Global Quantum Cryptography Market is expected to reach USD 1584.1 Million by 2024 from USD 284.5 Million in 2016 at a CAGR of 27.8%. This is a comprehensive global report focused on the current and future prospects of the Global Quantum Cryptography Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and microenvironmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Quantum Cryptography Market has been done in order to calculate the growth rates for each segment and sub-segments.
The key driving factor for this market include the growing incidents of cyber-attacks, technological advancements in next-generation wireless network systems, and rapid growth in the adoption rate of cloud storage & cloud computing are driving this market.
The server sub-segment is anticipated to hold the largest market share over the forecast period, and anticipated to dominate the segment over the forecast period this is majorly due to servers are mainly used for data encryption and help maintain data secrecy. Moreover, they provide high-quality encryption, key generation, and distribution.
Geographically, the Global Quantum Cryptography Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the APAC region is anticipated to dominate the market over the forecast period majorly due to the factors such as a region is expected to grow at the highest CAGR during the forecast period in the quantum cryptography market. Moreover, major factors such as increasing internet usage, compliance regulation, and mobile usage are driving the adoption of quantum cryptography solutions.
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