Status of Quantum Cryptography Market Size with CAGR Value, Industry Demand and Forecast to 2027 | Top Key Players - IBM, HP, NEC, Toshiba, Microsoft, Mitsubishi Electric

The report covers a forecast and an analysis of the Quantum Cryptography Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2027 based on revenue and volume.

Overview of the Global Quantum Cryptography Market:

The report spread across 150 pages is an overview of the Global Quantum Cryptography Market. This report study based on the Quantum Cryptography Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Quantum Cryptography Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.

The Global Quantum Cryptography Market is accounted for $137.16 Million in 2019 and is expected to reach $1,586.42 Million by 2027 growing at a CAGR of 35.8% during the forecast period.

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According to the market report analysis, Quantum cryptography is a science of exploiting the quantum and using current physics knowledge in order to implement a cryptography system that is able to prevent any types of attacks on data. It is used to securely send data over network, wherein if quantum cryptography is applied to a particular data that needs to be being transferred, then only sender and receiver of data are able to access that data with the help of special key. Quantum cryptography is different as compared to traditional cryptography method, as quantum cryptography is more dependent on physics, instead of mathematics.

The most important key factors driving the growth of the Global Quantum Cryptography Market are 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, high implementation cost and lack of expertise are identified as key factors hindering the market growth.

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Major Key Players:

1 NEC    

2 Toshiba    

3 Microsoft    

4 Quantum Xchange   

5 Aurea Technology   

6 Qutools    

7 Mitsubishi Electric   

8 IBM    

9 HP    

10 Qubitekk    

11 ISARA

12 Post-Quantum   

13 Qunu Labs   

14 Infineon    

15 Quantumctek and More………….   

Market Segment by Components:

1 Services

2 Hardware

3 Software

4 Quantum Cryptography Appliances

Market Segment by Security Types:

1 Application Security

2 Network Security

3 Database Encryption

4 Cloud Encryption

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Global Business News:

IBM (June 17, 2021) - IBM Digital Health Pass To Integrate With CLX Health's TrustAssure Platform - IBM and CLX Health today announced plans to integrate IBM Digital Health Pass with CLX Health's TrustAssure platform to help provide individuals with a seamless, secure way to locate and schedule a COVID-19 test with a provider and create a verifiable credential to use, if needed, when returning to physical locations, such as an airplane, sports stadium or workplace. CLX TrustAssure is a global network of more than 15,000 labs across more than 82 countries.

The IBM Digital Health Pass is designed to enable organizations to verify COVID-19 test results or vaccine administration for employees, customers and visitors entering their site, such as a sports stadium, airplane, university, government building or workplace. Relying on a combination of encryption, QR codes and blockchain technology, the IBM Digital Health Pass is a secured, voluntary digital alternative to paper test results or vaccination cards and provides another option, if needed, for individuals to share that they have tested negative or been vaccinated for COVID-19.

"We are pleased to work with CLX Health to help individuals verify their COVID-19 health credentials, if needed, in a way that preserves privacy of their personal health information," said Eric Piscini, Vice President, Emerging Business Networks, IBM Watson Health. "By working together, we can help enable a smoother, more efficient experience for travellers, fans and employees using the IBM Digital Health Pass."

"CLX Health is working closely with IBM and its Digital Health Pass to issue verifiable credentials for COVID-19 test results," said Joseph Gonzalez, Chief Strategy Officer for CLX Health. "This is an important step in establishing an end-to-end solution that could add operational efficiency to our daily activities and improve upon convenience and safety overall."

Table of Contents:

1 Executive Summary        

2 Prefaces         

3 Quantum Cryptography Market Trend Analysis       

4 Porters Five Force Analysis       

5 Global Quantum Cryptography Market, By Product Type    

6 Global Quantum Cryptography Market, By Application    

7 Global Quantum Cryptography Market, By End User     

8 Global Quantum Cryptography Market, By Geography      

9 Company Profiling

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This release was published on openPR.