Global Quantum Cryptography Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12632

Enjoy complimentary customisation on priority with our Enterprise License!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

This market research report identifies HP Development Company, ID Quantique, IBM, And Nokia as the key vendors in the global quantum cryptography market. This report also presents a detailed analysis of the market by end-user (governing and regulatory bodies, large enterprises, and SMEs) and by geography (the Americas, APAC, and EMEA).

Overview of the global quantum cryptography market

Technavio’s market research report predicts that the global quantum cryptography market will post a CAGR of above 33% during the forecast period. The implementation of bring your own device (BYOD) is one of the primary drivers for the growth of the growth. The adoption of BYOD policy provides employees the facility to access organizational applications and data on personal devices such as desktops, laptops, tablets, and smartphones. This will enable them to work from any location without any time constraints, which will increase the productivity and also reduce the organization’s operating costs. Owing to such benefits, there is an increasing trend among the small and medium-sized businesses (SMBs) towards adopting the BYOD policy to cut down their operational costs. This increasing adoption of the BYOD policy will subsequently increase the need for solutions to avoid unauthorized access to confidential data, which will in turn, fuel the growth of the quantum cryptography market.

One of the latest trends that will gain prominence in the global quantum cryptography market is the rising use of biometrics for network security. Biometric technologies such as fingerprint recognition and facial recognition are a vital part of the security of organizations in the banking, financial services, and insurance (BFSI) and healthcare sectors. The integration of biometric technologies with various software types will offer improved security to data transmitted through emails. One of the major biometric services providers Ceelox already offers a software application that uses biometric traits of an individual such as fingerprints, for encrypting and decrypting information in e-mails.

Competitive analysis and key vendors

The global quantum cryptography market is fragmented due to the presence of numerous multinational vendors and small regional players. With the rise in the need for quantum cryptography solutions among the BFSI, healthcare, and government agencies, the market’s competitive environment will intensify in the coming years. Additionally, the rise in solution extensions, technological innovations, and M&A activities will also intensify the level of competition among the market players. To gain a competitive leverage in the market, it becomes imperative for vendors to differentiate their offerings using unique value proportions.

Key vendors in the market are:

  • HP Development Company
  • ID Quantique
  • IBM
  • Nokia

Other prominent vendors include Airbus, Alibaba Group, BT, Google, Infineon Technologies, Intel, KPN, Lockheed Martin, MagiQ Technologies, McAfee, Microsoft, Mitsubishi Electric, NEC Corporation, NTT Communications, QuintessenceLabs, Raytheon, SK Telecom, and Toshiba.

Segmentation by end-user and analysis of the quantum cryptography market

  • Governing and regulatory bodies
  • Large enterprises
  • SMEs

During 2016, the governing and regulatory bodies segment dominated the quantum cryptography market and is expected to continue its dominance over the next four years. Factors such as the adoption of e-government initiatives, the availability of online utility bill payment options, and the rise in number of corporate accounts, will drive the growth of this market segment.

Geographical segmentation and analysis of the quantum cryptography market

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas led the global quantum cryptography market during 2016 and is anticipated to continue the dominion during the forecast period. The prevalence of insider frauds in organizations and the rising focus on web-based businesses by several organizations in sectors such as BFSI, healthcare, and e-commerce in the US, will be the major factor driving the growth of the market. Additonally, the rising number of cyber attacks will also accelerate the demand for quantum cryptography in the Americas in the next few years.

Key questions answered in the report include

  • What will the quantum cryptography market size and growth rate be in 2021?
  • What are the key factors driving the global quantum cryptography market?
  • What are the key market trends impacting the growth of the global quantum cryptography market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global quantum cryptography market?
  • What are the market opportunities and threats faced by the vendors in the global quantum cryptography market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global quantum cryptography market?

Technavio also offers customization on reports based on specific client requirement.

Quantum cryptography has a wide variety of applications in cryptographic tasks, the most prominent being quantum key distribution (QKD), which solves the key exchange problem. Here the encryption is guaranteed by the laws of physics, as it is impossible for an eavesdropper to copy or decode data in a quantum state, or else part of the information will be destroyed leading to detection. Huge potential lying in this area has lead Technavio to work on its upcoming report on global quantum cryptography market which includes its applications in various industry, technological advancements, and market potential.

Technavio uses extensive primary and secondary research methods to get a broad overview of this market regarding factors like market size, growth rate, key players, and demand across different geographical areas. The upcoming report on global quantum cryptography market for the forecast period of 2017-2021, will help clients get a broad overview of the market to devise effective strategies.

The upcoming report on global quantum cryptography market also considers the growth of global hybrid could services market and global SaaS-based IT security market, which are expected to grow at a CAGR of around 20% and 22%, respectively, for the forecast period of 2016 to 2020. Encryption is a basic necessity for all tasks performed online, whether to send a secretive data, make online payments, or transmit sensitive information. In an age where hackers are evolving by cracking every possible means of encryption, quantum cryptography is taking the limelight as it is impossible to break laws of physics in order to gain unauthorized access. Apart from syndicated reports, Technavio also works on reports customized as per the need of client to gain information on specific industry application or geographical market.

The upcoming research report also includes the scope of technology, future advancements, key players, competitive landscape, and challenges faced by the industry. The report also discusses innovation and advancements in IT security and data center market.

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast

PART 06: Five forces analysis

  • Five forces analysis

PART 07: Market segmentation  by end-user

  • Governing and regulatory bodies
  • Large enterprises
  • SMEs

PART 08: Geographical segmentation

  • Americas
  • EMEA
  • APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

PART 12: Vendor landscape

  • Competitive scenario

PART 13: Key vendor analysis

  • HP Development Company
  • ID Quantique
  • IBM
  • Nokia
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your sample now!
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO recognized

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted

  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>