Quantum Cryptography Market Valued $1353.70 Million Dollar by 2026: ID Quantique, QuintessenceLabs, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., PQ Solutions Limited and others

Quantum Cryptography market is undergoing a face change in the forecasted years of 2019 to 2025 and the following report will assist you in making decisions regarding the Semiconductors & Electronics industry and the market. This Quantum Cryptography report provides you with the detailed market definition, classifications, applications and the key market trends which can make a great difference when it comes to Quantum Cryptography market in this Semiconductor & Electronics industry. The report further contains the market drivers and restraints of the Quantum Cryptography market which are derived from SWOT analysis.

Market Analysis:

Global Quantum Cryptography Market is driven by rise in funding of cyber security, which is projecting a rise in estimated value from USD 102.56 million in 2018 to an estimated value of USD 1353.70 million by 2026, registering a CAGR of 38.06% in the forecast period of 2019-2026.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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Key Competitors:

  1. ID Quantique
  2. Quintessence Labs
  3. NuCrypt
  4. Anhui Qasky Quantum Technology
  5. PQ Solutions Limited
  6. MagiQ Technologies
  7. ISARA Corporation
  8. Quantum XC
  9. IBM Corporation
  10. Mitsubishi Electric Corporation and more

Key Developments in the Market:

  • In October 2018, ID Quantique & InfoSec Global collaborated together for providing virtual private network (vpn) which is quantum safe. this particular technology has been developed by combining the  quantum random number generator  technology of id quantique & cryptographic agility of infosec global
  • In September 2018, high-speed quantum cryptographic communications have been successfully applied at Ohoku University by tohoku medical megabank organization & Toshiba Corporation. It is world’s first cryptographic communications with over 10 mbps speed.

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Segmentation:

Component

  • Solutions
  • Services

By Service

  • Consulting and Advisory
  • Deployment and Integration
  • Support and Maintenance

By Security Type

  • Network Security
  • Application Security

By Vertical

  • Government and Defence
  • Banking, Financial Services, and Insurance
  • Retail
  • Healthcare
  • Automotive
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia Pacific

Market Drivers & Restraints:

  • Increasing demand for security solutions of IoT & cloud technologies as these are being used by every data company
  • Increasing need for reducing cyber-attacks in this growing era of digital crime
  • The cost of implementation of this system is very high
  • Shortage of technical expertise within the area of quantum cryptography & its technologies

Competitive Analysis:

Global quantum cryptography market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of quantum cryptography market for global, Europe, North America, Asia Pacific and South America.

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Posted by on Tuesday March 19 2019, 7:30 AM EDT. All trademarks acknowledged. Filed under Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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