Dublin, Aug. 10, 2020 (GLOBE NEWSWIRE) -- The "Quantum Cryptography Market by Component (Solutions and Services), Services (Consulting and Advisory, Deployment and Integration, and Support and Maintenance), Security Type (Network and Application Security), Vertical & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global quantum cryptography market size is estimated to be USD 89 million in 2020 and is projected to reach USD 214 million by 2025, at a CAGR of 19.1%
Major growth factors for the market include the growing incidents of cyber-attacks in the era of digitalization, increasing cybersecurity funding, rising demand of next-generation security solutions for cloud and IoT technologies, and evolving next-generation wireless network technologies. However, lack of expertise and high implementation cost could restrain the market growth.
Growing demand for integration of quantum cryptography solutions is set to fuel the growth of solutions segment
The continuous increase of data transmitted electronically has led to an increased need for and reliance on cryptography. Quantum cryptography solutions enable people to experience the same level of trust and confidence in the digital world as in the physical world. These solutions further enable millions of people to interact electronically via e-mail, eCommerce, ATMs, cell phones, etc. The quantum cryptographic solutions such as Quantum Key Distribution (QKD) platforms, QKD servers, virtual encryptors, QKD distributors, key and policy managers, SDK to integrate cryptography, quantum cryptography communication device, quantum security gateway, Quantum Random Number Generator (QRNG), hacker box, quantum secure communication network products, and repeaters, used to secure advanced cyber-attacks are in huge demand across the globe. Moreover, this solution can easily be integrated with existing security systems. Hence, the solution segment is expected to hold the highest market share in the quantum cryptography space.
North America to hold the largest market size, and to grow at the highest growth rate during the forecast period
The US is the most developed country in terms of technology adoption and investments. The widespread adoption of PCs and internet services for business purposes and storage of critical data across the world has increased the propensity of data breach and theft. In addition, the major growth factors that would drive the adoption of quantum cryptography include the growing need for data privacy and security and an increasing number of cyber-attacks. The Americas are the largest revenue contributors in the quantum cryptography market, as the market is being driven by the early adoption of advanced technologies such as cloud and IoT, high level of IT capabilities, and higher IT investments.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Quantum Cryptography Market
4.2 Market in the Americas, by Security Type and Country
4.3 Market: Investment Scenario
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Cyber Attacks in the Era of Digitalization
5.2.1.2 Increasing Cybersecurity Funding
5.2.1.3 Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies
5.2.1.4 Evolving Next-Generation Wireless Network Technologies
5.2.2 Restraints
5.2.2.1 High Implementation Cost
5.2.2.2 Lack of Expertise
5.2.3 Opportunities
5.2.3.1 Spur in Demand for Security Solutions Across Industry Verticals
5.2.3.2 Increasing Need for Integration Solutions
5.2.4 Challenges
5.2.4.1 Quantum Cryptography Commercialization
5.2.4.2 Technological and Implementation Challenges
5.3 COVID-19 Pandemic-Driven Market Dynamics and Factor Analysis
5.3.1 COVID-19 Dynamics Impacting Market Growth
5.4 Industry Trends
5.4.1 Quantum Cryptography Protocols
5.4.1.1 Bb84 Protocol
5.4.1.2 B92 Protocol
5.4.1.3 Sarg04 Protocol
5.4.1.4 E91 Protocol
5.4.1.5 SSP Protocol
5.4.2 Quantum Cryptography Types
5.4.2.1 Position-Based Quantum Cryptography
5.4.2.2 Device-Independent Quantum Cryptography
5.4.2.3 Bounded- and Noisy-Quantum-Storage Model
5.4.3 Quantum Cryptography Margins
5.4.3.1 Quantum Repeaters
5.4.3.2 Point-To-Point Communication
5.4.3.3 Vulnerable to Attacks
5.4.4 Future Scope of Quantum Cryptography
5.4.5 Use Cases
6 Quantum Cryptography Market, by Component
