The quantum cryptography market is expected to grow from US$ 109.05 million in 2022 to US$ 314.13 million by 2028; it is estimated to grow at a CAGR of 19.3% from 2022 to 2028.
Quantum cryptography generates a cryptologic key and harnesses the quantum-mechanical properties of light to create secure encryption. Cryptologic secrets, the major component accustomed to encoding and rewriting knowledge in cryptography, can primarily employ quantum physics cryptography. Furthermore, quantum cryptography presents a cost-effective and practical approach for communication security, with a virtually unbreakable mode of relaying information.
The quantum cryptography market is at a nascent stage with massive potential to break through the cybersecurity industry. The quantum cryptography market players are constantly engaging themselves in advancing their solution features intending to offer highly secured solutions to their clients. The rise in quantum computing has led to the surge in expose of confidential data across industries. The governments of different countries across the globe as well as various private organizations are significantly investing in cybersecurity. This is majorly attributed to secure critical data from unauthorized individuals while transferring. The enhanced security solutions offered by the market players including Quantum Key Distribution (QKD), virtual encryptor, quantum cryptography communication device and Quantum Random Number Generator (QRNG) among others facilitate in strongly encrypting critical data. This factor is attracting several governments and industries to invest in such advanced technology. Thus, the rising investment towards cybersecurity solutions is a key catalyzer for quantum cryptography market.
Strategic Insights
Infineon Technologies, IBM Corporation, Qubitekk, Quintessence Labs, Qutools GmbH, and Toshiba Corporation are among the well-known key players and financially strong companies in the global quantum cryptography market. In terms of application, the network security segment accounted for the largest market share in 2021. Also, the market for the same segment is anticipated to witness steady growth during the forecast period. The components of network security comprise hardware and software. The security of any network is among the most critical tasks for IT companies, as cybercrime activities have been spurring over the years. The quantum hacking plan includes divergence of the implementation from the ideal model to gather information regarding the secured key. Thus, robust encryption of any network has become essential. Almost every company across sectors heavily emphasizes protecting respective networks from malicious activities, thereby driving the market growth for the network security segment.
Regional Analysis of Quantum Cryptography Market Share
North America dominated the quantum cryptography market with the largest share in 2021. With the presence of developed economies such as the US and Canada, companies in various verticals, including BFSI, retail, IT & telecom, and healthcare, across these countries are rapidly adopting digital transformation. Also, the region provides strong exposure and awareness about the emerging technologies available in the quantum cryptography market, which encourages companies in diverse verticals to adopt newer technologies and make advancements in the existing technologies. Therefore, the high adoption of advanced technologies has propelled the need for cybersecurity and data security tools. As the internet plays a critical role in the region, a growing number of cybersecurity threats have accelerated the requirements for security solutions by enterprises, different industries, and governments. The threat of losing data and the impact of potential cyber threats are two major factors contributing to the quantum cryptography market growth in the region.
Lucrative Regions: Quantum Cryptography Market Share
Market Insight – Quantum Cryptography Market
End User Based Insights
Based on end users, the quantum cryptography market is segmented into IT & telecommunication, BFSI, government & defense, healthcare, and others. In 2021, the IT & telecommunication segment accounted for the largest quantum cryptography market share. IT & telecommunication is one of the early adopters of advanced technologies and is constantly at risk of cyber-attacks. In addition, the sector continuously serves billions of individuals working in numerous organizations over an open or closed network. Coupling this fact with the rise in quantum computing, the risk of data loss is significantly high. Moreover, mobile traffic growth increases the risk of data breaches and other cybercrimes. Therefore, the telecommunication market players are exhibiting significant demand for quantum cryptography to secure their customer data and company information.
Players operating in the quantum cryptography market are developing advanced and efficient products.
- In May 2021, ID Quantique (IDQ), one of the leading quantum-safe security solutions providers, launched the Cerberis XG at the Inside Quantum Technology conference (IQT). The company claims that this first series would provide the highest level of trust to governments and enterprises for future-proof data protection in smaller and optimized form factors.
