Europe Quantum Cryptography Market Size, Share & Industry Trends Analysis Report By Vertical, By Security Type (Network Security and Application Security), By Offering, By Country and Growth Forecast, 2023 - 2030

The Europe Quantum Cryptography Market would witness market growth of 39.8% CAGR during the forecast period (2023-2030).

Quantum cryptography offers multiple advantages over traditional cryptographic methods. For instance, it offers high secrecy, meaning that an eavesdropper cannot encrypt the message even with unlimited computing power. Communication will also be disrupted by any effort to eavesdrop on a quantum-encrypted communication, informing the legitimate parties involved. Governments, military organizations, financial institutions, and other organizations that demand high levels of security for their communication channels are, therefore, increasingly using quantum cryptography.

Currently, the revenue of the QComms ecosystem is produced by component players, consulting services, and joint research initiatives. Quantum cryptography solutions are already commercially available. The market participants are forming alliances with related players in the ecosystem. Technology players are introducing new value chain elements. The market is also anticipated to expand faster in the upcoming years due to additional reasons like rising investments, government efforts, research projects, an increase in the frequency of cyberattacks, and player collaborations. Using quantum key distribution (QKD) protocols, quantum cryptography provides a method for secure key distribution.

In the Europe region, cybercrime is becoming increasingly prevalent. According to information released by the UK government, 39% of UK businesses would have detected a cyberattack by 2022. In response to the expanding number of data breaches, governments have enacted new laws, such as the General Data Protection Regulation (GDPR) by the European Union. The development of quantum technology has long been supported by Europe, renowned for its strong technical and scientific capabilities. These methods aim to position the region at the forefront of the second quantum revolution, leading to breakthrough scientific advancements. All of these factors are expected to support the expansion of the market in the Europe region.

The Germany market dominated the Europe Quantum Cryptography Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $366.7 Million by 2030. The UK market is estimated to grow at a CAGR of 38.6% during (2023 - 2030). Additionally, The France market would register a CAGR of 40.8% during (2023 - 2030).

Based on Vertical, the market is segmented into Government & Defense, Retail & eCommerce, IT & Telecom, BFSI, Healthcare & Lifesciences and Others. Based on Security Type, the market is segmented into Network Security and Application Security. Based on Offering, the market is segmented into Solution (Quantum Key Distribution, Quantum Random Number Generation and Others) and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Worldwide Quantum Cryptography Market is Projected to reach USD 5.6 Billion by 2030, at a CAGR of 40%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include IBM Corporation, Hewlett Packard Enterprise Company, Toshiba Corporation, NEC Corporation, MagiQ Technologies, Inc., Crypta Labs Limited, Qubitekk, Inc., ISARA Corporation, Nucrypt LLC, and Qrypt

Scope of the Study

Market Segments Covered in the Report:

By Vertical

• Government & Defense
• Retail & eCommerce
• IT & Telecom
• BFSI
• Healthcare & Lifesciences
• Others

By Security Type

• Network Security
• Application Security

By Offering

• Solution
• Quantum Key Distribution
• Quantum Random Number Generation
• Others

• Services

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• IBM Corporation
• Hewlett Packard Enterprise Company
• Toshiba Corporation
• NEC Corporation
• MagiQ Technologies, Inc.
• Crypta Labs Limited
• Qubitekk, Inc.
• ISARA Corporation
• Nucrypt LLC
• Qrypt

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Quantum Cryptography Market, by Vertical
1.4.2 Europe Quantum Cryptography Market, by Security Type
1.4.3 Europe Quantum Cryptography Market, by Offering
1.4.4 Europe Quantum Cryptography Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis

Chapter 4. Strategies Deployed in Quantum Cryptography Market

Chapter 5. Europe Quantum Cryptography Market by Vertical
5.1 Europe Government & Defense Market by Country
5.2 Europe Retail & eCommerce Market by Country
5.3 Europe IT & Telecom Market by Country
5.4 Europe BFSI Market by Country
5.5 Europe Healthcare & Lifesciences Market by Country
5.6 Europe Others Market by Country

Chapter 6. Europe Quantum Cryptography Market by Security Type
6.1 Europe Network Security Market by Country
6.2 Europe Application Security Market by Country

Chapter 7. Europe Quantum Cryptography Market by Offering
7.1 Europe Solution Market by Country
7.2 Europe Quantum Cryptography Market by Solution Type
7.2.1 Europe Quantum Key Distribution Market by Country
7.2.2 Europe Quantum Random Number Generation Market by Country
7.2.3 Europe Others Market by Country
7.3 Europe Services Market by Country

