Market Analysis and Insights: Global Quantum Cryptography Market

This report studies the Quantum Cryptography market, Quantum cryptography uses physics instead of mathematics to encode messages, which provides greater security.

The genesis of QKD (Quantum Key Distribution) traces back to the late 1960s, when Stephen Wiesner first proposed the idea of encoding information on photons to securely transfer messages. In 1984, the physicist Charles Bennett and cryptographer Gilles Brassard worked together to mature this idea by introducing the first QKD protocol, known as “BB84”. Five years later, they built the first QKD prototype system which was said to be “secure against any eavesdropper who happened to be deaf” as it made audible noises while encoding crypto key onto single photons.

From its relatively humble beginnings, QKD has gained global interest as a unique cybersecurity solution with active research groups across North America, Europe, Australia, and Asia.

Due to the COVID-19 pandemic, the global Quantum Cryptography market size is estimated to be worth US$ 3695.1 million in 2022 and is forecast to a readjusted size of US$ 16360 million by 2029 with a CAGR of 23.4% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Table Pros accounting for % of the Quantum Cryptography global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Financial segment is altered to an % CAGR throughout this forecast period.

The major players in global quantum cryptography include ID Quantique, Sequrenet, Quintessence Labs, Magiq Technologies, Toshiba, QuantumCTek and Qasky, etc.

Global Quantum Cryptography Scope and Market Size

The global Quantum Cryptography market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Quantum Cryptography market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Table Pros

Table Cons


Segment by Application


Financial

Government

Military & Defense

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


ID Quantique

SeQureNet

Quintessence Labs

MagiQ Technologies

Toshiba

QuantumCTek

Qasky