Quantum Cryptography Market Seeking Growth from
Emerging Markets, Study Drivers, Forecast till 2026
Quantum cryptography Market research provides industry analysis
by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
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.
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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