The global market for Quantum Cryptography was valued at US$ 1514 million in the year 2024 and is projected to reach a revised size of US$ 11930 million by 2031, growing at a CAGR of 34.8% during the forecast period.

Quantum Cryptography Market

This report studies the Quantum Cryptography market, Quantum cryptography uses physics instead of mathematics to encode messages, which provides greater security. Growing developments in Quantum Key Distribution, a core component of quantum cryptography, enhance the efficiency and reliability of secure key exchange. Innovations in QKD protocols make quantum cryptography more appealing for diverse industries seeking enhanced data security. A heightened recognition of the criticality of cybersecurity has resulted in regulatory endeavors aimed at reinforcing measures for safeguarding data. Initiatives within regulatory frameworks that endorse or require the integration of quantum cryptography serve as catalysts for the expansion of the market. Quantum Cryptography uses physics instead of mathematics to encode messages, which provides greater security.

Global key players of Quantum Cryptography include MagiQ Technologies, ID Quantique, Quintessence Labs, etc. The top three players hold a share over 58%. North America is the largest market, and has a share about 42%, followed by Asia-Pacific and Europe with share 32% and 22%, separately. In terms of application, Financial has a share about 37 percent.

This report aims to provide a comprehensive presentation of the global market for Quantum Cryptography, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Quantum Cryptography.

The Quantum Cryptography market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Quantum Cryptography market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Quantum Cryptography companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of Quantum Cryptography Market Report

Report Metric	Details
Report Name	Quantum Cryptography Market
Accounted market size in year	US$ 1514 million
Forecasted market size in 2031	US$ 11930 million
CAGR	34.8%
Base Year	year
Forecasted years	2025 - 2031
Segment by Type	Solution Service
Segment by Application	Financial Government Military & Defense Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Toshiba, MagiQ Technologies, ID Quantique, Quintessence Labs, QuantumCTek, Qasky, Qudoor
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Quantum Cryptography company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

FAQ for this report

How fast is Quantum Cryptography Market growing?

Ans: The Quantum Cryptography Market witnessing a CAGR of 34.8% during the forecast period 2025-2031.

What is the Quantum Cryptography Market size in 2031?

Ans: The Quantum Cryptography Market size in 2031 will be US$ 11930 million.

What is the market share of major companies in Quantum Cryptography Market?

Ans: The top three players hold a share over 58%.

What is the Quantum Cryptography Market share by region?

Ans: North America is the largest market, and has a share about 42%, followed by Asia-Pacific and Europe with share 32% and 22%, separately.

Who are the main players in the Quantum Cryptography Market report?

Ans: The main players in the Quantum Cryptography Market are Toshiba, MagiQ Technologies, ID Quantique, Quintessence Labs, QuantumCTek, Qasky, Qudoor

What are the Application segmentation covered in the Quantum Cryptography Market report?

Ans: The Applications covered in the Quantum Cryptography Market report are Financial, Government, Military & Defense, Others

What are the Type segmentation covered in the Quantum Cryptography Market report?

Ans: The Types covered in the Quantum Cryptography Market report are Solution, Service

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Quantum Cryptography Market Size Growth Rate by Type: 2020 VS 2024 VS 2031

1.2.2 Solution

1.2.3 Service

1.3 Market by Application

1.3.1 Global Quantum Cryptography Market Growth by Application: 2020 VS 2024 VS 2031

1.3.2 Financial

1.3.3 Government

1.3.4 Military & Defense

1.3.5 Others

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global Quantum Cryptography Market Perspective (2020-2031)

2.2 Global Quantum Cryptography Growth Trends by Region

2.2.1 Global Quantum Cryptography Market Size by Region: 2020 VS 2024 VS 2031

2.2.2 Quantum Cryptography Historic Market Size by Region (2020-2025)

2.2.3 Quantum Cryptography Forecasted Market Size by Region (2026-2031)

2.3 Quantum Cryptography Market Dynamics

2.3.1 Quantum Cryptography Industry Trends

2.3.2 Quantum Cryptography Market Drivers

2.3.3 Quantum Cryptography Market Challenges

2.3.4 Quantum Cryptography Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Quantum Cryptography Players by Revenue

3.1.1 Global Top Quantum Cryptography Players by Revenue (2020-2025)

3.1.2 Global Quantum Cryptography Revenue Market Share by Players (2020-2025)

3.2 Global Quantum Cryptography Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Global Key Players Ranking by Quantum Cryptography Revenue

