Quantum Cryptography

Quantum Cryptography

Global Quantum Cryptography Market to Reach $349.7 Million by 2027
In the changed post COVID-19 business landscape, the global market for Quantum Cryptography estimated at US$93.1 Million in the year 2020, is projected to reach a revised size of US$349.7 Million by 2027, growing at aCAGR of 20.8% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$194.2 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 24.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $34.6 Million, While China is Forecast to Grow at 19.3% CAGR
The Quantum Cryptography market in the U.S. is estimated at US$34.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.8 Million by the year 2027 trailing a CAGR of 19.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.5% and 21.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.1% 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.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Year 2021 and Beyond
EXHIBIT 1: 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
EXHIBIT 2: Quantum Cryptography – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 97 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 Crypotography
EXHIBIT 3: Global Cybersecurity Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
Notable Trends in Cybersecurity Market
EXHIBIT 4: 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
EXHIBIT 5: Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
EXHIBIT 6: Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
EXHIBIT 7: 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
EXHIBIT 8: Global Market for IT Security Products by End-Use Application (2021): Percentage Breakdown of Sales Revenues for End-Point Security, Identity Authentication & Access Management, Internet Security, Messaging Security, Network Security, and Others
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
EXHIBIT 9: 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
EXHIBIT 10: World Internet Penetration Rate (in %) by Geographic Region: February 2021
EXHIBIT 11: 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
TABLE 1: World Recent Past, Current & Future Analysis for Quantum Cryptography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
TABLE 3: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 5: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 9: World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 10: World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 11: World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 12: World 7-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 13: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 14: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 15: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 16: World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
Market Analytics
TABLE 17: USA Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 18: USA 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 19: USA Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 20: USA 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
CANADA
TABLE 21: Canada Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 22: Canada 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 23: Canada Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 24: Canada 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
JAPAN
TABLE 25: Japan Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 26: Japan 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 27: Japan Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 28: Japan 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
CHINA
TABLE 29: China Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 30: China 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 31: China Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 32: China 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
EUROPE
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Market Analytics
TABLE 33: Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 34: Europe 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
TABLE 35: Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 36: Europe 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 37: Europe Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 38: Europe 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
FRANCE
TABLE 39: France Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 40: France 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 41: France Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 42: France 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
GERMANY
TABLE 43: Germany Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 44: Germany 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 45: Germany Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 46: Germany 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
ITALY
TABLE 47: Italy Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 48: Italy 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 49: Italy Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 50: Italy 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
UNITED KINGDOM
TABLE 51: UK Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 52: UK 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 53: UK Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 54: UK 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
REST OF EUROPE
TABLE 55: Rest of Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 56: Rest of Europe 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 57: Rest of Europe Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 58: Rest of Europe 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
ASIA-PACIFIC
TABLE 59: Asia-Pacific Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 60: Asia-Pacific 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 61: Asia-Pacific Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 62: Asia-Pacific 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
REST OF WORLD
TABLE 63: Rest of World Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 64: Rest of World 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
TABLE 65: Rest of World Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 66: Rest of World 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 97

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