Quantum Cryptography Market Technology Growth Scenario with 39.2% of CAGR by 2027 - ID Quantique SA, MagiQ Technologies, NuCrypt, Qubitekk, QuintessenceLabs, qutools

Quantum Cryptography Industry Covering Key Business Segments And Wide Scope Geographies To Analysed Market Data. Report Includes Different Market Forecasts Related To Market Size, Revenue, CAGR, Gross Margin, Share, And Other Key Factors Of Quantum Cryptography Market.

Quantum cryptography market on a global scenario was valued 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.

New developing markets and economic growth and increasing demand from small and medium enterprises are anticipated to boost the technology industry. The Asia Pacific developed as the fastest-growing region during the last few years in the technology industry, led by economic growth and expanded IT spending. Various industries such as BFSI, IT & telecom, government and defense, healthcare, and others are adopting software technology to enhance their business productivity and to ease their business process. Quantum cryptography technology has become significant for various industries to work in a secure environment.

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Key Players Influencing the Market:
• ID Quantique
• Infineon Technologies
• Magiq Technologies
• IBM
• NuCrypt
• Anhui Qasky Quantum Technology Co. Ltd.
• Qubitekk
• Quintessence Labs
• Qutools GmbH
• Toshiba Corporation

Currently, technology’s advanced solutions are helping technology companies across the globe to accelerate their digital transformation adoption. From the last few years, the technology industry observed high growth and a dramatic increase worldwide. Factors such as IT spending, economic growth, and technological innovations influence the technology industry significantly. The global economy is expected to stabilize and grow at a steady speed during the forecast period, mostly driven by developing economies such as China, India, and Brazil.

The spending on quantum cryptography is quite high in both developed and developing regions such as North America, Europe, and the Asia Pacific. The demand for quantum cryptography is expected to grow further during the forecast period of 2019 to 2027. Rising digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the quantum cryptography market. Quantum cryptography technology is turning more into the global business, and various large players can offer quantum cryptography solutions and services worldwide. Presently on a global scale, industry verticals such as BFSI, IT & telecom, government and defense, and healthcare are the major contributors in Quantum Cryptography spending.

The quantum cryptography market players are also investing substantial amounts and man-hours in research & development activities to develop robust solutions and services. The companies operating in the quantum cryptography are partnering with different other companies, research laboratories, and governments to develop and implement their solutions to safeguard data from leakage.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Quantum Cryptography market based on the type and application. It also provides market size and forecast till 2027 for overall Quantum Cryptography market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report segments the global quantum cryptography market as follows:

Global Quantum Cryptography Market – By Offering
• Solutions
• Services

Global Quantum Cryptography Market – By Application
• Network Security
• Application Security
• Database Security

Global Quantum Cryptography Market – By End-User
• IT & Telecommunication
• BFSI
• Government & Defence
• Healthcare
• Others

Global Quantum cryptography Market – By Geography
• North America
o US
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Russia
o U.K.
o Rest of Europe
• Asia Pacific (APAC)
o China
o India
o Australia
o Japan
o South Korea
o Rest of APAC
• Rest of World (RoW)
o South America (SAM)
o Middle East & Africa (MEA)

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