3.4 Global Quantum Cryptography Market Concentration Ratio

3.4.1 Global Quantum Cryptography Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Quantum Cryptography Revenue in 2024

3.5 Global Key Players of Quantum Cryptography Head office and Area Served

3.6 Global Key Players of Quantum Cryptography, Product and Application

3.7 Global Key Players of Quantum Cryptography, Date of Enter into This Industry

3.8 Mergers & Acquisitions, Expansion Plans

4 Quantum Cryptography Breakdown Data by Type

4.1 Global Quantum Cryptography Historic Market Size by Type (2020-2025)

4.2 Global Quantum Cryptography Forecasted Market Size by Type (2026-2031)

5 Quantum Cryptography Breakdown Data by Application

5.1 Global Quantum Cryptography Historic Market Size by Application (2020-2025)

5.2 Global Quantum Cryptography Forecasted Market Size by Application (2026-2031)

6 North America

6.1 North America Quantum Cryptography Market Size (2020-2031)

6.2 North America Quantum Cryptography Market Growth Rate by Country: 2020 VS 2024 VS 2031

6.3 North America Quantum Cryptography Market Size by Country (2020-2025)

6.4 North America Quantum Cryptography Market Size by Country (2026-2031)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Quantum Cryptography Market Size (2020-2031)

7.2 Europe Quantum Cryptography Market Growth Rate by Country: 2020 VS 2024 VS 2031

7.3 Europe Quantum Cryptography Market Size by Country (2020-2025)

7.4 Europe Quantum Cryptography Market Size by Country (2026-2031)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific Quantum Cryptography Market Size (2020-2031)

8.2 Asia-Pacific Quantum Cryptography Market Growth Rate by Region: 2020 VS 2024 VS 2031

8.3 Asia-Pacific Quantum Cryptography Market Size by Region (2020-2025)

8.4 Asia-Pacific Quantum Cryptography Market Size by Region (2026-2031)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America Quantum Cryptography Market Size (2020-2031)

9.2 Latin America Quantum Cryptography Market Growth Rate by Country: 2020 VS 2024 VS 2031

9.3 Latin America Quantum Cryptography Market Size by Country (2020-2025)

9.4 Latin America Quantum Cryptography Market Size by Country (2026-2031)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Quantum Cryptography Market Size (2020-2031)

10.2 Middle East & Africa Quantum Cryptography Market Growth Rate by Country: 2020 VS 2024 VS 2031

10.3 Middle East & Africa Quantum Cryptography Market Size by Country (2020-2025)

10.4 Middle East & Africa Quantum Cryptography Market Size by Country (2026-2031)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Toshiba

11.1.1 Toshiba Company Details

11.1.2 Toshiba Business Overview

11.1.3 Toshiba Quantum Cryptography Introduction

11.1.4 Toshiba Revenue in Quantum Cryptography Business (2020-2025)

11.1.5 Toshiba Recent Development

11.2 MagiQ Technologies

11.2.1 MagiQ Technologies Company Details

11.2.2 MagiQ Technologies Business Overview

11.2.3 MagiQ Technologies Quantum Cryptography Introduction

11.2.4 MagiQ Technologies Revenue in Quantum Cryptography Business (2020-2025)

11.2.5 MagiQ Technologies Recent Development

11.3 ID Quantique

11.3.1 ID Quantique Company Details

11.3.2 ID Quantique Business Overview

11.3.3 ID Quantique Quantum Cryptography Introduction

11.3.4 ID Quantique Revenue in Quantum Cryptography Business (2020-2025)

11.3.5 ID Quantique Recent Development

11.4 Quintessence Labs

11.4.1 Quintessence Labs Company Details

11.4.2 Quintessence Labs Business Overview

11.4.3 Quintessence Labs Quantum Cryptography Introduction

11.4.4 Quintessence Labs Revenue in Quantum Cryptography Business (2020-2025)

11.4.5 Quintessence Labs Recent Development

11.5 QuantumCTek

11.5.1 QuantumCTek Company Details

11.5.2 QuantumCTek Business Overview

11.5.3 QuantumCTek Quantum Cryptography Introduction

11.5.4 QuantumCTek Revenue in Quantum Cryptography Business (2020-2025)

11.5.5 QuantumCTek Recent Development

11.6 Qasky

11.6.1 Qasky Company Details

11.6.2 Qasky Business Overview

11.6.3 Qasky Quantum Cryptography Introduction

11.6.4 Qasky Revenue in Quantum Cryptography Business (2020-2025)

11.6.5 Qasky Recent Development

11.7 Qudoor

11.7.1 Qudoor Company Details

11.7.2 Qudoor Business Overview

11.7.3 Qudoor Quantum Cryptography Introduction

11.7.4 Qudoor Revenue in Quantum Cryptography Business (2020-2025)

11.7.5 Qudoor Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

List of Tables

Table 1. Global Quantum Cryptography Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031

