Jan 25, 2019   SOURCE: PR NewsWire

Global Quantum Cryptography Market to 2023 - Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies

DUBLIN, Jan. 25, 2019 /PRNewswire/ --

The "Quantum Cryptography Market by Component, Services, Security Type, Vertical & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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The global quantum cryptography market is expected to grow from USD 101 million in 2018 to USD 506 million by 2023, at a Compound Annual Growth Rate (CAGR) of 37.9% during the forecast period.

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), hackerbox, 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 as well as the highest CAGR 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 purpose 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, By Region
4.4 Market: Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Cyber-Attack Incidents 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 Quantum Cryptography Protocols
5.3.1 Bb84 Protocol
5.3.2 B92 Protocol
5.3.3 Sarg04 Protocol
5.3.4 E91 Protocol
5.3.5 SSP Protocol
5.4 Quantum Cryptography Types
5.4.1 Position-Based Quantum Cryptography
5.4.2 Device-Independent Quantum Cryptography
5.4.3 Bounded- and Noisy-Quantum-Storage Model
5.5 Quantum Cryptography Margins
5.5.1 Quantum Repeaters
5.5.2 Point-To-Point Communication
5.5.3 Vulnerable to Attacks
5.6 Future Scope of Quantum Cryptography
5.7 Use Cases

6 Quantum Cryptography Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Solutions Segment Includes QKD Platforms, Qrng Platforms, QKD Servers, Virtual Encryptors, QKD Distributors, Key and Policy Managers, SDK to Integrate Cryptography, Communication Devices, Gateway, Repeaters, and Hackerbox
6.3 Services
6.3.1 Growing Need for Expert Assistance, Starting From Consultation to Implementation of 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 Growing Modernization and Deployment of Quantum Cryptography Solutions to Meet the Rising Demand 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
9.3 Banking, Financial Services, and Insurance
9.3.1 Need to Cater to Financial Security, Online Fund Transfer Security, and Data Security By Encrypting Files, Data, and Emails With Unbreakable Quantum Mechanisms
9.4 Retail
9.4.1 Increasing Adoption of Quantum-Safe Encryption Hardware to Encrypt and Protect Customers' Confidential and Private Information
9.5 Healthcare
9.5.1 Need to Improve the Proficiency of Clinical and It Staff, and Provide Real-Time Information Access in Case of Emergencies
9.6 Automotive
9.6.1 Increasing Demand to Provide Physical Access and Protection to Confidential Information and Critical Safety Systems
9.7 Others

10 Quantum Cryptography Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Microquadrant Overview
11.2.1 Progressive
11.2.2 Responsive
11.2.3 Dynamic Companies
11.2.4 Starting Blocks
11.2.5 Market Ranking
11.3 Competitive Scenario
11.3.1 New Product Launches and Product Enhancements
11.3.2 Partnerships, Collaborations, and Agreements

12 Company Profiles

    --  Aurea Technology
    --  Crypta Labs
    --  HP
    --  IBM
    --  ID Quantique
    --  Infineon
    --  Isara
    --  Magiq Technologies
    --  Microsoft
    --  Mitsubishi Electric
    --  NEC
    --  Nucrypt
    --  Post-Quantum
    --  Qasky
    --  Quantum Xchange
    --  Quantumctek
    --  Qubitekk
    --  Quintessencelabs
    --  Qunu Labs
    --  Qutools
    --  Toshiba

For more information about this report visit https://www.researchandmarkets.com/research/g8jbd8/global_quantum?w=5

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