量子暗号市場規模、シェア、動向、2031年までの世界予測

世界の量子暗号市場規模は、予測期間中に年平均成長率 (CAGR) 35.7% で成長し、2025 年の 16 億米ドルから 2031 年には 102 億米ドルに達すると予測されています。

ソフトウェア定義型量子セキュリティへの移行は、企業や通信事業者が量子耐性鍵管理、QKDルーティング、PQC制御をSDNや自動ネットワークオーケストレーションプラットフォームに統合する中で、市場の大きな勢いを生み出しています。これにより、プログラマブルな量子セキュリティレイヤー、動的な鍵更新、自動ポリシー適用、そしてマルチクラウド、メトロ、バックボーンネットワークを横断する耐量子通信のシームレスな統合が可能になります。ネットワークの仮想化と分散化が進むにつれて、ソフトウェア駆動型の耐量子制御プレーンの需要はますます高まっています。

調査対象範囲

本レポートでは、量子暗号市場をソリューション（量子鍵配送、量子乱数生成器、耐量子暗号、量子鍵管理）、サービス（導入・統合、暗号コンサルティング、サポート・保守、PQC統合・移行、トレーニング・認証、サービスとしての量子技術、セキュリティ評価・アドバイザリ）、伝送媒体（光ファイバー伝送、衛星通信）、導入形態（オンプレミス、クラウド）、組織規模（中小企業および大企業）、業種（BFSI、政府・防衛、ヘルスケア、IT・ITeS、自動車、エネルギー・公益事業、その他の業種）、地域（北米、欧州、アジア太平洋、中東・アフリカ、ラテンアメリカ）別にセグメント化し、市場規模予測を行っています。また、主要企業、企業プロフィール、製品・事業内容に関する主要な考察、最近の動向、主要な市場戦略についても詳細な競合分析を行っています。

本レポートを購入する主なメリット

本レポートは、量子暗号市場全体とそのサブセグメントの収益数値の近似値に関する情報を提供し、市場リーダーと新規参入企業を支援します。また、ステークホルダーが競争環境を理解し、自社のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのにも役立ちます。

本レポートでは、以下の点について洞察を提供しています。

主要な推進要因（デジタル化時代におけるサイバー攻撃の増加、研究開発投資の増加、クラウドおよびIoT技術向け次世代セキュリティソリューションの需要増加、実世界アプリケーションにおける高度な暗号化技術の需要増加、量子コンピューティングの進歩の加速など）の分析、制約要因（導入コストの高さ、技術的複雑性の増大、専門知識の不足）、機会（業界横断的なセキュリティソリューションの需要増加、統合ソリューションのニーズ増加、量子暗号のイノベーションを加速させる戦略的提携）、課題（量子暗号の商用化、技術的実装上の課題、既存システムとの量子暗号の統合、大容量データ伝送に対応するためのスケーラビリティ問題）

• 製品開発／イノベーション：量子暗号市場における今後の技術、研究開発活動、製品・サービスの投入に関する詳細な洞察。
• 市場開発：有望な市場に関する包括的な情報。本レポートでは、様々な地域における量子暗号市場を分析しています。
• 市場の多様化：量子暗号市場における新製品・サービス、未開拓地域、最近の動向、投資に関する包括的な情報。
• 競合評価：東芝（日本）、タレス（フランス）、NEC（日本）、DigiCert（米国）、NXP Semiconductors（オランダ）、ID Quantique（スイス）、QuintessenceLabs（オーストラリア）、QuantumCTek（中国）、MagiQ Technologies（米国）、Crypta Labs（英国）、Qasky（中国）、Qubitekk（米国）、Kloch Eviden（フランス）、NuCrypt（米国）、Quantum Xchange（米国）、Infineon Technologies（ドイツ）、Rambus（米国）、QUTools（ドイツ）、QNu Labs（インド）、Post-Quantum（英国）、IBM（米国）、HPE（米国）、Crypto Quantique（英国）、Qrypt（米国）、KETS Quantum Security（英国）、PQShield（英国）、Qubalt（ドイツ）、VeriQloudなどの主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価。 (フランス)、SSH Communications Security (フィンランド)、HEQA Security (イスラエル)、QuSecure (米国)、ISARA (カナダ)、Origin Quantum (中国)、Quantinuum (米国)、Kudelski Security (スイス)、Fortanix (米国)、Q*Bird (オランダ)、Quside (スペイン)。

Report Description

The global quantum cryptography market size is projected to grow from USD 1.6 billion in 2025 to USD 10.2 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 35.7% during the forecast period.

