Quantum Cryptography Market Worth 943.7 Million USD by 2022

PUNE, India, November 9, 2017 /PRNewswire/ --

According to a new market research  report "Quantum Cryptography Market by Component (Hardware and Services), Application (Network Security, Database Encryption, Application Security), Organization Size, Vertical and Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market size is expected to grow from USD 285.7 Million in 2017 to USD 943.7 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 27.0%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 63 Market Data Tables and 35 Figures spread through 115 Pages and in-depth TOC on "Quantum Cryptography Market"

http://www.marketsandmarkets.com/Market-Reports/quantum-cryptography-market-45857130.html
Early buyers will receive 10% customization on this report

The major forces driving the growth of the Quantum Cryptography Market include growing incidents of cyber-attacks and increasing data security and privacy concerns. Moreover, the rising adoption rate of cloud storage and computing technologies and evolving next-generation wireless network technologies are also some of the factors that are driving the market growth.

The deployment and integration services segment is expected to be the fastest growing service in the quantum cryptographymarket during the forecast period. 

The deployment and integration services is gaining traction, as integration services help to integrate the vendor's security offerings with the client's business functions and existing security mechanism. Integration services collect the customer requirements, and then install, integrate, test, and rollout the quantum cryptography solutions and hence quantum cryptography is gaining traction in the enterprises for modernizing and deploying their solutions to meet the rising demand for secure data transmission.

Request Report Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=45857130

The IT and telecom is expected to hold the largest market share in the Quantum Cryptography Market during the forecast period. 

The IT and telecom vertical is constantly developing and is at the epicenter of innovation and growth. The telecom business function generates voluminous data on a daily basis, which mandates the critical need for reliable quantum cryptography solutions. The telecom operators are adopting quantum cryptography solutions and providing secured information to the customers while complying with regulations, such as Advanced Encryption Standard (AES). Furthermore, the rise in the integration of Information and Communication Technology (ICT) into multiple verticals including IT and telecom, along with increasing cyber-attacks, have increased the need of security and safety. The business is expected to come with an emerging need for managing more complex networks of digital identities along with the technologies required for federation across emerging as well as developed economies.

North America is expected to have the largest market share in the Quantum Cryptography Market during the forecast period. 

North America is expected to hold the largest market share and 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, thereby contributing to the development of new technologies. The growing concerns for the security of IT infrastructure and complex data in North America have mandated the enterprises in this region to adopt quantum cryptography and reliable authentication solutions. The rise in cyber-attacks, adoption of connected devices, adoption of BYOD, and cloud-based applications into enterprise system have resulted in tremendous growth of technology adoption in this region. This has also triggered a rise in next-generation threats and added more complexities and concerns in the IT infrastructure. North America suffers the highest frequency of cyber-attacks and stringent compliance regulations in the world. Hence, causing more threats, intrusions, and security breaches, and as a result, it has the largest number of security vendors.

The major vendors in the Quantum Cryptography Market include ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US).

Make an enquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=45857130  

Browse Related Reports    

Encryption Software Market by Component (Solution and Services), Application (Disk Encryption, File/Folder Encryption, Communication Encryption, and Cloud Encryption), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/encryption-software-market-227254588.html

Cloud Encryption Market by Component (Solution and Service), Service Model (Infrastructure-as-a-Service, Software-as-a-Service, and Platform-as-a-Service), Organization Size, Vertical, and Region - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/cloud-encryption-market-158713019.html

Know More About our Knowledge Store @http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets