Security News > 2022 > February > Quantum cryptography market to reach $291.9 million by 2026

Amid the COVID-19 crisis, the global market for quantum cryptography estimated at $93.1 million in the year 2020, is projected to reach a revised size of $291.9 million by 2026, growing at a CAGR of 20.8% over the analysis period, according to ResearchAndMarkets.

The U.S. quantum cryptography market is estimated at $40.6M in 2021.

The quantum cryptography market in the U.S. is estimated at $40.6 million in the year 2021.

China, the world's second largest economy, is forecast to reach an estimated market size of $40.6 million in the year 2026 trailing a CAGR of 19.3% through the analysis period.

North America is projected to dominate the global market and account for the leading revenue share due to an extensive customer base, increasing incident of cyber-attacks and rising investments in R&D. The proliferation of encryption-based applications in the region has resulted in dramatic surge in frequency of sophisticated cyber-attacks, requiring companies to secure networks and applications with implementation of quantum cryptography solutions.

The Asia-Pacific market is anticipated to witness increasing efforts by providers of quantum cryptography services and solutions to join hands with clients to boost overall sales and market presence.

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https://www.helpnetsecurity.com/2022/02/17/quantum-cryptography-market-2026/