Quantum Cryptography Market Research Report - Global Forecast till 2027

Quantum Cryptography Market Research Report By Service (Support and Maintenance, Deployment and Integration, Consulting), by Application (Database Encryption, Application Security, Network Security), Vertical and by Component– Global Forecast till 2027

ID: MRFR/ICT/3409-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Quantum Cryptography Market Overview:
The world is moving towards the evolving era of digitization and because of this, there have been many incidents that are related to cybersecurity and related threats like data breach and security. Also, there is an increase in the funding related to cybersecurity along with an increase in the demand for security solutions belonging to the next generation. These are applicable for both the cloud and IoT technologies that are prevailing in the current market. Also, the solutions that are being provided by the market are evolving for the wireless network technologies that are also from the next generation. All these factors are expected to have positive growth for the market by the end of the global forecast period ending in 2023. 


Hence, the quantum cryptography market size is expected to rise at a 14% CAGR during the forecast period 2017-2023.


COVID 19 Analysis:
Owing to the increased demand for digitization in the current scenario, the overall demand for the market is also experiencing a huge surge. The companies that are functioning in the current scenario have expensive terms because of the pandemic. Also, during the pandemic, cyberattacks are increasing and hence, this is majorly pushing the companies to opt for quantum crypto solutions that will help them protect their confidential data. Also, increased adoption of cloud-based software across several industry verticals will increase the demand for these solutions post the pandemic as well. Further, the enterprises are demanding training and consultation services that ensure that there is effective deployment of solutions in these areas. Also, the growing establishment of the database belonging to the security companies and the services that are on the roll for being offered will help the pandemic after the pandemic. 


Quantum Cryptography Market
Quantum Cryptography Market Image


Quantum Cryptography Market Dynamics:
Drivers:
Digitization is bringing along a lot of opportunities that help in the optimization of the systems and operations across various end-users of the market. The increase in the number of devices is further increasing the prevailing complexities related to cyber risk management. Also, there is an increase in cybercrimes in many areas around the globe which is pushing the need for the market and end-users to opt for solutions. Hence, to curb the frequency of cyber-attacks, businesses and governments are investing in the large-scale development and adoption of these solutions. 


Restraints:
However, the cost of implementing cryptography solutions is quite high. The main reason behind this is that these solutions have a major role to play in maintaining the authenticity and safety of communication between the parties. Also, the implementation consumes a considerable amount of time which is acting as a major restraint in the large-scale adoption of these solutions across various industries verticles and target audience. 


Opportunities:
Across the various government vertices and the BFSI sector, the demand for these security solutions is on the rise. The main reason behind this is their developing need to secure their transactions. There is an increase in the businesses switching to the online model and because of this, their daily transactions are also increasing. Moreover, to keep these transactions authenticated and secured, the major need is to adopt quantum cryptography solutions on a large scale. Many financial solutions are gaining momentum by providing the online banking facility to their customers which is again going to boost the demand for such solutions for the prevailing and future transactions. 


Value Chain Analysis:
The online transactions and discussions might make the use of the transmission of data that is confidential. Hence, on a global scale, it is more than important to maintain their security and authentication so that no break or misuse takes place. The development of these solutions is playing a vital role in reducing the possible chances of committing cybersecurity attacks in space. These solutions are offering the best kind of practice when it comes to key generation and for the crypto operations and solutions that belong to a highly secured nature. 


Quantum Cryptography Market Segmentation:
The quantum cryptography market has been divided all across the globe based on service, vertical, application, and Components


Based on the Service:
The market has been divided all across the globe based on service into consulting services, deployment and integration services, and support and maintenance services.


Based on the Vertical:
The quantum cryptography market has been divided all across the globe based on vertical into the healthcare sector, life sciences sector, IT and telecom sector, government and defense sector, consumer goods sector, retail sector, and banking and financial services sector. The largest market share in the vertical dividend is held by the IT and telecom sector owing to an increase in cyber-attacks and increasing demand for safety and security.


Based on the Application:
The market has been divided all across the globe based on application into network security, application security, and database security.


Based on the Components:
The quantum cryptography industry has been divided all across the globe based on components into software and hardware.


Quantum Cryptography Market Regional Analysis:
The quantum cryptography market has been divided all across the globe based on the region into Asia-Pacific region, North American region, European region, South American region, and the Middle East and African region. The largest market share in the quantum cryptography industry in the global market is held by the North American region owing to the increasing adoption of cloud-based applications coupled with increasing demand for security and safety concerns.


Being the fastest-growing region, the second-largest market share in the quantum cryptography market in the global market is held by the Asia-Pacific region owing to the presence of highly populous countries like India and China who demand high security and safety and hence drives the quantum cryptography market.


