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Quantum Cryptography Market by Component, Services, Security Type, Applications, Verticals, Major Vendors | ID Quantique (Switzerland), QuintessenceLabs (Australia), NuCrypt (US)


(MENAFN - Comserve) Shibuya-ku, Tokyo, Japan, Japan, Feb 12, 2021, 10:25 /Comserve / Major vendors in the global quantum cryptography market include include ID Quantique (Switzerland), QuintessenceLabs (Australia), NuCrypt (US), Qasky (China), Crypta Labs (UK), Qubitekk (US), Post-Quantum (UK), MagiQ Technologies (US), ISARA
The global quantum cryptography market is expected to grow from USD 101 million in 2018 to USD 506 million by 2023, at a Compound Annual Growth Rate (CAGR) of 37.9% during the forecast period. Major growth factors for the market include the growing incidents of cyber-attacks in the era of digitalization, increasing cybersecurity funding, rising demand of next-generation security solutions for cloud and IoT technologies, and evolving next-generation wireless network technologies. However, lack of expertise and high implementation cost could restrain the market growth. ....

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