Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 94.21 Million

CAGR (2023-2028)

34.47%

Fastest Growing Segment

SME

Largest Market

United Kingdom


Market Overview

The Europe quantum cryptography market was valued at USD 94.21 Million in 2022 and grew at a rate of 34.47% during the forecast period. The European quantum cryptography market stands at the forefront of a technological revolution that promises to redefine the landscape of data security and encryption. Quantum cryptography, an advanced field that merges the principles of quantum physics with information security, is revolutionizing the way we protect sensitive information. Europe's commitment to quantum technologies and cybersecurity is reflected in the remarkable growth and innovation witnessed in this market in recent years. With cyber threats becoming increasingly sophisticated and quantum computers on the horizon, the need for quantum-resistant encryption methods has never been more critical, and Europe is poised to lead the charge in addressing these challenges.

One of the driving forces behind the growth of the European Quantum Cryptography market is the substantial investment and support from both public and private sectors. Governments, research organizations, and multinational corporations across the continent recognize the strategic importance of quantum cryptography and are pouring substantial resources into research, development, and commercialization efforts. This substantial financial backing has led to the emergence of numerous startups and research centers dedicated to advancing quantum cryptography, creating a vibrant ecosystem of innovation that pushes the boundaries of secure communication. Europe's commitment to quantum cryptography is further demonstrated by collaborative projects like the European Quantum Communication Infrastructure (EuroQCI). EuroQCI aims to build a continent-wide quantum communication network that connects major cities and ensures the secure exchange of information across borders. By fostering pan-European cooperation, such initiatives enhance cybersecurity not only for governments and businesses but also for everyday citizens, reinforcing the region's commitment to safeguarding data privacy.

Furthermore, Europe's emphasis on ethics and data privacy aligns perfectly with the goals of quantum cryptography. With regulations like the General Data Protection Regulation (GDPR), Europe has demonstrated its commitment to safeguarding individual privacy. Quantum cryptography provides a level of security that aligns perfectly with these regulations, making it an ideal choice for industries that handle sensitive data, such as healthcare, finance, and government.

In conclusion, the European Quantum Cryptography market is experiencing exponential growth, driven by significant investments, collaborative initiatives, and a thriving ecosystem of startups and research institutions. As Europe continues to lead the way in quantum cryptography innovation, the region is poised to secure its position as a global powerhouse in cybersecurity and quantum technologies. With the ever-increasing importance of secure communication in the digital age, the European Quantum Cryptography market is set to play a pivotal role in safeguarding sensitive information and advancing the frontiers of encryption and data security. Europe's dedication to quantum cryptography not only strengthens its cybersecurity posture but also ensures that its businesses and citizens are well-equipped to face the challenges of the digital future with confidence and security.

Key Market Drivers

Rising Cybersecurity Concerns and the Need for Quantum-Safe Encryption

One of the primary drivers propelling the growth of the European Quantum Cryptography market is the escalating cybersecurity concerns that have gripped the region and the world at large. In an era where data breaches, cyberattacks, and digital espionage have become all too common, the need for robust encryption methods that can withstand sophisticated threats is paramount. Quantum cryptography presents a solution that leverages the fundamental principles of quantum mechanics to provide a level of security that is theoretically unbreakable, even in the face of quantum computers. Europe has recognized the urgency of this need and is investing heavily in the development and deployment of quantum-resistant encryption methods. With the emergence of quantum computing, traditional encryption methods are at risk of being rendered obsolete. Quantum computers have the potential to break commonly used encryption algorithms, posing a significant threat to data security. As a result, European governments, businesses, and research institutions are channeling resources into quantum cryptography to ensure that sensitive information remains protected. The urgency of this situation is driving innovation and collaboration across the continent, positioning Europe as a leader in the quest for quantum-safe encryption solutions.

Government Initiatives and Funding for Quantum Cryptography Research

The European Quantum Cryptography market is receiving a substantial boost from government initiatives and funding dedicated to quantum research and development. Governments across Europe recognize the strategic importance of quantum technologies, not only for national security but also for maintaining a competitive edge in the global digital landscape. Consequently, they are actively supporting research projects and collaborations aimed at advancing quantum cryptography. One prominent example of government involvement is the European Union's Horizon 2020 program, which allocates significant funding to quantum research projects, including those related to quantum cryptography. These funds enable researchers and businesses to conduct cutting-edge experiments and develop practical quantum cryptographic solutions. Furthermore, the European Commission, in partnership with individual European countries, is investing in the creation of quantum communication networks that can secure critical infrastructure and governmental communications. Government-driven initiatives also extend to regulatory frameworks that promote the adoption of quantum cryptography. Europe's commitment to data privacy and protection is reflected in regulations like the General Data Protection Regulation (GDPR). Quantum cryptography aligns seamlessly with these regulations, making it an attractive option for industries handling sensitive data. Consequently, government support is not only driving research but also facilitating the integration of quantum cryptography into various sectors, such as healthcare, finance, and defense.

