Quantum Cryptography Solutions Market by End-user and Geographic Landscape - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43178
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The quantum cryptography solutions market has the potential to grow by USD 243.23 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 23.78%.

This quantum cryptography solutions market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (defense, government and public sector, BFSI, telecom, and others) and geography (North America, Europe, APAC, MEA, and South America). The quantum cryptography solutions market report also offers information on several market vendors, including Honeywell International Inc., Infineon Technologies AG, International Business Machines Corp., MagiQ Technologies Inc., Quantum Xchange, Qubitekk Inc., QuintessenceLabs Pvt. Ltd., Raytheon Technologies Corp., SK Telecom Co. Ltd., and Toshiba Corp. among others.

What will the Quantum Cryptography Solutions Market Size be in 2021?

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Quantum Cryptography Solutions Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The un-hackability of photons assured by laws of QM is notably driving the quantum cryptography solutions market growth, although factors such as high R&D and implementation costs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the quantum cryptography solutions market industry get your FREE report sample now.

  • Quantum cryptography relies on the quantum state of photons to exchange key data. Hence, data privacy is assured with infinite computing power even in the presence of eavesdroppers.
  • Photons are impossible to intercept or steal as their nature would have been modified by any act of observation or interception during transfer.
  • Quantum cryptography is superior to traditional cryptography due to the un-hackability of photons assured by the laws of QM, which is one of the factors driving the adoption of quantum cryptography solutions that is supporting the quantum cryptography solutions market growth.
  • The growing awareness about such cyber-attacks is increasing the adoption of quantum cryptography.  
  • The increasing focus on IT security and data privacy will increase the adoption of quantum computing by organizations, which could render traditional encryption obsolete due to improvements in computational power.

This quantum cryptography solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Quantum Cryptography Solutions Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Honeywell International Inc.
  • Infineon Technologies AG
  • International Business Machines Corp.
  • MagiQ Technologies Inc.
  • Quantum Xchange
  • Qubitekk Inc.
  • QuintessenceLabs Pvt. Ltd. 
  • Raytheon Technologies Corp.
  • SK Telecom Co. Ltd.
  • Toshiba Corp.

 

The quantum cryptography solutions market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the quantum cryptography solutions market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Quantum Cryptography Solutions Market?

Quantum-Cryptography-Solutions-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from North America during the forecast period. The US is the key market for the quantum cryptography solutions market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The quantum cryptography solutions market in North America is primarily driven by the fact that the region is an early adopter of advanced technologies such as cognitive computing and machine learning. The early adoption of such technologies has resulted in the comprehensive, advanced technology ecosystem in the region and extensive digitization across private as well as public sectors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Quantum Cryptography Solutions Market?

Quantum-Cryptography-Solutions-Market-Market-Share-by-End-2020-2025

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The need for a highly secure military weapon, surveillance, and communication systems to bolster the security interests in countries is primarily driving the adoption of quantum cryptography solutions in the defense segment. Quantum cryptography will be able to provide distinct military and international diplomacy advantages in the post-quantum era. Funding and investments in developing quantum-safe technologies such as quantum cryptography from military superpowers such as the US and China are on a high, which is expected to further drive the global quantum cryptography solutions market in this segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the quantum cryptography solutions market size.

 

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What are the Key Factors Covered in this Quantum Cryptography Solutions Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive quantum cryptography solutions market growth during the next five years
  • Precise estimation of the quantum cryptography solutions market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the quantum cryptography solutions industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of quantum cryptography solutions market vendors

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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.

TechnavioINFORMATION SOURCES

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
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TechnavioDATA ANALYSIS

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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The quantum cryptography solutions market growth will increase by $2709.26 million during 2019-2024.
The quantum cryptography solutions market is expected to grow at a CAGR of 38.70% during 2019-2024.
Technavio has segmented the quantum cryptography solutions market by end user (G and P, Defense, BFSI, Telecom, and Others) and geographic (North America, Europe, APAC, and South America).
Honeywell International Inc., Infineon Technologies AG, International Business Machines Corp., MagiQ Technologies Inc., Quantum Xchange, Qubitekk Inc., QuintessenceLabs Pty. Ltd. , Raytheon Co., SK Telecom Co. Ltd., Toshiba Corp. are a few of the key vendors in the quantum cryptography solutions market.
North America will register the highest growth rate of 35.83% among the other regions. Therefore, the quantum cryptography solutions market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the quantum cryptography solutions market growth are:
  • Un-hackability of photons assured by laws of QM
  • Emergence of QKD as a service
The quantum cryptography solutions market vendors should focus on grabbing business opportunities from the g and p segment as it accounted for the largest market share in the base year.
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