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Quantum Cryptography Trends and Forecast
The future of the global quantum cryptography market looks promising with opportunities in the IT & telecommunication, BFSI, government & defense, healthcare markets. The global quantum cryptography market is expected to reach an estimated $5.9 billion by 2030 with a CAGR of 43.1% from 2024 to 2030. The major drivers for this market are increasing cybersattacks in the digitalization era and developing advanced wireless network technologies for the next generation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Quantum Cryptography by Segment
The study includes a forecast for the global quantum cryptography by offering, application , end use industry, and region.
Quantum Cryptography Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Solutions
• Services
Quantum Cryptography Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Network Security
• Application Security
• Database Security
• Others
Quantum Cryptography Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• IT & Telecommunication
• BFSI
• Government & Defense
• Healthcare
• Others
Quantum Cryptography Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Quantum Cryptography Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum cryptography companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum cryptography companies profiled in this report include-
• ID Quantique
• Infineon Technologies
• Magiq Technologies
• IBM
• NuCrypt
• Anhui Qasky Quantum Technology
• Qubitekk
• Quintessence Labs
• Qutools
• Toshiba
Quantum Cryptography Market Insights
Lucintel forecasts that network security will remain the largest segment over the forecast period growth in the BYOD trend at work, the virtualization of servers, and the utilization of cloud computing services.
North America will remain the largest region over the forecast period due to the existence of advanced economies like the US and Canada, companies spanning BFSI, retail, it & telecom, and healthcare flourish.
Features of the Global Quantum Cryptography Market
Market Size Estimates: Quantum cryptography market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Quantum cryptography market size by offering, application , end use industry, and region in terms of value ($B).
Regional Analysis: Quantum cryptography market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, application , end use industry, and regions for the quantum cryptography market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the quantum cryptography market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the quantum cryptography market size?
Answer: The global quantum cryptography market is expected to reach an estimated $5.9 billion by 2030.
Q2. What is the growth forecast for quantum cryptography market?
Answer: The global quantum cryptography market is expected to grow with a CAGR of 43.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the quantum cryptography market?
Answer: The major drivers for this market are increasing cybersattacks in the digitalization era and developing advanced wireless network technologies for the next generation.
Q4. What are the major segments for quantum cryptography market?
Answer: The future of the quantum cryptography market looks promising with opportunities in the IT & telecommunication, BFSI, government & defense, healthcare markets.
Q5. Who are the key quantum cryptography market companies?
Answer: Some of the key quantum cryptography companies are as follows:
• ID Quantique
• Infineon Technologies
• Magiq Technologies
• IBM
• NuCrypt
• Anhui Qasky Quantum Technology
• Qubitekk
• Quintessence Labs
• Qutools
• Toshiba
Q6. Which quantum cryptography market segment will be the largest in future?
Answer: Lucintel forecasts that network security will remain the largest segment over the forecast period growth in the BYOD trend at work, the virtualization of servers, and the utilization of cloud computing services.
Q7. In quantum cryptography market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the existence of advanced economies like the US and canada, companies spanning BFSI, retail, IT & telecom, and healthcare flourish.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the quantum cryptography market by offering (solutions and services), application (network security, application security, database security, and others), end use industry (IT & telecommunication, BFSI, government & defense, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Quantum Cryptography Market, Quantum Cryptography Market Size, Quantum Cryptography Market Growth, Quantum Cryptography Market Analysis, Quantum Cryptography Market Report, Quantum Cryptography Market Share, Quantum Cryptography Market Trends, Quantum Cryptography Market Forecast, Quantum Cryptography Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Quantum Cryptography Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Quantum Cryptography Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Quantum Cryptography Market by Offering
3.3.1: Solutions
3.3.2: Services
3.4: Global Quantum Cryptography Market by Application
3.4.1: Network Security
3.4.2: Application Security
3.4.3: Database Security
3.4.4: Others
3.5: Global Quantum Cryptography Market by End Use Industry
3.5.1: IT & Telecommunication
3.5.2: BFSI
3.5.3: Government & Defense
3.5.4: Healthcare
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Quantum Cryptography Market by Region
4.2: North American Quantum Cryptography Market
4.2.2: North American Quantum Cryptography Market by End Use Industry: IT & Telecommunication, BFSI, Government & Defense, Healthcare, and Others
4.3: European Quantum Cryptography Market
4.3.1: European Quantum Cryptography Market by Application : Network Security, Application Security, Database Security, and Others
4.3.2: European Quantum Cryptography Market by End Use Industry: IT & Telecommunication, BFSI, Government & Defense, Healthcare, and Others
4.4: APAC Quantum Cryptography Market
4.4.1: APAC Quantum Cryptography Market by Application : Network Security, Application Security, Database Security, and Others
4.4.2: APAC Quantum Cryptography Market by End Use Industry: IT & Telecommunication, BFSI, Government & Defense, Healthcare, and Others
4.5: ROW Quantum Cryptography Market
4.5.1: ROW Quantum Cryptography Market by Application : Network Security, Application Security, Database Security, and Others
4.5.2: ROW Quantum Cryptography Market by End Use Industry: IT & Telecommunication, BFSI, Government & Defense, Healthcare, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Quantum Cryptography Market by Offering
6.1.2: Growth Opportunities for the Global Quantum Cryptography Market by Application
6.1.3: Growth Opportunities for the Global Quantum Cryptography Market by End Use Industry
6.1.4: Growth Opportunities for the Global Quantum Cryptography Market by Region
6.2: Emerging Trends in the Global Quantum Cryptography Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Quantum Cryptography Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Quantum Cryptography Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ID Quantique
7.2: Infineon Technologies
7.3: Magiq Technologies
7.4: IBM
7.5: NuCrypt
7.6: Anhui Qasky Quantum Technology
7.7: Qubitekk
7.8: Quintessence Labs
7.9: Qutools
7.10: Toshiba
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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