Global Quantum Cryptography Market (2020 to 2025) – Increasing Need for Integration Solutions Presents Opportunities – Yahoo Finance

Dublin, Aug. 10, 2020 (GLOBE NEWSWIRE) -- The "Quantum Cryptography Market by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global quantum cryptography market size is estimated to be USD 89 million in 2020 and is projected to reach USD 214 million by 2025, at a CAGR of 19.1%

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), hacker box, 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 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 purposes 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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights4.1 Attractive Opportunities in the Quantum Cryptography Market4.2 Market in the Americas, by Security Type and Country4.3 Market: Investment Scenario

5 Market Overview and Industry Trends5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Growing Cyber Attacks in the Era of Digitalization5.2.1.2 Increasing Cybersecurity Funding5.2.1.3 Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies5.2.1.4 Evolving Next-Generation Wireless Network Technologies5.2.2 Restraints5.2.2.1 High Implementation Cost5.2.2.2 Lack of Expertise5.2.3 Opportunities5.2.3.1 Spur in Demand for Security Solutions Across Industry Verticals5.2.3.2 Increasing Need for Integration Solutions5.2.4 Challenges5.2.4.1 Quantum Cryptography Commercialization5.2.4.2 Technological and Implementation Challenges5.3 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis5.3.1 COVID-19 Dynamics Impacting Market Growth5.4 Industry Trends5.4.1 Quantum Cryptography Protocols5.4.1.1 Bb84 Protocol5.4.1.2 B92 Protocol5.4.1.3 Sarg04 Protocol5.4.1.4 E91 Protocol5.4.1.5 SSP Protocol5.4.2 Quantum Cryptography Types5.4.2.1 Position-Based Quantum Cryptography5.4.2.2 Device-Independent Quantum Cryptography5.4.2.3 Bounded- and Noisy-Quantum-Storage Model5.4.3 Quantum Cryptography Margins5.4.3.1 Quantum Repeaters5.4.3.2 Point-To-Point Communication5.4.3.3 Vulnerable to Attacks5.4.4 Future Scope of Quantum Cryptography5.4.5 Use Cases

6 Quantum Cryptography Market, by Component6.1 Introduction6.2 Solutions6.2.1 Increasing Need to Encrypt Critical Information Without Any Leakage6.3 Services6.3.1 Growing Need for Expert Assistance for a Customized Solution

7 Quantum Cryptography Market, by Service7.1 Introduction7.2 Consulting and Advisory7.2.1 Increasing Demand for Consultation to Resolve Hindrances for Commercial Clients' Business Growth7.3 Deployment and Integration7.3.1 Rising Need for Secure Data Transmission7.4 Support and Maintenance7.4.1 Demand for Support and Maintenance Services for the Implementation and Use of Hardware

8 Quantum Cryptography Market, by Security Type8.1 Introduction8.2 Network Security8.2.1 Growing Need to Ensure the Integrity and Usability of Network and Information8.3 Application Security8.3.1 Increasing Demand to Protect Applications from Intruders

9 Quantum Cryptography Market, by Vertical9.1 Introduction9.2 Government and Defense9.2.1 Increasing Need to Secure Confidential Data from Thefts and Unauthorized Access9.2.2 Government and Defense: COVID-19 Impact9.3 Banking, Financial Services, and Insurance9.3.1 Need to Cater to Financial Security, Online Fund Transfer Security, and Data Security9.3.2 Banking, Financial Services, and Insurance: COVID-19 Impact9.4 Retail9.4.1 Increasing Adoption of Quantum-Safe Encryption Hardware to Encrypt and Protect Customers' Confidential and Private Information9.4.2 Retail: COVID-19 Impact9.5 Healthcare9.5.1 Need to Improve the Proficiency of Clinical and IT Staff and Provide Real-Time Information Access During Emergencies Such as Pandemic9.5.2 Healthcare: COVID-19 Impact9.6 Automotive9.6.1 Increasing Demand to Provide Physical Access and Protection to Confidential Information and Critical Safety Systems9.6.2 Automotive: COVID-19 Impact9.7 Others

10 Quantum Cryptography Market, by Region10.1 Introduction10.2 the Americas10.2.1 Americas: COVID-19 Impact10.2.2 United States10.2.2.1 Increase in Funding and Adoption of Quantum Technology10.2.3 Canada10.2.3.1 Growing Need for a Developed Quantum Ecosystem10.2.4 Rest of Americas10.3 Europe10.3.1 Europe: COVID-19 Impact10.3.2 United Kingdom10.3.2.1 the Need to Deliver Quantum Encryption Systems That Enable Secure Data Transactions and Transmissions10.3.3 Germany10.3.3.1 Need to Explore the Development of Highly Secure Communication Links to Recognize Every Attack10.3.4 Rest of Europe10.4 Asia-Pacific10.4.1 Asia-Pacific: COVID-19 Impact10.4.2 China10.4.2.1 China to Gather Quantum Technology Researchers to Enhance Its Cybersecurity Space10.4.3 Japan10.4.3.1 Upsurge Demand for Quantum Communication10.4.4 India10.4.4.1 the Need to Revolutionize Future Computation and Communication Systems10.4.5 Rest of Asia-Pacific10.5 Middle East and Africa10.5.1 Middle East and Africa: COVID-19 Impact10.5.2 Middle East10.5.2.1 Growing Demand for Securing Business Content10.5.3 Africa10.5.3.1 Increasing Number of Security Initiatives

11 Competitive Landscape11.1 Overview11.2 Competitive Leadership Mapping (Start-Up/SMSE)11.2.1 Progressive11.2.2 Responsive11.2.3 Dynamic Companies11.2.4 Starting Blocks11.3 Market Ranking11.4 Competitive Scenario11.4.1 New Product Launches and Product Enhancements11.4.2 Partnerships, Collaborations, and Agreements

12 Company Profiles12.1 Id Quantique12.2 QuintessenceLabs12.3 Crypta Labs12.4 Qasky12.5 Qubitekk12.6 Isara12.7 Post-Quantum12.8 Quantumctek12.9 Magiq Technologies12.10 Nucrypt12.11 Quantum Xchange12.12 Aurea Technology12.13 Qutools12.14 Qunu Labs12.15 Infineon12.16 Mitsubishi Electric12.17 IBM12.18 Hp12.19 NEC12.20 Toshiba12.21 Microsoft12.22 Raytheon Technologies12.23 Crypto Quantique12.24 Qrypt12.25 Onboard Security (Qualcomm)

13 Adjacent/Related Market13.1 Cybersecurity Market13.1.1 Market Definition13.1.2 Market Overview13.1.3 Cybersecurity Market, by Component13.1.4 Cybersecurity Market, by Industry Vertical13.2 Quantum Computing Market13.2.1 Market Definition13.2.2 Market Overview13.2.3 Quantum Computing Market, by End-Use13.3 Encryption Software Market13.3.1 Market Definition13.3.2 Market Overview13.3.3 Encryption Software Market, by Industry Vertical

14 Appendix

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Global Quantum Cryptography Market (2020 to 2025) - Increasing Need for Integration Solutions Presents Opportunities - Yahoo Finance