Product Code: GVR-4-68040-264-8
Quantum Cryptography Market Growth & Trends:
The global quantum cryptography market size is anticipated to reach USD 4,623.2 million by 2030 and is projected to grow at a CAGR of 38.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The COVID-19 pandemic significantly influenced market growth by amplifying cybersecurity concerns amidst the rapid shift to remote work and digital communication channels. This shift exposed organizations to heightened cybersecurity risks as remote access points and virtual collaboration tools became prime targets for malicious actors. The need for secure data transmission became more critical as sensitive information traversed networks outside the traditional confines of office environments. As organizations sought to fortify their defenses and safeguard their digital assets in this evolving threat landscape, the adoption of quantum cryptography emerged as a strategic imperative in ensuring the integrity and confidentiality of sensitive data exchanged over remote channels.
Quantum cryptography is finding applications in securing critical infrastructure such as power grids, transportation systems, and telecommunications networks. The need to safeguard these vital systems from cyber threats and ensure uninterrupted operation is driving the adoption of quantum cryptographic solutions among infrastructure operators and government agencies.
Retail and e-commerce companies are subject to various regulatory frameworks governing data security and privacy, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). Compliance with these regulations requires implementing robust encryption measures to protect sensitive customer information. Quantum cryptography offers a level of security that meets regulatory standards, enabling businesses to demonstrate compliance and avoid costly penalties for data breaches.
Quantum Cryptography Market Report Highlights:
- Based on type, the software segment led the market with the largest revenue share of 43.8% in 2023. This can be attributed to the proliferation of smart devices. The services segment is expected to witness at the fastest CAGR during the forecast period, led by emergence of software-as-a-service (SaaS) businesses
- Based on end-use, the healthcare segment is expected to witness at the fastest CAGR over the forecast period. This can be attributed to the rising focus on protection of patient confidentiality
- In December 2023, QNu Labs, a Bengaluru-based quantum technology developer, received a fund of USD 6.5 million. The capital infusion drives the company's growth initiatives, focusing on enhancing its quantum technology solutions. The funds were allocated towards advancing research and development, expanding the customer base in Europe and the U.S., and establishing partnerships for satellite-based Quantum Key Distribution technology
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. End-use
- 1.2.3. Application
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information procurement
- 1.4.2. Information or data analysis
- 1.4.3. Market Formulation & data visualization
- 1.4.4. Data Validation & publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List of data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Type outlook
- 2.2.2. End-use outlook
- 2.2.3. Application outlook
- 2.3. Competitive Insights
Chapter 3. Quantum Cryptography Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Quantum Cryptography Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic landscape
- 3.4.2.3. Social landscape
- 3.4.2.4. Technological landscape
- 3.4.2.5. Environmental landscape
- 3.4.2.6. Legal landscape
Chapter 4. Quantum Cryptography Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Quantum Cryptography Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.2.1. Hardware
- 4.2.1.1. Hardware market estimates and forecasts 2018 to 2030 (USD Million)
- 4.2.2. Software
- 4.2.2.1. Software market estimates and forecasts 2018 to 2030 (USD Million)
- 4.2.3. Services
- 4.2.3.1. Services market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Quantum Cryptography Market: End-use Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Quantum Cryptography Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
- 5.2.1. Cloud
- 5.2.1.1. Cloud market estimates and forecasts 2018 to 2030 (USD Million)
- 5.2.2. On-premise
- 5.2.2.1. On-premise market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Quantum Cryptography Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Quantum Cryptography Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.2.1. BFSI
- 6.2.1.1. BFSI market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.2. IT & telecommunication
- 6.2.2.1. IT & telecommunication market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.3. Government & defense
- 6.2.3.1. Government & defense market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.4. Healthcare
- 6.2.4.1. Healthcare market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.5. Retail & e-commerce
- 6.2.5.1. Retail & e-commerce market estimates and forecasts 2018 to 2030 (USD Million)
- 6.2.6. Others (Smart Infrastructure, Energy & Utilities, etc.)
