Quantum Cryptography Market 2021-2029
New Study Reports " Quantum Cryptography Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2029" has been Added on MarketResearchFuture.
Report Details:
This report provides in depth study of “Quantum Cryptography Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Quantum Cryptography Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Quantum Cryptography market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
This report also analyzes the impact of Coronavirus COVID-19 on the Quantum Cryptography industry.
The global quantum cryptography market is anticipated to exhibit a high CAGR of 26% during the forecast period (2019- 2029).
While using a traditional method of encryption, data is transferred in an encoded form over a public network along with a key to enable the receiver to decode the data. This poses a high risk of losing information about the key, which can result in data loss. Users have started to adopt quantum cryptography to overcome this problem, which uses the quantum key distribution (QKD) method that transfers a special key using light/photons instead of a public channel. Quantum cryptography provides high security and ensures confidentiality of data over a conventional method.
On back of increasing applications across different industry verticals, such as banking and financial services, IT and telecom, and government and defense,
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Key Players:
The report has profiled some of the Important players prevalent in the global like – ID Quantique, Qubitekk, Quantum XC, QuintessenceLabs, PQ Solutions Limited, Toshiba Corporation, Infineon Technologies AG, Thales (Gemalto), MagiQ Technologies, Crypta Labs Ltd., Anhui Qasky Quantum Technology Co. Ltd., ISARA Corporation, QuantumCTek Co., Ltd., QuNu Labs Pvt. Ltd. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Quantum Cryptography.
Key Takeaways of Quantum Cryptography Market Study
- Technology companies are partnering with various universities, with an objective to accelerate their research on quantum cryptography.
- The quantum cryptography software segment is anticipated to grow at a significant rate, due to the increasing usage of quantum technology for encryption in present times.
- Rising adoption of quantum computers is boosting the demand for quantum cryptography solutions, as quantum computers can easily decode public key encryption.
- North America dominates the global quantum cryptography market, owing to the presence of key players and vast number of quantum technology users in the region.
“Military applications across various fields such as artificial intelligence, big data analytics, advanced robotics, and complex systems simulation have been identified as lucrative for players offering quantum cryptography solutions and services. Implications of quantum cryptography solutions have strategic importance in the economic field, international affairs, and national security of a country,” says a PMR analyst.
Strategic Alliances to Upgrade Product Offerings Propelling Quantum Cryptography Market Growth
In this fast-growing market, it is difficult for quantum cryptography solution providers to specialize in everything, making alliances or partnerships essential for growth in the market. Companies must focus on novel and innovative solutions in order to defend their current position in the quantum cryptography market.
For instance, in July 2019, Utimaco GmbH, a leading software and hardware security modules provider, partnered with ISARA to utilize PQC (Post Quantum Cryptography) software provided by ISARA Corporation. This partnership will enable its users to have encrypted and secured communication that cannot be decrypted by other computers.
Key Stakeholders
Quantum Cryptography Market Manufacturers
Quantum Cryptography Market Distributors/Traders/Wholesalers
Quantum Cryptography Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Quantum Cryptography Market Report:
- The Quantum Cryptography Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Quantum Cryptography Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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