The quantum cryptography solutions global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Quantum Cryptography Solutions Market, 2024report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size - The quantum cryptography solutions market size has grown rapidly
in recent years. It will grow from $10.45 billion in 2023 to $12.11 billion in
2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the
historic period can be attributed to demand for enhanced simulation and
modeling, growing complexity of automotive systems, rising focus on
cybersecurity, collaborative research initiatives, regulatory pressure and
emissions reduction, competitive landscape and market differentiation.
The quantum cryptography solutions market size is expected to see rapid growth
in the next few years. It will grow to $21.91 billion in 2028 at a compound
annual growth rate (CAGR) of 16%. The growth in the forecast period can be
attributed to autonomous vehicle development, connected car ecosystem, electric
vehicle optimization, advanced materials development, cybersecurity
enhancement, supply chain optimization, regulatory compliance and
sustainability, industry collaboration and partnerships. Major trends in the
forecast period include increased adoption, technological advancements, R&D
investments, partnerships and collaborations, market expansion, regulatory
considerations, integration with electric vehicles, focus on cybersecurity,
market competition, commercialization of quantum solutions.
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Scope Of Quantum Cryptography Solutions MarketThe Business Research Company's
reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Quantum Cryptography Solutions Market Overview
Market Drivers -The growing number of data breaches and cyber-attacks is
expected to propel the growth of the quantum cryptography solutions market in
the forecast period. Data breaches and cyber-attacks refer to unauthorized
access or manipulation of electronic data, posing risks such as theft of
sensitive information, disruption of services, and compromising system
integrity. The increasing prevalence of data breaches and cyberattacks is due
to the expanding digital landscape, the evolving tactics of cybercriminals, and
insufficient cybersecurity measures. Quantum cryptography solutions offer
enhanced cybersecurity by leveraging the principles of quantum mechanics to
secure communication channels through methods such as quantum key distribution,
which provides theoretically unbreakable encryption that protects against
eavesdropping and data interception. For instance, in January 2023, according
to a report by Check Point, an Israel-based software security provider, there
was a 38% surge in global cyberattacks in 2022 compared to 2021. The
communications industry experienced an average of 1,380 weekly attacks per
organization, marking a 27% increase compared to 2021. Similarly, the Internet
service provider/managed service provider (ISP/MSP) industry encountered an
average of 1,372 attacks per organization per week in 2022, reflecting a 28%
increase from the previous year. Therefore, the growing number of data breaches
and cyberattacks drives the growth of quantum cryptography solutions market.
Market Trends - Major companies operating in quantum cryptography solutions
market the integration of quantum-safe encryption into existing systems such as
optical communication devices to serve customers with advanced features better.
Quantum cryptography solutions in optical communication devices utilize light's
quantum properties to enable highly secure data transmission, primarily through
systems like quantum key distribution (QKD). For instance, in August 2023, SKY
Perfect JSAT Corporation, a Japan-based satellite communication company,
launched a quantum cryptography optical communication device with
satellite-based quantum key distribution (QKD) and cryptography technology.
This launch aimed to conduct demonstration experiments between space and ground,
aiming to establish a secure satellite communication network impervious to
eavesdropping or decryption, even with advancements in computational
technology. This ensures robust encryption for information exchanged over
optical networks.
The quantum cryptography solutions market covered in this report is segmented –
1) By Product: Hardware, Software, Services
2) By Deployment: Cloud, On-Premise
3) By Application: Network Security, Application Security, Database Encryption
4) By Industry: Government And Defense, Banking, Financial Services And
Insurance (BFSI), Retail, Healthcare, Automotive, Other Industries
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Regional Insights - North America was the largest region in the quantum
cryptography solutions market in 2023. The regions covered in the quantum
cryptography solutions market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the quantum cryptography solutions
market are Accenture plc, NEC Corporation, imec International Organization, PQ
Solutions Ltd, Toshiba Digital Solutions Corporation, ID Quantique SA, Nu
Quantum Ltd, QuintessenceLabs Pty Ltd, MagiQ Technologies Inc., SpeQtral Pte
Ltd, Arqit Quantum Inc., QuantumCTek Co. Ltd., Anhui Qasky Quantum Technology,
Qubitekk Inc., QuantLR Inc., Ki3 Photonics Technologies Inc., Qunnect
Corporation, QEYnet, Aliro Quantum Inc., Crypto Quantique Ltd, Crypta Labs
Limited, Quantropi Inc., Quantum Xchange Inc., Aegiq LLC, GoQuantum Inc.,
Qulabs Inc
Table of Contents 1. Executive Summary2. Quantum Cryptography Solutions Market
Report Structure3. Quantum Cryptography Solutions Market Trends And
Strategies4. Quantum Cryptography Solutions Market – Macro Economic Scenario5.
Quantum Cryptography Solutions Market Size And Growth…..27. Quantum
Cryptography Solutions Market Competitor Landscape And Company Profiles28. Key
Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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