The third-largest market share in the quantum cryptography market in the global market is held by the European region owing to well-developed infrastructure and high advancement of technology in this region.


The Middle East and Africa region and South American region also show a positive growth rate towards the quantum cryptography industry. Both these regions have comparatively low growth rates as these regions are at the developing stage.


Quantum Cryptography Market Competitive Landscape:
The most prominent major key players in the quantum cryptography market in the global market are mentioned below:



  • PQ Solutions (UK)

  • Infineon (Germany)

  • Qubitekk (US)

  • Quintessencelabs (Australia)

  • Nucrypt LLC (US)

  • Crypta Labs (UK)

  • Qutools GmbH (Germany)

  • Magiq Technologies (US)

  • NEC Corporation (Japan)

  • Toshiba (Japan)


These major key players use various strategies to sustain their market position in the quantum cryptography market in the global market by collaborating, by going for mergers, and acquisitions, establishing a partnership, developing a new product line, setting up a new joint venture, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the quantum cryptography all across the globe.


Recent Developments:



  • In December 2019, a new product namely Cerberis3 Quantum key Distribution system has been announced by ID Quantique for network configuration purposes. It will help in providing point-to-point network configuration.

  • In January 2020, QinetiQ’s Quantum Key Distribution has been acquired by Qubitekk for enhancing its portfolio. This portfolio will cover 57 patent filing, all across 17 patent families.

  • In May 2020, Space Research and Innovation Network for Technology (SPRINT) has been collaborated with Crypta Labs for developing space applications.

  • In March 2020, Mt Pelerin and ID Quantique have started a facility in Geneva for testing quantum-safe digital asset custody solutions.


Report Overview:
This global quantum cryptography market research report consists of the following elements mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This global quantum cryptography market research report contains factors that drive the growth of the quantum cryptography market in the global market along with the factors that restrict the growth in the global market. The opportunities available for the growth of the quantum cryptography market during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the quantum cryptography market all across the globe is mentioned. The future growth rate of the quantum cryptography market during the forecasted period is estimated and mentioned.


Intended Audience:
Retailers, government bodies, technology solution providers, research and consultancy firms, technology investors, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   14% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Service, by Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   PQ Solutions (U.K), Infineon (Germany), Qubitekk (U.S), Quintessencelabs (Australia), Nucrypt Llc (U.S), Crypta Labs (U.K), qutools GmbH (Germany), Magiq Technologies (U.S), NEC Corporation (Japan) and Toshiba (Japan)
  Key Market Opportunities   The rising demands for security solutions across verticals is expected to create lucrative opportunities for the market.
  Key Market Drivers   Increasing data security and privacy concerns. In addition, rise in adoption of cloud storage and computing technologies drives the growth for market.


Frequently Asked Questions (FAQ) :


Crypta Labs (U.K), NEC Corporation (Japan), qutools GmbH (Germany), Nucrypt Llc (U.S), Magiq Technologies (U.S) and Toshiba (Japan) are the opponents in the market.

The largest regional market is the North American region in the market.

A 14% CAGR is estimated to reflect constructively on the global market.

The rise in data security and privacy concerns are estimated to stimulate the market.

The low customer awareness levels are estimated to create an optimistic impetus in the market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Quantum Cryptography Market

5 Industry Overview of Global Quantum Cryptography Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Quantum Cryptography Market by Service

7.1 Introduction

7.2 Support and Maintenance Services

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Deployment and Integration Services

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Consulting Services

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Quantum Cryptography Market by Application

8.1 Introduction

8.2 Database Encryption

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Application Security

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Network Security

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Quantum Cryptography Market by Vertical

9.1 Introduction

9.2 Banking and Financial Services

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Consumer Goods and Retail

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Government and Defense

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 IT and Telecom

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Healthcare and Life Sciences

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Quantum Cryptography Market by Component

10.1 Introduction

10.2 Hardware

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Region, 2020-2027

10.3 Services

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Quantum Cryptography Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Service, 2020-2027

10.2.3 Market Estimates & Forecast by Application, 2020-2027

10.2.4 Market Estimates & Forecast by Vertical, 2020-2027

10.2.5 Market Estimates & Forecast by Component, 2020-2027

10.2.6 U.S.A

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast by Service, 2020-2027

10.2.6.3 Market Estimates & Forecast by Application, 2020-2027

10.2.6.4 Market Estimates & Forecast by Vertical, 2020-2027

10.2.6.5 Market Estimates & Forecast by Component, 2020-2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast by Service, 2020-2027

