Quantum Cryptography Market - Global Industry Insights, 2017 – 2025 Quantum cryptography is a technique to ensure confidentiality of communicating information. It is a blend of quantum mechanics, which allows to perform various cryptography tasks those are not possible by non-quantum communication. Request Table of Content of This Report: https://www.coherentmarketinsights.com/ongoing-insight/toc/1192 The key factor responsible for the growth of quantum cryptography market is increasing incidents of cyber-attacks globally. For instance, according to Coherent Market Insights analysis in July 2017, cybercrime increased up to 84.1% from 68.8%, which was recorded in June 2016. Banking and finance is the major sector prone to cyber-attack. Quantum Cryptography is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats. For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, around 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015, the number of frauds were 13,083 and 9,500 in the year 2013 –14. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of quantum cryptography solutions. However, low customer awareness about quantum cryptography is one of the key restraining factors in the global quantum cryptography market. Quantum Cryptography Market Taxonomy: On the basis of component, the global quantum cryptography market is segmented into: ● Hardware ● Services On the basis of hardware, the global quantum cryptography market is segmented into: ● ● ● ●
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