Europe Quantum Cryptography Market Size, Share & Industry Trends Analysis Report By Vertical, By Security Type (Network Security and Application Security), By Offering, By Country and Growth Forecast, 2023 - 2030

Europe Quantum Cryptography Market Size, Share & Industry Trends Analysis Report By Vertical, By Security Type (Network Security and Application Security), By Offering, By Country and Growth Forecast, 2023 - 2030


The Europe Quantum Cryptography Market would witness market growth of 39.8% CAGR during the forecast period (2023-2030).

Quantum cryptography offers multiple advantages over traditional cryptographic methods. For instance, it offers high secrecy, meaning that an eavesdropper cannot encrypt the message even with unlimited computing power. Communication will also be disrupted by any effort to eavesdrop on a quantum-encrypted communication, informing the legitimate parties involved. Governments, military organizations, financial institutions, and other organizations that demand high levels of security for their communication channels are, therefore, increasingly using quantum cryptography.

Currently, the revenue of the QComms ecosystem is produced by component players, consulting services, and joint research initiatives. Quantum cryptography solutions are already commercially available. The market participants are forming alliances with related players in the ecosystem. Technology players are introducing new value chain elements. The market is also anticipated to expand faster in the upcoming years due to additional reasons like rising investments, government efforts, research projects, an increase in the frequency of cyberattacks, and player collaborations. Using quantum key distribution (QKD) protocols, quantum cryptography provides a method for secure key distribution.

In the Europe region, cybercrime is becoming increasingly prevalent. According to information released by the UK government, 39% of UK businesses would have detected a cyberattack by 2022. In response to the expanding number of data breaches, governments have enacted new laws, such as the General Data Protection Regulation (GDPR) by the European Union. The development of quantum technology has long been supported by Europe, renowned for its strong technical and scientific capabilities. These methods aim to position the region at the forefront of the second quantum revolution, leading to breakthrough scientific advancements. All of these factors are expected to support the expansion of the market in the Europe region.

The Germany market dominated the Europe Quantum Cryptography Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $366.7 Million by 2030. The UK market is estimated to grow at a CAGR of 38.6% during (2023 - 2030). Additionally, The France market would register a CAGR of 40.8% during (2023 - 2030).

Based on Vertical, the market is segmented into Government & Defense, Retail & eCommerce, IT & Telecom, BFSI, Healthcare & Lifesciences and Others. Based on Security Type, the market is segmented into Network Security and Application Security. Based on Offering, the market is segmented into Solution (Quantum Key Distribution, Quantum Random Number Generation and Others) and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include IBM Corporation, Hewlett Packard Enterprise Company, Toshiba Corporation, NEC Corporation, MagiQ Technologies, Inc., Crypta Labs Limited, Qubitekk, Inc., ISARA Corporation, Nucrypt LLC, and Qrypt

Scope of the Study

Market Segments covered in the Report:

By Vertical
  • Government & Defense
  • Retail & eCommerce
  • IT & Telecom
  • BFSI
  • Healthcare & Lifesciences
  • Others
By Security Type
  • Network Security
  • Application Security
By Offering
  • Solution
  • Quantum Key Distribution
  • Quantum Random Number Generation
  • Others
  • Services
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • IBM Corporation
  • Hewlett Packard Enterprise Company
  • Toshiba Corporation
  • NEC Corporation
  • MagiQ Technologies, Inc.
  • Crypta Labs Limited
  • Qubitekk, Inc.
  • ISARA Corporation
  • Nucrypt LLC
  • Qrypt
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Quantum Cryptography Market, by Vertical
1.4.2 Europe Quantum Cryptography Market, by Security Type
1.4.3 Europe Quantum Cryptography Market, by Offering
1.4.4 Europe Quantum Cryptography Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Quantum Cryptography Market
Chapter 5. Europe Quantum Cryptography Market by Vertical
5.1 Europe Government & Defense Market by Country
5.2 Europe Retail & eCommerce Market by Country
5.3 Europe IT & Telecom Market by Country
5.4 Europe BFSI Market by Country
5.5 Europe Healthcare & Lifesciences Market by Country
5.6 Europe Others Market by Country
Chapter 6. Europe Quantum Cryptography Market by Security Type
6.1 Europe Network Security Market by Country
6.2 Europe Application Security Market by Country
Chapter 7. Europe Quantum Cryptography Market by Offering
7.1 Europe Solution Market by Country
7.2 Europe Quantum Cryptography Market by Solution Type
7.2.1 Europe Quantum Key Distribution Market by Country
7.2.2 Europe Quantum Random Number Generation Market by Country
7.2.3 Europe Others Market by Country
7.3 Europe Services Market by Country
Chapter 8. Europe Quantum Cryptography Market by Country
8.1 Germany Quantum Cryptography Market
8.1.1 Germany Quantum Cryptography Market by Vertical
8.1.2 Germany Quantum Cryptography Market by Security Type
8.1.3 Germany Quantum Cryptography Market by Offering
8.1.3.1 Germany Quantum Cryptography Market by Solution Type
8.2 UK Quantum Cryptography Market
8.2.1 UK Quantum Cryptography Market by Vertical
8.2.2 UK Quantum Cryptography Market by Security Type
8.2.3 UK Quantum Cryptography Market by Offering
8.2.3.1 UK Quantum Cryptography Market by Solution Type
8.3 France Quantum Cryptography Market
8.3.1 France Quantum Cryptography Market by Vertical
8.3.2 France Quantum Cryptography Market by Security Type
8.3.3 France Quantum Cryptography Market by Offering
8.3.3.1 France Quantum Cryptography Market by Solution Type
8.4 Russia Quantum Cryptography Market
8.4.1 Russia Quantum Cryptography Market by Vertical
8.4.2 Russia Quantum Cryptography Market by Security Type
8.4.3 Russia Quantum Cryptography Market by Offering
8.4.3.1 Russia Quantum Cryptography Market by Solution Type
8.5 Spain Quantum Cryptography Market
8.5.1 Spain Quantum Cryptography Market by Vertical
8.5.2 Spain Quantum Cryptography Market by Security Type
8.5.3 Spain Quantum Cryptography Market by Offering
8.5.3.1 Spain Quantum Cryptography Market by Solution Type
8.6 Italy Quantum Cryptography Market
8.6.1 Italy Quantum Cryptography Market by Vertical
8.6.2 Italy Quantum Cryptography Market by Security Type
8.6.3 Italy Quantum Cryptography Market by Offering
8.6.3.1 Italy Quantum Cryptography Market by Solution Type
8.7 Rest of Europe Quantum Cryptography Market
8.7.1 Rest of Europe Quantum Cryptography Market by Vertical
8.7.2 Rest of Europe Quantum Cryptography Market by Security Type
8.7.3 Rest of Europe Quantum Cryptography Market by Offering
8.7.3.1 Rest of Europe Quantum Cryptography Market by Solution Type
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Hewlett Packard Enterprise Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Toshiba Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research and Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 NEC Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 MagiQ Technologies, Inc.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 Crypta Labs Limited
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.3 SWOT Analysis
9.7 Qubitekk, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.3 SWOT Analysis
9.8 ISARA Corporation
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.3 SWOT Analysis
9.9 Nucrypt LLC
9.9.1 Company Overview
9.10. Qrypt
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.3 SWOT Analysis

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