- In December 2020, a group of Japanese firms such as Toshiba Corp., NEC Corp., and Nomura Holdings Inc. launched the country’s first study on quantum cryptography to enhance stock trading security. In addition, they connected a cryptographic device developed by Toshiba to a trading system at Nomura Securities Co., the brokerage unit of Nomura Holdings, and test-run encryption using virtual customer details and trading data.
The quantum cryptography market is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In 2022, North America led the market with a substantial revenue share, followed by Europe. However, Asia Pacific is expected to register the highest CAGR in the market from 2022 to 2028. ID Quantique, Infineon Technologies, Magiq Technologies, IBM Corporation, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., Qubitekk, Quintessence Labs, Qutools GmbH, and Toshiba Corporation are among the key players operating in the quantum cryptography market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Application , and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Quantum Cryptography Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America- PEST Analysis
4.3.2 Europe- PEST Analysis
4.3.3 Asia-Pacific- PEST Analysis
4.3.4 Rest of World- PEST Analysis
5. Quantum Cryptography Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Investment in Cybersecurity
5.1.2 High Inclination Towards the Adoption of Next-Generation Wireless Network Technologies
5.2 Key Market Restraints
5.2.1 Sluggish Commercialization and High Implementation Cost of Quantum Cryptography
5.3 Key Market Opportunities
5.3.1 Increasing Adoption and Investments in Encryption Technologies in Developing Countries
5.4 Future Trends
5.4.1 Growing Preferences and Adoption of IoT and Cloud Technologies, will Positively Impact the Market
5.5 Impact Analysis of Drivers and Restraints
6. Quantum Cryptography Market – Global Market Analysis
6.1 Global Quantum Cryptography Market Overview
6.2 Global Quantum Cryptography Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Quantum Cryptography Market – By Offering
7.1 Overview
7.2 Global Quantum Cryptography Market Breakdown, By Offering, 2018 & 2027
7.3 Solution
7.3.1 Overview
7.3.2 Global Solution Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Global Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. Quantum Cryptography Market Analysis – By Application
8.1 Overview
8.2 Global Quantum Cryptography Breakdown, By Application, 2018 & 2027
8.3 Network Security
8.3.1 Overview
8.3.2 Global Network Security Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Application Security
8.4.1 Overview
8.4.2 Global Application Security Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Database Security
8.5.1 Overview
8.5.2 Global Database Security Market Revenue and Forecasts to 2027 (US$ Mn)
9. Quantum Cryptography Market Analysis – By End User
9.1 Overview
9.2 Global Quantum Cryptography Market Breakdown, By End User, 2018 & 2027
9.3 BFSI
9.3.1 Overview
9.3.2 Global BFSI Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Healthcare
9.4.1 Overview
9.4.2 Global Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Government & Military
9.5.1 Overview
9.5.2 Global Government & Military Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 IT & Telecommunication
9.6.1 Overview
9.6.2 Global IT & Telecommunication Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Global Quantum Cryptography Market – Geographic Analysis
10.1 Overview
10.2 North America Quantum cryptography Market Revenue and Forecast to 2027
10.2.1 Overview
10.2.2 North America Quantum cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.2.3 North America Quantum cryptography Market Breakdown, By Offering
10.2.4 North America Quantum cryptography Market Breakdown, By Application
10.2.5 North America Quantum cryptography Market Breakdown, By End-User
10.2.6 North America Quantum cryptography Market Breakdown, By Country
10.2.6.1 US Quantum Cryptography Market Revenue and Forecast to 2027 (Us$ Mn)
10.2.6.1.1 US Quantum Cryptography Market Breakdown, By Offering
10.2.6.1.2 US Quantum Cryptography Market Breakdown, By Application
10.2.6.1.3 US Quantum Cryptography Market Breakdown, By End-User
10.2.6.2 Canada Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.2.6.2.1 Canada Quantum Cryptography Market Breakdown, By Offering
10.2.6.2.2 Canada Quantum Cryptography Market Breakdown, By Application
10.2.6.2.3 Canada Quantum Cryptography Market Breakdown, By End-User
10.2.6.3 Mexico Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.2.6.3.1 Mexico Quantum Cryptography Market Breakdown, By Offering
10.2.6.3.2 Mexico Quantum Cryptography Market Breakdown, By Application
10.2.6.3.3 Mexico Quantum Cryptography Market Breakdown, By End-User
10.3 Europe Quantum Cryptography Market Revenue and Forecast to 2027
10.3.1 Overview
10.3.2 Europe Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.3 Europe Quantum Cryptography Market Breakdown, By Offerings
10.3.4 Europe Quantum Cryptography Market Breakdown, By Application
10.3.5 Europe Quantum Cryptography Market Breakdown, By End-User
10.3.6 Europe Quantum Cryptography Market Breakdown, By Country
