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Global Quantum Cryptography Market Influencing Factors by Top Companies like ID Quantique, QuintessenceLabs, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., PQ Solutions Limited and others
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Global Quantum Cryptography Market is driven by rise in funding of cyber security, which is projecting a rise in estimated value from USD 102.56 million in 2018 to an estimated value of USD 1353.70 million by 2026, registering a CAGR of 38.06% in the forecast period of 2019-2026.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved
Global Quantum Cryptography Market By Component (Solutions, Services), Service (Consulting and Advisory, Deployment and Integration, Support and Maintenance), Security Type (Network Security, Application Security), Vertical (Government and Defense, Banking, Financial Services, and Insurance, Retail, Healthcare, Automotive, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Major Market Competitors/Players: Global Quantum Cryptography Market
Few of the major competitors currently working in quantum cryptography market are ID Quantique, QuintessenceLabs, NuCrypt, Anhui Qasky Quantum Technology Co. Ltd., PQ Solutions Limited, MagiQ Technologies, ISARA Corporation, Quantum XC., Aurea Technologies Inc, IBM Corporation, Infineon Technologies AG and Mitsubishi Electric Corporation.
Key Developments in the Market:
•In October 2018, ID Quantique & InfoSec Global collaborated together for providing virtual private network (vpn) which is quantum safe. this particular technology has been developed by combining the quantum random number generator technology of id quantique & cryptographic agility of infosec global
•In September 2018, high-speed quantum cryptographic communications have been successfully applied at Ohoku University by tohoku medical megabank organization & Toshiba Corporation. It is world’s first cryptographic communications with over 10 mbps speed.
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Segmentation: Global Quantum Cryptography Market
Component
• Solutions
• Services
By Service
• Consulting and Advisory
• Deployment and Integration
• Support and Maintenance
By Security Type
• Network Security
• Application Security
By Vertical
• Government and Defence
• Banking, Financial Services, and Insurance
• Retail
• Healthcare
• Automotive
• Others
By Geography
• North America
• South America
• Europe
• Asia Pacific
Market Drivers:
• Increasing demand for security solutions of IoT & cloud technologies as these are being used by every data company
• Increasing need for reducing cyber-attacks in this growing era of digital crime
Market Restraints:
• The cost of implementation of this system is very high
• Shortage of technical expertise within the area of quantum cryptography & its technologies
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