Chapter 8. Europe Quantum Cryptography Market by Country
8.1 Germany Quantum Cryptography Market
8.1.1 Germany Quantum Cryptography Market by Vertical
8.1.2 Germany Quantum Cryptography Market by Security Type
8.1.3 Germany Quantum Cryptography Market by Offering
8.1.3.1 Germany Quantum Cryptography Market by Solution Type
8.2 UK Quantum Cryptography Market
8.2.1 UK Quantum Cryptography Market by Vertical
8.2.2 UK Quantum Cryptography Market by Security Type
8.2.3 UK Quantum Cryptography Market by Offering
8.2.3.1 UK Quantum Cryptography Market by Solution Type
8.3 France Quantum Cryptography Market
8.3.1 France Quantum Cryptography Market by Vertical
8.3.2 France Quantum Cryptography Market by Security Type
8.3.3 France Quantum Cryptography Market by Offering
8.3.3.1 France Quantum Cryptography Market by Solution Type
8.4 Russia Quantum Cryptography Market
8.4.1 Russia Quantum Cryptography Market by Vertical
8.4.2 Russia Quantum Cryptography Market by Security Type
8.4.3 Russia Quantum Cryptography Market by Offering
8.4.3.1 Russia Quantum Cryptography Market by Solution Type
8.5 Spain Quantum Cryptography Market
8.5.1 Spain Quantum Cryptography Market by Vertical
8.5.2 Spain Quantum Cryptography Market by Security Type
8.5.3 Spain Quantum Cryptography Market by Offering
8.5.3.1 Spain Quantum Cryptography Market by Solution Type
8.6 Italy Quantum Cryptography Market
8.6.1 Italy Quantum Cryptography Market by Vertical
8.6.2 Italy Quantum Cryptography Market by Security Type
8.6.3 Italy Quantum Cryptography Market by Offering
8.6.3.1 Italy Quantum Cryptography Market by Solution Type
8.7 Rest of Europe Quantum Cryptography Market
8.7.1 Rest of Europe Quantum Cryptography Market by Vertical
8.7.2 Rest of Europe Quantum Cryptography Market by Security Type
8.7.3 Rest of Europe Quantum Cryptography Market by Offering
8.7.3.1 Rest of Europe Quantum Cryptography Market by Solution Type

Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Hewlett Packard Enterprise Company
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Toshiba Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research and Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 NEC Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 SWOT Analysis
9.5 MagiQ Technologies, Inc.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 Crypta Labs Limited
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.3 SWOT Analysis
9.7 Qubitekk, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.3 SWOT Analysis
9.8 ISARA Corporation
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.3 SWOT Analysis
9.9 Nucrypt LLC
9.9.1 Company Overview
9.10. Qrypt
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.3 SWOT Analysis

TABLE 1 Europe Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 2 Europe Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 3 Europe Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 4 Europe Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 5 Europe Government & Defense Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Government & Defense Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Retail & eCommerce Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Retail & eCommerce Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe BFSI Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 18 Europe Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 19 Europe Network Security Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Network Security Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Application Security Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Application Security Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 24 Europe Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 25 Europe Solution Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Solution Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 28 Europe Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 29 Europe Quantum Key Distribution Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Quantum Key Distribution Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Quantum Random Number Generation Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Quantum Random Number Generation Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Services Market by Country, 2023 - 2030, USD Million
TABLE 37 Europe Quantum Cryptography Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Quantum Cryptography Market by Country, 2023 - 2030, USD Million
TABLE 39 Germany Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 40 Germany Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 41 Germany Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 42 Germany Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 43 Germany Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 44 Germany Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 45 Germany Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 46 Germany Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 47 Germany Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 48 Germany Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 49 UK Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 50 UK Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 51 UK Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 52 UK Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 53 UK Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 54 UK Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 55 UK Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 56 UK Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 57 UK Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 58 UK Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 59 France Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 60 France Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 61 France Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 62 France Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 63 France Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 64 France Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 65 France Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 66 France Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 67 France Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 68 France Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 69 Russia Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 70 Russia Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 71 Russia Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 72 Russia Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 73 Russia Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 74 Russia Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 75 Russia Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 76 Russia Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 77 Russia Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 78 Russia Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 79 Spain Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 80 Spain Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 81 Spain Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 82 Spain Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 83 Spain Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 84 Spain Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 85 Spain Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 86 Spain Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 87 Spain Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 88 Spain Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 89 Italy Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 90 Italy Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 91 Italy Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 92 Italy Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 93 Italy Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 94 Italy Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 95 Italy Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 96 Italy Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 97 Italy Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 98 Italy Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 99 Rest of Europe Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 103 Rest of Europe Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 105 Rest of Europe Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 107 Rest of Europe Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 108 Rest of Europe Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 109 Key Information – IBM Corporation
TABLE 110 Key Information – Hewlett Packard Enterprise Company
TABLE 111 Key Information – Toshiba Corporation
TABLE 112 KEY INFORMATION – NEC Corporation
TABLE 113 Key Information – MagiQ Technologies, Inc.
TABLE 114 Key Information – Crypta Labs Limited
TABLE 115 Key Information – Qubitekk, Inc.
TABLE 116 Key Information – ISARA Corporation
TABLE 117 Key Information – Nucrypt Llc
TABLE 118 Key Information – Qrypt

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Quantum Cryptography Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Quantum Cryptography Market
FIG 4 Porter’s Five Forces Analysis – Quantum Cryptography Market
FIG 5 Europe Quantum Cryptography Market share by Vertical, 2022
FIG 6 Europe Quantum Cryptography Market share by Vertical, 2030
FIG 7 Europe Quantum Cryptography Market by Vertical, 2019 - 2030, USD Million
FIG 8 Europe Quantum Cryptography Market share by Security Type, 2022
FIG 9 Europe Quantum Cryptography Market share by Security Type, 2030
FIG 10 Europe Quantum Cryptography Market by Security Type, 2019 - 2030, USD Million
FIG 11 Europe Quantum Cryptography Market share by Offering, 2022
FIG 12 Europe Quantum Cryptography Market share by Offering, 2030
FIG 13 Europe Quantum Cryptography Market by Offering, 2019 - 2030, USD Million
FIG 14 Europe Quantum Cryptography Market share by Country, 2022
FIG 15 Europe Quantum Cryptography Market share by Country, 2030
FIG 16 Europe Quantum Cryptography Market by Country, 2019 - 2030, USD Million
FIG 17 Swot Analysis: IBM Corporation
FIG 18 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 19 SWOT Analysis: Toshiba Corporation
FIG 20 Swot Analysis: NEC Corporation
FIG 21 Swot Analysis: MagiQ Technologies, Inc.
FIG 22 Swot Analysis: Crypta Labs Limited
FIG 23 Swot Analysis: Qubitekk, Inc.
FIG 24 Swot Analysis: ISARA Corporation
FIG 25 Swot Analysis: Qrypt