Quantum Cryptography Market Share, Size, Trends, Industry Analysis Report, By Offering (Solutions, Services); By Security Type (Network Security, Application Security); By Vertical; By Region; Segment Forecast, 2023 - 2032

Quantum Cryptography Market Share, Size, Trends, Industry Analysis Report, By Offering (Solutions, Services); By Security Type (Network Security, Application Security); By Vertical; By Region; Segment Forecast, 2023 - 2032



The global quantum cryptography market size is expected to reach USD 11,336 million by 2032, according to a new study by Polaris Market Research. The report “Quantum Cryptography Market Share, Size, Trends, Industry Analysis Report, By Offering (Solutions, Services); By Security Type (Network Security, Application Security); By Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing cost of data breaches is a significant growth driver for the quantum cryptography market. As highlighted in IBM Security's ""The Cost of a Data Breach Report,"" the global average cost of a data breach has risen by 2.6%, reaching a historical high of $4.35 million in 2022. This upward trend in the cost of data breaches underscores the urgent need for more advanced and robust cybersecurity solutions to protect against cyber-attacks.

Quantum cryptography provides an ultra-secure way to transmit data that is almost impossible to intercept or hack, making it an increasingly attractive solution for organizations seeking to protect their sensitive and confidential information. As a result, the increasing cost of data breaches is likely to drive demand for quantum cryptography solutions, particularly among industries that handle highly sensitive data.

The shortage of skilled cybersecurity professionals is a significant factor driving the growth of the quantum cryptography market. ISACA's survey report, ""State of Cybersecurity 2022: Global Update on Workforce Efforts, Resources and Cyber Operations,"" reveals that 60% of Indian companies have unoccupied cybersecurity positions, and 42% indicate that their cybersecurity team lacks adequate personnel. This scarcity of qualified cybersecurity professionals is leading organizations to seek more advanced and efficient ways to secure their networks and data.

One such solution is quantum cryptography, which provides a highly secure way to transmit data that is difficult to intercept or hack. The shortage of skilled cybersecurity professionals is driving the growth of the market as organizations seek innovative ways to protect their sensitive data from cyber threats.

Quantum Cryptography Market Report Highlights

Solutions segment is anticipated to witness faster growth in the coming years due to growing acceptance of quantum key distribution (QKD) systems.

Network Security segment accounted for the larger market share owing to the the mounting risk of cyber-attacks.

Government segment is projected to experience larger revenue share due to the increasing need for secure communication channels and data protection.

North America is projected to register higher growth and larger revenue share in the study period owing to the growing incidence of data breaches in the region.

Asia Pacific is expected to grow prominently owing to the growing utilization of quantum technologies.

The global players include ID Quantique, QuintessenceLabs, Crypta Labs, MagiQ Technologies, Toshiba, Qubitekk, QuTech, PQ Solutions, Post-Quantum, Xanadu, Cryptography Research Centre, Entanglement Partners, Quantum Motion, QuSecure, Qnami, QuNu Labs, Quantum Xchange, Raytheon Technologies, NEC, Secure Communication Systems, Huawei Technologies, CryptoExperts, Cygnacom, QuantumCTek, SwissQuantum, Universal Quantum & Quantum Machines.

Polaris Market Research has segmented the quantum cryptography market report based on offering, security type, vertical and region:

Quantum Cryptography, Offering Outlook (Revenue - USD Million, 2019 - 2032)

Solutions

Quantum Key Distribution (QKD)

Quantum Random Number Generator (QRNG)

Services

Quantum Cryptography, Security Type Outlook (Revenue - USD Million, 2019 - 2032)

Network Security

Application Security

Quantum Cryptography, Vertical Outlook (Revenue - USD Million, 2019 - 2032)

