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Quantum Key Distribution Market Growth Accelerated By Increasing Concerns Over Cybersecurity

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kiran gire
Quantum Key Distribution Market Growth Accelerated By Increasing Concerns Over Cybersecurity

The global Quantum Key Distribution Market is rapidly expanding owing to the growing concerns regarding cybersecurity breaches and data theft across various sectors such as BFSI, defense, healthcare, and government organizations. Quantum Key Distribution provides encryption keys that can detect any eavesdropping attempts during transmission, making them virtually uncrackable even by quantum computers. These encryption keys ensure secured transmission of sensitive data and prevent identity theft. The global Quantum Key Distribution Market is estimated to be valued at US$ 2.39 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key drivers propelling the growth of the Quantum Key Distribution market is the increasing concerns over cybersecurity. Continuous advancements in technologies such ascloud computing and Internet of Things (IoT) have amplified security vulnerabilities and risks of cyber-attacks across multiple sectors. However, Quantum Key Distribution technology provides encryption keys that are impossible to intercept without detection and are secured even against quantum computers. The encryption keys generated through this technology can detect any eavesdropping or hacking attempts during transmission of sensitive data such as classified government information, financial transactions records, patient's medical records etc. and ensure cybersecurity. This factor is contributing significantly to the rising demand for Quantum Key Distribution systems globally during the forecast period.

Segment Analysis

The global Quantum Key Distribution Market is dominated by Solutions segment which held around 65% of the market share in 2024. The Solutions segment includes Hardware and Software. Hardware solutions for Quantum Key Distribution are in high demand as hardware devices like quantum computers, satellites are essential components of quantum cryptography network. The hardware solutions sub-segment witnesses higher growth compared to software as hardware infrastructures are fundamental and initial requirement for organizations to implement quantum cryptography solutions.

Key Takeaways

The global Quantum Key Distribution market analysis is expected to witness high growth during the forecast period of 2024 to 2031. The market size is anticipated to rise from US$ 2.39 Bn in 2024 to over US$ 21 Bn by 2030, expanding at a CAGR of around 30%.

Regional analysis:

North America region currently dominates the market with over 40% share due to heavy investments by government organizations in research & development of quantum technologies. However, Asia Pacific region is expected to witness fastest growth during the forecast period. This can be attributed to increasing funding by China for quantum cryptography infrastructure development and expanding manufacturing capabilities of solutions providers in other APAC countries like India, Japan, and South Korea.

Key players:

Key players operating in the Quantum Key Distribution market include Pfizer, Inc., Bristol Myers Squibb, Sanofi S.A., F. Hoffmann-La Roche AG, Bayer AG, Novartis International AG, Merck & Co., Inc., AbbVie, GlaxoSmithKline plc, Eli Lilly and Company, Zydus Cadila, Aurobindo Pharma Ltd., Cipla Ltd., Dr. Reddy's Laboratories Ltd., Lupin Ltd., Sun Pharmaceutical Industries Limited, Serum Institute of India Pvt. Ltd., Biocon Limited, Strides Pharma Science Limited, and Unichem Laboratories. These players are focusing on new product launches, partnerships, and enhancing production capacities to strengthen their market position.

Get more insights on this topic: https://www.ukwebwire.com/quantum-key-distribution-market-industry-insightstrendsquantum-key-distribution-market/

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prachiti sharma 2022-06-15
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Bharat Book Bureau Provides the Trending Market Research Report on “Quantum Technologies Global Market - Forecast to 2030” under Life Sciences Market Research Report Category. Global Quantum Technologies Market, 2021 to 2030 Quantum technologies are the most revolutionary technology that works by using the principles of quantum mechanics (the physics of sub-atomic particles), including quantum entanglement and quantum superposition. The government is heavily investing in quantum technologies to obtain potential advantages of these technologies. The quantum technologies global market is expected to grow at a high double digit CAGR of from 2021 to 2030 to reach $3,518. The factors such as growing government and private venture funding for quantum technologies, increasing R&D expenditure of major technology companies to develop quantum technologies, strategic collaboration, partnerships, and mergers for the quantum technologies are driving the quantum technologies global market.
Quantum Dot Market Insights, Growth, Share, Size, Demand 2024-2033
Bhuvan 2024-01-03
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Learn More On The Quantum Dot Market:https://www. The quantum dot market size is expected to see exponential growth in the next few years. Major trends in the forecast period include quantum dot-based quantum computing, regulatory compliance in quantum dot safety, quantum dots in nanomedicine and theranostics, personalized quantum dot applications in healthcare, transparency in quantum dot sourcing and supply chain. The quantum Dot Market report table of contents includes:Executive SummaryQuantum Dot Market CharacteristicsQuantum Dot Market Trends And StrategiesQuantum Dot Market - Macro Economic ScenarioGlobal Quantum Dot Market Size and Growth. Global Quantum Dot Market Competitive BenchmarkingGlobal Quantum Dot Market Competitive DashboardKey Mergers And Acquisitions In The Quantum Dot MarketQuantum Dot Market Future Outlook and Potential AnalysisAppendixTop 5 Major Key Players Are:Crystalplex CorporationInVisage TechnologiesLG Display Co.
Quantum Dots Market Expected to Reach at High Pace by 2025 | Know COVID-19 Analysis | Top Companies- Nanoco Group PLC, Nanosys
Chaitali Mahajan 2020-12-11
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A new market study, titled “Quantum Dots Market” has been featured on Market Research Future which is projected to value USD 8,151.07 million with a CAGR of 26.45% by during the forecast period from 2018 to 2025.

This study compares past and existing market trends to derive industry growth rates for next year.

