Growth in number of cyber-attacks, rise in cyber security funding, increase in demand for next generation security solutions due to rise in penetration of cloud, and IoT drive growth of the quantum cryptography market.
However, lack of expertise and high cost hinders growth of the market. Furthermore, increase in awareness about cyber security among industrial vertical and users creates growth opportunity for the quantum cryptography market globally.
Quantum cryptography is based on the concept of photons. It uses movement of photon to detect cyber-attack while data transfer. Sudden change in movement and position of photon indicates threats and takes replay action by alerting security system immediately.
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Deployment cost of quantum cryptography is quite expensive as it requires its own infrastructure,which hinders growth of the quantum cryptography market. In addition,it works over fairly short distances and to increase distance installation of repeaters and channels between source and destination is necessary, which further increases its cost.
Key benefits of the report:
- This study presents the analytical depiction of the global quantum cryptography industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global quantum cryptography market share.
- The current quantum cryptography market is quantitatively analyzed from 2019 to 2027 to highlight the global quantum cryptography
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed quantum cryptography market analysis based on competitive intensity and how the competition will take shape in coming years.
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