World Quantum Cryptography Market to Grow at 33.22% CAGR to 2021
Apr 28, 2017
ReportsnReports.com adds Global Quantum Cryptography Market 2017-2021 latest research report; the analysts forecast global quantum cryptography market to grow at a CAGR of 33.22% during the period 2017-2021.
April 28, 2017 /MarketersMedia/ —
The global quantum cryptography market analyst says one trend in market is advent of integrated security solutions. End-users prefer quantum cryptography integrated and converged with security solutions that provide overall security to the devices and the network. This is because different standalone security solutions may lead to integration issues. Integrated security solutions offered by the vendors provide better support and functionality to customers.
Complete report on quantum cryptography market spread across 70 pages, analyzing 4 major companies and providing 15 data exhibits are now available at http://www.reportsnreports.com/reports/976528-global-quantum-cryptography-market-2017-2021.html.
According to the quantum cryptography market report, one driver in market is adoption of the crypto cloud computing system. Crypto cloud computing is built on the quantum direct key system. Each entity encrypts data using their individual private key while using crypto cloud computing systems. These crypto cloud computing systems are being rapidly adopted for authentication processes, video management systems, and for storing information gathered from biometrics. Many enterprises including banks and healthcare organizations are storing their confidential data on the cloud, which makes it important to secure the cloud from unauthorized access. The adoption of crypto cloud computing systems is escalating faster in small and medium sized business (SMBs) when compared to large enterprises as cloud-based services work on a pay-per-use model. These systems also offer flexibility and scalability to accommodate the varying needs of the enterprises.
The following companies as the key players in the global quantum cryptography market: HP Development Company, ID Quantique, IBM, and Nokia. Other prominent vendors in the market are: Airbus, Alibaba Group, BT, Google, Infineon Technologies, Intel, KPN, Lockheed Martin, MagiQ Technologies, McAfee, Microsoft, Mitsubishi Electric, NEC Corporation, NTT Communications, QuintessenceLabs, Raytheon, SK Telecom, and Toshiba. Order a copy of Global Quantum Cryptography Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=976528.
Global Quantum Cryptography Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global quantum cryptography market for 2017-2021. To calculate the market size, the report considers the revenue generated from quantum cryptography solutions provided to end-users including large enterprises, small and medium-sized enterprises (SMEs), and governing and regulatory bodies.
Further, the quantum cryptography market report states that one challenges in market is intense competition among the vendors. New vendors are entering the market through partnerships and acquisitions, leading to intensified competition in the market landscape. This is forcing the existing vendors to develop advanced quantum cryptography solutions to remain competitive in the market. Some vendors like Symantec, are also introducing customized solutions for specific customer requirements. As many vendors provide quantum cryptography solutions, the chances of price wars have also increased. Thus, intense competition in a highly-fragmented market will affect the profit margins of the vendors, and also the overall revenue generated in the market.
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The quantum cryptography market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Source: MarketersMedia
Release ID: 191901
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