Quantum Cryptography Global Market Report 2024 by The Business Research Company | Google LLC, Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Hewlett Packard Enterprise company, Toshiba Corporation, Thales Group,

The quantum cryptography market size has grown exponentially in recent years. It will grow from $0.60 billion in 2023 to $0.83 billion in 2024 at a compound annual growth rate (CAGR) of 37.8%. The growth in the historic period can be attributed to government investments, quantum computing vulnerabilities, financial sector adoption, healthcare data security, and cloud computing security.

The quantum cryptography market size is expected to see exponential growth in the next few years. It will grow to $3.03 billion in 2028 at a compound annual growth rate (CAGR) of 38.1%. The growth in the forecast period can be attributed to the rising number of cyberattacks, growing digitalization, increase in the adoption of data-intensive approaches, growth of digital banking and online monetary transactions, and growing need for next-generation security solutions. Major trends in the forecast period include blockchain technology integration, advancements in quantum key distribution, technological advancements, increasing partnerships, and adoption of network technologies.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=15650&type=smp

Quantum Cryptography Market Major Segments
The quantum cryptography market covered in this report is segmented -

1) By Type: Quantum Key Distribution, Quantum Random Number Generation, Other Types
2) By Component: Solutions, Services
3) By Applications: Network Security, Application Security, Database Security
4) By End-Users: Information Technology and Telecommunications, Banking, Financial Services, and Insurance, Government and Defense, Healthcare, Other End-Users

Key Driver - Rising Construction Activity Fuels Growth Of The Mortar Mixing Equipment Market

The rising number of cyberattacks is expected to propel the growth of the quantum cryptography market going forward. A cyberattack is a deliberate and malicious attempt to disrupt, damage, or gain unauthorized access to computer systems, networks, or digital devices. The number of cyberattacks is rising due to increased connectivity through more internet-connected devices, evolving attack techniques by cybercriminals, the shift to remote work creating new vulnerabilities, economic incentives driving cybercrime, nation-state-sponsored attacks, and supply chain vulnerabilities. Quantum cryptography provides a promising avenue for enhancing cybersecurity by offering stronger security guarantees and resistance to emerging threats, particularly those posed by quantum computing. For instance, in November 2023, according to the Department of Defense, an Australia-based government department, the Australian Cyber Security Centre received over 94,000 reports of cybercrime in 2022, marking a 23% increase from the previous year. Therefore, the rising number of cyberattacks is driving the growth of the quantum cryptography market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=15650&type=smp

Prominent Trend - Innovation In Open-Source Post-Quantum Cryptography Library

Major companies operating in the quantum cryptography market focus on developing innovative technologies, such as an open-source post-quantum cryptography library, to help businesses protect their data from current and future security threats. Open-source post-quantum cryptography is a cryptographic system developed through open-source projects that aim to support the transition to quantum-resistant cryptography. For instance, In May 2024, Terra Quantum AG, a Switzerland-based quantum technology company, launched TQ42 Cryptography, an open-source post-quantum cryptography library designed for secure data transmission, storage, and authentication. This technology offers accessible integration of quantum-resistant security measures into applications, ensuring long-term protection against future quantum computing threats. It is scalable and adaptable and spans mobile, web, IoT, and cloud platforms. As an open-source project, it provides flexibility for exploring ready-made solutions or creating proprietary quantum cryptography.

Quantum Cryptography Market Players
Major companies operating in the quantum cryptography market are Google LLC, Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Hewlett Packard Enterprise company, Toshiba Corporation, Thales Group, Infineon Technologies AG, PQ Solutions Limited, Quantum Machines, QuantumCTek Co. Ltd., ID Quantique SA, QuintessenceLabs Pty Ltd., SandboxAQ, ISARA Corporation, MagiQ Technologies Inc., QCI Quantum Computing Inc., D-Wave Systems Inc., Agnostiq Inc., Qnu Labs Private Limited, Qubitekk Inc., Quside Technologies S.L., Quantum Xchange, Crypta Labs Ltd., Kets Quantum Security Ltd., LuxQuanta Technologies

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/quantum-cryptography-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the quantum cryptography market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quantum cryptography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Quantum Cryptography Market Report Structure
3. Quantum Cryptography Market Trends And Strategies
4. Quantum Cryptography Market - Macro Economic Scenario
5. Quantum Cryptography Market Size And Growth
…..
27. Quantum Cryptography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.