10.3.6.1 Germany Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.1.1 Germany Quantum Cryptography Market Breakdown, By Offerings
10.3.6.1.2 Germany Quantum Cryptography Market Breakdown, By Application
10.3.6.1.3 Germany Quantum Cryptography Market Breakdown, By End-User
10.3.6.2 UK Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.2.1 UK Quantum Cryptography Market Breakdown, By Offerings
10.3.6.2.2 UK Quantum Cryptography Market Breakdown, By Application
10.3.6.2.3 UK Quantum Cryptography Market Breakdown, By End-User
10.3.6.3 France Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.3.1 France Quantum Cryptography Market Breakdown, By Offerings
10.3.6.3.2 France Quantum Cryptography Market Breakdown, By Application
10.3.6.3.3 France Quantum Cryptography Market Breakdown, By End-User
10.3.6.4 Italy Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.4.1 Italy Quantum Cryptography Market Breakdown, By Offerings
10.3.6.4.2 Italy Quantum Cryptography Market Breakdown, By Application
10.3.6.4.3 Italy Quantum Cryptography Market Breakdown, By End-User
10.3.6.5 Russia Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.5.1 Russia Quantum Cryptography Market Breakdown, By Offerings
10.3.6.5.2 Russia Quantum Cryptography Market Breakdown, By Application
10.3.6.5.3 Russia Quantum Cryptography Market Breakdown, By End-User
10.3.6.6 Rest of Europe Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.3.6.6.1 Rest of Europe Quantum Cryptography Market Breakdown, By Offerings
10.3.6.6.2 Rest of Europe Quantum Cryptography Market Breakdown, By Application
10.3.6.6.3 Rest of Europe Quantum Cryptography Market Breakdown, By End-User
10.4 Asia-Pacific (APAC) Quantum Cryptography Market Revenue and Forecast to 2027
10.4.1 Overview
10.4.2 APAC Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.3 APAC Quantum Cryptography Market Breakdown, By Offering
10.4.4 APAC Quantum Cryptography Market Breakdown, By Application
10.4.5 APAC Quantum Cryptography Market Breakdown, By End User
10.4.6 APAC Quantum Cryptography Market Breakdown, By Country
10.4.6.1 China Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.1.1 China Quantum Cryptography Market Breakdown, By Offering
10.4.6.1.2 China Quantum Cryptography Market Breakdown, By Application
10.4.6.1.3 China Quantum Cryptography Market Breakdown, By End User
10.4.6.2 Japan Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.2.1 Japan Quantum Cryptography Market Breakdown, By Offering
10.4.6.2.2 Japan Quantum Cryptography Market Breakdown, By Application
10.4.6.2.3 Japan Quantum Cryptography Market Breakdown, By End User
10.4.6.3 India Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.3.1 India Quantum Cryptography Market Breakdown, By Offering
10.4.6.3.2 India Quantum Cryptography Market Breakdown, By Application
10.4.6.3.3 India Quantum Cryptography Market Breakdown, By End User
10.4.6.4 South Korea Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.4.1 South Korea Quantum Cryptography Market Breakdown, By Offering
10.4.6.4.2 South Korea Quantum Cryptography Market Breakdown, By Application
10.4.6.4.3 South Korea Quantum Cryptography Market Breakdown, By End User
10.4.6.5 Australia Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.5.1 Australia Quantum Cryptography Market Breakdown, By Offering
10.4.6.5.2 Australia Quantum Cryptography Market Breakdown, By Application
10.4.6.5.3 Australia Quantum Cryptography Market Breakdown, By End User
10.4.6.6 Rest of APAC Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.4.6.6.1 Rest of APAC Quantum Cryptography Market Breakdown, By Offering
10.4.6.6.2 Rest of APAC Quantum Cryptography Market Breakdown, By Application
10.4.6.6.3 Rest of APAC Quantum Cryptography Market Breakdown, By End User
10.5 Rest of World (RoW) Quantum Cryptography Market Revenue and Forecast to 2027
10.5.1 Overview
10.5.2 Rest of World (RoW) Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.5.3 Rest of World (RoW) Quantum Cryptography Market Breakdown, By Offering
10.5.4 Rest of World (RoW) Quantum Cryptography Market Breakdown, By Application
10.5.5 Rest of World (RoW) Quantum Cryptography Market Breakdown, By End User
10.5.6 Rest of World (RoW) Quantum Cryptography Market Breakdown, By Region
10.5.6.1 Middle East & Africa (MEA) Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
10.5.6.1.1 Middle East & Africa (MEA) Quantum Cryptography Market Breakdown, By Offering
10.5.6.1.2 Middle East & Africa (MEA) Quantum Cryptography Market Breakdown, By Application
10.5.6.1.3 Middle East & Africa (MEA) Quantum Cryptography Market Breakdown, By End User
10.5.6.2 South America (SAM) Market Revenue and Forecast to 2027 (US$ Mn)
10.5.6.2.1 South America (SAM) Quantum Cryptography Market Breakdown, By Offering
10.5.6.2.2 South America (SAM) Quantum Cryptography Market Breakdown, By Application
10.5.6.2.3 South America (SAM) Quantum Cryptography Market Breakdown, By End User
11. Quantum Cryptography Market - Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 ID Quantique SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 MagiQ Technologies, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 NuCrypt LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Anhui Qasky Quantum Technology Co. Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Qubitekk
