Global Quantum Cryptography Market -By Components (Hardware, and Software); By Applications ( Network Security, Application Security, and Database Encryption); By End-users (Governing & regulatory Bodies, SMEs, Large Enterprises); By Regions (Americas, EMEA, and, APAC) Drivers, Opportunities, Restraints, Trends, and Forecast to 2024

  • Product Code:
  • Published Date:
    Mar 2019
  • Region:
  • Pages:
  • Category:
    ICT & Telecom
  • Publisher:
    Infoholic Research
Quantum Cryptography Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024
Quantum cryptography is a new method for secret communications that provides the assurance of security of digital data. Quantum cryptography is primarily based on the usage of individual particles/waves of light (photon) and their essential quantum properties for the development of an unbreakable cryptosystem, primarily because it is impossible to measure the quantum state of any system without disturbing that system. It is hypothetically possible that other particles could be used, but photons offer all the necessary qualities needed, the their behavior is comparatively understandable, and they are the information carriers in optical fiber cables, the most promising medium for very high-bandwidth communications.
Quantum computing majorly focuses on the growing computer technology that is built on the platform of quantum theory which provides the description about the nature and behavior of energy and matter at quantum level. The fame of quantum mechanics in cryptography is growing because they are being used extensively in the encryption of information. Quantum cryptography allows the transmission of the most critical data at the most secured level, which in turn, propels the growth of the quantum computing market. Quantum computing has got a huge array of applications.
Market Analysis:
According to Infoholic Research, the Global Quantum cryptography Market is expected to reach $1.53 billion by 2023, growing at a CAGR of around 26.13% during the forecast period. The market is experiencing growth due to the increase in the data security and privacy concerns. In addition, with the growth in the adoption of cloud storage and computing technologies is driving the market forward. However, low customer awareness about quantum cryptography is hindering the market growth. The rising demands for security solutions across different verticals is expected to create lucrative opportunities for the market.
Market Segmentation Analysis:
The report provides a wide-ranging evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, type, applications, and end-users.
Countries and Vertical Analysis:
The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views; and competitive landscape. The prominent vendors covered in the report include ID Quantique, MagiQ Technologies, Nucrypt, Infineon Technologies, Qutools, QuintenssenceLabs, Crypta Labs, PQ Solutions, and Qubitekk and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
Competitive Analysis
The report covers and analyzes the global intelligent apps market. Various strategies, such as joint ventures, partnerships, collaborations, and contracts, have been considered. In addition, as customers are in search of better solutions, there is expected to be a rising number of strategic partnerships for better product development. There is likely to be an increase in the number of mergers, acquisitions, and strategic partnerships during the forecast period.
Companies such as Nucrypt, Crypta Labs, Qutools, and Magiq Technologies are the key players in the global Quantum Cryptography market. Nucrypt has developed technologies for emerging applications in metrology and communication. The company has also produced and manufactured electronic and optical pulsers. In addition, 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 the company is looking at are transport, military and medical.
The report includes the complete insight of the industry, and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and to take informed decisions.
Regional Analysis
The Americas held the largest chunk of market share in 2017 and is expected to dominate the quantum cryptography market during the forecast period. The region has always been a hub for high investments in research and development (R&D) activities, thus contributing to the development of new technologies. The growing concerns for the security of IT infrastructure and complex data in America have directed the enterprises in this region to adopt quantum cryptography and reliable authentication solutions.
The report provides an in-depth analysis of the global intelligent apps market aiming to reduce the time to market the products and services, reduce operational cost, improve accuracy, and operational performance. With the help of quantum cryptography, various organizations can secure their crucial information, and increase productivity and efficiency. In addition, the solutions are proven to be reliable and improve scalability. The report discusses the types, applications, and regions related to this market. Further, the report provides details about the major challenges impacting the market growth.
