Press Release / Technology / Quantum Cryptography Market 2019, Growth, Shares, Opportunities and Forecast 2023

Quantum Cryptography Market 2019, Growth, Shares, Opportunities and Forecast 2023

Market Overview

According to Market Research Future Analysis, the global Quantum Cryptography market is estimated to generate revenue of approximately USD 640 million by 2023 growing at a CAGR of 14% during the forecast period 2017-2023.Quantum Cryptography market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Increasing data security and privacy concerns is driving the growth of the market.

Access Sample Report @ https://www.marketresearchfuture.com/sample_request/4836

Companies such as Nucrypt, Crypta Labs, Qutools, and Magiq Technologies are some of the major players in the global Quantum Cryptography market. Nucrypt develops technologies for emerging applications in metrology and communication. The company produces and manufacture electronic and optical pulsers. Crypta Labs deals in application security for devices. The company deals in Quantum Random Number Generator products and solutions and Internet of Things (IoT). The major sectors company looks at is transport, military and medical. The company Qutools develops Smart tools for quantum optics. The company deals in quantum information products which include quantum cryptography systems.

The growing trend of Bring your own device (BOD) is a factor favoring growth for the market. However, lack of skills and expertise needed hampers the market growth. The gaining popularity integrated solutions is expected to expected to create lucrative opportunities for the market.

key players

Some of the key players in the market: PQ Solutions (U.K), Infineon (Germany), Qubitekk (U.S), Quintessencelabs (Australia), Nucrypt (U.S), Crypta Labs (U.K), Qutools (Germany), Magiq Technologies (U.S), NEC Corporation (Japan) and Toshiba (Japan).

Market Segmentation

The global quantum cryptography market has been segmented on the basis of service, application, vertical, and component. The application segment is classified into database encryption, application security and network security. The network security segment is expected to hold the major share of the market owing to the evolution of next generation wireless network technologies.

The global quantum cryptography market can be segmented on the basis of service, application, vertical, component and end user. The vertical segment is further segmented into banking and financial services, consumer goods and retail, government and defense, IT and telecom, healthcare and life sciences. The increased amount of data in the BFSI and need to increase the security and privacy is expected to drive the market.

Get more details @ https://www.marketwatch.com/press-release/quantum-cryptography-market-2018-global-size-value-share-trends-growth-factors-and-regional-forecast-to-2023-2018-08-31

Latest Industry News

The UK’s first quantum network has been launched in Cambridge. This network enables “unhackable” communications that have been, made secure by the laws of physics. 13 JUNE 2018

Startup Quantum Xchange announced that with the new funds worth US $10 mn received via seed funding, it would be launching the first-ever quantum fiber optic network in the USA. This network has been designed to protect data in transmission from attacks powered by quantum computers. The new fiber optic quantum network will be used to power the company’s commercial Quantum Key Distribution service that has been designed to address the shortcomings of present-day encryption standards. 26 JUNE 2018

Regional Analysis:

The regional segmentation of about global quantum cryptography market includes North America, Europe, Asia Pacific, Middle East & Africa (MEA), Latin America and rest of the world (RoW). According to the report, North America is estimated to grow significantly and account for the largest share of the market during the forecast period. The North American market growth has been attributed to high adoption of cloud based applications and advanced safety and security concerns. In North America, the biggest markets are the United States of America (USA), Canada and Mexico. Europe also has technological advancements and its population is more than North America. Therefore, quantum cryptography has a huge market in Europe as well. The biggest markets of Europe region are France, Germany, and the United Kingdom (UK). During forecast period, Asia Pacific is projected to grow at the fastest rate. Technologically, Asia Pacific still lags behind North America and Europe but it is still catching up. According to this report, the biggest markets for quantum cryptography in Asia Pacific region are China, India and Japan, with other countries of Asia Pacific, slowly and steadily catching up. In MEA region, market is small and limited due to poverty, poor infrastructure and limited internet connectivity.

Access Report Details @ https://www.marketresearchfuture.com/reports/quantum-cryptography-market-4836

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com