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Quantum Cryptography Market Valued $1353.70 Million Dollar by 2026 | A report by ID Quantique, QuintessenceLabs, NuCrypt, Anhui Qasky Quantum Technology, PQ Solutions Limited and others

Quantum Cryptography market research report contains a key data about the market, emerging trends, product usage, motivating factors for customers and competitors. Quantum Cryptography is a detailed market research report that serves this purpose and gives your business a competitive advantage. This excellent market report evaluates the existing state of the market, market size and market share, revenue generated from the product sale, and essential changes required in the future products. The data included in quantum cryptography report not only lends a hand to plan the investment, advertising, promotion, marketing and sales strategy more valuably but also assists in taking sound and efficient decisions.

A skillful set of analysts, statisticians, research experts, forecasters, and economists work carefully to build this quantum cryptography market research report for the businesses seeking a prospective growth. These parameters mainly include latest trends, market segmentation, new market opening, industry forecasting, target market analysis, future directions, opportunity identification, strategic analysis, insights and innovation. This market research report makes you knowledgeable about strategic analysis of mergers, expansions, acquisitions, partnerships, and investment. Quantum Cryptography market research analysis lends a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and marketing strategies.

Market Analysis:

Global Quantum Cryptography Market is driven by rise in funding of cyber security, which is projecting a rise in estimated value from USD 102.56 million in 2018 to an estimated value of USD 1353.70 million by 2026, registering a CAGR of 38.06% in the forecast period of 2019-2026.

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Key Competitors in Quantum Cryptography Market:

  • ID Quantique
  • Quintessence Labs
  • NuCrypt
  • Anhui Qasky Quantum Technology
  • PQ Solutions Limited
  • MagiQ Technologies
  • ISARA Corporation
  • Quantum XC
  • IBM Corporation
  • Mitsubishi Electric Corporation and more

Key Developments in the Market:

  • In October 2018, ID Quantique & InfoSec Global collaborated together for providing virtual private network (vpn) which is quantum safe. this particular technology has been developed by combining the  quantum random number generator  technology of id quantique & cryptographic agility of infosec global
  • In September 2018, high-speed quantum cryptographic communications have been successfully applied at Ohoku University by tohoku medical megabank organization & Toshiba Corporation. It is world’s first cryptographic communications with over 10 mbps speed.

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Segmentation: Global Quantum Cryptography Market

Component

  • Solutions
  • Services

By Service

  • Consulting and Advisory
  • Deployment and Integration
  • Support and Maintenance

By Security Type

  • Network Security
  • Application Security

By Vertical

  • Government and Defence
  • Banking, Financial Services, and Insurance
  • Retail
  • Healthcare
  • Automotive
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Asia Pacific

Market Drivers:

  • Increasing demand for security solutions of IoT & cloud technologies as these are being used by every data company
  • Increasing need for reducing cyber-attacks in this growing era of digital crime

Market Restraints:

  • The cost of implementation of this system is very high
  • Shortage of technical expertise within the area of quantum cryptography & its technologies

Competitive Analysis:

Global quantum cryptography market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of quantum cryptography market for global, Europe, North America, Asia Pacific and South America.

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