A Glimpse of What Lies Ahead for the Quantum Cryptography Market

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Quantum Cryptography Market analysis and drive
growth by 2023
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APAC held the largest market share in the Quantum
Cryptography Market Asia Pacific region holds
the largest market share and growth in the
Quantum Cryptography Market and is anticipated to
reach 393.70 million by 2023 at a CAGR of 40.6.
Advancements in secure communication technology
with the help of research laboratories has
benchmarked the growth of quantum encryption in
this region. Also existence and evolution of huge
number of industrial players such as NEC
corporation and Toshiba corporation in Japan is
driving the growth of Quantum Cryptography
Market. The key applications in this region
including simulation, optimization, and sampling.
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Selected Value Chain Analysis done in the full
report

• The Value Chain for Quantum Cryptography
  solutions is similar to any other Modern
  Cryptography solutions. Research Development
  forms the initial aspect for creation of any
  cryptography solution. All the possibilities are
  evaluated on the basis of market requirements and
  continuously put under iterations under different
  kind of stimulating threats.
• This is followed by Standardization Regulation
  involving self-testing independent of any direct
  internal device control. Such standards
  development is an essential aspect of market
  sustainability. Post this, product management
  deals with the marketing and planning activities
  of solutions.
• The final step in the value chain concludes with
  Operations Services where the solution is
  integrated with customer systems. A continuous
  support training services remain an
  indispensable aspect in this step

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Excerpts on Market Growth Factors

• Growing demand for integrated security solutions
  from electronics and automotive OEMs in Europe,
  is acting as a catalyst for the adoption of the
  quantum cryptographic market in European region
• Banking Large Enterprise segment for Quantum
  Cryptography Market is projected to reach
  227.95m by 2023 growing at highest CAGR 39.5
  during forecast period.
• Owing to increasing number of online transaction
  and online banking, there is a need of highly
  secured encryption/decryption. This factor in
  turn has increased the growth of the market with
  respect to banking and large enterprise
  application
• Quantum Cryptography market with respect to
  satellite Communication application is projected
  to remain the fastest growing application during
  the forecast period
• Telecommunication segment for quantum
  cryptography market was 12.54m in 2015 and is
  projected to reach 210.27m by 2023 growing at
  highest CAGR 40.3 during the forecast period.

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Key Players of the Quantum Cryptography Market

• BT Correspondence Center
• Infineon Technologies AG
• Qinetiq Group PLC
• Nokia Corporation
• HP Laboratories
• International Business Machines Corporation

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