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Global Quantum Cryptography Market Report 2017 by Component, Application, Organization Size, Vertical - Forecast to 2022DUBLIN, March 21, 2018 /PRNewswire/ -- The "Quantum Cryptography Market by Component (Hardware and Services), Application (Network Security, Database Encryption, Application Security), Organization Size, Vertical and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.  The global quantum cryptography market size is forecast to grow from USD 285.7 Million in 2017 to USD 943.7 Million by 2022, at a CAGR of 27%. The quantum cryptography market is segmented on the basis of component (hardware and services), application, organization size, vertical, and region. The quantum cryptography market is witnessing a growing incident of cyber-attacks and increasing data security and privacy concerns. Furthermore, the rising adoption of cloud storage and computing technologies, and evolving next-generation wireless networks are driving the adoption of reliable quantum cryptography solutions and services. The quantum cryptography server segment expected to hold the largest market size during the forecast period as servers are mainly used for data encryption and help maintain data secrecy. Moreover, they provide high-quality encryption, key generation, and distribution. In addition, it also offers security to point-to-point backbone and storage networks for long-term data protection. It also enables real-time data processing and data throughput, and consistently low latency across all packet sizes for optimum performance. The application type segment is categorized into database security, application security, and network security. The vertical segment is categorized into BFSI, telecom and IT, government and defense, healthcare and life sciences, and consumer good and retail. The quantum computing and quantum information technologies have brought in a potential threat to the current mechanism for information protection. Present data protection techniques are comprised of cryptographic systems which depend on computational complexity to protect sensitive data. But this encryption method has proved to be inefficient and prone to being decoded. This gives rise to the need to look for a better and quantum competent level of cryptography versus conventional cryptography methods. Owing to the advancements in quantum computing and quantum information theory, the quantum computer poses a challenge to prevailing techniques of cryptography. Quantum computers can decode conventional cryptographic information in a short timeframe and poses a potential security threat to organizational data including bank account details, identity information, and other sensitive data. North America is expected to hold the largest market share and dominate the quantum cryptography market during the forecast period. North America has always witnessed a high number of identity thefts and fraud incidents, and as a result, it is driing organizations to more swiftly and proactively plan an enhanced adoption of new tools, services, and techniques for security provisions that accompany new technological implementation. Moreover, the increased budgets and grants have invited various big players to make significant investments in this region. Furthermore, the advent of SMEs and the start-up culture in North America is growing at a faster pace as compared to the other regions. Asia Pacific (APAC) has witnessed the advanced and dynamic adoption of new technologies and has always been a lucrative market. The region is expected to grow at the highest CAGR during the forecast period in the quantum cryptography market. Moreover, major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions. However, recent developments, new product launches, and acquisitions undertaken by the major market players are boosting the growth of the market. The study measures and evaluates the major offerings and key strategies of the major market vendors, including ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US). These companies have been at the forefront in offering reliable quantum cryptography solutions to commercial clients across diverse geographical locations. Market Dynamics
Opportunities
Challenges
Key Topics Covered 1 Introduction For more information about this report visit https://www.researchandmarkets.com/research/68w65w/global_quantum?w=5 Media Contact: Laura Wood, Senior Manager
SOURCE Research and Markets 
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