Quantum Cryptography Market To Be Dominated by Key Players Magiq Technologies, Quintessencelabs, Nucrypt, Qutools, Qasky And Qubitekk

Coherent Market Research Published a Half Cooked Research Report on Global Quantum cryptography Market Research Report. Avail the in-depth table of content Table of Content and market synopsis on “Quantum cryptography Market Research Report - Global Forecast up to 2026.”

The Global “Quantum cryptography Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.

Quantum cryptography is a technique to ensure confidentiality of communicating information. It is a blend of quantum mechanics, which allows to perform various cryptography tasks those are not possible by non-quantum communication.

Get PDF of Sample Copy Illustration: https://www.coherentmarketinsights.com/insight/request-sample/1192

The key factor responsible for the growth of quantum cryptography market is increasing incidents of cyber-attacks globally. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8%, which was recorded in June 2016. Banking and finance is the major sector prone to cyber-attack. Quantum Cryptography is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, around 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015, the number of frauds were 13,083 and 9,500 in the year 2013 –14. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of quantum cryptography solutions.

Quantum Cryptography Market: Regional Insights

The global quantum cryptography market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for quantum cryptography in North America is expected to dominate the global market during forecast period. This growth is attributed to increasing cyber-attacks in this region on web based business such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes resulted in a loss of over US$ 1.33 billion globally. California witnessed the highest recorded loss with over US$ 255 million. In 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. This in turn creates a highly conducive environment for growth of the market.

Quantum Cryptography Market: Competitive Background

Major players operating in the global quantum cryptography market include Magiq Technologies, Inc., Quintessencelabs, Nucrypt LLC, Qutools GmbH, Qasky, Crypta Labs Ltd, Qubitekk, Inc., PQ Solutions, Infineon Technologies AG, and Id Quantique.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/1192

Quantum Cryptography Market Taxonomy:

Quantum Cryptography Market is segmented on the basis of services and end user, application, and region.

On the basis of application:

- Database Encryption
- Application Security
- Network Security

On the basis of end user industry:

- Banking, Finance Services and Insurance
- Telecom and IT
- Government and Defense
- Healthcare and Life sciences
- Consumer Good and Retail

On the basis of region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.