Middle East & Africa Quantum Cryptography Market By Component (Hardware & Service), By Application (Data Base Encryption, Network Layer Encryption & Others), By End-User, By Country, Competition Forecast & Opportunities, 2013-2023

Middle East & Africa quantum cryptography market stood at $ 8.7 million in 2017 and is projected to grow at a CAGR of 23% during 2018-2023. Increasing need to secure data owing to growing IoT market including IIoT, smart grids, smart cities, smart consumer wearables, smart appliances and smartphones, coupled with growing cybersecurity market and booming fiber optics industry are among the major factors driving the region’s quantum cryptography market. Further, rising data security concerns due to rapidly increasing number of cyberattacks is anticipated to positively influence the quantum cryptography market across the Middle East & Africa in the coming years.  

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• To analyze and forecast the Middle East & Africa quantum cryptography market size.
• To define, segment, describe and forecast the Middle East & Africa quantum cryptography market on the basis of component, application, end-user and country.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, by segmenting the Middle East & Africa quantum cryptography market into end-users, namely, IT & Telecom, BFSI, Government & Defense and Others.
• To identify the drivers and challenges for the Middle East & Africa quantum cryptography market.
• To strategically profile leading players operating in the Middle East & Africa quantum cryptography market.  

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Some of the major players operating in the Middle East & Africa quantum cryptography market are ID Quantique SA, MagiQ Technologies, Inc., Quintessence Labs Pty Ltd., Qubitekk, Inc., Toshiba Corporation, qutools GmbH, Crypta Labs, NuCrypt LLC, QuNu Labs, SK Telecom, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of country wide quantum cryptography solution and component providers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the product offerings or variants and regional presence of major quantum cryptography providers.

TechSci Research calculated the Middle East & Africa quantum cryptography market size using a bottom-up approach, where data for different components for standard application were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of quantum cryptography market to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank, government websites, press releases, white papers, investor presentations and financial reports were also analyzed by TechSci Research.

Key Target Audience:

• IT & Telecom sector
• BFSI sector
• IoT industry
• Data center providers
• FTTH solution providers
• Cybersecurity companies
• Associations, organizations, forums and alliances associated with Quantum Cryptography market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as quantum cryptography providers, companies, customers and policy makers, about the targeted market segments in the coming years in order to strategize investments and capitalize on the growth of specific market segments.

Report Scope:

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

• Market, by Component:
• Hardware
• Service

      •       Market, by Application:

• Data Base Encryption
• Network Layer Encryption
• Application Security
• Others
• Market, by End User:
• IT & Telecom
• BFSI
• Government & Defense
• Others
• Market, by Country:
• UAE
• Saudi Arabia
• Qatar
• South Africa
• Rest of Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies providing Quantum Cryptography.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

·         Further bifurcation in the regional market