Expanding Quantum Research and Collaboration Ecosystem

The European Quantum Cryptography market benefits greatly from an expanding ecosystem of quantum research and collaboration. Europe has established itself as a hub for interdisciplinary collaboration among researchers, academics, and industry experts in the fields of quantum physics, computer science, and cryptography. This convergence of expertise is driving groundbreaking developments in quantum cryptography. European universities and research institutions play a pivotal role in nurturing talent and fostering collaboration. These institutions offer cutting-edge facilities and research programs that attract top talent from around the world. Collaborative projects like the European Quantum Communication Infrastructure (EuroQCI) exemplify this trend by aiming to build a pan-European quantum communication network connecting major cities. This network not only enhances Europe's cybersecurity posture but also serves as a platform for testing and refining quantum cryptographic solutions.

Startups and established companies in Europe are also contributing to the growth of the quantum cryptography market. These businesses are developing innovative quantum cryptographic solutions that cater to the diverse needs of different industries. From quantum key distribution (QKD) systems to quantum-resistant encryption algorithms, European companies are at the forefront of delivering secure communication solutions that can withstand emerging threats. The collaborative spirit in Europe extends beyond borders, fostering international partnerships with quantum research institutions and businesses worldwide. This global engagement not only accelerates innovation but also positions Europe as a key player in the international quantum cryptography landscape.

Increasing Awareness and Adoption of Quantum Cryptography

The awareness and adoption of quantum cryptography are on the rise in Europe due to its growing recognition as a transformative technology in the field of data security. As businesses and governments become more aware of the vulnerabilities of classical encryption methods in the face of quantum computing, they are actively seeking quantum-resistant solutions to protect their sensitive information. Moreover, the media and educational institutions are playing a crucial role in raising awareness about quantum cryptography. News reports and academic programs are shedding light on the potential of quantum technologies, including quantum cryptography, to revolutionize data security. This increased awareness is driving organizations across Europe to explore and invest in quantum cryptographic solutions. The adoption of quantum cryptography is also being accelerated by the growing number of successful pilot projects and real-world deployments. Industries such as finance, healthcare, and government are recognizing the need to secure their data against quantum threats. Consequently, they are actively integrating quantum cryptography into their infrastructure to ensure the long-term security of their operations.


Key Market Challenges

High Costs and Complex Infrastructure Development

While the European Quantum Cryptography market holds great promise, it faces several significant challenges that must be addressed to unlock its full potential. One of the foremost challenges is the high costs and complex infrastructure development associated with quantum cryptography. Implementing quantum cryptographic systems and networks requires substantial investments in research, development, and infrastructure, posing financial and logistical challenges for governments and businesses across Europe. Quantum key distribution (QKD) systems, a fundamental component of quantum cryptography, can be expensive to manufacture and deploy. The delicate quantum components and advanced technology required for QKD systems can drive up costs significantly. Furthermore, building and maintaining quantum communication networks like the European Quantum Communication Infrastructure (EuroQCI) entail substantial expenses. These networks demand the deployment of quantum satellites, ground stations, and fiber optic connections, all of which come with substantial price tags.

Moreover, the expertise required to design, build, and maintain quantum cryptographic infrastructure is relatively scarce. Europe must invest in training and education to ensure a skilled workforce capable of handling the complexities of quantum technologies. This involves developing specialized programs at universities and research institutions and fostering collaboration between academia and industry to bridge the knowledge gap.

Regulatory and Standardization Complexities

Another formidable challenge facing the European Quantum Cryptography market is the complex landscape of regulations and standardization. Quantum cryptography introduces a paradigm shift in data security, and as such, it raises questions about legal and regulatory frameworks that were designed for classical cryptography. Harmonizing these regulations and establishing coherent standards for quantum cryptographic technologies is a multifaceted challenge. In Europe, data privacy and protection are paramount, as exemplified by the General Data Protection Regulation (GDPR). Quantum cryptography aligns well with these principles by offering a high level of security and privacy. However, regulatory bodies need to adapt to the nuances of quantum technologies to ensure that they are appropriately governed. This includes addressing issues related to key management, secure key distribution, and data sovereignty.

