Global Quantum Cryptography Market Growth (Status and Outlook) 2023-2029

Global Quantum Cryptography Market Growth (Status and Outlook) 2023-2029

This report studies the Quantum Cryptography market, Quantum cryptography uses physics instead of mathematics to encode messages, which provides greater security.

The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as “BB84”. Five years later, they built the first QKD prototype system which was said to be “secure against any eavesdropper who happened to be deaf” as it made audible noises while encoding crypto key onto single photons.

From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.

LPI (LP Information)' newest research report, the “Quantum Cryptography Industry Forecast” looks at past sales and reviews total world Quantum Cryptography sales in 2022, providing a comprehensive analysis by region and market sector of projected Quantum Cryptography sales for 2023 through 2029. With Quantum Cryptography sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Quantum Cryptography industry.

This Insight Report provides a comprehensive analysis of the global Quantum Cryptography landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Quantum Cryptography portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Quantum Cryptography market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Quantum Cryptography and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Quantum Cryptography.

The global Quantum Cryptography market size is projected to grow from US$ 3614.7 million in 2022 to US$ 16550 million in 2029; it is expected to grow at a CAGR of 24.3% from 2023 to 2029.

The major players in global quantum cryptography include ID Quantique, Sequrenet, Quintessence Labs, Magiq Technologies, Toshiba, QuantumCTek and Qasky, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Quantum Cryptography market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Table Pros
Table Cons

Segmentation by application
Financial
Government
Military & Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ID Quantique
SeQureNet
Quintessence Labs
MagiQ Technologies
Toshiba
QuantumCTek
Qasky

Please note: The report will take approximately 2 business days to prepare and deliver.