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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