How big is the Quantum Cryptography Market?

The Quantum Cryptography Market size is expected to reach USD 0.58 billion in 2024 and grow at a CAGR of 29.19% to reach USD 2.09 billion by 2029. Read More

What is the current Quantum Cryptography Market size?

In 2024, the Quantum Cryptography Market size is expected to reach USD 0.58 billion. Read More

Who are the key players in Quantum Cryptography Market?

QuintessenceLabs Pty Ltd, Crypta Labs Limited, ID Quantique SA, MagiQ Technologies, Inc. and Nucrypt Llc are the major companies operating in the Quantum Cryptography Market. Read More

Which is the fastest growing region in Quantum Cryptography Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Quantum Cryptography Market?

In 2024, the North America accounts for the largest market share in Quantum Cryptography Market. Read More

What years does this Quantum Cryptography Market cover, and what was the market size in 2023?

In 2023, the Quantum Cryptography Market size was estimated at USD 0.41 billion. The report covers the Quantum Cryptography Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Quantum Cryptography Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Quantum Cryptography Market Share

Statistics for the 2023 & 2024 Quantum Cryptography market share, created by Mordor Intelligence™ Industry Reports. Quantum Cryptography share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Quantum Cryptography Industry

The quantum cryptography market is fragmented, with the presence of major players like QuintessenceLabs Pty Ltd, Crypta Labs Limited, ID Quantique SA, MagiQ Technologies Inc., and Nucrypt LLC. Market players are implementing strategies such as partnerships, innovations, and acquisitions to improve their product offerings and gain sustainable competitive advantage.

October 2023: 1touch.io announced a strategic Independent Software Vendor (ISV) partnership with QuintessenceLabs to strengthen enterprise defenses against the cryptographic threats posed by quantum computing. The company’s collaboration with QuintessenceLabs provides enterprises with a comprehensive view of their entire cryptographic landscape, enabling them to pinpoint vulnerabilities and take targeted action.
October 2023: Crypta Labs partnered with Blueshift Memory to create a cybersecurity memory solution capable of countering threats from quantum computing. Also, Blueshift Memory will integrate the QOM into its Cambridge Architecture FPGA module to establish a cybersecurity memory solution resistant to threats, even those from quantum computing.