North America 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

North America 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 North America Quantum Cryptography Market would witness market growth of 39.2% CAGR during the forecast period (2023-2030).

Quantum cryptography is practically un-hackable, easy to implement, and requires no maintenance resources. Furthermore, it is also used to detect and monitor quantum key distribution, as it is impossible to copy data encoded in a quantum state. Additionally, it protects communication by offering security based on fundamental laws rather than mathematical algorithms.

Organizations implement quantum cryptography solutions to increase network and application security. Due to the increased adoption of these solutions across the government and BFSI verticals, the market is anticipated to experience new opportunities. The industry participants prioritize innovative solutions to enhance security and transactions.

The increase in cybersecurity funding, the increasing demand for next-generation security solutions for cloud and IoT technologies, and the advancement of next-generation wireless network technologies are all expected to fuel the development of the market. Quantum cryptography has developed and been adopted due to the advancement of wireless network technology. In modern society, wireless networks such as Wi-Fi, Bluetooth, and cellular networks have become ubiquitous. Their use has led to an increase in the amount of wirelessly transmitted data.

The increasing number of cyber threats and attacks faced by organizations and individuals in the United States has made cyber security an increasingly vital concern in recent years. The growing incidences and sophistication of cyberattacks in the United States drive the use of cybersecurity solutions. According to data published by International Trade Administration, the average cost of a data breach for Canadian companies is about US$4.4 M per event, which is about $500K more than the global average of US$3.92 M. The alarming frequency of cyberattacks in the region and the government's proactive response to the problem are projected to support the expansion of the regional market.

The US market dominated the North America Quantum Cryptography Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,627.5 Million by 2030. The Canada market is poised to grow at a CAGR of 42.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 41.1% 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 U.S., Mexico, Canada, and Rest of North America.

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
  • US
  • Canada
  • Mexico
  • Rest of North America
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 North America Quantum Cryptography Market, by Vertical
1.4.2 North America Quantum Cryptography Market, by Security Type
1.4.3 North America Quantum Cryptography Market, by Offering
1.4.4 North America 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. North America Quantum Cryptography Market by Vertical
5.1 North America Government & Defense Market by Country
5.2 North America Retail & eCommerce Market by Country
5.3 North America IT & Telecom Market by Country
5.4 North America BFSI Market by Country
5.5 North America Healthcare & Lifesciences Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Quantum Cryptography Market by Security Type
6.1 North America Network Security Market by Country
6.2 North America Application Security Market by Country
Chapter 7. North America Quantum Cryptography Market by Offering
7.1 North America Solution Market by Country
7.2 North America Quantum Cryptography Market by Solution Type
7.2.1 North America Quantum Key Distribution Market by Country
7.2.2 North America Quantum Random Number Generation Market by Country
7.2.3 North America Others Market by Country
7.3 North America Services Market by Country
Chapter 8. North America Quantum Cryptography Market by Country
8.1 US Quantum Cryptography Market
8.1.1 US Quantum Cryptography Market by Vertical
8.1.2 US Quantum Cryptography Market by Security Type
8.1.3 US Quantum Cryptography Market by Offering
8.1.3.1 US Quantum Cryptography Market by Solution Type
8.2 Canada Quantum Cryptography Market
8.2.1 Canada Quantum Cryptography Market by Vertical
8.2.2 Canada Quantum Cryptography Market by Security Type
8.2.3 Canada Quantum Cryptography Market by Offering
8.2.3.1 Canada Quantum Cryptography Market by Solution Type
8.3 Mexico Quantum Cryptography Market
8.3.1 Mexico Quantum Cryptography Market by Vertical
8.3.2 Mexico Quantum Cryptography Market by Security Type
8.3.3 Mexico Quantum Cryptography Market by Offering
8.3.3.1 Mexico Quantum Cryptography Market by Solution Type
8.4 Rest of North America Quantum Cryptography Market
8.4.1 Rest of North America Quantum Cryptography Market by Vertical
8.4.2 Rest of North America Quantum Cryptography Market by Security Type
8.4.3 Rest of North America Quantum Cryptography Market by Offering
8.4.3.1 Rest of North America 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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