Table of Contents
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Industry Trends 11
1.3 PEST Analysis 12
2 Report Outline 13
2.1 Report Scope 13
2.2 Report Summary 13
2.3 Research Methodology 14
2.4 Report Assumptions 15
3 Market Snapshot 15
3.1 Total Addressable Market (Cloud computing) 15
3.2 Segmented Addressable Market 17
3.2.1 Global Cloud enabling technologies Market 18
3.2.2 Global quantum Computing market 19
4 Market Outlook 19
4.1 Overview 19
4.1.1 Market Definition – Infoholic Research 20
4.2 Market Trends and Impact 21
4.3 Market Segmentation 22
4.4 Porter 5 (Five) Forces 22
5 Market Characteristics 23
5.1 Evolution 23
5.2 Value Chain 24
5.3 Benefits and Challenges of Quantum cryptography Market 25
5.4 Factors Influencing Quantum Cryptography Choice 26
5.5 Market Dynamics 26
5.5.1 Drivers 27 Growing Incidents of Cyber-Attacks 27 Increasing Data Security and Privacy Concerns 28 Rising Adoption Rate of Cloud Storage and Computing Technologies 28 Evolving Next-Generation Wireless Network Technologies 29 Adoption of the crypto cloud computing system 29
5.5.2 Restraints 29 Low Customer Awareness About Quantum Cryptography 29 Lack of Skills and Expertise 29
5.5.3 Opportunities 29 Spur in the Demand for Security Solutions Across Verticals 29 Rising use of biometrics for network security 30 Growing trend of Bring your own device (BOD) 30 Increasing Need for Integration Solutions 30
5.6 DRO – Impact Analysis 30
6 Applications 31
6.1 Overview 31
6.2 Network Security 32
6.2.1 Market Size and Analysis 33
6.3 Database encryption 33
6.3.1 Market Size and Analysis 34
6.4 Application Security 35
6.4.1 Market Size and Analysis 35
7 Components 37
7.1 Overview 37
7.2 Hardware 38
7.3 Software 38
8 Regions 40
8.1 Overview 40
8.2 Americas 40
8.2.1 Market Size and Analysis 41
8.2.2 DRO for the Americas 41
8.2.3 US 43
8.2.4 Canada 43
8.2.5 Switzerland 44
8.3 EMEA 44
8.3.1 Market Size and Analysis 45
8.3.2 DRO for Europe 45
8.3.3 UK 47
8.3.4 France 47
8.3.5 Germany 47
8.4 Asia Pacific 48
8.4.1 Market Size and Analysis 49
8.4.2 DRO for APAC 49
8.4.3 India 51
8.4.4 China 51
8.4.5 Japan 52
9 Vendor Profiles 53
9.1 Id Quantique 53
9.1.1 Overview 53
9.1.2 Business Units 53
9.1.3 Geographic Revenue 53
9.1.4 Business Focus 53
9.1.5 SWOT Analysis 54
9.1.6 Business Strategies 54
9.2 MagiQ Technologies 55
9.2.1 Overview 55
9.2.2 Business Units 55
9.2.3 Geographic Revenue 55
9.2.4 Business Focus 55
9.2.5 SWOT Analysis 56
9.2.6 Business Strategies 56
9.3 Quintessence labs 57
9.3.1 Overview 57
9.3.2 Business Units 57
9.3.3 Geographic Revenue 57
9.3.4 Business Focus 57
9.3.5 SWOT Analysis 58
9.3.6 Business Strategies 58
9.4 NuCrypt 59
9.4.1 Overview 59
9.4.2 Business Units 59
9.4.3 Geographic Revenue 59
9.4.4 Business Focus 60
9.4.5 SWOT Analysis 60
9.4.6 Business Strategies 60
9.5 Crypta Labs 60
9.5.1 Overview 60
9.5.2 Business Units 61
9.5.3 Geographic Revenue 61
9.5.4 Business Focus 61
9.5.5 SWOT Analysis 61
9.5.6 Business Strategies 62
9.6 IBM 62
9.6.1 Overview 62
9.6.2 Business Units 63
9.6.3 Geographic Revenue 65
9.6.4 Business Focus 66
9.6.5 SWOT Analysis 66
9.6.6 Business Strategies 67
9.7 HP 67
9.7.1 Overview 67
9.7.2 Business Units 68
9.7.3 Geographic Revenue 69
9.7.4 Business Focus 70
9.7.5 SWOT Analysis 70
9.7.6 Business Strategies 71
10 Other Prominent Vendors 71
10.1 Qubitekk 71
10.1.1 Overview 71
10.2 PQ Solutions 72
10.2.1 Overview 72
10.3 Infineon 72
10.3.1 Overview 72
10.4 SK Telecom 72
10.4.1 Overview 72
10.5 Qasky 73
10.5.1 Overview 73
11 Companies to watch for 73
11.1 Mitsubishi Electric 73
11.1.1 Overview 73
11.2 NEC Corporation 73
11.2.1 Overview 73
11.3 Raytheon BBN Technologies 74
11.3.1 Overview 74
11.4 Toshiba 74
11.4.1 Overview 74
11.5 Nokia 75
11.5.1 Overview 75
Annexure 76
 Abbreviations 76

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Nucrypt, Crypta Labs, Qutools, and Magiq
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