Table 2. Key Players of Solution

Table 3. Key Players of Service

Table 4. Global Quantum Cryptography Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031

Table 5. Global Quantum Cryptography Market Size by Region (US$ Million): 2020 VS 2024 VS 2031

Table 6. Global Quantum Cryptography Market Size by Region (2020-2025) & (US$ Million)

Table 7. Global Quantum Cryptography Market Share by Region (2020-2025)

Table 8. Global Quantum Cryptography Forecasted Market Size by Region (2026-2031) & (US$ Million)

Table 9. Global Quantum Cryptography Market Share by Region (2026-2031)

Table 10. Quantum Cryptography Market Trends

Table 11. Quantum Cryptography Market Drivers

Table 12. Quantum Cryptography Market Challenges

Table 13. Quantum Cryptography Market Restraints

Table 14. Global Quantum Cryptography Revenue by Players (2020-2025) & (US$ Million)

Table 15. Global Quantum Cryptography Market Share by Players (2020-2025)

Table 16. Global Top Quantum Cryptography Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Quantum Cryptography as of 2024)

Table 17. Ranking of Global Top Quantum Cryptography Companies by Revenue (US$ Million) in 2024

Table 18. Global 5 Largest Players Market Share by Quantum Cryptography Revenue (CR5 and HHI) & (2020-2025)

Table 19. Global Key Players of Quantum Cryptography, Headquarters and Area Served

Table 20. Global Key Players of Quantum Cryptography, Product and Application

Table 21. Global Key Players of Quantum Cryptography, Date of Enter into This Industry

Table 22. Mergers & Acquisitions, Expansion Plans

Table 23. Global Quantum Cryptography Market Size by Type (2020-2025) & (US$ Million)

Table 24. Global Quantum Cryptography Revenue Market Share by Type (2020-2025)

Table 25. Global Quantum Cryptography Forecasted Market Size by Type (2026-2031) & (US$ Million)

Table 26. Global Quantum Cryptography Revenue Market Share by Type (2026-2031)

Table 27. Global Quantum Cryptography Market Size by Application (2020-2025) & (US$ Million)

Table 28. Global Quantum Cryptography Revenue Market Share by Application (2020-2025)

Table 29. Global Quantum Cryptography Forecasted Market Size by Application (2026-2031) & (US$ Million)

Table 30. Global Quantum Cryptography Revenue Market Share by Application (2026-2031)

Table 31. North America Quantum Cryptography Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 32. North America Quantum Cryptography Market Size by Country (2020-2025) & (US$ Million)

Table 33. North America Quantum Cryptography Market Size by Country (2026-2031) & (US$ Million)

Table 34. Europe Quantum Cryptography Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 35. Europe Quantum Cryptography Market Size by Country (2020-2025) & (US$ Million)

Table 36. Europe Quantum Cryptography Market Size by Country (2026-2031) & (US$ Million)

Table 37. Asia-Pacific Quantum Cryptography Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031

Table 38. Asia-Pacific Quantum Cryptography Market Size by Region (2020-2025) & (US$ Million)

Table 39. Asia-Pacific Quantum Cryptography Market Size by Region (2026-2031) & (US$ Million)

Table 40. Latin America Quantum Cryptography Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 41. Latin America Quantum Cryptography Market Size by Country (2020-2025) & (US$ Million)

Table 42. Latin America Quantum Cryptography Market Size by Country (2026-2031) & (US$ Million)

Table 43. Middle East & Africa Quantum Cryptography Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031

Table 44. Middle East & Africa Quantum Cryptography Market Size by Country (2020-2025) & (US$ Million)

Table 45. Middle East & Africa Quantum Cryptography Market Size by Country (2026-2031) & (US$ Million)

