HOME Top Market Reports Quantum Cryptography Market by Component (Hardware and Services), Application (Network Security, Database Encryption, Application Security), Organization Size, Vertical and Region - Global Forecast to 2022

Quantum Cryptography Market by Component (Hardware and Services), Application (Network Security, Database Encryption, Application Security), Organization Size, Vertical and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: TC 5714

 

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The quantum cryptography market size is expected to grow from USD 285.7 Million in 2017 to USD 943.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.0%.

Objectives of the Study:

The main objective of the report is to define, describe, and forecast the quantum cryptography market size on the basis of component (hardware and services), application, organization size, vertical, and region. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies. The report also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the quantum cryptography market.

The research methodology used to estimate and forecast the market size begins with collection and analysis of data on the key vendor revenues through secondary sources, including annual reports and press releases, investor presentations, technology journals, certified publications, articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players and their market shares. The quantum cryptography market spending across all regions along with the geographical split in various verticals was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the below figure:

Quantum Cryptography Market

To know about the assumptions considered for the study, download the pdf brochure

The quantum cryptography market includes various vendors providing quantum cryptography solution to commercial clients across the globe. Companies such ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US) have adopted partnerships, agreements, and collaborations as the key growth strategies to enhance their market reach.

Key Target Audience

  • Encryption solution providers
  • Quantum cryptography vendors
  • Application security service providers
  • System integrators/network security service providers
  • Consultancy firms/advisory firms
  • Training and education service providers
  • Data integration service providers
  • Managed service providers
  • Quantum computing and quantum cryptography R&D firms

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report

The research report segments the quantum cryptography market into the following submarkets:

By Component:

  • Hardware
    • Server
    • Blade
    • R&D Platform
    • Random Number Generator
  • Services
    • Consulting Services
    • Integration and Deployment Services
    • Support and Maintenance Services

By Application:

  • Database Encryption
  • Application Security
  • Network Security

By Organization Size:

  • Large Enterprises
  • SMEs

By Vertical:

  • BFSI
  • Telecom and IT
  • Government and Defense
  • Healthcare and Lifesciences
  • Consumer Good and Retail

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American market into the US and Canada
  • Further breakdown of the European market into the UK, Germany, and France

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 25)
    4.1 Attractive Market Opportunities in the Quantum Cryptography Market
    4.2 Market By Application, 2017
    4.3 Market By Service, 2017
    4.4 Market By Organization Size, 2017
    4.5 Market Shares of Top 3 Verticals and Regions, 2017
    4.6 Market Investment Scenario (2017–2022)

5 Quantum Cryptography Market Overview and Industry Trends (Page No. - 28)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Incidents of Cyber-Attacks
                    5.2.1.2 Increasing Data Security and Privacy Concerns
                    5.2.1.3 Rising Adoption Rate of Cloud Storage and Computing Technologies
                    5.2.1.4 Evolving Next-Generation Wireless Network Technologies
           5.2.2 Opportunities
                    5.2.2.1 Spur in the Demand for Security Solutions Across Verticals
                    5.2.2.2 Increasing Need for Integration Solutions
           5.2.3 Challenges
                    5.2.3.1 Low Customer Awareness About Quantum Cryptography
                    5.2.3.2 Lack of Skills and Expertise
    5.3 Use Cases
           5.3.1 Encryption and Authentication of Endpoint Devices
           5.3.2 Network Infrastructure Encryption
           5.3.3 Scada Systems
           5.3.4 Ultra-Secure Voting
           5.3.5 Smarter Power Grids

6 Quantum Cryptography Market Analysis, By Component (Page No. - 33)
    6.1 Introduction
    6.2 Hardware
    6.3 Services

7 Quantum Cryptography Market Analysis, By Hardware (Page No. - 37)
    7.1 Introduction
    7.2 Server
    7.3 Blade
    7.4 Research and Development Platform
    7.5 Random Number Generator

8 Quantum Cryptography Market Analysis, By Service (Page No. - 42)
    8.1 Introduction
    8.2 Consulting Services
    8.3 Deployment and Integration Services
    8.4 Support and Maintenance Services