10.2.7.3 Market Estimates & Forecast by Application 2020-2027

10.2.7.4 Market Estimates & Forecast by Vertical, 2020-2027

10.2.7.5 Market Estimates & Forecast by Component, 2020-2027

10.2.8 Canada

10.2.8.1 Market Estimates & Forecast, 2020-2027

10.2.8.2 Market Estimates & Forecast by Service, 2020-2027

10.2.8.3 Market Estimates & Forecast by Application, 2020-2027

10.2.8.4 Market Estimates & Forecast by Vertical, 2020-2027

10.2.8.5 Market Estimates & Forecast by Component, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Service, 2020-2027

10.3.3 Market Estimates & Forecast by Application, 2020-2027

10.3.4 Market Estimates & Forecast by Vertical, 2020-2027

10.3.5 Market Estimates & Forecast by Component, 2020-2027

10.3.6 Germany

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Service, 2020-2027

10.3.6.3 Market Estimates & Forecast by Application, 2020-2027

10.3.6.4 Market Estimates & Forecast by Vertical, 2020-3

10.3.6.5 Market Estimates & Forecast by Component, 2020-2027

10.3.7. France

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Service, 2020-2027

10.3.7.3 Market Estimates & Forecast by Application, 2020-2027

10.3.7.4 Market Estimates & Forecast by Vertical, 2020-2027

10.3.7.5 Market Estimates & Forecast by Component, 2020-2027

10.3.8 UK

10.3.8.1 Market Estimates & Forecast, 2020-2027

10.3.8.2 Market Estimates & Forecast by Service, 2020-2027

10.3.8.3 Market Estimates & Forecast by Application, 2020-2027

10.3.8.4 Market Estimates & Forecast by Vertical, 2020-2027

10.3.8.5 Market Estimates & Forecast by Component, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Service, 2020-2027

10.4.3 Market Estimates & Forecast by Application, 2020-2027

10.4.4 Market Estimates & Forecast by Vertical, 2020-2027

10.4.5 Market Estimates & Forecast by Component, 2020-2027

10.4.6 China

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Service, 2020-2027

10.4.6.3 Market Estimates & Forecast by Application, 2020-2027

10.4.6.4 Market Estimates & Forecast by Vertical, 2020-2027

10.4.6.5 Market Estimates & Forecast by Component, 2020-2027

10.4.7 India

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Service, 2020-2027

10.4.7.3 Market Estimates & Forecast by Application, 2020-2027

10.4.7.4 Market Estimates & Forecast by Vertical, 2020-2027

10.4.7.5 Market Estimates & Forecast by Component, 2020-2027

10.4.8 Japan

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Service, 2020-2027

10.4.8.3 Market Estimates & Forecast by Application, 2020-2027

10.4.8.4 Market Estimates & Forecast by Vertical, 2020-2027

10.4.8.5 Market Estimates & Forecast by Component, 2020-2027

10.4.9 Rest of Asia Pacific

10.4.9.1 Market Estimates & Forecast, 2020-2027

10.4.9.2 Market Estimates & Forecast by Service, 2020-2027

10.4.9.3 Market Estimates & Forecast by Application, 2020-2027

10.4.9.4 Market Estimates & Forecast by Vertical, 2020-2027

10.4.9.5 Market Estimates & Forecast by Component, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Service, 2020-2027

10.5.3 Market Estimates & Forecast by Application, 2020-2027

10.5.4 Market Estimates & Forecast by Vertical, 2020-2027

10.5.5 Market Estimates & Forecast by Component, 2020-2027

10.5.6 Middle East & Africa

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Service, 2020-2027

10.5.6.3 Market Estimates & Forecast by Application, 2020-2027

10.5.6.4 Market Estimates & Forecast by Vertical, 2020-2027

10.5.6.5 Market Estimates & Forecast by Component, 2020-2027

10.5.7 Latin Countries

10.5.7.1 Market Estimates & Forecast, 2020-2027

10.5.7.2 Market Estimates & Forecast by Service, 2020-2027

10.5.7.3 Market Estimates & Forecast by Application, 2020-2027

10.5.7.4 Market Estimates & Forecast by Vertical, 2020-2027

10.5.7.5 Market Estimates & Forecast by Component, 2020-2027

11. Company Landscape

12. Company Profiles

12.1 PQ Solutions (U.K)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Infineon (Germany)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Qubitekk (U.S)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Quintessencelabs (Australia)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Nucrypt (U.S)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Crypta Labs (U.K)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Qutools (Germany),

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Magiq Technologies (U.S)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 NEC Corporation (Japan)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.11 Toshiba (Japan)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

