Quantum Cryptography or Quantum key Distribution (QKD) uses photons and it works on the principle of work physics and instead of using large numbers for coding, it is cut down which seems to reduce privacy issues even when there is infinite computing powers. Major driver for the market is increase in usage of cloud storage to save their data. Added to this, with increasing number of hacking of data, concern for data security in increased.
Factors restraining market of quantum cryptography is it is expensive. Though it is capable of transmitting the data which is very large, it costs high. More to it, as a signature for public documents it can't be used. Nevertheless, more sectors are going for quantum cryptography to protect their data from hackers and fraudulent activities which will definitely give more opportunities to the market to grow in coming years.
The "Global Quantum Cryptography Market Analysis to 2025" is a specialized and in-depth study of the Quantum Cryptography industry with a focus on the global market trend. The report aims to provide an overview of global Quantum Cryptography market with detailed market components, application, type of enterprise, end user and geography. The global Quantum Cryptography market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Quantum Cryptography market based on components, application, type of enterprise and end user. It also provides market size and forecast till 2025 for overall Quantum Cryptography market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Also, key Quantum Cryptography market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are the list of companies for Quantum Cryptography Market are QuintessenceLabs, Infineon Technologies AG, Qubitekk, Inc., Qutools GmbH, MagiQ Technologies, Inc., Toshiba Corporation, Mitsubishi Electric Corporation, NTT Communication Corporation, NEC Corporation and PQ Solutions Limited among others.