Quantum Cryptography Market

Quantum Cryptography Market 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.

Quantum Cryptography Market contains market size and forecasts of Quantum Cryptography in Global, including the following market information:

Global Quantum Cryptography Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Quantum Cryptography market was valued at 3802.1 million in 2021 and is projected to reach US$ 15640 million by 2028, at a CAGR of 22.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Table Pros Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Quantum Cryptography include ID Quantique, SeQureNet, Quintessence Labs, MagiQ Technologies, Toshiba, QuantumCTek and Qasky, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Quantum Cryptography companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Quantum Cryptography Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Quantum Cryptography Market Segment Percentages, by Type, 2021 (%)

Table Pros

Table Cons

Global Quantum Cryptography Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Quantum Cryptography Market Segment Percentages, by Application, 2021 (%)

Financial

Government

Military & Defense

Others

Global Quantum Cryptography Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Quantum Cryptography Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Quantum Cryptography revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Quantum Cryptography revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

ID Quantique

SeQureNet

Quintessence Labs

MagiQ Technologies

Toshiba

QuantumCTek

Qasky