Quantum Cryptography Market Size 2019: Industry Potential, Growth Trends, Revenue Statistics, Company Share, Regional Analysis, & Global Forecast 2025
North America dominates the global quantum cryptography market due to rising demand for IT and cloud services, advancements in communication networks, and a rise in the number of cyber threats.
Selbyville, Delaware , USA – June 11, 2019 /MarketersMedia/ —
The quantum cryptography market size is characterized to be fragmented due to the presence of a considerable number of players. Some of the major players functioning in the market are ID Quantique, MagiQ Technologies, Infineon Technologies, QuintenssenceLabs, Crypta Labs, ISARA, Toshiba, Microsoft, IBM, HP, PQ Solutions, and Qubitekk. These players are involved in research and development initiatives for expanding their offerings and developing innovative quantum cryptography solutions deployable across all industry verticals.
Quantum cryptography market size is growing at a fast rate from 2019 to 2025 owing to rise in the number of cyber-attacks, growing adoption of advanced technologies such as IoT and cloud computing and increasing government rules and regulations for maintaining customer data security. Quantum cryptography encrypts information at the network level in a way that can never be read by anyone other than the intended recipient. These systems offer characteristics necessary for solving cyberspace security critical issues for the future internet.
Request for detailed Table of Contents (ToC) of this research report @ https://www.gminsights.com/request-toc/upcoming/3113
Other benefits offered by quantum cryptography solutions include ease-of-usage, reduced resource requirement, continuous improvement, and secured communication. Various researches are going on in this field, aiming toward developing enhanced solutions and meeting the growing security requirements of customers.
North America dominates the global quantum cryptography market size due to the rising demand for IT and cloud services, advancements in communication networks, and a rise in the number of cyber threats. To meet the rising demand for wireless network carriers, the U.S. officials have invested approximately USD 350 billion over the last two decades in their wireless capital expenditure to build the mobile networks. Furthermore, an increasing requirement for encryption-based applications and an enhanced adoption of connected devices including IoT and BYOD are driving the industries in North America to implement quantum cryptography solutions.
Request for Customization of this research report @ https://www.gminsights.com/roc/3113
The network security application is anticipated to grow at the fastest rate in the quantum cryptography market. The recent advances in technology have a widespread effect on the network infrastructure worldwide. This development has given a boom to the e-commerce sector, as there are a growing number of customers adopting digital shopping solutions and generating a vast amount of network traffic. Moreover, the growing trend of remote access security and wireless communication has resulted in growth in the adoption of quantum cryptography, aiming toward protecting the integrity of networks.
Quantum cryptography market solutions are accepted across various industry verticals including government organizations, retail, IT & telecom, BFSI, and healthcare. The market is witnessing a high adoption rate from the IT & telecom sector due to its rising penetration of smartphones and internet and an increase in the requirement for safe and secure communication. The government organizations contribute to a major market share due to various e-government initiatives, online utility bill payment systems, and a rise in the number of corporate accounts.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/industry-analysis/quantum-cryptography-market
Source: MarketersMedia
Release ID: 522480
Copyright © 1999-2013 SproutNews.com
