Quantum Cryptography Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

The global market for Quantum Cryptography was estimated to be worth US$ 3695.1 million in 2023 and is forecast to a readjusted size of US$ 16360 million by 2030 with a CAGR of 23.4% during the forecast period 2024-2030

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This report studies the Quantum Cryptography market, Quantum cryptography uses physics instead of mathematics to encode messages, which provides greater security.

The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as "BB84". Five years later, they built the first QKD prototype system which was said to be "secure against any eavesdropper who happened to be deaf" as it made audible noises while encoding crypto key onto single photons.

From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.

The major players in global quantum cryptography include ID Quantique, Sequrenet, Quintessence Labs, Magiq Technologies, Toshiba, QuantumCTek and Qasky, etc.

By Type
• Table Pros
• Table Cons

By Application
• Financial
• Government
• Military & Defense
• Others

Key Companies
ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek, Qasky

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