Technology News

Quantum Cryptography Market 2018 – 2026 Analysis Scrutinized In New Research

Quantum cryptography is a technique to ensure confidentiality of communicating information. It is a blend of quantum mechanics, which allows to perform various cryptography tasks those are not possible by non-quantum communication.

Download PDF To explore detail study @https://www.coherentmarketinsights.com/insight/request-pdf/1192

The key factor responsible for the growth of quantum cryptography market is increasing incidents of cyber-attacks globally. For instance, In July 2017, cybercrime increased up to 84.1% from 68.8%, which was recorded in June 2016. Banking and finance is the major sector prone to cyber-attack. Quantum Cryptography is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats.

For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, around 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015, the number of frauds were 13,083 and 9,500 in the year 2013 –14. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of quantum cryptography solutions.

Browse More About the Market Study @https://www.coherentmarketinsights.com/ongoing-insight/quantum-cryptography-market-1192

However, low customer awareness about quantum cryptography is one of the key restraining factors in the global quantum cryptography market.

Quantum Cryptography Market Taxonomy:

On the basis of application, the global quantum cryptography market is segmented into:

  • Database Encryption

  • Application Security

  • Network Security

On the basis of end user industry, the global quantum cryptography market is segmented into:

  • Banking, Finance Services and Insurance

  • Telecom and IT

  • Government and Defense

  • Healthcare and Life sciences

  • Consumer Good and Retail

Quantum Cryptography Market: Regional Insights

The global quantum cryptography market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for quantum cryptography in North America is expected to dominate the global market during forecast period. This growth is attributed to increasing cyber-attacks in this region on web based business such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes resulted in a loss of over US$ 1.33 billion globally. California witnessed the highest recorded loss with over US$ 255 million. In 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. This in turn creates a highly conducive environment for growth of the market.

Quantum Cryptography Market: Competitive Background

Major players operating in the global quantum cryptography market include Magiq Technologies, Inc., Quintessencelabs, Nucrypt LLC, Qutools GmbH, Qasky, Crypta Labs Ltd, Qubitekk, Inc., PQ Solutions, Infineon Technologies AG, and Id Quantique.

TechnoBleak Media Inc. (TechnoBleak.com) is an Independent Online News Portal intended to deliver news related to Apps, Technology, Startups, and Gadgets. It is run by writers and co-workers living in different parts of the world. We aim to create high-quality content for our readers who like to read business and technology news & updates. At TechnoBleak, we offer the latest news, breakthroughs, and analysis with emphasis on expert opinion and commentary from the Technology and Startups community.

Office Address:

TechBleak Media Inc.
501 Boylston Street,
Boston, MA 02116.

EMail: [email protected]