Quantum Cryptography Market Overview, Top Companies, Region, Application and Global Forecasts by 2027

The global quantum cryptography market accounted at US$ 105.3 Mn in 2018 and is expected to reach US$ 1,996.1 Mn by 2027 with a CAGR growth rate of 39.2% in the forecast period from 2019 to 2027.

The Analysis report titled "Quantum Cryptography Market" highly demonstrates the current Quantum Cryptography market analysis scenario, current future opportunities, revenue growth, pricing and profitability of the industry. A specific study of the competitive landscape of the Quantum Cryptography Market has allotted, providing insights into the corporate profiles, financial standing, recent developments and therefore the SWOT analysis. This analysis report will give a transparent conceive of readers' concern regarding the overall market situation to further choose on this market project.

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Company Profiles:
o ID Quantique SA
o MagiQ Technologies
o NuCrypt
o Anhui Qasky Quantum Technology
o Qubitekk
o QuintessenceLabs
o qutools GmbH
o Toshiba
o International Business Machines
o Infineon Technologies AG

Cybersecurity is one of the critical components of the Organization's IT modernization efforts, and the organizations are actively focusing on securing the Federal enterprise from cyber-associated threats globally. The investment of the Federal Government's inclusively for cybersecurity risk is continuously increasing to protect the Federal enterprise from cyber risk. For instance, in 2018, the Whitehouse announced the National Cyber Strategy through which the government

concentrates strongly on securing the personal data of the American Public. The National Cyber Strategy identifies that public, as well as private entities, are struggling for securing their systems as market rivals have increased the frequency of their malicious cyber activities, which forced the Federal Government to invest more and more to secure cyber environment for the country. The significant investments in cybersecurity are positively influencing the quantum cryptography market.

Research Report Highlights:
o Market Dynamics
o Market Scope
o Market Trends And Outlook
o Key Opportunities
o Competitive Landscape
o Value Chain Analysis
o Regional Framework
o Market Segments And Sub-Segments

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The constant enhancement in the data transmitted electronically has led to a growing requirement of reliable cryptography. Quantum cryptography solutions permit the individuals to maintain the same level of confidence and trust in the digital world as they have on the physical world. These Quantum encryption solutions further empower millions of people to interact electronically with each other through cell phones, e-mail, ATMs, and many more. The growing software firms globally, especially in developing countries of Asia-Pacific, are bolstering the rising number of cyber-attacks are demanding the need for data security and privacy. The factor mentioned above offers prosperous opportunities to the quantum cryptography market.

The companies operating in the quantum cryptography market are partnering with different other companies, research laboratories, and governments to develop and implement their solutions to safeguard data from leakage. Some of the recent development in quantum cryptography market include:
2019: Thales Group, a leading defense, and cybersecurity contractor, partnered with ID Quantique and ISARA with an objective to combat future quantum computing threats.
2019: Toshiba Research Europe Ltd (TREL), the National Physical Laboratory (NPL), BT Group Plc, and the University of Cambridge joined the OPENQKD pilot project for installing a test quantum communication infrastructure across Europe.
2019: Quantum Xchange, a leader in supplier of Quantum Key Distribution (QKD) in the US tested Toshiba Corporation's with a goal to expand its capacity of Phio network.

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