Quantum Cryptography Market Growth to Propel on the Back of Rise in Cyber-Attacks During 2021-2031
A new analysis by Fact.MR predicts worldwide demand for quantum cryptography to surge at a stellar CAGR of nearly 30% over the decade, with market revenue being valued at approximately US$ 550 Mn globally, at present.
Surging digitization trend has also increased the risk of cyber-threats and attacks. In this information age, it has become imperative to protect data, being an extremely valuable asset to any company. The global quantum cryptography market is driven by high demand for unique and secure solutions to safeguard data against malicious and unauthorized access.
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Prominent Key Players Of The Quantum Cryptography Market Survey Report:
- ID Quantique
- MagiQ Technologies
Key companies in the global quantum cryptography market are focusing on developing the technology and are investing in commercializing it. Market players are looking to accomplish this by adopting different sales and marketing strategies, and are also trying to educate people on the merits of the technology.
Research in quantum technology is speeding up, and its potential is expected to be fully realized through this.
- Toppan Printing and National Institute of Information and Communications Technology (NICT) are collaborating to develop smart cards that will also be equipped post-quantum public key cryptography.
- Japanese firms have launched their first study on the use of quantum cryptography in the security of stock trading. They plan to do this by using a cryptographic device by Toshiba, and run tests at brokerage unit of Nomura Securities Co. Results would then be evaluated to check its efficiency and impact.
- ISRO (Indian Space Research Organization) has also demonstrated its free-space quantum communication technology, which used quantum-key encrypted signals. This is its step forward in creating a secured satellite data communications system.
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Categorization of Quantum Cryptography Industry Research
- By Component:
- By Service:
- Quantum Cryptography Consulting and Advisory Services
- Quantum Cryptography Deployment and Integration Services
- Quantum Cryptography Support and Maintenance Services
- By Security:
- Network Security
- Application Security
- By End Use:
- Use of Quantum Cryptography in Government and Defense Sector
- Use of Quantum Cryptography in BFSI Sector
- Use of Quantum Cryptography in Retail Sector
- Use of Quantum Cryptography in Healthcare Sector
- Use of Quantum Cryptography in Automotive Sector
What insights does the Quantum Cryptography Market report provide to the readers?
- Quantum Cryptography fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Quantum Cryptography player.
- Various regulations imposed by the governments on the consumption of Quantum Cryptography in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Quantum Cryptography.
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The report covers following Quantum Cryptography Market insights and assessment that are helpful for all participants involved in the Quantum Cryptography market:
- Data on recently introduced regulations and their impact on key industries and on demand in Quantum Cryptography
- Latest industry Analysis on Quantum Cryptography Market, with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Quantum Cryptography Market and changing consumer preferences in major industries.
- Changing Quantum Cryptography demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Quantum Cryptography major players
- Quantum Cryptography Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Quantum Cryptography demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Quantum Cryptography Market report include:
- How the market for Quantum Cryptography has grown?
- What is the present and future outlook of the global Quantum Cryptography on the basis of region?
- What are the challenges and opportunities for the Quantum Cryptography?
- Why the consumption of Quantum Cryptography highest in region?
- In which year segment is expected to overtake segment?
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