Table 46. Toshiba Company Details

Table 47. Toshiba Business Overview

Table 48. Toshiba Quantum Cryptography Product

Table 49. Toshiba Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 50. Toshiba Recent Development

Table 51. MagiQ Technologies Company Details

Table 52. MagiQ Technologies Business Overview

Table 53. MagiQ Technologies Quantum Cryptography Product

Table 54. MagiQ Technologies Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 55. MagiQ Technologies Recent Development

Table 56. ID Quantique Company Details

Table 57. ID Quantique Business Overview

Table 58. ID Quantique Quantum Cryptography Product

Table 59. ID Quantique Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 60. ID Quantique Recent Development

Table 61. Quintessence Labs Company Details

Table 62. Quintessence Labs Business Overview

Table 63. Quintessence Labs Quantum Cryptography Product

Table 64. Quintessence Labs Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 65. Quintessence Labs Recent Development

Table 66. QuantumCTek Company Details

Table 67. QuantumCTek Business Overview

Table 68. QuantumCTek Quantum Cryptography Product

Table 69. QuantumCTek Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 70. QuantumCTek Recent Development

Table 71. Qasky Company Details

Table 72. Qasky Business Overview

Table 73. Qasky Quantum Cryptography Product

Table 74. Qasky Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 75. Qasky Recent Development

Table 76. Qudoor Company Details

Table 77. Qudoor Business Overview

Table 78. Qudoor Quantum Cryptography Product

Table 79. Qudoor Revenue in Quantum Cryptography Business (2020-2025) & (US$ Million)

Table 80. Qudoor Recent Development

Table 81. Research Programs/Design for This Report

Table 82. Key Data Information from Secondary Sources

Table 83. Key Data Information from Primary Sources

Table 84. Authors List of This Report

List of Figures

Figure 1. Quantum Cryptography Picture

Figure 2. Global Quantum Cryptography Market Size Comparison by Type (2020-2031) & (US$ Million)

Figure 3. Global Quantum Cryptography Market Share by Type: 2024 VS 2031

Figure 4. Solution Features

Figure 5. Service Features

Figure 6. Global Quantum Cryptography Market Size by Application (2020-2031) & (US$ Million)

Figure 7. Global Quantum Cryptography Market Share by Application: 2024 VS 2031

Figure 8. Financial Case Studies

Figure 9. Government Case Studies

Figure 10. Military & Defense Case Studies

Figure 11. Others Case Studies

Figure 12. Quantum Cryptography Report Years Considered

Figure 13. Global Quantum Cryptography Market Size (US$ Million), Year-over-Year: 2020-2031

Figure 14. Global Quantum Cryptography Market Size, (US$ Million), 2020 VS 2024 VS 2031

Figure 15. Global Quantum Cryptography Market Share by Region: 2024 VS 2031

Figure 16. Global Quantum Cryptography Market Share by Players in 2024

Figure 17. Global Top Quantum Cryptography Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Quantum Cryptography as of 2024)

Figure 18. The Top 10 and 5 Players Market Share by Quantum Cryptography Revenue in 2024

Figure 19. North America Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 20. North America Quantum Cryptography Market Share by Country (2020-2031)

Figure 21. United States Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 22. Canada Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 23. Europe Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 24. Europe Quantum Cryptography Market Share by Country (2020-2031)

Figure 25. Germany Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 26. France Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 27. U.K. Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 28. Italy Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 29. Russia Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 30. Nordic Countries Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 31. Asia-Pacific Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 32. Asia-Pacific Quantum Cryptography Market Share by Region (2020-2031)

Figure 33. China Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 34. Japan Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 35. South Korea Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 36. Southeast Asia Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 37. India Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 38. Australia Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 39. Latin America Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 40. Latin America Quantum Cryptography Market Share by Country (2020-2031)

Figure 41. Mexico Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 42. Brazil Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 43. Middle East & Africa Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 44. Middle East & Africa Quantum Cryptography Market Share by Country (2020-2031)

Figure 45. Turkey Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 46. Saudi Arabia Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 47. UAE Quantum Cryptography Market Size YoY Growth (2020-2031) & (US$ Million)

Figure 48. Toshiba Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 49. MagiQ Technologies Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 50. ID Quantique Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 51. Quintessence Labs Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 52. QuantumCTek Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 53. Qasky Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 54. Qudoor Revenue Growth Rate in Quantum Cryptography Business (2020-2025)

Figure 55. Bottom-up and Top-down Approaches for This Report

Figure 56. Data Triangulation

Figure 57. Key Executives Interviewed

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