LIST OF TABLES

Table1 Global Quantum Cryptography Market: By Region, 2020-2027

Table2 North America Quantum Cryptography Market: By Country, 2020-2027

Table3 Europe Quantum Cryptography Market: By Country, 2020-2027

Table4 Asia-Pacific Quantum Cryptography Market: By Country, 2020-2027

Table5 Middle East & Africa Quantum Cryptography Market: By Country, 2020-2027

Table6 Latin America Quantum Cryptography Market: By Country, 2020-2027

Table7 Global Quantum Cryptography by Service Market: By Regions, 2020-2027

Table8 North America Quantum Cryptography by Service Market: By Country, 2020-2027

Table9 Europe Quantum Cryptography by Service Market: By Country, 2020-2027

Table10 Asia-Pacific Quantum Cryptography by Service Market: By Country, 2020-2027

Table11 Middle East & Africa Quantum Cryptography by Service Market: By Country, 2020-2027

Table12 Latin America Quantum Cryptography by Service Market: By Country, 2020-2027

Table13 Global Quantum Cryptography by End users Market: By Regions, 2020-2027

Table14 North America Quantum Cryptography by End users Market: By Country, 2020-2027

Table15 Europe Quantum Cryptography by End users Market: By Country, 2020-2027

Table16 Asia-Pacific Quantum Cryptography by End users Market: By Country, 2020-2027

Table17 Middle East & Africa Quantum Cryptography by End users Market: By Country, 2020-2027

Table18 Latin America Quantum Cryptography by End users Market: By Country, 2020-2027

Table19 North America Quantum Cryptography for Vertical Market: By Country, 2020-2027

Table20 Europe Quantum Cryptography for Vertical Market: By Country, 2020-2027

Table21 Asia-Pacific Quantum Cryptography for Vertical Market: By Country, 2020-2027

Table22 Middle East & Africa Quantum Cryptography for Vertical Market: By Country, 2020-2027

Table23 Latin America Quantum Cryptography for Vertical Market: By Country, 2020-2027

Table24 Global Service Market: By Region, 2020-2027

Table25 Global Vertical Market: By Region, 2020-2027

Table26 Global Vertical Market: By Region, 2020-2027

Table27 North America Quantum Cryptography Market, By Country

Table28 North America Quantum Cryptography Market, By Service

Table29 North America Quantum Cryptography Market, By Application

Table30 North America Quantum Cryptography Market, By Component

Table31 North America Quantum Cryptography Market, By Vertical

Table32 Europe: Quantum Cryptography Market, By Country

Table33 Europe: Quantum Cryptography Market, By Service

Table34 Europe: Quantum Cryptography Market, By Application

Table35 Europe: Quantum Cryptography Market, By Component

Table36 Europe: Quantum Cryptography Market, by Vertical

Table37 Asia-Pacific: Quantum Cryptography Market, By Country

Table38 Asia-Pacific: Quantum Cryptography Market, By Service

Table39 Asia-Pacific: Quantum Cryptography Market, By Application

Table40 Asia-Pacific: Quantum Cryptography Market, By Component

Table41 Asia-Pacific: Quantum Cryptography Market, By Vertical

Table42 Middle East & Africa: Quantum Cryptography Market, By Country

Table43 Middle East & Africa Quantum Cryptography Market, By Service

Table44 Middle East & Africa Quantum Cryptography Market, By Application

Table45 Middle East & Africa: Quantum Cryptography Market, By Component

Table46 Middle East & Africa: Quantum Cryptography Market, By Verticals

Table47 Latin America: Quantum Cryptography Market, By Country

Table48 Latin America Quantum Cryptography Market, By Service

Table49 Latin America Quantum Cryptography Market, By Application

Table50 Latin America: Quantum Cryptography Market, By Component

Table51 Latin America: Quantum Cryptography Market, By Verticals

LIST OF FIGURES

FIGURE 1 Global Quantum Cryptography market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Quantum Cryptography Market

FIGURE 4 Value Chain of Global Quantum Cryptography Market

FIGURE 5 Share of Global Quantum Cryptography Market in 2020, by country (in %)

FIGURE 6 Global Quantum Cryptography Market, 2020-2027,

FIGURE 7 Sub segments of Service

FIGURE 11 Global Quantum Cryptography Market size by Service, 2020

FIGURE 11 Share of Global Quantum Cryptography Market by Service, 2020 TO 2027

FIGURE 11 Global Quantum Cryptography Market size by Application, 2020

FIGURE 11 Share of Global Quantum Cryptography Market by Application, 2020 TO 2027

FIGURE 12 Global Quantum Cryptography Market size by Vertical, 2020

FIGURE 13 Share of Global Quantum Cryptography Market by Vertical, 2020 TO 2027

FIGURE 14 Global Quantum Cryptography Market size by Component, 2020 TO 2027

FIGURE 15 Share of Global Quantum Cryptography Market by Component, 2020 TO 2027