Standardization is another complex challenge. The field of quantum cryptography encompasses various approaches and technologies, such as QKD, quantum-resistant algorithms, and quantum-safe cryptographic protocols. Ensuring interoperability and compatibility among these diverse elements is essential for the seamless integration of quantum cryptographic solutions into existing infrastructure.

The development of international standards for quantum cryptography faces hurdles related to the rapid pace of technological advancements and the global nature of the field. Europe must work collaboratively with international organizations and standard-setting bodies to establish comprehensive standards that accommodate the diverse needs of different industries and regions. Moreover, regulatory and standardization challenges extend to issues of export control and international cooperation. European countries must navigate export restrictions related to quantum technologies, striking a balance between security concerns and global cooperation in quantum research. As quantum technologies are developed and deployed worldwide, cooperation on regulatory matters is vital to ensure that Europe maintains a leading role in quantum cryptography while adhering to international norms and treaties.

Key Market Trends

Increasing Adoption of Quantum Key Distribution (QKD) Systems

One of the prominent market trends in the European Quantum Cryptography market is the increasing adoption of Quantum Key Distribution (QKD) systems. QKD is a foundational component of quantum cryptography that offers unbreakable encryption through the secure distribution of cryptographic keys. In Europe, governments, financial institutions, healthcare organizations, and other critical sectors are recognizing the value of QKD systems in safeguarding their data against quantum threats. As the quantum computing landscape evolves, classical encryption methods are becoming vulnerable to attacks that could compromise data security. In response, organizations across Europe are turning to QKD systems to fortify their encryption protocols. These systems utilize the principles of quantum mechanics, such as the no-cloning theorem and the Heisenberg uncertainty principle, to create keys that are immune to eavesdropping attempts.

European countries are investing in the deployment of QKD networks and infrastructure. For instance, the UK's Quantum Communications Hub has been actively developing QKD technologies and trialing their use in various applications, including secure communications for government agencies. Additionally, the Netherlands, Switzerland, and Germany are making significant strides in implementing QKD systems in sectors like finance and healthcare. The trend toward QKD adoption is also reflected in the increasing collaboration between research institutions, startups, and established companies in Europe. These partnerships aim to develop cost-effective and user-friendly QKD solutions that can be seamlessly integrated into existing communication networks. As QKD technology matures and becomes more accessible, it is poised to play a pivotal role in securing sensitive information across a wide range of industries in Europe and beyond.

Emergence of Quantum-Safe Cryptographic Algorithms

Another notable trend in the European Quantum Cryptography market is the emergence of quantum-safe cryptographic algorithms. With the advent of quantum computers, traditional cryptographic algorithms like RSA and ECC face the risk of being broken, necessitating the development and implementation of new encryption methods that are resistant to quantum attacks. Europe is at the forefront of this trend, actively pursuing the creation and deployment of quantum-resistant cryptographic solutions. Quantum-safe algorithms, also known as post-quantum cryptography or quantum-resistant cryptography, are designed to withstand attacks from quantum computers. Europe's commitment to data security and privacy, as exemplified by regulations like the General Data Protection Regulation (GDPR), has spurred efforts to transition to quantum-safe encryption methods. These algorithms encompass a diverse range of mathematical approaches, including lattice-based cryptography, code-based cryptography, and multivariate polynomial cryptography.

Research institutions, universities, and cybersecurity firms in Europe are engaged in extensive research and development efforts to identify and standardize quantum-safe cryptographic algorithms. The European Telecommunications Standards Institute (ETSI) and other organizations are actively working on the standardization of post-quantum cryptographic techniques to ensure interoperability and compatibility across different systems. Moreover, European governments and industries are preparing for the quantum threat by developing quantum-safe migration strategies. This involves assessing their existing cryptographic infrastructure and devising plans to transition to quantum-resistant algorithms as quantum computers become more powerful. Europe's proactive stance on quantum-safe cryptography reflects its commitment to maintaining the security and integrity of data in an era of evolving technological threats.

