Quantum Cryptography Market Is Projected To Grow At A CAGR Of Over 25% To Surpass $ 1.2 Billion By 2023
Global quantum cryptography market was valued at around $ 328 million in 2017 and is projected to grow at a CAGR of over 25% to surpass $ 1.2 billion by 2023 . With growing IoT market, which encompasses IIoT, smart grids, smart cities, smart consumer wearables, smart appliances and smartphones, the need to secure data is also increasing, thereby paving way for quantum cryptography. Further, rising concerns for data security due to rapid surge in the number of cyber attacks over the past few years is expected to continue boosting the quantum cryptography market across the globe in the coming years. Years considered for this report: Historical Years: 2013-2016 Base Year: 2017 Estimated Year: 2018 Forecast Period: 2019–2023 Click here to download the brochure Objective of the Study: · To define, segment, describe and forecast the global quantum cryptography market on the basis of component, enterprise, application, end-user, region and company. To analyze and fo...