The move toward software-defined quantum security is creating strong market momentum as enterprises and telecom operators integrate quantum-secure key management, QKD routing, and PQC controls into SDN and automated network orchestration platforms. This enables programmable quantum-security layers, dynamic key refresh, automated policy enforcement, and seamless integration of quantum-safe communication across multi-cloud, metro, and backbone networks. As networks become increasingly virtualized and distributed, the demand for software-driven, quantum-safe control planes continues to accelerate.

By organization size, the large enterprises segment accounts for the largest market share.

Large enterprises represent the largest market share in quantum cryptography because they manage vast communication networks, handle sensitive multi-regional operations, and must secure long-term data across distributed infrastructures. Industries such as global banking, cloud service providers, utilities, and aerospace rely on quantum-safe channels to protect cross-site traffic and high-value intellectual property. In 2024, a major European telecom operator completed a pilot using QKD to secure traffic between two core network sites, demonstrating how large organizations are integrating quantum-secure links into existing optical infrastructure. Large enterprises also lead adoption due to stringent internal security frameworks, dedicated cybersecurity teams, and the need to safeguard mission-critical systems from future quantum decryption threats, making them the primary drivers of real-world deployment.

By offering, the services segment is expected to account for the highest growth rate during the forecast period.

Cloud deployment is growing at the fastest rate as enterprises shift workloads to multi-cloud and hybrid environments, requiring quantum-safe protection for data-in-motion, APIs, and distributed applications. Cloud service providers are integrating PQC-ready key management, quantum-safe TLS, and QRNG-backed entropy services directly into their security stacks, allowing organizations to adopt quantum protection without deploying specialized hardware. In 2024, several global cloud vendors began testing PQC-enabled VPN gateways and quantum-secure inter-region links to support regulated industries. This momentum is driven by ease of scalability, rapid deployment, and the ability to extend quantum-safe communication across geographically dispersed environments, making cloud-based quantum security a preferred path for enterprises to modernize their infrastructure.

By region, North America is estimated to account for the largest market size.

The Asia Pacific quantum cryptography market is expanding rapidly due to strong government investment, national quantum-communication programs, and early commercial deployments. China continues to advance its large-scale QKD networks, including its multi-city quantum backbone and satellite-based quantum links, which were launched in recent years. Japan has been developing metro-level QKD testbeds with telecom operators since 2023, focusing on secure financial transactions and data-center interconnects. South Korea has integrated QKD into parts of its national telecom infrastructure and expanded pilot projects for 5G backhaul security in 2024. India also strengthened the market through its National Quantum Mission, announced in April 2023, which allocated approximately USD 726 million to accelerate QKD research, secure communication trials, and quantum network development. Across the region, strong public funding, technology partnerships, and telecom-driven deployments are accelerating real-world adoption of quantum-secure communication.

Breakdown of primaries

The study draws insights from a range of industry experts, including component suppliers, Tier 1 companies, and OEMs. The break-up of the primaries is as follows:

• By Company Type: Tier 1 – 43%, Tier 2 – 36%, and Tier 3 – 21%
• By Designation: C-level Executives – 58%, Directors – 32%, and Other Levels – 10%
• By Region: North America – 55%, Asia Pacific – 12%, Europe – 19%, Middle East & Africa – 9%, Latin America – 5%

The key players in the quantum cryptography market include are Toshiba (Japan), Thales (France), DigiCert (US), NXP Semiconductors (Netherlands), ID Quantique (Switzerland), QuintessenceLabs (Australia), QuantumCTek (China), MagiQ Technologies (US), Crypta Labs (UK), Qasky (China), Qubitekk (US), Eviden (France), NuCrypt (US), Quantum Xchange (US), Infineon Technologies (Germany), Rambus (US), qutools (Germany), QNu Labs (India), Post-Quantum (UK), IBM (US), HPE (US), Crypto Quantique (UK), Qrypt (US), KETS Quantum Security (UK), PQShield (UK), Qubalt (Germany), VeriQloud (France), SSH Communications Security (Finland), HEQA Security (Israel), QuSecure (US), ISARA (Canada), Origin Quantum (China), Quantinuum (US), Kudelski Security (Switzerland), Fortanix (US), Q*Bird (Netherlands), and Quside (Spain).