Growing Investment in Quantum Research and Development

Europe is experiencing a surge in investment in quantum research and development (R&D), making it a significant trend in the European Quantum Cryptography market. Quantum technologies, including quantum cryptography, are considered transformative and strategic for both national security and economic competitiveness. As a result, governments, private enterprises, and research institutions are committing substantial resources to advance quantum capabilities. The European Union's Horizon 2020 program, for example, allocates significant funding to quantum research projects, including those related to quantum cryptography. These funds support a wide range of initiatives, from basic research in quantum mechanics to the development of practical quantum cryptographic solutions. European countries like the UK, Germany, France, and the Netherlands are also investing in quantum research hubs and centers to nurture talent and foster innovation.

Additionally, Europe is home to several prominent quantum research institutes and laboratories, such as the Institute for Quantum Computing in the UK and the Max Planck Institute for Quantum Optics in Germany. These institutions conduct cutting-edge research in quantum technologies, including quantum cryptography, and collaborate with industry partners to translate research findings into practical applications. The growing investment in quantum R&D extends to the development of quantum infrastructure, including quantum computers and quantum communication networks. Europe is actively engaged in building quantum computers and establishing quantum testbeds for research and experimentation. These efforts are paving the way for the practical implementation of quantum cryptographic solutions in various industries.

Segmental Insights

Application Insights

Based on application, the network layer encryption segment dominated the Europe quantum cryptography market and is expected to maintain its dominance during the forecast period. Network layer encryption, a fundamental component of quantum cryptography, plays a pivotal role in ensuring the security and integrity of data transmission across digital networks. With the ever-increasing volume of sensitive information being exchanged over the internet and various communication channels, the need for robust encryption methods has never been more critical. Quantum cryptography at the network layer leverages the principles of quantum mechanics to offer an unprecedented level of security, rendering intercepted data virtually unreadable. This level of protection is particularly attractive to governments, financial institutions, healthcare providers, and enterprises across Europe, which are constantly under the threat of cyberattacks and data breaches. As the European Quantum Cryptography market continues to expand and evolve, the network layer encryption segment is expected to remain at the forefront, underlining its indispensable role in securing modern digital communication.

End User Insights

Based on end user, the BFSI sector emerged as the dominant segment in the Europe quantum cryptography market, and it is poised to maintain its leadership position throughout the forecast period. The BFSI sector's strategic importance in safeguarding sensitive financial data and ensuring secure transactions has driven its significant adoption of quantum cryptography. With quantum computing on the horizon, traditional encryption methods used in financial transactions and data protection face unprecedented threats. Consequently, the BFSI sector in Europe has been at the forefront of embracing quantum cryptography to fortify its defences against potential quantum-enabled cyberattacks. The sector's commitment to data security, regulatory compliance, and the trust of its customers makes quantum cryptography an indispensable asset. As the European Quantum Cryptography market continues to evolve, the BFSI sector is poised to maintain its leadership position, reaffirming its dedication to maintaining the highest standards of data protection and security in the digital age. This underscores the pivotal role of quantum cryptography in securing the financial services sector and preserving the integrity of financial transactions and data in Europe.


Regional Insights

United Kingdom dominated the Europe quantum cryptography market, and it is anticipated to maintain its dominance throughout the forecast period. This ascendancy is rooted in several pivotal factors. This dominance stems from the UK's unwavering commitment to technological innovation, data security, and its status as a global financial hub. As the quantum computing landscape advances and traditional encryption methods face unprecedented vulnerabilities, the BFSI sector in the UK has been quick to embrace quantum cryptography. Financial institutions, including banks, insurance companies, and investment firms, are increasingly turning to quantum encryption to safeguard digital transactions and protect sensitive financial information. Furthermore, the UK's thriving research ecosystem, bolstered by prestigious universities and cutting-edge research institutions, is actively contributing to the evolution of quantum cryptography. With its strong foundation in both industry and academia, the United Kingdom is primed to retain its dominance, spearheading innovation, and fortifying data security not only within its borders but also on the global stage.

Recent Developments

  • In February 2023, ID Quantique, a prominent supplier of quantum cryptography solutions, introduced the Quantis Hub, its latest Quantum Key Distribution (QKD) system, tailored for the European market. The Quantis Hub represents a cutting-edge QKD solution with exceptional performance capabilities, strategically crafted to cater to the requirements of enterprise clients and government entities throughout Europe.
  • In November 2022, SES, a prominent global satellite operator, revealed its choice of Arianespace as the launch provider for the EAGLE-1 satellite. EAGLE-1 is a specialized Low Earth Orbit (LEO) satellite dedicated to supporting Europe's quantum cryptography (QKD) system. The satellite's launch, set for 2024, signifies a significant milestone in the development and deployment of quantum cryptographic infrastructure in Europe.
  • In July 2022, ID Quantique SA (IDQ), headquartered in Geneva, and CryptoNext Security SAS, based in Paris, jointly revealed their collaboration to introduce a robust and enduring Quantum-Safe Communication Solution tailored for mobile device users. This innovative solution merges CryptoNext's Quantum-Safe Messaging Application Plugin (C-QS-MS) and Quantum-Safe Library (C-QSL) with the automated detection capabilities of ID Quantique's QRNG Microchip, ensuring top-notch security for mobile phone communications.

