Market Synopsis:
The data analysts at
Market Research Future Reports (MRFR) have revealed that the Global Quantum
Cryptography Industry Market is estimated to thrive at a CAGR of 14% during
the forecast period from 2017 to 2023. The growing concerns of privacy and the
rising security of data are speculated to be the most substantial factor
affecting the global quantum cryptography market 2020. In addition, increased
adoption of cloud storage and computing technologies is estimated to play a
crucial role in expanding the global market. Furthermore, the increasing demand
for advanced security solutions across various sectors is estimated to produce
potent opportunities for the global market.
COVID-19 Analysis:
The
business impact of SARS-CoV-2 has been felt across diverse sections of the
information technology industry, albeit at different levels. Companies in the
technology sector that supply services for verticals like travel, retail,
hospitality, and entertainment have noted a dramatic decrease in sales, while
the firms that provide services related to remote worker solutions have
observed the opposite. Quantum Cryptography Industry fate post pandemic has
been relatively less grim compared to Education Services (ES) and Professional
Services (PS) that are mostly dependent on components that are generally
on-site. Novel coronavirus has Quantum Cryptography Industry to open new
avenues for those firms that are on the lookout for solutions that are
reliable, efficiently managed, scalable, and are subscription-based, to remain
more focused on the core business. The Quantum Cryptography Industry is bearing
lesser impact of the COVID-19 outbreak compared to most other segments of the
tech world.
that
are on the lookout for solutions that are reliable, efficiently managed,
scalable, and are subscription-based, to remain more focused on the core
business. The Quantum Cryptography Industry is bearing lesser impact of the
COVID-19 outbreak compared to most other segments of the tech world.
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Competitive Outlook:
The worldwide competitors
of the quantum cryptography market are Infineon (Germany), P.Q. Solutions
(U.K), Qubitekk (U.S), Nucrypt Llc (U.S), QuintessenceLabs (Australia), Crypta
Labs (U.K), Magiq Technologies (U.S), qutools GmbH (Germany), NEC Corporation
(Japan), Toshiba (Japan), and a few more.
Segmentation:
The global quantum
cryptography market can be segmented on the basis of component, application,
service, vertical, and geography.
Based
on the component, the worldwide quantum cryptography market can be segmented
into hardware and software.
Based
on application, the worldwide quantum cryptography market can be segmented into
application security, database encryption, and network security.
Based
on service, the worldwide quantum cryptography market can be segmented into
deployment and integration services, support and maintenance services, and
consulting services.
Based
on vertical, the worldwide quantum cryptography market can be segmented into
consumer goods and retail, banking and financial services, government and
defence, healthcare and life sciences, and I.T and telecom.
Based
on geography, the worldwide quantum cryptography market can be segmented into
North America, Asia Pacific, Europe, and Rest of the World (RoW).
Regional
Analysis:
In-depth analysis of
North America, Asia Pacific, Europe, and Rest of the World (RoW) has been
conducted. The analysts have revealed that the market is estimated to grow
significantly during the forecast period. As per the analysis, North America is
estimated to lead the global quantum cryptography market. The region is
predicted to acquire the maximum market share during the assessment period. The
region has been witnessing high adoption of cloud-based applications and the
rising concern for safety and security, which is likely to fuel the market. On
the other hand, the Asia-Pacific region is likely to expand at the fastest rate
during the assessment period. The region consists of emerging nations like
India, China, and Japan, which are likely to make substantial participation in
market growth.
However,
market dynamics are likely to change significantly during the review period.
Several regions have been affected substantially due to the spread of COVID-19.
We will provide the aftermath COVID-19 report on the impact analysis of the
market.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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