Abstract: Global Quantum Cryptography Market to Reach US$291. 9 Million by the Year 2026 . Quantum cryptography harnesses the quantum-mechanical properties of light for creating a secure encryption and enabling secure data transfer between any two parties.

New York, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Quantum Cryptography Industry" - https://www.reportlinker.com/p0131240/?utm_source=GNW
Quantum cryptography presents a more practical and cost-effective approach for securing communications, with a virtually unbreakable mode of relaying information, as the technology is based on the principles of quantum mechanics, a time-tested universal scientific model, rather than complex mathematical algorithms. Growth in the global market is set to be driven by rising frequency of cyber-attacks, increasing focus on cyber-security and evolution of sophisticated wireless networks. Quantum cryptography is gaining attention due to increasing digitalization and the resulting surge in cyber-security risks and other threats such as data security and breach. Industries across different verticals are facing increasing frequency and sophistication of cyber-attacks due to proliferation of the Internet, connected devices and online services. The market growth is favored by high reliance of organizations and customers on computer networks for transactions and communication, which is leading to the demand for advanced technology to safeguard sensitive data. While increasing cyber-security funding and high uptake of advanced security solutions are augmenting the market growth, increasing penetration of the IoT and cloud technologies is expected to create new growth avenues. In addition, the market growth is buoyed by increasing implementation of next-generation wireless network technologies.

Amid the COVID-19 crisis, 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$291.9 Million by 2026, growing at a CAGR of 20.8% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 18.3% CAGR to reach US$194.2 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 24.7% CAGR for the next 7-year period. This segment currently accounts for a 35.6% share of the global Quantum Cryptography market. The pressing need to protect the network from various vulnerabilities is driving an increasing number of industries like BFSI, defense, government, healthcare, automotive and retail to embrace quantum cryptography solutions.

The U.S. Market is Estimated at $40.6 Million in 2021, While China is Forecast to Reach $40.6 Million by 2026

The Quantum Cryptography market in the U.S. is estimated at US$40.6 Million in the year 2021. The country currently accounts for a 37.5% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$40.6 Million in the year 2026 trailing a CAGR of 19.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.5% and 21.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR while Rest of European market (as defined in the study) will reach US$23 Million by the end of the analysis period. North America is projected to dominate the global market and account for the leading revenue share due to an extensive customer base, increasing incident of cyber-attacks and rising investments in R&D. The proliferation of encryption-based applications in the region has resulted in dramatic surge in frequency of sophisticated cyber-attacks, requiring companies to secure networks and applications with implementation of quantum cryptography solutions. The Asia-Pacific market is anticipated to witness increasing efforts by providers of quantum cryptography services and solutions to join hands with clients to boost overall sales and market presence.


Select Competitors (Total 97 Featured)

• 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

• Universal Quantum Devices

Read the full report: https://www.reportlinker.com/p0131240/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Secure Communications - Defining the Need for Cryptography
Quantum Cryptography - Providing Secure Communications
Using Quantum Key Distribution
Quantum Cryptography: Insights & Salient Applications of
Breakthrough Technology
The Never-Ending ?Race? Between the Virus & Vaccines Continues.
Amidst this Chaotic Battle, Where is the World Economy Heading
Now & Beyond?
Omicron Spreads Panic Worldwide; Omicron Variant Brings Back
Memories & Fears of the Worst Part of the 2020 Pandemic
EXHIBIT 1: Time is of Essence! What We Know So Far - ?Vaccine
Efficiency against New Strains is Decreasing?
South Africa: Omicron?s Origin Location
Omicron: Impact on Travel Industry
Countries that have Already Detected Omicron Cases
Steps taken by the Countries to Prevent Transmission of Omicron
Variant
Industry Response to the Travel Curbs
Short-term Impact of Omicron on Travel
Financial Impact
Scientists Seek to Gather More Information on Omicron
Pharma Firms Aim to Improve Existing Vaccines to Counter Omicron
With IMF Making an Upward Revision of Global GDP for 2021,
Companies Are Bullish About an Economic Comeback despite a
Continuing Pandemic
EXHIBIT 2: A Strong Yet Exceedingly Patchy & Uncertain Recovery
Shaped by New Variants Comes Into Play: World Economic Growth
Projections (Real GDP, Annual % Change) for 2020 through 2022
COVID-19 Impact on Quantum Cryptography Market
Covid-19 Pandemic Driven Digital Transformation and Demand for
Cloud Solutions to Boost Market Prospects
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
Competition
Players Vie to Claim a Piece of Flourishing Quantum
Cryptography Market
Recent Market Activity
Market Challenges

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Rising Incidence 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 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 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 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 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 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 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 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 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
Table 17: USA 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 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 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 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 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 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 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 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
Table 33: Europe 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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
Read the full report: https://www.reportlinker.com/p0131240/?utm_source=GNW

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