Key Market Players

  • ID Quantique SA.
  • QuintessenceLabs (Australia) Pty. Ltd.
  • Toshiba Corporation (Japan)
  • QuantumCTek Co., Ltd.
  • MagiQ Technologies, Inc.
  • Crypta Labs (United Kingdom)
  • Qasky Europe Pte. Ltd.
  • Qubitekk, Inc.
  • ISARA Corporation
  • Nucrypt LLC

 

 

By Component

By Organization Size

By Application

  By End User

By Country

  • Hardware
  • Software
  • SME
  • Large Organization
  • Database Encryption
  • Network Layer Encryption
  • Application Security
  • Others
  • BFSI
  • IT & Telecom
  • Government & Military
  • Healthcare
  • Others
  • United Kingdom
  • Germany
  • Spain
  • France
  • Italy
  • Netherlands
  • Sweden
  • Austria
  • Belgium
  • Switzerland

 

Report Scope:

In this report, the Europe quantum cryptography market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Europe Quantum Cryptography Market, By Component:

o   Hardware

o   Software

  • Europe Quantum Cryptography Market, By Organization Size:

o   SME

o   Large Organization

  • Europe Quantum Cryptography Market, By Application:

o   Database Encryption

o   Network Layer Encryption

o   Application Security

o   Others

  • Europe Quantum Cryptography Market, By End User:

o   BFSI

o   IT & Telecom

o   Government & Military

o   Healthcare

o   Others

  • Europe Quantum Cryptography Market, By Country:

o   United Kingdom

o   Germany

o   Spain

o   France

o   Italy

o   Netherlands

o   Sweden

o   Austria

o   Belgium

o   Switzerland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe Quantum Cryptography Market.

Available Customizations:

Europe Quantum Cryptography Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Europe Quantum Cryptography Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.    Baseline Methodology

2.2.    Key Industry Partners

2.3.    Major Association and Secondary Sources

2.4.    Forecasting Methodology

2.5.    Data Triangulation & Validation

2.6.    Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Europe Quantum Cryptography Market

5.    Voice of Customer

6.    Europe Quantum Cryptography Market Overview

7.    Europe Quantum Cryptography Market Outlook

7.1.    Market Size & Forecast

7.1.1.    By Value

7.2.    Market Share & Forecast

7.2.1.    By Component (Hardware, Software)

7.2.2.    By Organization Size (SME, Large Organization)

7.2.3.   By Application (Database Encryption, Network Layer Encryption, Application Security, Others)

7.2.4.   By End User (BFSI, IT & Telecom, Government & Military, Healthcare, Others)

7.2.5.   By Country (United Kingdom, Germany, Spain, France, Italy, Netherlands, Sweden, Austria, Belgium, and Switzerland)

7.3.    By Company (2022)

7.4.    Market Map

8.    United Kingdom Quantum Cryptography Market Outlook

8.1.    Market Size & Forecast

8.1.1.    By Value

8.2.    Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Organization Size

8.2.3.    By Application

8.2.4.    By End User

9.    Germany Quantum Cryptography Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.2.    Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Organization Size