Government

Defense

BFSI

Health Care

Retail and eCommerce

Quantum Cryptography, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Verticals
3.2.1. Primary Verticals
3.2.2. Secondary Verticals
4. Global Quantum Cryptography Market Insights
4.1. Quantum Cryptography Market – Vertical Snapshot
4.2. Quantum Cryptography Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising cyberattacks in digitalization era
4.2.1.2. increasing cybersecurity funding
4.2.2. Restraints and Challenges
4.2.2.1. High implementation cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Quantum Cryptography Market Vertical Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Quantum Cryptography Market, by Offering
5.1. Key Findings
5.2. Introduction
5.2.1. Global Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
5.3. Solutions
5.3.1. Global Quantum Cryptography Market, by Solutions, by Region, 2019-2032 (USD Million)
5.4. Services
5.4.1. Global Quantum Cryptography Market, by Services, by Region, 2019-2032 (USD Million)
6. Global Quantum Cryptography Market, by Security Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
6.3. Network Security
6.3.1. Global Quantum Cryptography Market, by Network Security, by Region, 2019-2032 (USD Million)
6.4. Application Security
6.4.1. Global Quantum Cryptography Market, by Application Security, by Region, 2019-2032 (USD Million)
7. Global Quantum Cryptography Market, by Vertical
7.1. Key Findings
7.2. Introduction
7.2.1. Global Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
7.3. Government
7.3.1. Global Quantum Cryptography Market, by Government, By Region, 2019-2032 (USD Million)
7.4. Defense
7.4.1. Global Quantum Cryptography Market, by Defense, By Region, 2019-2032 (USD Million)
7.5. BFSI
7.5.1. Global Quantum Cryptography Market, by BFSI, By Region, 2019-2032 (USD Million)
7.6. Health Care
7.6.1. Global Quantum Cryptography Market, by Health Care, By Region, 2019-2032 (USD Million)
7.7. Retail and eCommerce
7.7.1. Global Quantum Cryptography Market, by Retail and eCommerce, By Region, 2019-2032 (USD Million)
8. Global Quantum Cryptography Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Quantum Cryptography Market Assessment, By Geography, 2019-2032 (USD Million)
8.3. Quantum Cryptography Market – North America
8.3.1. North America: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.3.2. North America: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.3.3. North America: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.3.4. Quantum Cryptography Market – U.S.
8.3.4.1. U.S.: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.3.4.2. U.S.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.3.4.3. U.S.: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.3.5. Quantum Cryptography Market – Canada
8.3.5.1. Canada: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.3.5.2. Canada.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.3.5.3. Canada: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4. Quantum Cryptography Market – Europe
8.4.1. Europe: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.2. Europe.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.3. Europe: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.4. Quantum Cryptography Market – UK
8.4.4.1. UK: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.4.2. UK.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.4.3. UK: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.5. Quantum Cryptography Market – France
8.4.5.1. France: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.5.2. France.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.5.3. France: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.6. Quantum Cryptography Market – Germany
8.4.6.1. Germany: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.6.2. Germany.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.6.3. Germany: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.7. Quantum Cryptography Market – Italy
8.4.7.1. Italy: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.7.2. Italy.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.7.3. Italy: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.8. Quantum Cryptography Market – Spain
8.4.8.1. Spain: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.8.2. Spain.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.8.3. Spain: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.9. Quantum Cryptography Market – Netherlands
8.4.9.1. Netherlands: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.9.2. Netherlands.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.9.3. Netherlands: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.4.10. Quantum Cryptography Market – Russia
8.4.10.1. Russia: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.4.10.2. Russia.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.4.10.3. Russia: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5. Quantum Cryptography Market – Asia Pacific
8.5.1. Asia Pacific: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.2. Asia Pacific.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.3. Asia Pacific: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.4. Quantum Cryptography Market – China
8.5.4.1. China: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.4.2. China.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.4.3. China: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.5. Quantum Cryptography Market – India
8.5.5.1. India: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.5.2. India.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.5.3. India: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.6. Quantum Cryptography Market – Malaysia
8.5.6.1. Malaysia: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.6.2. Malaysia.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.6.3. Malaysia: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.7. Quantum Cryptography Market – Japan
8.5.7.1. Japan: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.7.2. Japan.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.7.3. Japan: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.8. Quantum Cryptography Market – Indonesia
8.5.8.1. Indonesia: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.8.2. Indonesia.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.8.3. Indonesia: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.5.9. Quantum Cryptography Market – South Korea
8.5.9.1. South Korea: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.5.9.2. South Korea.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.5.9.3. South Korea: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.6. Quantum Cryptography Market – Middle East & Africa
8.6.1. Middle East & Africa: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.6.2. Middle East & Africa.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.6.3. Middle East & Africa: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.6.4. Quantum Cryptography Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.6.4.2. Saudi Arabia.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.6.4.3. Saudi Arabia: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.6.5. Quantum Cryptography Market – UAE
