Quantum Cryptography Market Research Analysis Including Growth Factors, Types And Application By Regions From 2024 – Kentucky Journal 24
Posted: September 1, 2020 at 10:55 am
Overview:
Quantum cryptographyis a new method for secret communications that provides the assurance of security of digital data. Quantum cryptography is primarily based on the usage of individual particles/waves of light (photon) and their essential quantum properties for the development of an unbreakable cryptosystem, primarily because it is impossible to measure the quantum state of any system without disturbing that system.
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It is hypothetically possible that other particles could be used, but photons offer all the necessary qualities needed, the their behavior is comparatively understandable, and they are the information carriers in optical fiber cables, the most promising medium for very high-bandwidth communications.
Quantum computing majorly focuses on the growing computer technology that is built on the platform of quantum theory which provides the description about the nature and behavior of energy and matter at quantum level. The fame of quantum mechanics in cryptography is growing because they are being used extensively in the encryption of information. Quantum cryptography allows the transmission of the most critical data at the most secured level, which in turn, propels the growth of the quantum computing market. Quantum computing has got a huge array of applications.
Market Analysis:
According to Infoholic Research, the Global Quantum cryptography Market is expected to reach $1.53 billion by 2023, growing at a CAGR of around 26.13% during the forecast period. The market is experiencing growth due to the increase in the data security and privacy concerns. In addition, with the growth in the adoption of cloud storage and computing technologies is driving the market forward. However, low customer awareness about quantum cryptography is hindering the market growth. The rising demands for security solutions across different verticals is expected to create lucrative opportunities for the market.
Market Segmentation Analysis:
The report provides a wide-ranging evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendors portfolio, blogs, whitepapers, and vendor presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, type, applications, and end-users.
Countries and Vertical Analysis:
The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views; and competitive landscape. The prominent vendors covered in the report include ID Quantique, MagiQ Technologies, Nucrypt, Infineon Technologies, Qutools, QuintenssenceLabs, Crypta Labs, PQ Solutions, and Qubitekk and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
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Competitive Analysis
The report covers and analyzes the global intelligent apps market. Various strategies, such as joint ventures, partnerships,collaborations, and contracts, have been considered. In addition, as customers are in search of better solutions, there is expected to be a rising number of strategic partnerships for better product development. There is likely to be an increase in the number of mergers, acquisitions, and strategic partnerships during the forecast period.
Companies such as Nucrypt, Crypta Labs, Qutools, and Magiq Technologies are the key players in the global Quantum Cryptography market. Nucrypt has developed technologies for emerging applications in metrology and communication. The company has also produced and manufactured electronic and optical pulsers. In addition, Crypta Labs deals in application security for devices. The company deals in Quantum Random Number Generator products and solutions and Internet of Things (IoT). The major sectors the company is looking at are transport, military and medical.
The report includes the complete insight of the industry, and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and to take informed decisions.
Regional Analysis
The Americas held the largest chunk of market share in 2017 and is expected to dominate the quantum cryptography market during the forecast period. The region has always been a hub for high investments in research and development (R&D) activities, thus contributing to the development of new technologies. The growing concerns for the security of IT infrastructure and complex data in America have directed the enterprises in this region to adopt quantum cryptography and reliable authentication solutions.
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Benefits
The report provides an in-depth analysis of the global intelligent apps market aiming to reduce the time to market the products and services, reduce operational cost, improve accuracy, and operational performance. With the help of quantum cryptography, various organizations can secure their crucial information, and increase productivity and efficiency. In addition, the solutions are proven to be reliable and improve scalability. The report discusses the types, applications, and regions related to this market. Further, the report provides details about the major challenges impacting the market growth.
Read more here:
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- Honeywell Wants To Show What Quantum Computing Can Do For The World - Forbes - August 14th, 2020
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- Toshiba Exits PC Business 35 Years of IBM Compatible PCs - Electropages - August 14th, 2020
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- VTT to acquire Finland's first quantum computer seeking to bolster Finland's and Europe's competitiveness - Quantaneo, the Quantum Computing Source - May 12th, 2020
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- David Graves to Head New Research at PPPL for Plasma Applications in Industry and Quantum Information Science - HPCwire - May 12th, 2020
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- Kerry Emanuel, David Sabatini, and Peter Shor receive BBVA Frontiers of Knowledge awards - MIT News - May 12th, 2020
- Between God and Science in the Surreal Silicon Valley of Devs - The Nation - May 12th, 2020
- Online course trains students in the bizarre world of quantum computing - Livescience.com - May 2nd, 2020
- Devs: Here's the real science behind the quantum computing TV show - New Scientist News - May 2nd, 2020
- New Princeton study takes superconductivity to the edge - Princeton University - May 2nd, 2020
- Quantum computer chips demonstrated at the highest temperatures ever - New Scientist News - April 16th, 2020
- Calling On AI And Quantum Computing To Fight The Coronavirus - Forbes - April 16th, 2020
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- D-Wave makes its quantum computers free to anyone working on the coronavirus crisis - VentureBeat - April 2nd, 2020
- We're Getting Closer to the Quantum Internet, But What Is It? - HowStuffWorks - April 2nd, 2020
- Q-CTRL to Host Live Demos of 'Quantum Control' Tools - Quantaneo, the Quantum Computing Source - April 2nd, 2020
- Disrupt The Datacenter With Orchestration - The Next Platform - April 2nd, 2020
- Quantum Computing: Will It Actually Produce Jobs? - Dice Insights - March 19th, 2020
- Quantum computing is right around the corner, but cooling is a problem. What are the options? - Diginomica - March 19th, 2020
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- Career navigation Be at the core or be at the edge - The Financial Express BD - March 19th, 2020
- TensorFlow gets its quantum of solace, lid lifted on 'all-seeing crime-detecting' AI upstart, and more - The Register - March 17th, 2020
- What Is Quantum Computing, And How Can It Unlock Value For Businesses? - Computer Business Review - January 27th, 2020
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- Delta Partners with IBM to Explore Quantum Computing - Database Trends and Applications - January 27th, 2020
- Quantum networking projected to be $5.5 billion market in 2025 - TechRepublic - January 27th, 2020
- University of Sheffield launches Quantum centre to develop the technologies of tomorrow - Quantaneo, the Quantum Computing Source - January 27th, 2020
- 5G, AI and Quantum Computing: Who Knows Where It Will All Lead? - Planet Vending - January 27th, 2020
- CES 2020: IBM and Daimler teaming up for a quantum leap in battery tech - CNET - January 12th, 2020
- Google and IBM square off in Schrodingers catfight over quantum supremacy - The Register - January 12th, 2020