6.1 Introduction
6.2 Solutions
6.2.1 Increasing Need to Encrypt Critical Information Without Any Leakage
6.3 Services
6.3.1 Growing Need for Expert Assistance for a Customized Solution
7 Quantum Cryptography Market, by Service
7.1 Introduction
7.2 Consulting and Advisory
7.2.1 Increasing Demand for Consultation to Resolve Hindrances for Commercial Clients' Business Growth
7.3 Deployment and Integration
7.3.1 Rising Need for Secure Data Transmission
7.4 Support and Maintenance
7.4.1 Demand for Support and Maintenance Services for the Implementation and Use of Hardware
8 Quantum Cryptography Market, by Security Type
8.1 Introduction
8.2 Network Security
8.2.1 Growing Need to Ensure the Integrity and Usability of Network and Information
8.3 Application Security
8.3.1 Increasing Demand to Protect Applications from Intruders
9 Quantum Cryptography Market, by Vertical
9.1 Introduction
9.2 Government and Defense
9.2.1 Increasing Need to Secure Confidential Data from Thefts and Unauthorized Access
9.2.2 Government and Defense: COVID-19 Impact
9.3 Banking, Financial Services, and Insurance
9.3.1 Need to Cater to Financial Security, Online Fund Transfer Security, and Data Security
9.3.2 Banking, Financial Services, and Insurance: COVID-19 Impact
9.4 Retail
9.4.1 Increasing Adoption of Quantum-Safe Encryption Hardware to Encrypt and Protect Customers' Confidential and Private Information
9.4.2 Retail: COVID-19 Impact
9.5 Healthcare
9.5.1 Need to Improve the Proficiency of Clinical and IT Staff and Provide Real-Time Information Access During Emergencies Such as Pandemic
9.5.2 Healthcare: COVID-19 Impact
9.6 Automotive
9.6.1 Increasing Demand to Provide Physical Access and Protection to Confidential Information and Critical Safety Systems
9.6.2 Automotive: COVID-19 Impact
9.7 Others
10 Quantum Cryptography Market, by Region
10.1 Introduction
10.2 the Americas
10.2.1 Americas: COVID-19 Impact
10.2.2 United States
10.2.2.1 Increase in Funding and Adoption of Quantum Technology
10.2.3 Canada
10.2.3.1 Growing Need for a Developed Quantum Ecosystem
10.2.4 Rest of Americas
10.3 Europe
10.3.1 Europe: COVID-19 Impact
10.3.2 United Kingdom
10.3.2.1 the Need to Deliver Quantum Encryption Systems That Enable Secure Data Transactions and Transmissions
10.3.3 Germany
10.3.3.1 Need to Explore the Development of Highly Secure Communication Links to Recognize Every Attack
10.3.4 Rest of Europe
10.4 Asia-Pacific
10.4.1 Asia-Pacific: COVID-19 Impact
10.4.2 China
10.4.2.1 China to Gather Quantum Technology Researchers to Enhance Its Cybersecurity Space
10.4.3 Japan
10.4.3.1 Upsurge Demand for Quantum Communication
10.4.4 India
10.4.4.1 the Need to Revolutionize Future Computation and Communication Systems
10.4.5 Rest of Asia-Pacific
10.5 Middle East and Africa
10.5.1 Middle East and Africa: COVID-19 Impact
10.5.2 Middle East
10.5.2.1 Growing Demand for Securing Business Content
10.5.3 Africa
10.5.3.1 Increasing Number of Security Initiatives
11 Competitive Landscape
11.1 Overview
11.2 Competitive Leadership Mapping (Start-Up/SMSE)
11.2.1 Progressive
11.2.2 Responsive
11.2.3 Dynamic Companies
11.2.4 Starting Blocks
11.3 Market Ranking
11.4 Competitive Scenario
11.4.1 New Product Launches and Product Enhancements
11.4.2 Partnerships, Collaborations, and Agreements
12 Company Profiles
12.1 Id Quantique
12.2 QuintessenceLabs
12.3 Crypta Labs
12.4 Qasky
12.5 Qubitekk
12.6 Isara
12.7 Post-Quantum
12.8 Quantumctek
12.9 Magiq Technologies
12.10 Nucrypt
12.11 Quantum Xchange
12.12 Aurea Technology
12.13 Qutools
12.14 Qunu Labs
12.15 Infineon
12.16 Mitsubishi Electric
12.17 IBM
12.18 Hp
12.19 NEC
12.20 Toshiba
12.21 Microsoft
12.22 Raytheon Technologies
12.23 Crypto Quantique
12.24 Qrypt
12.25 Onboard Security (Qualcomm)
13 Adjacent/Related Market
13.1 Cybersecurity Market
13.1.1 Market Definition
13.1.2 Market Overview
13.1.3 Cybersecurity Market, by Component
13.1.4 Cybersecurity Market, by Industry Vertical
13.2 Quantum Computing Market
13.2.1 Market Definition
13.2.2 Market Overview
13.2.3 Quantum Computing Market, by End-Use
13.3 Encryption Software Market
13.3.1 Market Definition
13.3.2 Market Overview
13.3.3 Encryption Software Market, by Industry Vertical
14 Appendix
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