 Americas: Market Size By Service, 2016-2023 (USD Thousand)
Table 25 Americas: Market Size By Security Type, 2016-2023 (USD Thousand)
Table 26 Americas: Market Size By Vertical, 2016-2023 (USD Thousand)
Table 27 Americas: Market Size By Country, 2016-2023 (USD Thousand)
Table 28 Europe: Quantum Cryptography Market Size, By Component, 2016-2023 (USD Thousand)
Table 29 Europe: Market Size By Service, 2016-2023 (USD Thousand)
Table 30 Europe: Market Size By Security Type, 2016-2023 (USD Thousand)
Table 31 Europe: Market Size By Vertical, 2016-2023 (USD Thousand)
Table 32 Europe: Market Size By Country, 2016-2023 (USD Thousand)
Table 33 Asia Pacific: Quantum Cryptography Market Size, By Component, 2016-2023 (USD Thousand)
Table 34 Asia Pacific: Market Size By Service, 2016-2023 (USD Thousand)
Table 35 Asia Pacific: Market Size By Security Type, 2016-2023 (USD Thousand)
Table 36 Asia Pacific: Market Size By Vertical, 2016-2023 (USD Thousand)
Table 37 Asia Pacific: Market Size By Country, 2016-2023 (USD Thousand)
Table 38 Middle East and Africa: Quantum Cryptography Market Size, By Component, 2016-2023 (USD Thousand)
Table 39 Middle East and Africa: Market Size By Service, 2016-2023 (USD Thousand)
Table 40 Middle East and Africa: Market Size By Security Type, 2016-2023 (USD Thousand)
Table 41 Middle East and Africa: Market Size By Vertical, 2016-2023 (USD Thousand)
Table 42 Middle East and Africa: Market Size By Country, 2016-2023 (USD Thousand)
Table 43 New Product Launches and Product Enhancements, 2017-2018
Table 44 Partnerships, Collaborations, and Agreements, 2016-2018

List of Figures
Figure 1 Quantum Cryptography Market: Research Design
Figure 2 Market Bottom-Up Approach
Figure 3 Market Top-Down Approach
Figure 4 Market Top 3 Segments, 2018
Figure 5 Solutions Segment to Have A Higher Market Share in 2018
Figure 6 Increasing Demand for Customized Business Support System Solutions and Services to Drive the Market Growth
Figure 7 Network Security Type and United States to Hold the Highest Market Shares in 2018
Figure 8 The Americas to Grow at the Highest CAGR During the Forecast Period
Figure 9 The Americas to Emerge as the Best Market for Investment Over the Next 5 Years
Figure 10 Drivers, Restraints, Opportunities, and Challenges: Quantum Cryptography Market
Figure 11 Solutions Segment to Hold A Larger Market Size in 2018
Figure 12 The Americas to Dominate the Solutions Segment During the Forecast Period
Figure 13 The Americas to Dominate the Services Segment During the Forecast Period
Figure 14 Deployment and Integration Segment to Grow at the Highest CAGR During the Forecast Period
Figure 15 The Americas to Hold the Largest Market Size During the Forecast Period
Figure 16 Network Security Segment to Hold A Larger Market Size During the Forecast Period
Figure 17 The Americas to Grow at the Highest CAGR During the Forecast Period
Figure 18 Government and Defense Segment to Hold the Largest Market Size During the Forecast Period
Figure 19 The Americas to Hold the Largest Market Size During the Forecast Period
Figure 20 The Americas: Market Snapshot
Figure 21 Network Security Segment to Hold A Larger Market Size During the Forecast Period
Figure 22 Government and Defense Segment to Hold the Largest Market Size During the Forecast Period
Figure 23 Network Security Segment to Hold A Larger Market Size During the Forecast Period
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Government and Defense Segment to Hold the Largest Market Size During the Forecast Period
Figure 26 Quantum Cryptography Market (Global), Competitive Leadership Mapping, 2018
Figure 27 Market Ranking for the Quantum Cryptography Market, 2018
Figure 28 Key Developments By Leading Players in the Quantum Cryptography Market During 2016-2018
Figure 29 Infineon: Company Snapshot
Figure 30 Mitsubishi Electric: Company Snapshot
Figure 31 IBM: Company Snapshot
Figure 32 HP: Company Snapshot
Figure 33 NEC: Company Snapshot
Figure 34 Toshiba: Company Snapshot
Figure 35 Microsoft: Company Snapshot

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  • Aurea Technology
  • Crypta Labs
  • HP
  • IBM
  • ID Quantique
  • Infineon
  • Isara
  • Magiq Technologies
  • Microsoft
  • Mitsubishi Electric
  • NEC
  • Nucrypt
  • Post-Quantum
  • Qasky
  • Quantum Xchange
  • Quantumctek
  • Qubitekk
  • Quintessencelabs
  • Qunu Labs
  • Qutools
  • Toshiba
Note: Product cover images may vary from those shown
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