Quantum Cryptography

World Market Report

MCP-1812

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DATE

OCT 2022

TABLES

66

PAGES

362

EDITION

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USD 5450

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MCP-1812


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HIGHLIGHTS & REPORT INDEX

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Global Quantum Cryptography Market to Reach $349.7 Million by 2027
In the changed post COVID-19 business landscape, the global market for Quantum Cryptography estimated at US$93.1 Million in the year 2020, is projected to reach a revised size of US$349.7 Million by 2027, growing at aCAGR of 20.8% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$194.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 24.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $34.6 Million, While China is Forecast to Grow at 19.3% CAGR
The Quantum Cryptography market in the U.S. is estimated at US$34.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.8 Million by the year 2027 trailing a CAGR of 19.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.5% and 21.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.1% CAGR.

SELECT PLAYERS

Fraunhofer Institute for Applied Optics and Precision Engineering; ID Quantique SA; MagiQ Technologies, Inc.; Nippon Telegraph and Telephone Corp.; Nucrypt LLC; Oki Electric Industry Company Ltd; QuintessenceLabs, Inc.; Raytheon BBN Technologies; SK TELECOM CO., LTD.; Toshiba Corp.

SEGMENTS

» Component (Solutions, Services) » End-Use (Government & Defense, BFSI, Retail, Healthcare, Other End-Uses)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Year 2021 and Beyond
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
COVID-19 Impact on Quantum Cryptography Market
Covid-19 Pandemic Driven Digital Transformation and Demand for Cloud Solutions to Boost Market Prospects
Competition
Players Vie to Claim a Piece of Flourishing Quantum Cryptography Market
Quantum Cryptography – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2022 (E)
Secure Communications – Defining the Need for Cryptography
Quantum Cryptography – Providing Secure Communications
Using Quantum Key Distribution
Quantum Cryptography: Insights & Salient Applications of Breakthrough Technology
Global Market Analysis and Prospects
Surging Cyber-Attacks Unlock Code for Phenomenal Growth of Quantum Cryptography Market
Network Security: Commanding Segment of Quantum Cryptography, Government and BFSI to Drive Market Growth
North America to Sweep Quantum Cryptography Market with Impressive Stake
Expensive Nature of Solutions - A Market Restrain
Market Challenges
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Massive Interest and Investment in Quantum Cryptography as Nations Race towards Quantum Supremacy
Rising Number of Cyber Crimes amid Digitalization Enhances Prospects for Quantum Crypotography
EXHIBIT 2: Global Cybersecurity Market Reset & Trajectory - Growth Outlook (In %) for Years 2019 through 2025
Notable Trends in Cybersecurity Market
EXHIBIT 8: Rising Threat of Malicious Emails: Proportion of Users Targeted with Malicious Emails by Industry Per Year for 2019
Market Benefits from the Rapidly Growing Magnitude and Increasing Cost of Cybercrime in Industries
EXHIBIT 9: Threat to Security and Privacy-Increase in Cyberattacks and Hacking amidst COVID-19 Pandemic
EXHIBIT 10: Average Annual Cost of Cybercrime (in US$ Million) by Industry for the Years 2017 and 2018
EXHIBIT 11: Average Cost of Data Breach Per Organization Worldwide (in US$ Million) for 2014-2019
Increased Security Needs Across Industry Verticals: A Major Market Opportunity
Rising Demand for Customized Business Support Solutions Expands Growth Opportunities
Quantum-Safe Certificates: Types
Ways to Migrate to Quantum-Safe Certificates
Threat of Cyber Crime Buoys Demand for Quantum Cryptography Solutions in Government Agencies
Growing Use of Cyber Security Solutions in Public Utilities
Demand for Cyber Security in Defense Sector on the Rise
Business Enterprises Drive Demand for QC-based Secure Communication Systems
TABLE 1: Global Market for IT Security Products by End-Use Application (2021): Percentage Breakdown of Sales Revenues for End-Point Security, Identity Authentication & Access Management, Internet Security, Messaging Security, Network Security, and Others
Financial Services – A Key End Use Market for Information Security Solutions
Quantum Cryptography Market in BFSI
Significant Growth in Adoption of Quantum Key Distribution for Effective Encryption
Increased Government Funding to Address Cybersecurity Breaches Supports Quantum Cryptography Market
Government Initiatives & Quantum Cryptography R&D
EXHIBIT 17: Budget Allocations for Cybersecurity by the US Government for the Years FY2017 to FY2020
New Guidance to Allay Risks & Achieve Resilience with Advances in Quantum Computing
DHS and NIST release post-quantum cryptography guidance
Internet Opens Up a Range of Online Security Issues for Industries, Bringing to Light the Importance of Cybersecurity
EXHIBIT 19: World Internet Penetration Rate (in %) by Geographic Region: February 2021
EXHIBIT 20: Number of Internet Users Worldwide (in Billions) for the Years 2011-2019
ISRO Makes Breakthrough Demonstration of free-space Quantum Key Distribution (QKD) over 300 m
Increased Funding For Cybersecurity VC Bodes Well for Market Expansion
Impact of VC on Cybersecurity Investments
Venture Capital Compensates for the Time Lost
Rising Demand for Next-Generation Security Solutions for Cloud and IoT Technologies
Cloud Access Security Brokers and Implications
Cloud Security Solutions Spearheading Digital Transformations
Developments in the Post-Quantum Cryptography
Impact of Quantum Technology on Asymmetric Cryptography
Post-Quantum Cryptography
Standardizing the Post-Quantum Cryptographic Algorithms
Quantum Computers and Symmetric Cryptography
Other Alternatives within the Quantum Cryptography
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Quantum Cryptography by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Retail by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
UNITED STATES
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
JAPAN
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
CHINA
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
EUROPE
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Quantum Cryptography by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
FRANCE
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
GERMANY
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
UNITED KINGDOM
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
ASIA-PACIFIC
Quantum Cryptography Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Quantum Cryptography by Component - Solutions and Services - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Quantum Cryptography by Component - Percentage Breakdown of Value Revenues for Solutions and Services for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Quantum Cryptography by End-Use - Government & Defense, BFSI, Retail, Healthcare and Other End-Uses - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Quantum Cryptography by End-Use - Percentage Breakdown of Value Revenues for Government & Defense, BFSI, Retail, Healthcare and Other End-Uses for the Years 2021 & 2027

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