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This investment complements the significant investment in cybersecurity outlined in 2016, Defence White Paper, boosting Defence cyber capabilities by $400 million over the next decade. This leads to increasing demand for quantum cryptography, also referred to as quantum encryption, that employs quantum mechanics principles for encryption of messages in a way that it is unreadable by anyone outside of the intended recipient. A quantum computer is used to conduct these activities, which have a huge computing power for data encryption and decryption. It creates secure communication by offering security-based on physics fundamental laws rather than computing technologies or mathematical algorithms used today. However, some quantum cryptography systems are vulnerable to hacking, which in turn, is a major restricting factor for the market growth. Advances in quantum cryptography are expected to offer an opportunity for the global quantum cryptography market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Quantum Cryptography Market- Segmentation
By Component
- Solutions
- Services
- By Application
- Application Security
- Network Security
- Others
By Vertical
- BFSI
- Telecom & IT
- Government and Defense
- Retail
- Healthcare
- Others
Global Quantum Cryptography Market– Segment by Region
North America
- United States
- copyright
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global quantum cryptography market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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