The global quantum cryptography market is estimated to witness potential growth during the forecast period. The major factors contributing to the market growth include rising investment in cybersecurity and increasing adoption of advanced security solutions. The governments across the countries are suffering from the increasing number of cyberattacks in several sectors including military, government, and BFSI. The increasing internet penetration, technological advancement and the rising adoption of IoT devices in varied domain creates significant demand for cybersecurity. The rise in internet penetration also creates concerns about cyber-attacks. According to the Australian Cyber Security Centre (ACSC) survey, in 2016, around 90% of the organizations faced some form of attempted or successful cybersecurity compromise in 2016.
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An estimated 60% of the organizations have experienced tangible impacts on their businesses due to these attacks. However, the survey had shown that 71% of the organizations reported a cybersecurity incident response plan which was more than 60% in 2015. It shows the awareness among the organizations towards cybersecurity that drives the cybersecurity market in Australia. In 2016, the Australian Government launched the Cyber Security Strategy which comprises investments of over $230 million across five action themes up to 2020. This includes a cyber smart nation, global responsibility and influence, stronger cyber defenses, growth and innovation, global responsibility and influence, and national cyber partnership.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Quantum Cryptography Market- Segmentation
By Component
- Solutions
- Services
- By Application
- Application Security
- Network Security
- Others
By Vertical
- BFSI
- Telecom & IT
- Government and Defense
- Retail
- Healthcare
- Others
Global Quantum Cryptography Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global quantum cryptography market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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