Global Quantum Cryptography Strategic Business Report 2023: Rising Number of Cyber Crimes Amid Digitalization Enhances Prospects for Quantum Cryptography


Dublin, April 19, 2023 (GLOBE NEWSWIRE) -- The "Quantum Cryptography: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Quantum Cryptography estimated at US$128.9 Million in the year 2022, is projected to reach a revised size of US$635.5 Million by 2030, growing at a CAGR of 22.1% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 19.2% CAGR and reach US$327.4 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 26% CAGR for the next 8-year period.

The U.S. Market is Estimated at $49 Million, While China is Forecast to Grow at 20.4% CAGR

The Quantum Cryptography market in the U.S. is estimated at US$49 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$83.7 Million by the year 2030 trailing a CAGR of 20.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.5% and 22.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.2% CAGR.

Select Competitors (Total 97 Featured) -

  • Fraunhofer Institute for Applied Optics and Precision Engineering
  • ID Quantique SA
  • MagiQ Technologies, Inc.
  • Nippon Telegraph and Telephone Corp.
  • Nucrypt LLC
  • Oki Electric Industry Company Ltd
  • QuintessenceLabs, Inc.
  • Raytheon BBN Technologies
  • SK TELECOM CO., LTD.
  • Toshiba Corp.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages362
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$128.9 Million
Forecasted Market Value (USD) by 2030$635.5 Million
Compound Annual Growth Rate22.1%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 and Beyond
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • COVID-19 Impact on Quantum Cryptography Market
  • Covid-19 Pandemic Driven Digital Transformation and Demand for Cloud Solutions to Boost Market Prospects
  • Competition
  • Players Vie to Claim a Piece of Flourishing Quantum Cryptography Market
  • Quantum Cryptography - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Secure Communications - Defining the Need for Cryptography
  • Quantum Cryptography - Providing Secure Communications
  • Using Quantum Key Distribution
  • Quantum Cryptography: Insights & Salient Applications of Breakthrough Technology
  • Global Market Analysis and Prospects
  • Surging Cyber-Attacks Unlock Code for Phenomenal Growth of Quantum Cryptography Market
  • Network Security: Commanding Segment of Quantum Cryptography, Government and BFSI to Drive Market Growth
  • North America to Sweep Quantum Cryptography Market with Impressive Stake
  • Expensive Nature of Solutions - A Market Restrain
  • Market Challenges
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Massive Interest and Investment in Quantum Cryptography as Nations Race towards Quantum Supremacy
  • Rising Number of Cyber Crimes amid Digitalization Enhances Prospects for Quantum Cryptography
  • Global Cybersecurity Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
  • Notable Trends in Cybersecurity Market
  • Rising Threat of Malicious Emails: Proportion of Users Targeted with Malicious Emails by Industry Per Year for 2019
  • Market Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in Industries
  • Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
  • Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
  • Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019
  • Increased Security Needs Across Industry Verticals: A Major Market Opportunity
  • Rising Demand for Customized Business Support Solutions Expands Growth Opportunities
  • Quantum-Safe Certificates: Types
  • Ways to Migrate to Quantum-Safe Certificates
  • Threat of Cyber Crime Buoys Demand for Quantum Cryptography Solutions in Government Agencies
  • Growing Use of Cyber Security Solutions in Public Utilities
  • Demand for Cyber Security in Defense Sector on the Rise
  • Business Enterprises Drive Demand for QC-based Secure Communication Systems
  • Financial Services - A Key End Use Market for Information Security Solutions
  • Quantum Cryptography Market in BFSI
  • Significant Growth in Adoption of Quantum Key Distribution for Effective Encryption
  • Increased Government Funding to Address Cybersecurity Breaches Supports Quantum Cryptography Market
  • Government Initiatives & Quantum Cryptography R&D
  • Budget Allocations for Cybersecurity by the US Government for the Years FY2017 to FY2020
  • New Guidance to Allay Risks & Achieve Resilience with Advances in Quantum Computing
  • DHS and NIST release post-quantum cryptography guidance
  • Internet Opens Up a Range of Online Security Issues for Industries, Bringing to Light the Importance of Cybersecurity
  • World Internet Penetration Rate (in %) by Geographic Region: February 2021
  • Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
  • ISRO Makes Breakthrough Demonstration of free-space Quantum Key Distribution (QKD) over 300 m
  • Increased Funding For Cybersecurity VC Bodes Well for Market Expansion
  • Impact of VC on Cybersecurity Investments
  • Venture Capital Compensates for the Time Lost
  • Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies
  • Cloud Access Security Brokers and Implications
  • Cloud Security Solutions Spearheading Digital Transformations
  • Developments in the Post-Quantum Cryptography
  • Impact of Quantum Technology on Asymmetric Cryptography
  • Post-Quantum Cryptography
  • Standardizing the Post-Quantum Cryptographic Algorithms
  • Quantum Computers and Symmetric Cryptography
  • Other Alternatives within the Quantum Cryptography

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/lcqzxw

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Global Market for Quantum Cryptography

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