The Quantum Cryptography is at a nascent stage with massive potential to break through the cybersecurity industry. The quantum cryptography market players are constantly engaging themselves in advancing their features intending to offer highly secured solutions to their clients. The rise in quantum computing has led to the surge in expose of confidential data across industries. Owing to this, several end users of encryption solutions are investing significant amounts in procuring advanced data security solutions and services such as quantum cryptography.
Cybersecurity is one of the critical components of the Organization’s IT modernization efforts, and the organizations are actively focusing on securing the Federal enterprise from cyber-associated threats globally. The investment of the Federal Government’s inclusively for cybersecurity risk is continuously increasing to protect the Federal enterprise from cyber risk. For instance, in 2018, the Whitehouse announced the National Cyber Strategy through which the government concentrates strongly on securing the personal data of the American Public. The National Cyber Strategy identifies that public, as well as private entities, are struggling for securing their systems as market rivals have increased the frequency of their malicious cyber activities, which forced the Federal Government to invest more and more to secure cyber environment for the country.
The governments of different countries across the globe as well as various private organizations are significantly investing in cybersecurity. This is majorly attributed to secure critical data from unauthorized individuals while transferring. The enhanced security solutions offered by the market players including Quantum Key Distribution (QKD), virtual encryptor, quantum cryptography communication device and Quantum Random Number Generator (QRNG) among others facilitate in strongly encrypting critical data. This factor is attracting several governments and industries to invest in such advanced technology. Thus, the rising investment towards cybersecurity solutions is a key catalyzer for quantum cryptography market.
Company Profiles - ID Quantique SA, MagiQ Technologies, NuCrypt LLC, Anhui Qasky Quantum Technology , Qubitekk, QuintessenceLabs, qutools GmbH, Toshiba , International Business Machines, Infineon Technologies AG