9 Quantum Cryptography Market Analysis, By Organization Size (Page No. - 47)
    9.1 Introduction
    9.2 Large Enterprises
    9.3 Small and Medium-Sized Enterprises

10 Quantum Cryptography Market Analysis, By Application (Page No. - 51)
     10.1 Introduction
     10.2 Network Security
     10.3 Database Encryption
     10.4 Application Security
     10.5 Others

11 Quantum Cryptography Market Analysis, By Vertical (Page No. - 56)
     11.1 Introduction
     11.2 IT and Telecom
     11.3 Government and Defense
     11.4 Consumer Goods and Retail
     11.5 Healthcare and Life Sciences
     11.6 Banking, Financial Services, and Insurance
     11.7 Others

12 Geographic Analysis (Page No. - 63)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 80)
     13.1 Market Ranking, By Key Player

14 Company Profiles (Page No. - 81)
     14.1 Id Quantique
(Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments)*
     14.2 Magiq Technologies
     14.3 Quintessencelabs
     14.4 Nucrypt
     14.5 Qutools
     14.6 Qasky
     14.7 Crypta Labs
     14.8 Qubitekk
     14.9 PQ Solutions
     14.10 Infineon
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.
     14.11 Research Companies
             14.11.1 Mitsubishi
             14.11.2 IBM
             14.11.3 HP
             14.11.4 NEC Corporation
             14.11.5 Toshiba

