Quantum Key Distribution Market Quantum Key Distribution Market (Component: Solution and Services; Security Type: Application Security and Ne Defense, Financial, Healthcare, Transport, Retail, IT & Telecom, and Others) - Global Industry Analysis, Size, Share, Report Preview Table of Content Live Video Conferencing Using Quantum Key Encrypted Signals to Gain Impetus Post C Since several government and commercial organizations are functioning in a combination of in-offic demand for quantum key distribution (QKD) has gained an impetus during the COVID-19 pandemic has increased during the pandemic, since cyber criminals have gained awareness about high priority financial, airline, defense, and government organizations. Such trends are generating incremental op quantum key distribution market. New developments during the pandemic, such as ISRO’s recent successful demonstration of free-sp distance of 300 meters for the first time in India are grabbing attention of stakeholders. Companies taking cues from such developments to advance in live video conferencing using quantum key encr Request a sample to get extensive insights into the Quantum Key Distribution Market Companies Gain Proficiency in Critical Infrastructure to Ensure Long Term Security in E Today’s digital society is highly dependent on the security of data, both during communication as w business, e-banking or e-government channels. However, with the progress of quantum computers, potentially increasing. Investment in continuous R&D is the key for companies in the quantum key d The quantum key distribution market is projected to reach US$ 1.1 Bn by the end of 2030. Toshiba C conglomerate is eyeing a US$ 3 Bn revenue in quantum cryptography by 2030. Stakeholders are inc cryptography technology for data protection applications. Finance, defense, and healthcare are form professionals and scientists in the market who are unlocking growth opportunities to decipher conv There is a global demand for advanced cryptographic technologies, as cyber security has become a applications. This is evident since government & defense end use is expected to dominate the secon distribution market during the assessment period. Smartphones, Blockchain-based Wallets Witnessing Rise in Quantum Computing Stakeholders in the quantum key distribution market are tapping revenue opportunities in IT and te South Korean wireless telecommunications operator, is being highly publicized for bringing quantum A Quantum, a first-of-its-kind 5G smartphone equipped with a quantum random number generator Companies in the quantum key distribution (QKD) market are setting their collaboration wheels in m feature quantum enhanced cryptography that generates true random numbers that cannot be hack blockchain-based wallet to store and secure electronic documents such as certificates and insurance Stuck in a neck-to-neck competition with other brands? Request a custom report on Quantum In terms of revenue, the global quantum key distribution market is expected to reach the value CAGR of ~22% during the forecast period Increase in Demand for Next-gen Security Solutions for Cloud and IoT Applications: Ke Distribution Market In the current scenario, cyberattacks and hackings are increasing at a high pace across the glo in China, the U.S., and Russia. End users are looking for quantum key distribution and security solutions due to these cyberat of data. Quantum key distribution ensures protection of sensitive data. Therefore, increased cy driving the demand for quantum key distribution. It has been estimated that the number of IoT devices and adoption of cloud-based services ha years. According to a report published by the World Economic Forum (State of the Connected devices will be capturing data. It also stated that global IoT spending will return to double-dig expand at a CAGR of 11.3% between 2021 and 2024. This will indirectly push the demand for the increasing number of data capturing devices and the rising volume of data, the need for p as well as data from cyberattacks will also increase. There are multiple instances of breach within enterprise IT management, home security system and even in large-scale electrical grids. The cost of IoT hacks can represent up to 13.4% of ann US$ 5 Mn in revenue and tens of millions to large enterprises. Integration of these devices wit the safety and security of data. At present, data breaches are a major risk to organizations. Ma volumes of digital data in many of their applications. Thus, the demand for quantum key distri forecast period to prevent data breaches. Adoption of Cloud-based and Real Time Encryption Software Companies are adopting quantum key distribution solutions for their complex ecosystem and based optical communication to produce and create a global quantum network with security a based and real time encryption software encourages solution providers to adopt new technolo secure communication and data transmission networks on a global level. This is expected to cr quantum key distribution market during the forecast period. Quantum Key Distribution Market: Competition Landscape Detailed profiles of providers of quantum key distribution have been provided in the report to offerings, recent developments, and strategies Key players operating in the global quantum key distribution market are Anhui Qasky Quantum Technology Co. Ltd. AUREA Technology Crypta Labs Ltd. Hewlett-Packard Development Company L.P. Quantum Key Distribution Market: Key Developments Key providers of quantum key distribution, such as Toshiba Corporation, IBM Corporation, ID Q Corporation, and QuantumXchange, Inc. are focusing on the development of cost-effective qu customers. Additionally, players active in providing quantum key distribution are focusing on i strategic collaborations and merger & acquisition activities with technology partners to improv quantum key distribution market. Some other key developments in the global quantum key distribution market are highlighted In January 2020, Qubitekk, Inc. acquired the Quantum Key Distribution (QKD) patent por defense technology company In December 2019, ID Quantique partnered with ADVA Optical Networking SE, a telecom long-term security for critical data transported over optical networks In the global quantum key distribution market report, we have discussed individual strategies, of quantum key distribution. The ‘Competition Landscape’ section has been included in the rep view and company market share analysis of key players operating in the global quantum key d Quantum Key Distribution Market – Segmentation TMR’s research study assesses the quantum key distribution market on the basis of component, sec presents extensive market dynamics and progressive trends associated with different segments, and of the quantum key distribution market. Solution Services Professional Component Deployment & Integratio Consulting Support & Maintenance Managed Application Security Security Type Network Security Government & Defense Financial Healthcare Transport End Use Retail IT & Telecom Others (Industrial & Automotive) North America Europe Asia Pacific
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