Global Quantum Cryptography Market is expected to reach USD 1584.1 Million by 2024 from USD 284.5 Million in 2016 at a CAGR of 27.8%. This is a comprehensive global report focused on the current and future prospects of the Global Quantum Cryptography Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and microenvironmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Quantum Cryptography Market has been done in order to calculate the growth rates for each segment and sub-segments.
The key driving factor for this market include the growing incidents of cyber-attacks, technological advancements in next-generation wireless network systems, and rapid growth in the adoption rate of cloud storage & cloud computing are driving this market.
The server sub-segment is anticipated to hold the largest market share over the forecast period, and anticipated to dominate the segment over the forecast period this is majorly due to servers are mainly used for data encryption and help maintain data secrecy. Moreover, they provide high-quality encryption, key generation, and distribution.
Geographically, the Global Quantum Cryptography Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the APAC region is anticipated to dominate the market over the forecast period majorly due to the factors such as a region is expected to grow at the highest CAGR during the forecast period in the quantum cryptography market. Moreover, major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions.
Global Quantum Cryptography Market
Key Highlights:
- Complete analysis with respect to individual growth trends is incorporated within the scope of our study.
- Assessment of market definition along with the identification of key drivers, restraints opportunities for this market
- Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies is profiled.
- Detailed quantitative analysis of the current and future trends for the forecast period has been profiled.
- Global Quantum Cryptography Market analysis and segmentation with respect to the component, application, organization size, vertical and geography.
- Global Quantum Cryptography Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions
The years that have been considered for the study are:
- Base year – 2016
- Estimated year – 2017
- Forecast period – 2017 to 2024
Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Quantum Cryptography Market.
Global Quantum Cryptography Market
The major key players that influence the growth of Global Quantum Cryptography Market includes:
- Nucrypt
- Magiq Technologies
- Qutools
- Quintessencelebs
- Id Quantique
- Crypta Labs
- PQ Solutions
- Crypta Labs
- Infineon
- PQ Solutions
- Qutools
- Ust Global
Key Target Audience:
- Encryption solution providers
- Application security service providers
- Quantum cryptography vendors
- System integrators/network security service providers
- Training and education service providers
- Consultancy firms/advisory firms
- Data integration service providers
- Quantum computing and quantum cryptography R&D firms
- Managed service providers
The scope of the Global Quantum Cryptography Market Report:
Research report categorizes the Global Quantum Cryptography Market based on component, application, organization size, vertical and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Quantum Cryptography Market with key developments in companies and market trends
Global Quantum Cryptography Market, by Component:
Global Quantum Cryptography Market, by Organization Size:
- Small & Medium Enterprises
- Large Enterprises
Global Quantum Cryptography Market, by Application:
- Network Security
- Application Security
- Database Encryption
Global Quantum Cryptography Market, by Vertical:
- Telecom & IT
- Healthcare and Life sciences
- Government & Defense
- BFSI
- Consumer Good & Retail
Global Quantum Cryptography Market, by Geographies:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Geographic Analysis:
- Breakdown of North America Quantum Cryptography Market
- Breakdown of Europe Quantum Cryptography Market
- Breakdown of Asia Pacific Quantum Cryptography Market
- Breakdown of Middle East & Africa Quantum Cryptography Market
- Breakdown of Latin America Quantum Cryptography Market
Available Customization:
Maximize Market Research offers customization of the report and the scope of the report according to the specific requirement of our clients.
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