There is adequate data availability on this research topic.
Multiple markets potentially make up the quantum resistant communications space. They are shared below.
Quantum Cryptography Market
The global Quantum Cryptography market was valued at $2.498 billion in 2020, and is expected to grow to $13.05 billion in 2027, for a CAGR of 23.4%. This technology consists of using quantum key distribution and post-quantum resistant cryptography to protect information. Another market report put the market size at $89 million in 2020, and $214 million by 2025, with a CAGR of 19.1%.
The American region is expected to hold the largest market share. The main growth will come from the following governmental agencies: Department of Defense, Department of Energy, Intelligence Advanced Research Projects Activity, Defense Advanced Research Project Agency, and the National Institute for Standard and Technology.
In Europe, the government is driving growth as they attempt to strengthen their data security.
Data proliferations, evolving cyber-attacks, and the growing probability of a data breach are global drivers.
Also, driving growth is the adoption of new technologies like IoT adoption, smart cities, wearables, smart appliances, and smartphones.
COVID-19, and the increased use of technology has been a surprise driver in the market.
While the technology ispromising, the systems can cost around $50,000 to connect only two parties at a time. High installation costs will act as a restraint on the market.
The major players in global quantum cryptography include ID Quantique (Switzerland), Sequrenet, Quintessence Labs (Australia), Magiq Technologies (US), Toshiba, QuantumCTek (China) and Qasky, and ISARA (Canada).
In the Quantum Cryptography market, they key users are currently in the financial, government, military and defense verticals.
Retail, while not as critical, is also a growing user base.
Messaging Security Market
The global messaging security market was valued at $4.008 billion in 2020 and is predicted to reach $14.77 billion in 2026 with a CAGR of 24.54%. Another market research report puts the CAGR at 13.7%.
COVID-19 has been a significant driver as better security tools and solutions are being adopted due to remote work access. According to data provided by Google, an average of about 18 million COVID-19 spamming emails are blocked by the company every day.
The continued increase in BYOD (Bring Your Own Device) and smartphone adoption, coupled with employee use of consumer-grade messaging apps that lack the physical and technical safeguards necessary for enterprise communication, is exposing companies to security risks
The market is fragmented due to the presence of the major companies in the market, like Tata Communications, Macafee, Cisco, Microsoft, and other new players striving to innovate and collaborate to capture the maximum market share. This has prevented the market from being dominated by just a few players.
Someofthe major players are Symantec, Barracuda Networks, Proofpoint, Inc., Panda Security, Clearswift, Forcepoint LLC, Sophos, Microsoft Corporation, Tata Communications, Trend Micro, Cisco Systems, and Mcafee Corporation.
Someofthe main industries that use the technology are the financial sector, E-commerce, retail, government, and healthcare.
Media and entertainment, manufacturing, and education are also users.
Research focused on the Quantum Cryptography and the messaging security market.
We were able to provide the market size, drivers, players, industry concentration, and users in both markets.
Since multiple market sizes were located for each market, it is recommended that a third report be located and an average calculated to get a more accurate picture of the markets.
Only the project owner can select the next research path.