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 QuintessenceLabs
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 qutools GmbH
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Toshiba Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Product and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IBM Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Infineon Technologies AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Product & Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Quantum Cryptography Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Global Quantum Cryptography Market Revenue and Forecast to 2027, By Geography (US$ Mn)
Table 3. North America Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 4. North America Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. North America Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 6. North America Quantum Cryptography Market Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 7. US Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 8. US Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. US Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 10. Canada Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 11. Canada Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 12. Canada Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 13. Mexico Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 14. Mexico Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 15. Mexico Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 16. Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 17. Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 18. Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 19. Germany Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 20. Germany Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 21. Germany Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 22. UK Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 23. UK Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 24. UK Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 25. France Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 26. France Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 27. France Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 28. Italy Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 29. Italy Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 30. Italy Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 31. Russia Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 32. Russia Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 33. Russia Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 34. Rest of Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By Offerings (US$ Mn)
Table 35. Rest of Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 36. Rest of Europe Quantum Cryptography Market Revenue and Forecast to 2027 – By End-User (US$ Mn)
Table 37. APAC Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 38. APAC Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 39. APAC Quantum Cryptography Market Breakdown, By End User, 2018 & 2027 (%)
Table 40. China Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 41. China Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 42. China Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 43. Japan Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 44. Japan Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 45. Japan Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 46. India Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 47. India Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 48. India Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 49. South Korea Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 50. South Korea Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 51. South Korea Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 52. Australia Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 53. Australia Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 54. Australia Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 55. Rest of APAC Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 56. Rest of APAC Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 57. Rest of APAC Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 58. Rest of World (RoW) Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 59. Rest of World (RoW) Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 60. Rest of World (RoW) Quantum Cryptography Market Breakdown, By End User, 2018 & 2027 (%)
Table 61. Middle East & Africa (MEA) Quantum Cryptography Market Revenue And Forecast To 2027 – By Offering (US$ Mn)
Table 62. Middle East & Africa (MEA) Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 63. Middle East & Africa (MEA) Quantum Cryptography Market Revenue And Forecast To 2027 – By End User (US$ Mn)
Table 64. South America (SAM) Quantum Cryptography Market Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 65. South America (SAM) Quantum Cryptography Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 66. South America (SAM) Quantum Cryptography Market Revenue and Forecast to 2027 – By End User (US$ Mn)