9.2.3.    By Application

9.2.4.    By End User

10. Spain Quantum Cryptography Market Outlook

10.1. Market Size & Forecast

10.1.1.    By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Organization Size

10.2.3. By Application

10.2.4. By End User

11. France Quantum Cryptography Market Outlook

11.1. Market Size & Forecast

11.1.1.    By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Organization Size

11.2.3. By Application

11.2.4. By End User

12. Italy Quantum Cryptography Market Outlook

12.1. Market Size & Forecast

12.1.1.    By Value

12.2. Market Share & Forecast

12.2.1. By Component

12.2.2. By Organization Size

12.2.3. By Application

12.2.4. By End User

13. Netherlands Quantum Cryptography Market Outlook

13.1. Market Size & Forecast

13.1.1.    By Value

13.2. Market Share & Forecast

13.2.1. By Component

13.2.2. By Organization Size

13.2.3. By Application

13.2.4. By End User

14. Sweden Quantum Cryptography Market Outlook

14.1. Market Size & Forecast

14.1.1.    By Value

14.2. Market Share & Forecast

14.2.1. By Component

14.2.2. By Organization Size

14.2.3. By Application

14.2.4. By End User

15. Austria Quantum Cryptography Market Outlook

15.1. Market Size & Forecast

15.1.1.    By Value

15.2. Market Share & Forecast

15.2.1. By Component

15.2.2. By Organization Size

15.2.3. By Application

15.2.4. By End User

16. Belgium Quantum Cryptography Market Outlook

16.1. Market Size & Forecast

16.1.1.    By Value

16.2. Market Share & Forecast

16.2.1. By Component

16.2.2. By Organization Size

16.2.3. By Application

16.2.4. By End User

17. Switzerland Quantum Cryptography Market Outlook

17.1. Market Size & Forecast

17.1.1.    By Value

17.2. Market Share & Forecast

17.2.1. By Component

17.2.2. By Organization Size

17.2.3. By Application

17.2.4. By End User

18. Market Dynamics

18.1.   Drivers

18.2.   Challenges

19. Market Trends and Developments

20. Company Profiles

20.1.   ID Quantique SA.

20.1.1.   Business Overview

20.1.2.   Key Revenue and Financials  

20.1.3.   Recent Developments

20.1.4.   Key Personnel

20.1.5.   Key Product/Services Offered

20.2.   QuintessenceLabs (Australia) Pty. Ltd.

20.2.1. Business Overview

20.2.2. Key Revenue and Financials  

20.2.3. Recent Developments

20.2.4. Key Personnel

20.2.5. Key Product/Services Offered

20.3.   Toshiba Corporation (Japan)

20.3.1. Business Overview

20.3.2. Key Revenue and Financials  

20.3.3. Recent Developments

20.3.4. Key Personnel

20.3.5. Key Product/Services Offered

20.4.   QuantumCTek Co., Ltd.

20.4.1. Business Overview

20.4.2. Key Revenue and Financials  

20.4.3. Recent Developments

20.4.4. Key Personnel

20.4.5. Key Product/Services Offered

20.5.   MagiQ Technologies, Inc.

20.5.1. Business Overview

20.5.2. Key Revenue and Financials  

20.5.3. Recent Developments

20.5.4. Key Personnel

20.5.5. Key Product/Services Offered

20.6.   Crypta Labs (United Kingdom)

20.6.1. Business Overview

20.6.2. Key Revenue and Financials  

20.6.3. Recent Developments

20.6.4. Key Personnel

20.6.5. Key Product/Services Offered

20.7.   Qasky Europe Pte. Ltd.

20.7.1. Business Overview

20.7.2. Key Revenue and Financials  

20.7.3. Recent Developments

20.7.4. Key Personnel

20.7.5. Key Product/Services Offered

20.8.   Qubitekk, Inc.

20.8.1. Business Overview

20.8.2. Key Revenue and Financials  

20.8.3. Recent Developments

20.8.4. Key Personnel

20.8.5. Key Product/Services Offered

20.9.   ISARA Corporation

20.9.1. Business Overview

20.9.2. Key Revenue and Financials  

20.9.3. Recent Developments

20.9.4. Key Personnel

20.9.5. Key Product/Services Offered

20.10.Nucrypt LLC

20.10.1.  Business Overview

20.10.2.  Key Revenue and Financials  

20.10.3.  Recent Developments

20.10.4.  Key Personnel

20.10.5.  Key Product/Services Offered

21. Strategic Recommendations

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Europe quantum cryptography market was USD 94.21 Million in 2022.

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The software segment by component dominated the Europe quantum cryptography market in 2022.

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Challenges in the Europe quantum cryptography market include limited adoption due to high costs, and lack of standardization & interoperability.

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Major drivers for the Europe quantum cryptography market include rising cybersecurity concerns and the need for quantum-safe encryption, government initiatives & funding, and increasing adoption of quantum-safe communication.

profile

Sakshi Bajaal

Business Consultant
Press Release

Europe Quantum Cryptography Market led by Advancements in Quantum Hardware

Sep, 2023

Rising Cybersecurity Concerns and the Need for Quantum-Safe Encryption propelling Europe Quantum Cryptography Market during the forecast period 2024-2028.