Need to Secure Sensitive Communications Drives the Global Quantum Cryptography Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Quantum Cryptography markets. Global market for Quantum Cryptography is projected to reach $1.0 billion by 2018, driven by the need to secure the transmission of sensitive communications.

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Quantum Cryptography: A Global Market Report

San Jose, California (PRWEB) July 03, 2013

Follow us on LinkedIn – Quantum Cryptography (QC) is an innovative approach for securing communications, or simply an unhackable way of relaying information. It is a unique solution that ensures confidentiality of shared data. This new approach generates and distributes encryption key over a fibre-optical line, in addition to possessing the unique ability to detect any eavesdropping. Protecting current encrypted information against future hacking has been a key driving force behind quantum cryptography. The ongoing experiments and the introduction of commercial products are helping drive demand for quantum cryptography among institutions where the need to secure exchanged data is high.

Quantum Key Distribution (QKD) technology remains largely in the first stage of commercialization, with the technology being offered primarily to governments, military, and research institutes. The penetration of quantum cryptography technology has been delayed partly due to the global economic recession and uncertainty over the pace of recovery. Commercialization efforts have also been affected by the uncertainty over the commercial viability of quantum cryptography technology. Penetration of quantum key distribution (QKD) remains constrained by its prohibitively high cost of deployment.

The QKD market is forecast to nevertheless benefit in the coming years, given the availability of certified products, adoption of quantum computers, and technology advancements that help extend its application beyond point-to-point connections to cover global communications. Continuous and incremental technology innovation in fibre, protocols and free-space, is expected to result in the decline in the price of the equipment and related accessories in the coming years. This would additionally aid in extending the application of this emerging technology beyond the government and corporate networks, to cover networks serving households.

As stated by the new market research report on Quantum Cryptography, the market for QKD systems is typified by the presence of players such as Switzerland-based id Quantique and New York-based MagiQ Technologies. These two companies remain at the forefront of competition with their commercially available technologies. A majority of players in the market have initiated R&D in the field of quantum cryptography, and currently have numerous products in late stage development.

Key players in the market include id Quantique SA, MagiQ Technologies Inc., Alcatel-Lucent SA, BBN Technologies, HP Laboratories, Infineon Technologies AG, International Business Machines Corp., Nippon Telegraph and Telephone Corp., QinetiQ Group PLC, SPYRUS Inc., and Toshiba Corp.

The research report titled “Quantum Cryptography: A Global Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, key growth drivers, and recent industry activity. The single segment study provides market estimates and projections in US$ for the global market.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Quantum_Cryptography_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
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