15 Appendix (Page No. - 108)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (63 Tables)

Table 1 USD Exchange Rate, 2014–2016
Table 2 Quantum Cryptography Market, 2017–2022 (USD Million)
Table 3 Market Size By Component, 2017–2022 (USD Million)
Table 4 Hardware: Market Size, By Region, 2017–2022 (USD Million)
Table 5 Services: Market Size, By Region, 2017–2022 (USD Million)
Table 6 Quantum Cryptography Market Size, By Hardware, 2017–2022 (USD Million)
Table 7 Server: Market Size, By Region, 2017–2022 (USD Million)
Table 8 Blade: Market Size, By Region, 2017–2022 (USD Million)
Table 9 Research and Development Platform: Market Size, By Region, 2017–2022 (USD Million)
Table 10 Random Number Generator: Market Size, By Region, 2017–2022 (USD Million)
Table 11 Quantum Cryptography Market Size, By Service, 2017–2022 (USD Million)
Table 12 Consulting Services: Market Size, By Region, 2017–2022 (USD Million)
Table 13 Deployment and Integration Services: Market Size, By Region, 2017–2022 (USD Million)
Table 14 Support and Maintenance Services: Market Size, By Region, 2017–2022 (USD Million)
Table 15 Quantum Cryptography Market Size, By Organization Size, 2017–2022 (USD Million)
Table 16 Large Enterprises: Market Size, By Region, 2017–2022 (USD Million)
Table 17 Small and Medium-Sized Enterprises: Market Size, By Region, 2017–2022 (USD Million)
Table 18 Quantum Cryptography Market Size, By Application, 2017–2022 (USD Million)
Table 19 Network Security: Market Size, By Region, 2017–2022 (USD Million)
Table 20 Database Encryption: Market Size, By Region, 2017–2022 (USD Million)
Table 21 Application Security: Market Size, By Region, 2017–2022 (USD Million)
Table 22 Others: Market Size, By Region, 2017–2022 (USD Million)
Table 23 Quantum Cryptography Market Size, By Vertical, 2017–2022 (USD Million)
Table 24 IT and Telecom: Market Size, By Region, 2017–2022 (USD Million)
Table 25 Government and Defense: Market Size, By Region, 2017–2022 (USD Million)
Table 26 Consumer Goods and Retail: Market Size, By Region, 2017–2022 (USD Million)
Table 27 Healthcare and Life Sciences: Market Size, By Region, 2017–2022 (USD Million)
Table 28 Banking, Financial Services, and Insurance: Market Size, By Region, 2017–2022 (USD Million)
Table 29 Others: Market Size, By Region, 2017–2022 (USD Million)
Table 30 Quantum Cryptography Market Size, By Region, 2017–2022 (USD Million)
Table 31 North America: Market Size, By Country, 2017–2022 (USD Million)
Table 32 North America: Market Size, By Component, 2017–2022 (USD Million)
Table 33 North America: Market Size, By Hardware, 2017–2022 (USD Million)
Table 34 North America: Market Size, By Service, 2017–2022 (USD Million)
Table 35 North America: Market Size, By Organization Size, 2017–2022 (USD Million)
Table 36 North America: Market Size, By Application, 2017–2022 (USD Million)
Table 37 North America: Market Size, By Vertical, 2017–2022 (USD Million)
Table 38 Europe: Quantum Cryptography Market Size, By Country, 2017–2022 (USD Million)
Table 39 Europe: Market Size, By Component, 2017–2022 (USD Million)
Table 40 Europe: Market Size, By Hardware, 2017–2022 (USD Million)
Table 41 Europe: Market Size, By Service, 2017–2022 (USD Million)
Table 42 Europe: Market Size, By Organization Size, 2017–2022 (USD Million)
Table 43 Europe: Market Size, By Application, 2017–2022 (USD Million)
Table 44 Europe: Market Size, By Vertical, 2017–2022 (USD Million)
Table 45 Asia Pacific: Quantum Cryptography Market Size, By Component, 2017–2022 (USD Million)
Table 46 Asia Pacific: Market Size, By Hardware, 2017–2022 (USD Million)
Table 47 Asia Pacific: Market Size, By Service, 2017–2022 (USD Million)
Table 48 Asia Pacific: Market Size, By Organization Size, 2017–2022 (USD Million)
Table 49 Asia Pacific: Market Size, By Application, 2017–2022 (USD Million)
Table 50 Asia Pacific: Market Size, By Vertical, 2017–2022 (USD Million)
Table 51 Middle East and Africa: Quantum Cryptography Market Size, By Component, 2017–2022 (USD Million)
Table 52 Middle East and Africa: Market Size, By Hardware, 2017–2022 (USD Million)
Table 53 Middle East and Africa: Market Size, By Service, 2017–2022 (USD Million)
Table 54 Middle East and Africa: Market Size, By Organization Size, 2017–2022 (USD Million)
Table 55 Middle East and Africa: Market Size, By Application, 2017–2022 (USD Million)
Table 56 Middle East and Africa: Market Size, By Vertical, 2017–2022 (USD Million)
Table 57 Latin America: Quantum Cryptography Market Size, By Component, 2017–2022 (USD Million)
Table 58 Latin America: Market Size, By Hardware, 2017–2022 (USD Million)
Table 59 Latin America: Market Size, By Service, 2017–2022 (USD Million)
Table 60 Latin America: Market Size, By Organization Size, 2017–2022 (USD Million)
Table 61 Latin America: Market Size, By Application, 2017–2022 (USD Million)
Table 62 Latin America: Market Size, By Vertical, 2017–2022 (USD Million)
Table 63 Market Ranking of Top Players in the Market 2017


List of Figures (35 Figures)

