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Research Outline
Prepared for Ian W. | Delivered August 5, 2021
Quantum Resistant Communications
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Goals
Provide data on the quantum resistant communications space (video, file sharing, chat, email, etc):
market size
growth
players
user types
what industries are adopting this technology
industry concentration
Client Located Information:
Global Messaging Security Market Size By Component, By Mode Of Communication, By Vertical, By Geographic Scope And Forecast
Secured Communications
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Early Findings
Data Availability
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
Market Size/Growth
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.
Drivers/Restraints
In
Europe
, the government is driving growth as they attempt to strengthen their data security.
Data
p
r
o
l
i
f
e
r
a
t
i
o
n
s
, evolving
c
y
b
e
r
-
a
t
t
a
c
k
s
, 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,
w
e
a
r
a
b
l
e
s
, smart appliances, and smartphones.
COVID-19,
and the increased use of technology has been a surprise driver in the market.
While the technology
i
s
p
r
o
m
i
s
i
n
g
, 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 lack of
customer awareness
of the technology is also a challenge to the market.
Players
The major
players
in global quantum cryptography include ID
Q
u
a
n
t
i
q
u
e
(Switzerland),
S
e
q
u
r
e
n
e
t
, Quintessence Labs (Australia),
M
a
g
i
q
Technologies (US), Toshiba, QuantumCTek (China) and
Q
a
s
k
y
, and
ISARA
(Canada).
Users
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
Market Size/Growth
.
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
%.
North America
is the largest market.
This
market
covers email and messaging (SMS).
Drivers
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
Players
The market is
fragmented
due to the presence of the major companies in the market, like
T
a
t
a
Communications,
M
a
c
a
f
e
e
, 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.
S
o
m
e
o
f
t
h
e
major
players
are
S
y
m
a
n
t
e
c
,
Barracuda Networks
,
P
r
o
o
f
p
o
i
n
t
, Inc., Panda Security,
C
l
e
a
r
s
w
i
f
t
,
F
o
r
c
e
p
o
i
n
t
LLC,
S
o
p
h
o
s
, Microsoft Corporation,
T
a
t
a
Communications
,
Trend Micro
,
Cisco Systems
,
and Mcafee Corporation.
Users
S
o
m
e
o
f
t
h
e
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
.
Summary
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.
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