- 6.2.6.1. Others (Smart Infrastructure, Energy & Utilities, etc.) market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Quantum Cryptography Market: Access Type Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Global Quantum Cryptography Market by Access Type Outlook
- 7.3. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.3.1. Cloud security
- 7.3.1.1. Cloud security market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.2. Database security
- 7.3.2.1. Database security market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.3. Network security
- 7.3.3.1. Network security market estimates and forecasts 2018 to 2030 (USD Million)
- 7.3.4. Application security
- 7.3.4.1. Application security market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Quantum Cryptography Market: Regional Estimates & Trend Analysis
- 8.1. Quantum Cryptography Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America quantum cryptography market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe quantum cryptography market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. UK
- 8.3.2.1. UK quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific quantum cryptography market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. Japan
- 8.4.2.1. Japan quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. China quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America quantum cryptography market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.4. Argentina
- 8.5.4.1. Argentina quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA quantum cryptography market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. South Africa
- 8.6.2.1. South Africa quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.4. UAE
- 8.6.4.1. UAE quantum cryptography market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Market Positioning
- 9.4. Company Heat Map Analysis
- 9.5. Strategy Mapping
- 9.5.1. Expansion
- 9.5.2. Mergers & acquisition
- 9.5.3. Partnerships & collaborations
- 9.5.4. New product launches
- 9.5.5. Research and development
- 9.6. Company Profiles
- 9.6.1. Datadog, Inc.
- 9.6.1.1. Company overview
- 9.6.1.2. Financial performance
- 9.6.1.3. Product benchmarking
- 9.6.1.4. Strategic initiatives
- 9.6.2. Crypta Labs
- 9.6.2.1. Company overview
- 9.6.2.2. Financial performance
- 9.6.2.3. Product benchmarking
- 9.6.2.4. Strategic initiatives
- 9.6.3. IBM
- 9.6.3.1. Company overview
- 9.6.3.2. Financial performance
- 9.6.3.3. Product benchmarking
- 9.6.3.4. Strategic initiatives
- 9.6.4. ID Quantique
- 9.6.4.1. Company overview
- 9.6.4.2. Financial performance
- 9.6.4.3. Product benchmarking
- 9.6.4.4. Strategic initiatives
- 9.6.5. Infineon Technologies AG
- 9.6.5.1. Company overview
- 9.6.5.2. Financial performance
- 9.6.5.3. Product benchmarking
- 9.6.5.4. Strategic initiatives
- 9.6.6. MagiQ Technologies, Inc.
- 9.6.6.1. Company overview
- 9.6.6.2. Financial performance
- 9.6.6.3. Product benchmarking
- 9.6.6.4. Strategic initiatives
- 9.6.7. NEC Corporation
- 9.6.7.1. Company overview
- 9.6.7.2. Financial performance
- 9.6.7.3. Product benchmarking
- 9.6.7.4. Strategic initiatives
- 9.6.8. QNu Labs
- 9.6.8.1. Company overview
- 9.6.8.2. Financial performance
- 9.6.8.3. Product benchmarking
- 9.6.8.4. Strategic initiatives
- 9.6.9. QuantumCTek Co., Ltd.
- 9.6.9.1. Company overview
- 9.6.9.2. Financial performance
- 9.6.9.3. Product benchmarking
- 9.6.9.4. Strategic initiatives
- 9.6.10. QuintessenceLabs Pty. Ltd.
- 9.6.10.1. Company overview
- 9.6.10.2. Financial performance
- 9.6.10.3. Product benchmarking
- 9.6.10.4. Strategic initiatives
- 9.6.11. Toshiba Corporation
- 9.6.11.1. Company overview
- 9.6.11.2. Financial performance
- 9.6.11.3. Product benchmarking
- 9.6.11.4. Strategic initiatives
- 9.6.12. Agnostiq, Inc.
- 9.6.12.1. Company overview
- 9.6.12.2. Financial performance
- 9.6.12.3. Product benchmarking
- 9.6.12.4. Strategic initiatives
- 9.6.13. Qrypt
- 9.6.13.1. Company overview
- 9.6.13.2. Financial performance
- 9.6.13.3. Product benchmarking
- 9.6.13.4. Strategic initiatives