The study includes an in-depth competitive analysis of the key players in the quantum cryptography market, their company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the quantum cryptography market and forecasts its size by Solution (Quantum Key Distribution, Quantum Random Number Generator, Quantum-safe Cryptography, Quantum Key Management), Service (Deployment & Integration, Crypto Consulting, Support & Maintenance, PQC Integration & Migration, Training & Certification, Quantum as a Service, Security Assessment & Advisory), Transmission Medium (Fiber-optic Cable Transmission, Satellite-based Transmission), Deployment (On-premises, Cloud), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Government and Defense, Healthcare, IT & ITeS, Automotive, Energy and Utilities, and Other Verticals), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall Quantum Cryptography market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights into better positioning their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

• Analysis of key drivers such as (Rising cyberattacks in the digitalization era, Rising investments in R&D, Rising demand for next-generation security solutions for cloud and IoT technologies, Growing demand for advanced encryption techniques in real-world applications, Growing advancements in quantum computing); Restraints (High implementation costs, Rising technical complexities, Lack of expertise); Opportunities (Spur in demand for security solutions across industry verticals, Increasing need for integrated solutions, Strategic collaborations accelerating innovation in quantum cryptography), and Challenges (Commercialization of quantum cryptography, Technological implementation challenges, Integration of quantum cryptography with existing system, Scalability issues to meet high volume data transmission).
• Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product & service launches in the quantum cryptography market.
• Market Development: Comprehensive information about lucrative markets – the report analyzes the quantum cryptography market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the quantum cryptography market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Toshiba (Japan), Thales (France), NEC (Japan), DigiCert (US), NXP Semiconductors (Netherlands), ID Quantique (Switzerland), QuintessenceLabs (Australia), QuantumCTek (China), MagiQ Technologies (US), Crypta Labs (UK), Qasky (China), Qubitekk (US), Kloch Eviden (France), NuCrypt (US), Quantum Xchange (US), Infineon Technologies (Germany), Rambus (US), QUTools (Germany), QNu Labs (India), Post-Quantum (UK), IBM (US), HPE (US), Crypto Quantique (UK), Qrypt (US), KETS Quantum Security (UK), PQShield (UK), Qubalt (Germany), VeriQloud (France), SSH Communications Security (Finland), HEQA Security (Israel), QuSecure (US), ISARA (Canada), Origin Quantum (China), Quantinuum (US), Kudelski Security (Switzerland), Fortanix (US), Q*Bird (Netherlands), and Quside (Spain).

Table of Contents

1 INTRODUCTION 44
1.1 STUDY OBJECTIVES 44
1.2 MARKET DEFINITION 44
1.3 STUDY SCOPE AND SEGMENTATION 45
1.3.1 MARKET SEGMENTATION 45
1.3.2 INCLUSIONS AND EXCLUSIONS 46
1.3.3 YEARS CONSIDERED 47
1.4 CURRENCY CONSIDERED 47
1.5 STAKEHOLDERS 48
1.6 SUMMARY OF CHANGES 48
2 EXECUTIVE SUMMARY 49
2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS 49
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS 50
2.3 DISRUPTIVE TRENDS SHAPING MARKET 51
2.4 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS 52
2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST 53
3 PREMIUM INSIGHTS 54
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN QUANTUM CRYPTOGRAPHY MARKET 54
3.2 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING 54
3.3 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION 55
3.4 QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE 55
3.5 QUANTUM CRYPTOGRAPHY MARKET, BY TRANSMISSION MODE 56
3.6 QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE 56
3.7 QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE 57
3.8 QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL 57
3.9 QUANTUM CRYPTOGRAPHY MARKET, BY REGION 58
4 MARKET OVERVIEW 59
4.1 INTRODUCTION 59
4.2 MARKET DYNAMICS 59
4.2.1 DRIVERS 60
4.2.1.1 Rising number of cyberattacks 60
4.2.1.2 Increasing investments in research and development 61
4.2.1.3 Growing demand for next-generation security solutions for cloud and IoT technologies 61

