Quantum Cryptography Market Report: Trends, Forecast and Competitive Analysis to 2030

Quantum Cryptography Market Report: Trends, Forecast and Competitive Analysis to 2030

Quantum Cryptography Trends and Forecast

The future of the global quantum cryptography market looks promising with opportunities in the IT & telecommunication, BFSI, government & defense, healthcare markets. The global quantum cryptography market is expected to reach an estimated $5.9 billion by 2030 with a CAGR of 43.1% from 2024 to 2030. The major drivers for this market are increasing cybersattacks in the digitalization era and developing advanced wireless network technologies for the next generation.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Quantum Cryptography by Segment

The study includes a forecast for the global quantum cryptography by offering, application , end use industry, and region.

Quantum Cryptography Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Solutions
• Services

Quantum Cryptography Market by Application  [Shipment Analysis by Value from 2018 to 2030]:

• Network Security
• Application Security
• Database Security
• Others

Quantum Cryptography Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• IT & Telecommunication
• BFSI
• Government & Defense
• Healthcare
• Others

Quantum Cryptography Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Quantum Cryptography Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies quantum cryptography companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the quantum cryptography companies profiled in this report include-

• ID Quantique
• Infineon Technologies
• Magiq Technologies
• IBM
• NuCrypt
• Anhui Qasky Quantum Technology
• Qubitekk
• Quintessence Labs
• Qutools
• Toshiba

Quantum Cryptography Market Insights

Lucintel forecasts that network security will remain the largest segment over the forecast period growth in the BYOD trend at work, the virtualization of servers, and the utilization of cloud computing services.

North America will remain the largest region over the forecast period due to the existence of advanced economies like the US and Canada, companies spanning BFSI, retail, it & telecom, and healthcare flourish.

Features of the Global Quantum Cryptography Market

Market Size Estimates: Quantum cryptography market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Quantum cryptography market size by offering, application , end use industry, and region in terms of value ($B).

Regional Analysis: Quantum cryptography market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offering, application , end use industry, and regions for the quantum cryptography market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the quantum cryptography market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the quantum cryptography market size?

Answer: The global quantum cryptography market is expected to reach an estimated $5.9 billion by 2030.

Q2. What is the growth forecast for quantum cryptography market?

Answer: The global quantum cryptography market is expected to grow with a CAGR of 43.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the quantum cryptography market?

Answer: The major drivers for this market are increasing cybersattacks in the digitalization era and developing advanced wireless network technologies for the next generation.

Q4. What are the major segments for quantum cryptography market?

Answer: The future of the quantum cryptography market looks promising with opportunities in the IT & telecommunication, BFSI, government & defense, healthcare markets.

Q5. Who are the key quantum cryptography market companies?

Answer: Some of the key quantum cryptography companies are as follows:

• ID Quantique
• Infineon Technologies
• Magiq Technologies
• IBM
• NuCrypt
• Anhui Qasky Quantum Technology
• Qubitekk
• Quintessence Labs
• Qutools
• Toshiba

Q6. Which quantum cryptography market segment will be the largest in future?

Answer: Lucintel forecasts that network security will remain the largest segment over the forecast period growth in the BYOD trend at work, the virtualization of servers, and the utilization of cloud computing services.

Q7. In quantum cryptography market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the existence of advanced economies like the US and canada, companies spanning BFSI, retail, IT & telecom, and healthcare flourish.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the quantum cryptography market by offering (solutions and services), application  (network security, application security, database security, and others), end use industry (IT & telecommunication, BFSI, government & defense, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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