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Report: 38% CAGR for Quantum Cryptography

If you’re looking for investment opportunities, and can spot the snake-oil of ‘Quantum-washing’ (remember Cloud-washing when everyone rebranded their offer as ‘Cloud’?) the this looks like a good market to get into. An associated opportunity is in so-called ‘quantum safe cryptography‘ which is the fightback against the ability of quantum computers to crack today’s cryptographic systems…:

The research firm Markets and Markets, in a January 2019 report, projects that the size of the “global quantum cryptography market” could balloon from an estimated US$101 million in 2018 to US$506 million in 2023—a compound annual growth rate (CAGR) of 37.9%. Driving these gains, according to the company’s analysis, will be the coalescing of a number of factors: increasing visibility of high-profile cyberattacks and data breaches; consequent government and business concerns about cybersecurity (and spending to address those concerns); the onset of next-gen wireless technologies; and a proliferation of devices and data to be protected.

Diverse components

The Markets and Markets team takes a broad view of the components of this nascent market. It includes, according to the report, revenue generated from quantum key distribution (QKD) platforms and servers; QKD distributors, key and policy managers; software interfaces and gateways for quantum cryptography; quantum random number generators; quantum-compatible network products and repeaters; and a variety of other “factors essential for the implementation of quantum cryptography.”

Across those areas, the study suggests that the growth rate will prove fastest in the network security segment, with a particular focus among government and defense users and in industries such as health care, retail and automotive—all of which, according to the report, have “started using quantum cryptography solutions.” Interest in QKD and quantum cryptography is driven not only by the threat of advanced classical cybersecurity attacks, but, in the background, by the longer-term threat of the emergence of quantum computers, which will likely have the ability to crack most classical security protocols.


Original article here

Peter Glock
Over 30 years of designing, building and managing telecoms and IT services. Primarily working with large enterprise and professional services businesses in Asia, North America, continental Europe and the UK. Information security professional, secret physics nerd.

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