4.2.1.4 Rising need for advanced encryption techniques in real-world applications 62
4.2.1.5 Advancements in quantum computing 62
4.2.2 RESTRAINTS 63
4.2.2.1 High implementation costs 63
4.2.2.2 Rising technical complexities 63
4.2.2.3 Lack of expertise among users 63
4.2.3 OPPORTUNITIES 64
4.2.3.1 Growing requirement for sophisticated security solutions across sectors 64
4.2.3.2 Increasing need for integrated solutions 64
4.2.3.3 Strategic collaborations for technological innovation 65
4.2.4 CHALLENGES 65
4.2.4.1 Slow commercialization of quantum cryptography 65
4.2.4.2 Integration with existing systems 65
4.2.4.3 Scalability issues related to high-volume data transmission 66
4.3 UNMET NEEDS AND WHITE SPACES 66
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES 67
4.4.1 BFSI 68
4.4.2 HEALTHCARE & LIFE SCIENCES 68
4.4.3 GOVERNMENT 68
4.4.4 IT & ITES 68
4.4.5 TELECOMMUNICATIONS 69
4.5 STRATEGIC MOVES BY TIER -1/2/3 PLAYERS 69
4.5.1 STRATEGIC TRENDS 70
4.5.1.1 Expansion of national and cross-border quantum-secure communication networks 70
4.5.1.2 Growing telecom, government, and industry partnerships 70
4.5.1.3 Hybrid integration of QKD and post-quantum cryptography 71
5 INDUSTRY TRENDS 72
5.1 PORTER’S FIVE FORCES ANALYSIS 72
5.1.1 THREAT OF NEW ENTRANTS 73
5.1.2 THREAT OF SUBSTITUTES 73
5.1.3 BARGAINING POWER OF SUPPLIERS 73
5.1.4 BARGAINING POWER OF BUYERS 73
5.1.5 INTENSITY OF COMPETITIVE RIVALRY 73
5.2 MACROECONOMIC INDICATORS 74
5.2.1 INTRODUCTION 74
5.2.2 GDP TRENDS AND FORECAST 74
5.2.3 TRENDS IN GLOBAL ICT INDUSTRY 76
5.2.4 TRENDS IN GLOBAL CYBERSECURITY INDUSTRY 77

5.3 VALUE CHAIN ANALYSIS 77
5.3.1 TECHNOLOGY INFRASTRUCTURE PROVIDERS 78
5.3.2 QUANTUM CRYPTOGRAPHY PROVIDERS 78
5.3.3 APPLICATION DEVELOPERS 78
5.3.4 SYSTEM INTEGRATORS 79
5.3.5 END USERS 79
5.4 ECOSYSTEM ANALYSIS 79
5.5 PRICING ANALYSIS 81
5.5.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY SOLUTION, 2025 81
5.5.2 INDICATIVE PRICING ANALYSIS OF SOFTWARE, BY VENDOR, 2025 82
5.6 TRADE ANALYSIS 82
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 83
5.8 KEY CONFERENCES AND EVENTS IN 2025- 2026 84
5.9 INVESTMENT AND FUNDING SCENARIO 85
5.9.1 RECENT INVESTMENTS, FUNDING, AND STARTUPS 85
5.9.1.1 Funding & investment landscape 85
5.9.1.2 Startups & emerging firms 86
5.9.2 R&D & TECHNOLOGICAL DEVELOPMENTS 87
5.9.2.1 Post-quantum cryptography (PQC) – From theory to deployable standards 87
5.9.2.1.1 Algorithm standardization and hardening 87
5.9.2.1.2 Implementation, migration, and “crypto-agility” 88
5.9.2.2 QKD & quantum-secure networks – From lab links to real infrastructure 88
5.9.2.2.1 Metro and backbone QKD deployments over fiber 88
5.9.2.2.2 National missions and long-distance quantum links 89
5.9.2.3 Standards, protocols, and interoperability R&D 89
5.9.2.3.1 QKD standards and device characterization 89
5.9.2.3.2 Quantum-safe cryptographic protocols and inventories 89
5.9.2.4 Technical themes and emerging challenges 90
5.9.3 PATENT LANDSCAPE AND STANDARDIZATION ACTIVITY 90
5.9.3.1 Patent landscape – Growth, geography, and technology focus 90
5.9.3.1.1 Rapid growth in quantum technology patents 90
5.9.3.1.2 Geographic concentration of quantum-cryptography IP 91
5.9.3.1.3 Corporate vs. academic ownership and thematic focus 91
5.9.3.2 Standardization activity – Making quantum cryptography deployable 91
5.9.3.2.1 ETSI – QKD and quantum-safe cryptography 91
5.9.3.2.2 NIST – PQC algorithm standards 92
5.9.3.2.3 IETF / ETSI – Protocol inventories and integration 92
5.9.3.2.4 Other SDOs – ISO/IEC, ITU-T, and joint forums 92
5.9.3.3 Strategic implications for enterprises 93

