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The Global Quantum Cryptography Market Size Is Expected To Grow From USD 285.7 Million In 2017 To USD 943.7 Million By 2022, At A CAGR Of 27.0%LONDON, Nov. 20, 2017 /PRNewswire/ --"Quantum cryptography market projected to grow at a CAGR of 27.0% during the forecast period" Download the full report: https://www.reportbuyer.com/product/5206175 The global quantum cryptography market size is expected to grow from USD 285.7 million in 2017 to USD 943.7 million by 2022, at a CAGR of 27.0%. With the growing incident of cyber-attacks, increasing data security and privacy concerns, rising adoption of cloud storage and computing technologies, and evolving next generation wireless networks is expected to be the major driver for enterprises, since the solution uses quantum properties of light that prevent the interception of messages, as well as standard computational procedures, which are designed to fight quantum attacks evolving due to an increase in the practices of quantum computation. Major challenging factor such as, low customer awareness about quantum cryptography, and lack of skill and expertise are hampering the growth of the market. The quantum cryptography market is witnessing a steady growth with increasing security threats, lacks of the ability to mitigate and respond to such attacks, and due to the low customer awareness about quantum cryptography. "The network security application segment is expected to grow with the highest GAGR in the quantum cryptography market during the forecast period" "North America is expected to have the largest market size, and Asia Pacific (APAC) is projected to grow at the highest rate during the forecast period" The APAC market is expected to witness significant growth and is projected to be the fastest-growing region in the quantum cryptography market. APAC has witnessed fastest growing markets in terms of advanced and dynamic adoption of new technologies and has always been a lucrative market. Major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions. Furthermore, with huge investment flowing in the economy, SMEs of the regions are adopting major quantum cryptography solution on their premises. In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:
The quantum cryptography market includes various major vendors such as ID Quantique (Switzerland), MagiQ Technologies (US), Nucrypt (US), Infineon Technologies (Germany), Qutools (Germany), QuintenssenceLabs (Australia), Crypta Labs (UK), PQ Solutions (UK), and Qubitekk (US) Research Coverage: Reasons to Buy the Report: The report will help the market leaders/new entrants in the quantum cryptography market in the following ways: Download the full report: https://www.reportbuyer.com/product/5206175 About Reportbuyer For more information:
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