The report study also detailed qualitative and quantitative analysis in terms of market dynamics, competitive scenarios, opportunity analysis, market growth, industry chain, and more.

Report also specifies growth factors such as the growing demand for quantum dots in display devices and the energy efficiency they provide are driving the growth of the market.The growing demand for quantum dots in display services, the growing demand for energy efficient equipment, and the adoption of quantum dots for solar cells are key factors driving the global quantum dot market in 2020.

Major players operating in the global market are also examined in the report in order to provide readers with a complete overview of the competitive landscape of the market.

In addition, quantum dot technology is being adopted in many fields such as defense, electronics, medical and automotive.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8708Leading Market Players:Nano Elements Source, Nanoco Group PLC (UK), Nanosys, Inc. (the US), QD Laser, Inc. (Japan), Ocean NanoTech (US), NN-Labs, LLC (US),  QD Vision (US), Altair Nanotechnologies Inc. (US), Quantum Material Corp. (US), OSRAM Licht AG (Germany), UbiQD, Inc. (Mexico), Crystalplex Corp. (US), LG Display Co., Ltd (South Korea), Pacific Light Technologies (US), Navillum Nanotechnologies (US), LLC (US).Market Segmentation:The global quantum dots market can be divided on the basis of material, vertical, product, and region.Segmented by material,SiliconCadmium sulfideCadmium selenideCadmium tellurideIndium, zinc sulfideSegmented by vertical, TelecommunicationConsumerCommercialDefenseHealthcareSegmented by product,TransistorsSolar cellsDisplaysPhotodetectorsLed, and others.Segmented by region, Asia-PacificEuropeNorth AmericaRest of the World (RoW)Regional Analysis:As per the analysis, North America is likely to acquire the largest market share in the quantum dots market from 2019 to 2025.

Quantum Dots Market Business Strategy and Market Segments Poised for Strong Growth in Future 2027 | Impact of COVID-19
Soham Patel 2021-11-18
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OverviewThe quantum dots market is projected to grow at a CAGR of 26. As per the quantum dots market research report, the global market for quantum dots is projected to grow swiftly by US$8,151. The Quantum Dot Market research report offers a comprehensive analysis of the global quantum dots market and its material, region, vertical, and product segments. The quantum dots market research report by expert analysts is developed to assist organizations in the quantum dots market. On the basis of vertical, the global quantum dots market can be classified into telecommunication, consumer, commercial, defense, healthcare, and others.
Quantum Cryptography Market Future Analysis, Demand by Regions and Opportunities with Challenges 2025
marketsandmarkets 2022-09-22
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id=45857130Solution segment to account for a higher market share during the forecast periodThe quantum cryptography solutions segment includes the revenue generated from 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), hackerbox, quantum secure communication network products, and repeaters, along with factors essential for the implementation of quantum cryptography. Consultants help enterprises devise security strategies, minimize risks, understand the maturity of their quantum cryptography solutions, and reduce compliance costs. Furthermore, the growing IT management complexity, along with the increasing need for data privacy and security is an important factor driving the quantum cryptography market in the region. The organizations in this region are focusing on securing their applications and networks using various quantum cryptography appliances. About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Quantum Cryptography Market Growth By Key players, Countries, Types And Application, End Users And Forecast To 2028
seema3030 2021-12-08
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This Quantum Cryptography market report is a total overview of the market that takes into account various aspects of product definition, market segmentation, and the existing merchant landscape. This market report is comprehensive and encompasses a mixture of parameters of the market and Quantum Cryptography industry. dbmr=global-quantum-cryptography-marketGlobal Quantum Cryptography Market Scope and Market Size :On the basis of enterprise size, the quantum cryptography market has been segmented into small and medium enterprise (SMEs), and large enterprise. On the basis of deployment protocol, the quantum cryptography market has been segmented into TSL/SSL protocol, and BB84 protocol. MAJOR TOC OF THE REPORTPart One: Quantum Cryptography Market OverviewPart Two: Manufacturers ProfilesPart Three: Global Quantum Cryptography Market Competition, by PlayersPart Four: Global Quantum Cryptography Market Size by RegionsPart Five: Global Quantum Cryptography Market Revenue by CountriesPart Six: Global Quantum Cryptography Market Revenue by TypePart Seven: Global Quantum Cryptography Market Revenue by ApplicationPart Eight: Global Quantum Cryptography Market Revenue by GeographyPart Nine: Global Quantum Cryptography Market Revenue by GeographyPart Ten: Global Quantum Cryptography Market Revenue by GeographyPart Eleven: Global Quantum Cryptography Market Revenue by GeographyGet Detail TOC@ https://www.
Global Quantum Computing Market Data Analysis with Players 2021
data library research 2021-11-25
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Nov 2021, as per the new study published by Data Library Research, titled, “Quantum Computing market by type, application, end use, and region: industry forecast and market potential analysis, 2021-2027,” the global Quantum Computing market is rising at substantial rate and is projected to maintain its progress during the prediction period. utm_source=Free&utm_medium=64 Intended Audience:The report is envisioned for;•   Product Manufacturers/Distributors•   Technology Providers•   IT Companies•   Government Organizations •   For Overall Market Analysis•   Competitive AnalysisImpact of COVIDThe epidemic has disturbed the development in many nations in several domains. Influence of the COVID-19 epidemic continued to be adverse for major key players in the Quantum Computing market. Major players are profiled and the strategies are considered thoroughly to understand competitive outlook of Quantum Computing market. 2 Influence of COVID-19 Outbreak on Quantum Computing Industry DevelopmentAt last, report gives inside out examination of the Quantum Computing Market considering after all the above components, which are valuable for organizations or the individual for development of their current business or individuals who are planning to enter in Quantum Computing industry.