5.10 CASE STUDY ANALYSIS 94
5.10.1 CASE STUDY 1: HITACHI ENERGY AND ID QUANTIQUE DELIVER HIGHLY SECURE END-TO-END ENCRYPTION FOR CRITICAL INFRASTRUCTURE NETWORKS 94
5.10.2 CASE STUDY 2: QUINTESSENCELABS’ CRYPTO GATEWAY SOLUTION ENABLES HIGH SECURITY AND LOW-COST CLOUD STORAGE FOR FINANCIAL INSTITUTION 95
5.10.3 CASE STUDY 3: SK BROADBAND AND IDQ IMPLEMENT END-TO-END QUANTUM CRYPTOGRAPHY SOLUTION FOR SOUTH KOREAN GOVERNMENT 95
5.10.4 CASE STUDY 4: QUANTUM SECURE SYSTEMS ENHANCES SECURITY OF FINANCIAL TRANSACTIONS WITH QKD SOLUTION 96
5.10.5 CASE STUDY 5: PQSHIELD’S PQPLATFORM-COPRO TECHNOLOGY INTEGRATES WITH SIFIVE’S ESSENTIAL RISC-V FOR IMPROVED QUANTUM SAFETY 97
5.11 IMPACT OF 2025 US TARIFF – QUANTUM CRYPTOGRAPHY MARKET 97
5.11.1 INTRODUCTION 97
5.11.2 KEY TARIFF RATES 98
5.11.3 PRICE IMPACT ANALYSIS 100
5.11.4 IMPACT ON COUNTRIES/REGIONS 101
5.11.4.1 North America 101
5.11.4.2 Europe 102
5.11.4.3 Asia Pacific 103
5.11.5 IMPACT ON END-USE INDUSTRIES 104
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT,
PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS 106
6.1 KEY EMERGING TECHNOLOGIES 106
6.1.1 QUANTUM KEY DISTRIBUTION (QKD) 106
6.1.2 QUANTUM RANDOM NUMBER GENERATOR (QRNG) 106
6.1.3 QUANTUM ENTANGLEMENT 106
6.1.4 QUANTUM DIGITAL SIGNATURES (QDS) 107
6.2 COMPLEMENTARY TECHNOLOGIES 107
6.2.1 BLOCKCHAIN TECHNOLOGY 107
6.2.2 PUBLIC KEY INFRASTRUCTURE (PKI) 107
6.2.3 TRANSPORT LAYER SECURITY (TLS) 108
6.3 TECHNOLOGY/PRODUCT ROADMAP 108
6.3.1 SHORT-TERM (2025–2027) | FOUNDATION & EARLY COMMERCIALIZATION 108
6.3.2 MID-TERM (2027–2030) | EXPANSION & INTEGRATED RISK MANAGEMENT 109
6.3.3 LONG-TERM (2030–2035+) | AUTONOMOUS & INTELLIGENT EXPOSURE MANAGEMENT 110
6.4 PATENT ANALYSIS 111
6.5 FUTURE APPLICATIONS 113
6.5.1 QUANTUM-PROOF NETWORK SECURITY (ENTANGLEMENT-BASED QKD) 114
6.5.2 SATELLITE-QKD COMMUNICATION (GLOBAL QUANTUM SECURITY) 114
6.5.3 HYBRID QKD + POST-QUANTUM CRYPTOGRAPHY (PQC) SECURITY 114
6.5.4 QUANTUM-SECURE CLOUD CONNECTIVITY 115
6.5.5 AI-ENABLED QUANTUM KEY ORCHESTRATION 115
6.6 IMPACT OF AI/GEN AI ON QUANTUM CRYPTOGRAPHY MARKET 115
6.6.1 CASE STUDIES OF AI IMPLEMENTATION IN QUANTUM CRYPTOGRAPHY MARKET 116
6.6.2 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 116
6.6.3 CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN QUANTUM CRYPTOGRAPHY MARKET 117
7 TARIFF ANALYSIS AND REGULATORY LANDSCAPE 118
7.1 REGIONAL REGULATIONS AND COMPLIANCE 118
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
7.1.2 INDUSTRY STANDARDS 123
7.2 TARIFF 125
7.2.1 TARIFF RELATED TO QUANTUM CRYPTOGRAPHY PRODUCTS 125
8 CONSUMER LANDSCAPE AND BUYER BEHAVIOR 126
8.1 DECISION-MAKING PROCESS 126
8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA 127
8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 127
8.2.2 BUYING CRITERIA 128
