Market Research Logo

Global Quantum Cryptography Market 2017-2021

Global Quantum Cryptography Market 2017-2021

About Quantum Cryptography

Quantum cryptography can be defined as the method of manipulating the properties related to quantum mechnanics in order to carry out cryptographic tasks. Quantum cryptography is an approach to securing communications or an unhackable way of communicating information. Quantum cryptography is the combination of quantum mechanics and the art of code-making. Quantum key distribution (QKD) is one of the known applications of quantum cryptography. QKD solves the problem of key exchange security. It also creates a highly secure key between distant parties with single photons to transmit each bit of the key. Fiber optic cables or free space atmospheric transmission are used in terrestrial QKD networks for governing and regulatory bodies such as secure bank transactions and data transfers.

Technavio’s analysts forecast the global quantum cryptography market to grow at a CAGR of 33.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global quantum cryptography market for 2017-2021. To calculate the market size, the report considers the revenue generated from quantum cryptography solutions provided to end-users including large enterprises, small and medium-sized enterprises (SMEs), and governing and regulatory bodies.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Quantum Cryptography Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • HP Development Company
  • ID Quantique
  • IBM
  • Nokia
Other prominent vendors
  • Airbus
  • Alibaba Group
  • BT
  • Google
  • Infineon Technologies
  • Intel
  • KPN
  • Lockheed Martin
  • MagiQ Technologies
  • McAfee
  • Microsoft
  • Mitsubishi Electric
  • NEC Corporation
  • NTT Communications
  • QuintessenceLabs
  • Raytheon
  • SK Telecom
  • Toshiba
Market driver
  • Adoption of the crypto cloud computing system.
  • For a full, detailed list, view our report
Market challenge
  • Intense competition among the vendors.
  • For a full, detailed list, view our report
Market trend
  • Advent of integrated security solutions.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Quantum Cryptography Market 2017-2021

Technavio recognizes the following companies as the key players in the global quantum cryptography market: HP Development Company, ID Quantique, IBM, and Nokia.

Other Prominent Vendors in the market are: Airbus, Alibaba Group, BT, Google, Infineon Technologies, Intel, KPN, Lockheed Martin, MagiQ Technologies, McAfee, Microsoft, Mitsubishi Electric, NEC Corporation, NTT Communications, QuintessenceLabs, Raytheon, SK Telecom, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is advent of integrated security solutions. End-users prefer quantum cryptography integrated and converged with security solutions that provide overall security to the devices and the network. This is because different standalone security solutions may lead to integration issues. Integrated security solutions offered by the vendors provide better support and functionality to customers.”

According to the report, one driver in market is adoption of the crypto cloud computing system. Crypto cloud computing is built on the quantum direct key system. Each entity encrypts data using their individual private key while using crypto cloud computing systems. These crypto cloud computing systems are being rapidly adopted for authentication processes, video management systems, and for storing information gathered from biometrics. Many enterprises including banks and healthcare organizations are storing their confidential data on the cloud, which makes it important to secure the cloud from unauthorized access. The adoption of crypto cloud computing systems is escalating faster in small and medium sized business (SMBs) when compared to large enterprises as cloud-based services work on a pay-per-use model. These systems also offer flexibility and scalability to accommodate the varying needs of the enterprises.

Further, the report states that one challenges in market is intense competition among the vendors. New vendors are entering the market through partnerships and acquisitions, leading to intensified competition in the market landscape. This is forcing the existing vendors to develop advanced quantum cryptography solutions to remain competitive in the market. Some vendors like Symantec, are also introducing customized solutions for specific customer requirements. As many vendors provide quantum cryptography solutions, the chances of price wars have also increased. Thus, intense competition in a highly-fragmented market will affect the profit margins of the vendors, and also the overall revenue generated in the market.

Companies Mentioned

HP Development Company, ID Quantique, IBM, Nokia, Airbus, Alibaba Group, BT, Google, Infineon Technologies, Intel, KPN, Lockheed Martin, MagiQ Technologies, McAfee, Microsoft, Mitsubishi Electric, NEC Corporation, NTT Communications, QuintessenceLabs, Raytheon, SK Telecom, Toshiba.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Forms of cryptographic systems
    • Market size and forecast
      • Table Global quantum cryptography market 2016-2021 ($ millions)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by end-user
    • Table Global quantum cryptography market by end-user 2016 and 2021 (% share)
    • Table Global quantum cryptography market by end-user 2016-2021 ($ millions)
    • Governing and regulatory bodies
      • Table Global quantum cryptography market by governing and regulatory bodies 2016- 2021 ($ millions)
    • Large enterprises
      • Table Global quantum cryptography market by large enterprises 2016-2021 ($ millions)
    • SMEs
      • Table Global quantum cryptography market by SMEs 2016-2021 ($ millions)
  • Geographical segmentation
    • Table Global quantum cryptography market by geography 2016 and 2021 (% share)
    • Table Global quantum cryptography market by geography 2016-2021 ($ millions)
    • Americas
      • Table Quantum cryptography market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Quantum cryptography market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table Quantum cryptography market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Regulations for data transfer
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • HP Development Company
    • ID Quantique
    • IBM
    • Nokia
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report