Quantum Cryptography :: Evolving Next-Generation Wireless Network Technologies

Quantum cryptography is the science of exploiting quantum mechanical properties to perform cryptographic tasks. The best known example of quantum cryptography is quantum key distribution which offers an information-theoretically secure solution to the key exchange problem. Currently used popular public-key encryption and signature schemes (e.g., RSA and ElGamal) can be broken by quantum adversaries. The advantage of quantum cryptography lies in the fact that it allows the completion of various cryptographic tasks that are proven or conjectured to be impossible using only classical (i.e. non-quantum) communication

Objectives of the Study:

The main objective of the report is to define, describe, and forecast the quantum cryptography market size on the basis of component (hardware and services), application, organization size, vertical, and region. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The quantum cryptography market includes various vendors providing quantum cryptography solution to commercial clients across the globe. Companies such ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US) have adopted partnerships, agreements, and collaborations as the key growth strategies to enhance their market reach.

The quantum cryptography market size is expected to grow from USD 285.7 Million in 2017 to USD 943.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.0%.

The research methodology used to estimate and forecast the market size begins with collection and analysis of data on the key vendor revenues through secondary sources, including annual reports and press releases, investor presentations, technology journals, certified publications, articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players and their market shares. The quantum cryptography market spending across all regions along with the geographical split in various verticals was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. 

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