8.6.5.1. UAE: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.6.5.2. UAE.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.6.5.3. UAE: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.6.6. Quantum Cryptography Market – Israel
8.6.6.1. Israel: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.6.6.2. Israel.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.6.6.3. Israel: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.6.7. Quantum Cryptography Market – South Africa
8.6.7.1. South Africa: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.6.7.2. South Africa.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.6.7.3. South Africa: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.7. Quantum Cryptography Market – Latin America
8.7.1. Latin America: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.7.2. Latin America.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.7.3. Latin America: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.7.4. Quantum Cryptography Market – Mexico
8.7.4.1. Mexico: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.7.4.2. Mexico.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.7.4.3. Mexico: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.7.5. Quantum Cryptography Market – Brazil
8.7.5.1. Brazil: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.7.5.2. Brazil.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.7.5.3. Brazil: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
8.7.6. Quantum Cryptography Market – Argentina
8.7.6.1. Argentina: Quantum Cryptography Market, by Offering, 2019-2032 (USD Million)
8.7.6.2. Argentina.: Quantum Cryptography Market, by Vertical, 2019-2032 (USD Million)
8.7.6.3. Argentina: Quantum Cryptography Market, by Security Type, 2019-2032 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. ID Quantique, QuintessenceLabs
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Offering Benchmarking
10.1.4. Recent Development
10.2. Crypta Labs
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Offering Benchmarking
10.2.4. Recent Development
10.3. MagiQ Technologies
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Offering Benchmarking
10.3.4. Recent Development
10.4. Toshiba
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Offering Benchmarking
10.4.4. Recent Development
10.5. Qubitekk
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Offering Benchmarking
10.5.4. Recent Development
10.6. QuTech
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Offering Benchmarking
10.6.4. Recent Development
10.7. PQ Solutions
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Offering Benchmarking
10.7.4. Recent Development
10.8. Post-Quantum
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Offering Benchmarking
10.8.4. Recent Development
10.9.Xanadu
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Offering Benchmarking
10.9.4. Recent Development
10.10. Cryptography Research Centre
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Offering Benchmarking
10.10.4. Recent Development
10.11. Cambridge Quantum Computing
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Offering Benchmarking
10.11.4. Recent Development
10.12. SK Telecom
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Offering Benchmarking
10.12.4. Recent Development
10.13. Nokia
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Offering Benchmarking
10.13.4. Recent Development
10.14. Alibaba
10.14.1. Company Overview
10.14.2. Finan10.14. Alibaba
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Offering Benchmarking
10.14.4. Recent Development
10.15. Cambridge Quantum
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Offering Benchmarking
10.15.4. Recent Development
10.16. Rigetti Computing
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Offering Benchmarking
10.16.4. Recent Development
10.16. Microsoft
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Offering Benchmarking
10.16.4. Recent Development
10.18. IBM
10.18.1. Company Overview
10.18.2. Financial Performance
10.18.3. Offering Benchmarking
10.18.4. Recent Development
10.19. Google
10.19.1. Company Overview
10.19.2. Financial Performance
10.19.3. Offering Benchmarking
10.19.4. Recent Development
10.20. D-Wave Systems
10.20.1. Company Overview
10.20.2. Financial Performance
10.20.3. Offering Benchmarking
10.20.4. Recent Development
10.21. Zapata Computing
10.211. Company Overview
10.21.2. Financial Performance
10.21.3. Offering Benchmarking
10.21.4. Recent Development
10.21. Honeywell
10.21.1. Company Overview
10.21.2. Financial Performance
10.21.3. Offering Benchmarking
10.21.4. Recent Development
10.22. PsiQuantum
10.22.1. Company Overview
10.22.2. Financial Performance
10.22.3. Offering Benchmarking
10.22.4. Recent Development
10.23. Entanglement Partners
10.23.1. Company Overview
10.23.2. Financial Performance
10.23.3. Offering Benchmarking
10.23.4. Recent Development
10.24. Quantum Motion
10.24.1. Company Overview
10.24.2. Financial Performance
10.24.3. Offering Benchmarking
10.24.4. Recent Development
10.25QuSecure
10.25.1. Company Overview
10.25.2. Financial Performance
10.25.3. Offering Benchmarking
10.25.4. Recent Development
10.26. Qnami
10.26.1. Company Overview
10.26.2. Financial Performance
10.26.3. Offering Benchmarking
10.26.4. Recent Development
10.27. QuNu Labs
10.27.1. Company Overview
10.27.2. Financial Performance
10.27.3. Offering Benchmarking
10.27.4. Recent Development
10.28. Quantum Xchange
10.28.1. Company Overview
10.28.2. Financial Performance
10.28.3. Offering Benchmarking
10.28.4. Recent Development
10.29. Raytheon Technologies
10.29.1. Company Overview
10.29.2. Financial Performance
10.29.3. Offering Benchmarking
10.29.4. Recent Development
10.30. NEC
10.30.1. Company Overview
10.30.2. Financial Performance
10.30.3. Offering Benchmarking
10.30.4. Recent Development
10.31. Secure Communication Systems
10.31.1. Company Overview
10.31.2. Financial Performance
10.31.3. Offering Benchmarking
10.31.4. Recent Development
10.32. Huawei Technologies
10.32.1. Company Overview
10.32.2. Financial Performance
10.32.3. Offering Benchmarking
10.32.4. Recent Development
10.33. CryptoExperts
10.33.1. Company Overview
10.33.2. Financial Performance
10.33.3. Offering Benchmarking
10.33.4. Recent Development
10.34. Cygnacom
10.34.1. Company Overview
10.34.2. Financial Performance
10.34.3. Offering Benchmarking
10.34.4. Recent Development
10.35 QuantumCTek
10.35.1. Company Overview
10.35.2. Financial Performance
10.35.3. Offering Benchmarking
10.35.4. Recent Development
10.36 SwissQuantum
10.36.1. Company Overview
10.36.2. Financial Performance
10.36.3. Offering Benchmarking
10.36.4. Recent Development
10.37 Universal Quantum & Quantum Machines
10.37.1. Company Overview
10.37.2. Financial Performance
10.37.3. Offering Benchmarking
10.37.4. Recent Development

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