Figure 1 Quantum Cryptography Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Quantum Cryptography Market: Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Quantum Cryptography Market Size, By Region
Figure 8 Market Size, By Hardware, 2017–2022 (USD Million)
Figure 9 Top 3 Segments for the Market, 2017
Figure 10 Growing Incidents of Cyber-Attacks and Increasing Need for Data Security are Expected to Drive the Quantum Cryptography Market Growth During the Forecast Period
Figure 11 Network Security Application is Estimated to Have the Largest Market Share in the Market in 2017
Figure 12 Consulting Services Segment is Estimated to Have the Largest Market Share in the Market in 2017
Figure 13 Large Enterprises Segment is Estimated to Hold the Larger Market Share in the Market in 2017
Figure 14 IT and Telecom Vertical, and North America are Estimated to Have the Largest Market Shares in 2017
Figure 15 Asia Pacific is Expected to Emerge as the Best Market for Investments Over the Next 5 Years
Figure 16 Quantum Cryptography Market: Drivers, Opportunities, and Challenges
Figure 17 Hardware Segment is Expected to Dominate the Quantum Cryptography Market During the Forecast Period
Figure 18 North America is Expected to Have the Largest Market Size in the Hardware Segment During the Forecast Period
Figure 19 Quantum Cryptography Server Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 20 Deployment and Integration Services Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 21 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 22 Large Enterprises Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 23 North America is Expected to Dominate the Large Enterprises Segment in the Quantum Cryptography Market During the Forecast Period
Figure 24 Network Security Application is Expected to Have the Largest Market Size During the Forecast Period
Figure 25 IT and Telecom Vertical is Estimated to Have the Largest Market Size in 2017
Figure 26 Asia Pacific is Expected to Exhibit the Highest CAGR in the Quantum Cryptography Market During the Forecast Period
Figure 27 Asia Pacific: an Attractive Destination in the Quantum Cryptography Market (2017–2022)
Figure 28 North America: Market Snapshot
Figure 29 Asia Pacific: Market Snapshot
Figure 30 Infineon: Company Snapshot
Figure 31 Mitsubishi Electric: Company Snapshot
Figure 32 IBM: Company Snapshot
Figure 33 HP: Company Snapshot
Figure 34 NEC Corporation: Company Snapshot
Figure 35 Toshiba: Company Snapshot

MarketsandMarkets forecasts the global quantum cryptography market size to grow from USD 285.7 Million in 2017 to USD 943.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.0%.

The quantum cryptography market is segmented on the basis of component (hardware and services), application, organization size, vertical, and region. The quantum cryptography market is witnessing a growing incident of cyber-attacks and increasing data security and privacy concerns. Furthermore, the rising adoption of cloud storage and computing technologies, and evolving next-generation wireless networks are driving the adoption of reliable quantum cryptography solutions and services.

The quantum cryptography server segment expected to hold the largest market size during the forecast period as servers are mainly used for data encryption and help maintain data secrecy. Moreover, they provide high-quality encryption, key generation, and distribution. In addition, it also offers security to point-to-point backbone and storage networks for long-term data protection. It also enables real-time data processing and data throughput, and consistently low latency across all packet sizes for optimum performance.

The application type segment is categorized into database security, application security, and network security. The vertical segment is categorized into BFSI, telecom and IT, government and defense, healthcare and life sciences, and consumer good and retail.

The quantum computing and quantum information technologies have brought in a potential threat to the current mechanism for information protection. Present data protection techniques are comprised of cryptographic systems which depend on computational complexity to protect sensitive data. But this encryption method has proved to be inefficient and prone to being decoded. This gives rise to the need to look for a better and quantum competent level of cryptography versus conventional cryptography methods. Owing to the advancements in quantum computing and quantum information theory, the quantum computer poses a challenge to prevailing techniques of cryptography. Quantum computers can decode conventional cryptographic information in a short timeframe and poses a potential security threat to organizational data including bank account details, identity information, and other sensitive data.

Quantum Cryptography Market

North America is expected to hold the largest market share and dominate the quantum cryptography market during the forecast period. North America has always witnessed a high number of identity thefts and fraud incidents, and as a result, it is driving organizations to more swiftly and proactively plan an enhanced adoption of new tools, services, and techniques for security provisions that accompany new technological implementation. Moreover, the increased budgets and grants have invited various big players to make significant investments in this region. Furthermore, the advent of SMEs and the start-up culture in North America is growing at a faster pace as compared to the other regions.

Asia Pacific (APAC) has witnessed the advanced and dynamic adoption of new technologies and has always been a lucrative market. The region is expected to grow at the highest CAGR during the forecast period in the quantum cryptography market. Moreover, major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions.

However, recent developments, new product launches, and acquisitions undertaken by the major market players are boosting the growth of the market.

The study measures and evaluates the major offerings and key strategies of the major market vendors, including ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US). These companies have been at the forefront in offering reliable quantum cryptography solutions to commercial clients across diverse geographical locations.

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