Quantum Cryptography Market - Growth, Trends, Forecasts (2020 - 2027) Get Details like Top Industry Players- ID Quantique SA,MagiQ Technologies, Inc.,NuCrypt LLC,Anhui Qasky Quantum Technology Co. Ltd.

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.

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.

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Top Key Players:-

1. ID Quantique
2. Infineon Technologies
3. Magiq Technologies
4. IBM
5. NuCrypt
6. Anhui Qasky Quantum Technology Co. Ltd.
7. Qubitekk
8. Quintessence Labs
9. Qutools GmbH
10. Toshiba Corporation

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 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.

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

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. New developing markets and enterprises are anticipated to spend in the technology market to build IT infrastructure that would help lessen costs and optimize business productivity.

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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.

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