Table 67. Glossary of Term: Quantum Cryptography Market
LIST OF FIGURES
Figure 1. Quantum Cryptography Market Segmentation
Figure 2. Quantum Cryptography Market Segmentation – By Geography
Figure 3. Quantum Cryptography Market - Competitive Scenario
Figure 4. Quantum Cryptography Market, By Offering
Figure 5. Quantum Cryptography Market, By Application
Figure 6. Quantum Cryptography Market, By Geography
Figure 7. Quantum Cryptography Market Overview
Figure 8. Quantum Cryptography Market Ecosystem Analysis
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia-Pacific – PEST Analysis
Figure 12. Rest of World– PEST Analysis
Figure 13. Quantum Cryptography Market Impact Analysis of Driver and Restraints
Figure 14. Global Quantum Cryptography Market- Geographical Analysis
Figure 15. Global Quantum Cryptography Market Forecast and Analysis, (US$ Mn)
Figure 16. Global Quantum Cryptography Market Breakdown, by Offering, 2018 & 2027 (%)
Figure 17. Global Solution Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Global Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Global Quantum Cryptography Market Breakdown, By Application, 2018 & 2027 (%)
Figure 20. Global Network Security Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Global Application Security Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Global Database Security Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Global Quantum Cryptography Market Breakdown, By End User, 2018 & 2027 (%)
Figure 24. Global BFSI Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Global Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Global Government & Military Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Global IT & Telecommunication Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Global Quantum Cryptography Market Breakdown, By Region, 2018 & 2027 (%)
Figure 30. North America Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 31. North America Quantum Cryptography Market Breakdown, By Offering, 2018 & 2027 (%)
Figure 32. North America Quantum Cryptography Market Breakdown, By Application, 2018 & 2027 (%)
Figure 33. North America Quantum Cryptography Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 34. North America Quantum Cryptography Market Breakdown, By Country, 2018 & 2027(%)
Figure 35. US Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Canada Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Mexico Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 38. Europe Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 39. Europe Quantum Cryptography Market Breakdown, Offerings, 2018 & 2027 (%)
Figure 40. Europe Quantum Cryptography Market Breakdown, By Application, 2018 & 2027 (%)
Figure 41. Europe Quantum Cryptography Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 42. Europe Quantum Cryptography Market Breakdown, By Country, 2018 & 2027(%)
Figure 43. Germany Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 44. UK Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 45. France Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 46. Italy Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 47. Russia Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 48. Rest of Europe Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 49. APAC Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 50. APAC Quantum Cryptography Market Breakdown, By Offering, 2018 & 2027 (%)
Figure 51. APAC Quantum Cryptography Market Breakdown, By Application, 2018 & 2027 (%)
Figure 52. APAC Quantum Cryptography Market Breakdown, By End User, 2018 & 2027 (%)
Figure 53. APAC Quantum Cryptography Market Breakdown, By Country, 2018 & 2027(%)
Figure 54. China Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 55. Japan Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 56. India Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 57. South Korea Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 58. Australia Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 59. Rest of APAC Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 60. Rest of World (RoW) Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 61. Rest of World (RoW) Quantum Cryptography Market Breakdown, By Offering, 2018 & 2027 (%)
Figure 62. Rest of World (RoW) Quantum Cryptography Market Breakdown, By Application, 2018 & 2027 (%)
Figure 63. Rest of World (RoW) Quantum Cryptography Market Breakdown, By End User, 2018 & 2027 (%)
Figure 64. Rest of World (RoW) Quantum Cryptography Market Breakdown, By Region, 2018 & 2027(%)
Figure 65. Middle East & Africa (MEA) Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 66. South America (SAM) Quantum Cryptography Market Revenue and Forecast to 2027 (US$ Mn)
Figure 67. Quantum Cryptography Market, Industry Landscape (2016-2019) %
The List of Companies
- ID Quantique
- Infineon Technologies
- Magiq Technologies
- IBM
- NuCrypt
- Anhui Qasky Quantum Technology Co. Ltd.
- Qubitekk
- Quintessence Labs
- Qutools GmbH
- Toshiba Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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