Quantum Cryptography Solutions Market ? Continuous Growth of IT Networks Deploye

Posted by RASHMI on March 12th, 2019

Quantum cryptography is a secure technique for transferring secret keys over a distance, created based on the laws of physics. The current method of transferring the secret key is designed using unverified mathematical assumptions. Quantum cryptography is different from traditional cryptographic systems. It is based on physics rather than mathematics. Quantum cryptography key distribution guarantees secure communication. It involves both the parties to produce and share the randomly generated secret key which can be used to encrypt and decrypt the messages.

It ensures the document or message transmitted remains confidential to everyone except the person with the key. Depending on the requirements of end-users, quantum cryptography solutions can strengthen key distribution attributes that include confidentiality of key, authentication of key, rapid key delivery at lower rate, and robustness of key delivery. It can operate independent of distance & location i.e. few tens of kilometers through fiber cable, and can resist network traffic while delivering the key over systems. 

The quantum cryptography solutions market can be segmented based on components, algorithm type, application, enterprise, industry, and region. Based on components, the quantum cryptography solutions market can be segmented into hardware, software, and services. Based on hardware, the quantum cryptography solutions market can be classified as server, blade and others. In terms of services, the market can be segmented into professional services and managed services.

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In terms of algorithm type, the quantum cryptography solutions market can be classified into symmetric key and asymmetric key. Based on application, the quantum cryptography solutions market can be categorized into network security, database encryption, application security and others. In terms of enterprise, the quantum cryptography solutions market can be classified into small and medium enterprise (SMEs) and large enterprise.

In terms of industry, the quantum cryptography solutions market can be segmented into government, healthcare, automotive, manufacturing, banking, financial services and insurance (BFSI), IT & telecom, defense, education and others.