8.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES 128
8.4 UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES 129
8.5 MARKET PROFITABILITY 131
8.5.1 REVENUE POTENTIAL 131
8.5.2 COST DYNAMICS 131
8.5.3 MARGIN OPPORTUNITIES IN KEY APPLICATIONS 131
9 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION 132
9.1 INTRODUCTION 133
9.1.1 SOLUTION: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 133
9.2 QUANTUM KEY DISTRIBUTION (QKD) 134
9.2.1 ABILITY TO PROVIDE UNCONDITIONAL SECURITY TO DRIVE MARKET 134
9.2.2 DISCRETE VARIABLE QKD (DV-QKD) 136
9.2.3 CONTINUOUS VARIABLE QKD (CV-QKD) 137
9.3 QUANTUM RANDOM NUMBER GENERATOR (QRNG) 139
9.3.1 PROVISION OF HIGH LEVELS OF RANDOMNESS TO DRIVE DEMAND 139
9.3.2 QRNG CHIPS 140
9.3.3 QRNG USB DEVICES 142
9.3.4 PCIE CARDS 143
9.3.5 HARDWARE SECURITY MODULES (HSMS) 145
9.4 POST-QUANTUM CRYPTOGRAPHY/QUANTUM-SAFE CRYPTOGRAPHY 146
9.4.1 ABILITY TO RESIST CLASSICAL AND QUANTUM ATTACKS TO BOOST MARKET 146
9.5 QUANTUM KEY MANAGEMENT 147
9.5.1 GROWING DEMAND TO PROTECT SENSITIVE CLIENT DATA TO FUEL MARKET 147
10 QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE 148
10.1 INTRODUCTION 149
10.1.1 SERVICE: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 149
10.2 DEPLOYMENT & INTEGRATION 150
10.2.1 GROWING DEMAND FOR QUANTUM-SAFE DEPLOYMENT AND INTEGRATION SERVICES TO ACCELERATE MARKET GROWTH 150
10.3 CRYPTO CONSULTING 151
10.3.1 STRATEGIC CRYPTO CONSULTING ACCELERATING TRANSITION TOWARD POST-QUANTUM SECURITY ARCHITECTURE 151
10.4 SUPPORT & MAINTENANCE 153
10.4.1 LONG-TERM SECURITY AND RELIABILITY REQUIREMENTS PROPELLING GROWTH OF CRYPTOGRAPHY SUPPORT SERVICES 153
10.5 PQC INTEGRATION & MIGRATION 154
10.5.1 RISING PRIORITY FOR POST-QUANTUM SECURITY ACCELERATING DEMAND FOR PQC INTEGRATION AND MIGRATION SERVICES 154
10.6 TRAINING & CERTIFICATION 155
10.6.1 GROWING NEED FOR QUANTUM-SKILLED WORKFORCE ACCELERATING INVESTMENT IN CRYPTOGRAPHY TRAINING AND CERTIFICATION 155
10.7 QUANTUM-AS-A-SERVICE 157
10.7.1 QUANTUM-AS-A-SERVICE DRIVING MARKET THROUGH CLOUD-BASED QUANTUM ACCESS 157
10.8 SECURITY ASSESSMENT & ADVISORY 158
10.8.1 GROWING DEMAND FOR SECURITY ASSESSMENT AND ADVISORY SERVICES TO DRIVE MARKET 158
11 QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM 159
11.1 INTRODUCTION 160
11.1.1 TRANSMISSION MEDIUM: QUANTUM KEY DISTRIBUTION MARKET DRIVERS 160
11.2 FIBER-OPTIC CABLE TRANSMISSION 161
11.2.1 HIGH SECURITY LEVELS AND SCALABILITY TO DRIVE DEMAND 161
11.3 SATELLITE-BASED TRANSMISSION 162
11.3.1 SUITABILITY TO GLOBAL-SCALE APPLICATIONS TO FUEL MARKET 162
12 QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE 164
12.1 INTRODUCTION 165
12.1.1 DEPLOYMENT MODE: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 165
12.2 ON-PREMISES 167
12.2.1 NEED FOR COMPLETE OVERSIGHT OF ENCRYPTION PROCESSES TO DRIVE DEMAND 167
