The global quantum cryptography market is projected to witness a steady growth during the forecast period. Increasing concerns related to data security and privacy are preliminary factors driving the market. In addition, rise in use of cloud storage and computing technologies further fuel the market growth.
The global quantum cryptography market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the quantum cryptography market in Asia Pacific is expected to witness a significant growth during the forecast period. India and China are anticipated to drive the growth of the Asia Pacific quantum cryptography market owing to increasing concerns over data security and privacy. The market is likely to show immense growth in the coming future. North America has a well-established infrastructure, which allows higher penetration of devices and ultimately provides better connectivity. Advancements in the technology and shift towards community cloud are other major factors responsible for the growth of the quantum cryptography market.
In the Quantum Cryptography Market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growth in digital intelligent devices and digitization campaigns by Indian government.
The global quantum cryptography market is projected to reach USD 640 Million at a CAGR of over 14% by the end of the forecast period 2017-2023.
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Major Key Players:
Some of the prominent players in the global quantum cryptography market: PQ Solutions (U.K), Infineon (Germany), Qubitekk (U.S), Quintessencelabs (Australia), Nucrypt (U.S), Crypta Labs (U.K), Qutools (Germany), Magiq Technologies (U.S), NEC Corporation (Japan) and Toshiba (Japan).
Global Quantum cryptography Market Segmentation:
The global quantum cryptography market is segmented on the basis of service, application, vertical, and component.
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas Asia Pacific market is projected to grow at the fastest rate during the forecast period. The Asia Pacific market is witnessing rapid growth due to growth in digital data and digital intelligent devices which is further supplemented by digital India campaigns by the Indian government.
The U.S. holds majority of the market share both in terms of revenue as well as adoption of quantum cryptography market.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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List of Tables
Table1 Global Quantum Cryptography Market: By Region, 2017-2023
Table2 North America Quantum Cryptography Market: By Country, 2017-2023
Table3 Europe Quantum Cryptography Market: By Country, 2017-2023
Table4 Asia-Pacific Quantum Cryptography Market: By Country, 2017-2023
Table5 Middle East & Africa Quantum Cryptography Market: By Country, 2017-2023
Continued….
List of Figures
Figure 1 Global Quantum Cryptography Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Quantum Cryptography Market
Figure 4 Value Chain of Global Quantum Cryptography Market
Figure 5 Share of Global Quantum Cryptography Market In 2017, By Country (In %)
Continued…
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