Quantum Cryptography Market – Report serves as a Repository of Analysis and Information for every Facet of the Market 2025 – Media Releases – CSO…

The report offers an unbiased opinion about the factors that likely to drive the global quantum cryptography market and restrain it. The study contains a brief profile of key players in the industry and their upcoming market plans and current developments.

The global quantum cryptography market is expected to grow from USD 107.02 Million in 2017 to USD 759.51 Million by 2025 at a CAGR of 39.61% during the forecast period from 2018-2025, according to the new report published by Fior Markets. The rising cyber-attack occurrences due to growing digitalization, increasing cyber security investments, and sprouting next-generation wireless network technologies is driving the market growth.

Solutions segment valued around USD 60.82 Million in 2017

Component segment covers solutions and services. The solutions segment valued around USD 60.82 Million in 2017 due to increasing need to encrypt critical information without any leakage. The increasing deployment of cloud and IoT technologies as well as wireless network technologies has majorly increased the demand for the quantum cryptography solutions.

IT and telecom segment is held largest market share of 23.11% in 2017

Vertical segment is divided into government and defense, BFSI, retail, healthcare, automotive, IT and telecom, and others. IT and telecom segment dominated the market with the market size of USD 24.73 Million in 2017. This increasing industry size was due to necessity for secured network owed to network vulnerabilities and privacy concerns. With the help of quantum cryptography, third party is unable to encrypted data and this has increased deployment and integration of quantum cryptography systems. This will decreased the cyber security attacks and will further lead to the growth of IT and telecom segment in future.

Network security segment is anticipated to hold market share of 38.32% over the forecast period

Application segment is segmented into database encryption, application security, and network security. Network security segment is anticipated to hold market share of 38.32% over the forecast period. Here, contributing factors are demand for integrity and usability of networks, prevention and misuse due to unauthorized access, and denial of network-accessible resources.

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Regional Segmentation Analysis:

The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region valued around USD 36.80 million in 2017. Increasing cyber-attacks, presence of major players, higher adoption of encryption-based application, and rapid technological advancements are some of the factors that led to the growth of quantum cryptography market in North America region.

Competitive Analysis:

The major players of market include Key players in the quantum cryptography market are QuintessenceLabs, QuantumCTek, ID Quantique, Quantum Xchange, Crypta Labs, Qubitekk, Post-Quantum, Aurea Technologies, qutools, Infineon, Mitsubishi Electric, IBM, NuCrypt, Qasky, MagiQ Technologies, ISARA, QuNu Labs, HP, NEC, Toshiba, and Microsoft, others.

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Quantum Cryptography Market - Report serves as a Repository of Analysis and Information for every Facet of the Market 2025 - Media Releases - CSO...