12.3 CLOUD 168
12.3.1 COST-EFFECTIVENESS AND SCALABILITY TO BOOST MARKET 168
12.4 SERVICE-BASED/CARRIER-MANAGED 169
12.4.1 SHIFT TOWARD SUBSCRIPTION-DRIVEN QUANTUM CRYPTOGRAPHY FOR FASTER ROLLOUT 169
13 QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE 170
13.1 INTRODUCTION 171
13.1.1 ORGANIZATION SIZE: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 171
13.2 SMES 172
13.2.1 INCREASING ADOPTION OF CUSTOMIZED CLOUD-BASED SOLUTIONS TO DRIVE MARKET 172
13.3 LARGE ENTERPRISES 173
13.3.1 RISING NEED TO SAFEGUARD SENSITIVE DATA TO FUEL DEMAND 173
14 QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL 175
14.1 INTRODUCTION 176
14.1.1 VERTICAL: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 176
14.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 177
14.2.1 NEED TO PROTECT SENSITIVE AND PROPRIETARY INFORMATION TO DRIVE DEMAND 177
14.3 GOVERNMENT 179
14.3.1 STRENGTHENING GOVERNMENT CYBERSECURITY THROUGH QUANTUM-SECURE COMMUNICATION NETWORKS 179
14.4 DEFENSE & INTELLIGENCE 180
14.4.1 RISING FOCUS ON QUANTUM-RESISTANT NETWORKS TRANSFORMING DEFENSE COMMUNICATION SECURITY 180
14.5 HEALTHCARE 181
14.5.1 PREPARING HEALTH SYSTEMS FOR POST-QUANTUM ERA THROUGH QUANTUM-SAFE CRYPTOGRAPHY 181
14.6 TELECOMMUNICATIONS 182
14.6.1 5G/6G EVOLUTION DRIVING ADOPTION OF QUANTUM-SAFE CRYPTOGRAPHY IN TELECOM 182
14.7 DATA CENTERS 183
14.7.1 HIGH-CAPACITY OPTICAL NETWORKS BOOSTING QUANTUM CRYPTOGRAPHY INTEGRATION IN DATA CENTERS 183
14.8 AEROSPACE & TRANSPORTATION 184
14.8.1 INCREASING SATELLITE TRIALS AND SECURE TRANSPORT NETWORKS ACCELERATING QUANTUM CRYPTOGRAPHY ADOPTION 184
14.9 RESEARCH & ACADEMIA 186
14.9.1 UNIVERSITY-LED TESTBEDS PUSH QUANTUM CRYPTOGRAPHY TOWARD COMMERCIALIZATION 186
14.10 ENERGY & UTILITIES 187
14.10.1 IOT-DRIVEN MODERNIZATION OF UTILITY NETWORKS STRENGTHENING DEMAND FOR QUANTUM-RESILIENT SECURITY 187
14.11 OTHER VERTICALS 188
15 QUANTUM CRYPTOGRAPHY MARKET, BY REGION 190
15.1 INTRODUCTION 191
15.2 NORTH AMERICA 192
15.2.1 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 192
15.2.2 US 199
15.2.2.1 Rising research and development initiatives to drive market 199
15.2.3 CANADA 204
15.2.3.1 Government and private sector investments to boost market 204
15.3 EUROPE 210
15.3.1 EUROPE: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 210
15.3.2 UK 217
15.3.2.1 Increasing research in quantum technology to boost market 217
15.3.3 GERMANY 222
15.3.3.1 Rising government investments to fuel market 222
15.3.4 FRANCE 228
15.3.4.1 Rising investments and innovation to bolster market 228
15.3.5 ITALY 233
15.3.5.1 Strong technological base to drive innovation in market 233
15.3.6 REST OF EUROPE 239
15.4 ASIA PACIFIC 244
15.4.1 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 245
15.4.2 CHINA 251
