North America 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 North America Quantum Cryptography Market would witness market growth of 39.2% CAGR during the forecast period (2023-2030).

Quantum cryptography is practically un-hackable, easy to implement, and requires no maintenance resources. Furthermore, it is also used to detect and monitor quantum key distribution, as it is impossible to copy data encoded in a quantum state. Additionally, it protects communication by offering security based on fundamental laws rather than mathematical algorithms.

Organizations implement quantum cryptography solutions to increase network and application security. Due to the increased adoption of these solutions across the government and BFSI verticals, the market is anticipated to experience new opportunities. The industry participants prioritize innovative solutions to enhance security and transactions.

The increase in cybersecurity funding, the increasing demand for next-generation security solutions for cloud and IoT technologies, and the advancement of next-generation wireless network technologies are all expected to fuel the development of the market. Quantum cryptography has developed and been adopted due to the advancement of wireless network technology. In modern society, wireless networks such as Wi-Fi, Bluetooth, and cellular networks have become ubiquitous. Their use has led to an increase in the amount of wirelessly transmitted data.

The increasing number of cyber threats and attacks faced by organizations and individuals in the United States has made cyber security an increasingly vital concern in recent years. The growing incidences and sophistication of cyberattacks in the United States drive the use of cybersecurity solutions. According to data published by International Trade Administration, the average cost of a data breach for Canadian companies is about US$4.4 M per event, which is about $500K more than the global average of US$3.92 M. The alarming frequency of cyberattacks in the region and the government's proactive response to the problem are projected to support the expansion of the regional market.

The US market dominated the North America Quantum Cryptography Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,627.5 Million by 2030. The Canada market is poised to grow at a CAGR of 42.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 41.1% 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 U.S., Mexico, Canada, and Rest of North America.

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

• US
• Canada
• Mexico
• Rest of North America

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 North America Quantum Cryptography Market, by Vertical
1.4.2 North America Quantum Cryptography Market, by Security Type
1.4.3 North America Quantum Cryptography Market, by Offering
1.4.4 North America 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. North America Quantum Cryptography Market by Vertical
5.1 North America Government & Defense Market by Country
5.2 North America Retail & eCommerce Market by Country
5.3 North America IT & Telecom Market by Country
5.4 North America BFSI Market by Country
5.5 North America Healthcare & Lifesciences Market by Country
5.6 North America Others Market by Country

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

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

Chapter 8. North America Quantum Cryptography Market by Country
8.1 US Quantum Cryptography Market
8.1.1 US Quantum Cryptography Market by Vertical
8.1.2 US Quantum Cryptography Market by Security Type
8.1.3 US Quantum Cryptography Market by Offering
8.1.3.1 US Quantum Cryptography Market by Solution Type
8.2 Canada Quantum Cryptography Market
8.2.1 Canada Quantum Cryptography Market by Vertical
8.2.2 Canada Quantum Cryptography Market by Security Type
8.2.3 Canada Quantum Cryptography Market by Offering
8.2.3.1 Canada Quantum Cryptography Market by Solution Type
8.3 Mexico Quantum Cryptography Market
8.3.1 Mexico Quantum Cryptography Market by Vertical
8.3.2 Mexico Quantum Cryptography Market by Security Type
8.3.3 Mexico Quantum Cryptography Market by Offering
8.3.3.1 Mexico Quantum Cryptography Market by Solution Type
8.4 Rest of North America Quantum Cryptography Market
8.4.1 Rest of North America Quantum Cryptography Market by Vertical
8.4.2 Rest of North America Quantum Cryptography Market by Security Type
8.4.3 Rest of North America Quantum Cryptography Market by Offering
8.4.3.1 Rest of North America 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 North America Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 2 North America Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 3 North America Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 4 North America Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 5 North America Government & Defense Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Government & Defense Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Retail & eCommerce Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Retail & eCommerce Market by Country, 2023 - 2030, USD Million
TABLE 9 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 10 North America IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 11 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 12 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 18 North America Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 19 North America Network Security Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Network Security Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Application Security Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Application Security Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 24 North America Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 25 North America Solution Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Solution Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 28 North America Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 29 North America Quantum Key Distribution Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Quantum Key Distribution Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Quantum Random Number Generation Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Quantum Random Number Generation Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 37 North America Quantum Cryptography Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Quantum Cryptography Market by Country, 2023 - 2030, USD Million
TABLE 39 US Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 40 US Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 41 US Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 42 US Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 43 US Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 44 US Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 45 US Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 46 US Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 47 US Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 48 US Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 49 Canada Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 50 Canada Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 51 Canada Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 52 Canada Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 53 Canada Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 54 Canada Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 55 Canada Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 56 Canada Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 57 Canada Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 58 Canada Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 59 Mexico Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 60 Mexico Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 61 Mexico Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 62 Mexico Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 63 Mexico Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 64 Mexico Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 65 Mexico Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 66 Mexico Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 67 Mexico Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 68 Mexico Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 69 Rest of North America Quantum Cryptography Market, 2019 - 2022, USD Million
TABLE 70 Rest of North America Quantum Cryptography Market, 2023 - 2030, USD Million
TABLE 71 Rest of North America Quantum Cryptography Market by Vertical, 2019 - 2022, USD Million
TABLE 72 Rest of North America Quantum Cryptography Market by Vertical, 2023 - 2030, USD Million
TABLE 73 Rest of North America Quantum Cryptography Market by Security Type, 2019 - 2022, USD Million
TABLE 74 Rest of North America Quantum Cryptography Market by Security Type, 2023 - 2030, USD Million
TABLE 75 Rest of North America Quantum Cryptography Market by Offering, 2019 - 2022, USD Million
TABLE 76 Rest of North America Quantum Cryptography Market by Offering, 2023 - 2030, USD Million
TABLE 77 Rest of North America Quantum Cryptography Market by Solution Type, 2019 - 2022, USD Million
TABLE 78 Rest of North America Quantum Cryptography Market by Solution Type, 2023 - 2030, USD Million
TABLE 79 Key Information – IBM Corporation
TABLE 80 Key Information – Hewlett Packard Enterprise Company
TABLE 81 Key Information – Toshiba Corporation
TABLE 82 KEY INFORMATION – NEC Corporation
TABLE 83 Key Information – MagiQ Technologies, Inc.
TABLE 84 Key Information – Crypta Labs Limited
TABLE 85 Key Information – Qubitekk, Inc.
TABLE 86 Key Information – ISARA Corporation
TABLE 87 Key Information – Nucrypt Llc
TABLE 88 Key Information – Qrypt

List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Quantum Cryptography Market share by Vertical, 2022
FIG 6 North America Quantum Cryptography Market share by Vertical, 2030
FIG 7 North America Quantum Cryptography Market by Vertical, 2019 - 2030, USD Million
FIG 8 North America Quantum Cryptography Market share by Security Type, 2022
FIG 9 North America Quantum Cryptography Market share by Security Type, 2030
FIG 10 North America Quantum Cryptography Market by Security Type, 2019 - 2030, USD Million
FIG 11 North America Quantum Cryptography Market share by Offering, 2022
FIG 12 North America Quantum Cryptography Market share by Offering, 2030
FIG 13 North America Quantum Cryptography Market by Offering, 2019 - 2030, USD Million
FIG 14 North America Quantum Cryptography Market share by Country, 2022
FIG 15 North America Quantum Cryptography Market share by Country, 2030
FIG 16 North America 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