Global Quantum Cryptography Solutions Market to Revolutionize the Technological Landscape | Technavio

September 19, 2018

LONDON--(BUSINESS WIRE)--Sep 19, 2018--Quantum cryptography uses photons to generate and transmit cryptographic keys between a sender and a receiver. This technique to send data over networks is secure even against eavesdroppers with infinite computing power.

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Market research firm Technavio has projected the global quantum cryptography solutions market 2018-2022 to grow at an impressive CAGR of close to 39%. (Graphic: Business Wire)

The ongoing US FiO+LS 2018 conference focuses on examining the progress of quantum technologies in the areas of quantum computing, quantum sensing, and quantum communication. These sessions will include a broad overview on the future prospect of this technology in specific applications.

Market research firm Technavio has projected the to grow at an impressive CAGR of close to 39%. This can be attributed to the growing interest in quantum technologies, which has led governments across the world to invest billions of dollars in research to promote quantum computing, quantum sensing for industries, and quantum communications.

Quantum cryptography relies on the quantum state of photons to exchange key data, thereby assuring data privacy. The increasing focus on IT security and data privacy will increase the adoption of quantum computing by organizations. Some of the key trends impacting the quantum cryptography solutions market are as follows:

Emergence of QKD as a service Extending the range of secure communication using twin field QKD Increasing popularity of free-space QKD

Get more information on how these trends will impact the quantum cryptography solutions market:

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/19/2018 01:07 PM/DISC: 09/19/2018 01:07 PM


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