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

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Quantum Cryptography Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Quantum Cryptography Market size is expected to reach $5.6 billion by 2030, rising at a market growth of 40.0% CAGR during the forecast period.

The IT & Telecom segment is showcasing a CAGR of 40.7% during (2023 - 2030). In the IT and telecom sector, quantum cryptography holds the potential to revolutionize the way data is transmitted and secured. Quantum cryptography can be integrated into the telecom infrastructure to secure data transmission between various network components, including routers, switches, and data centers.

The Network Security segment is leading the Global Quantum Cryptography Market by Security Type in 2022; thereby, achieving a market value of $3.9 Billion by 2030. The development in server virtualization, increasing usage of cloud computing services, an increase in the BYOD trend in workplaces, and the rise in the use of IoT applications are key developments driving the adoption of the network security segment.

The Services segment is exhibiting a CAGR of 42.4% during (2023 - 2030). Service providers for quantum cryptography offer various services, including implementation and integration, support, and maintenance. These services provide professional and technical design and implementation services and advice consulting to help many sectors construct security for a quantum-safe future.

The North America region dominated the Global Quantum Cryptography Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.3 Billion by 2030. The Europe region is poised to grow at a CAGR of 39.8% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 41.1% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/quantum-cryptography-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Hewlett Packard Enterprise Company, Toshiba Corporation, NEC Corporation, MagiQ Technologies, Inc., Crypta Labs Limited, Qubitekk, Inc., ISARA Corporation, Nucrypt LLC, and Qrypt.

Global Quantum Cryptography Market Segmentation

By Vertical

By Security Type

Network Security
Application Security

By Offering

Solution

Quantum Key Distribution
Quantum Random Number Generation
Others

Services

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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

Special Offering :

Quantum Cryptography Market Growth, Trends and Report Highlights

Global Quantum Cryptography Market Segmentation

North America Quantum Cryptography Market Size Report 2030

LAMEA Quantum Cryptography Market Size & Share to 2023-2030

Europe Quantum Cryptography Market Size & Forecast, 2030

Asia Pacific Quantum Cryptography Market Size Report 2030