15.4.2.1 Extensive research activities to strengthen market 251
15.4.3 JAPAN 256
15.4.3.1 Strategic collaborations to propel market 256
15.4.4 INDIA 261
15.4.4.1 Significant government investments to bolster market 261
15.4.5 REST OF ASIA PACIFIC 267
15.5 MIDDLE EAST & AFRICA 272
15.5.1 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 272
15.5.2 GCC COUNTRIES 279
15.5.2.1 KSA 285
15.5.2.1.1 Collaborative efforts and investments to fuel market 285
15.5.2.2 UAE 290
15.5.2.2.1 Rising cybersecurity concerns to drive demand 290
15.5.2.3 Rest of GCC countries 295
15.5.3 SOUTH AFRICA 300
15.5.3.1 Growing government initiatives and research activities to bolster market 300
15.5.4 REST OF MIDDLE EAST & AFRICA 306
15.6 LATIN AMERICA 311
15.6.1 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET DRIVERS 311
15.6.2 BRAZIL 318
15.6.2.1 Increasing focus on safeguarding sensitive data to drive demand 318
15.6.3 MEXICO 323
15.6.3.1 Digital transformation in industries to fuel market 323
15.6.4 REST OF LATIN AMERICA 328
16 COMPETITIVE LANDSCAPE 334
16.1 KEY PLAYER COMPETITIVE STRATEGIES/RIGHT TO WIN, 2023–2025 334
16.2 REVENUE ANALYSIS, 2019–2024 336
16.3 MARKET SHARE ANALYSIS, 2024 337
16.4 BRAND COMPARISON 340
16.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 341
16.5.1 STARS 342
16.5.2 EMERGING LEADERS 342
16.5.3 PERVASIVE PLAYERS 342
16.5.4 PARTICIPANTS 342
16.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 344
16.5.5.1 Company footprint 344
16.5.5.2 Regional footprint 345
16.5.5.3 Solution footprint 346
16.5.5.4 Service footprint 347
16.5.5.5 Vertical footprint 348
16.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 349
16.6.1 PROGRESSIVE COMPANIES 349
16.6.2 RESPONSIVE COMPANIES 349
16.6.3 DYNAMIC COMPANIES 350
16.6.4 STARTING BLOCKS 350
16.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 351
16.6.5.1 Detailed list of key startups/SMEs 351
16.6.5.2 Competitive benchmarking of key startups/SMEs 352
16.7 COMPANY VALUATION AND FINANCIAL METRICS 355
16.7.1 COMPANY VALUATION, 2025 355
16.7.2 FINANCIAL METRICS USING EV/EBITDA, 2025 356
16.8 COMPETITIVE SCENARIO 356
16.8.1 PRODUCT LAUNCHES/ENHANCEMENTS 356
16.8.2 DEALS 358

17 COMPANY PROFILES 362
17.1 KEY PLAYERS 362
17.1.1 TOSHIBA 362
17.1.1.1 Business overview 362
17.1.1.2 Products/Solutions/Services offered 363
17.1.1.3 Recent developments 364
17.1.1.3.1 Product launches and enhancements 364
17.1.1.3.2 Deals 365
17.1.1.4 MnM view 367
17.1.1.4.1 Key strengths 367
17.1.1.4.2 Strategic choices 367
17.1.1.4.3 Weaknesses and competitive threats 367
17.1.2 NXP SEMICONDUCTORS 368
17.1.2.1 Business overview 368
17.1.2.2 Products/Solutions/Services offered 369
17.1.2.3 Recent developments 371
17.1.2.3.1 Product launches and enhancements 371
17.1.2.3.2 Deals 371
17.1.2.4 MnM view 373
17.1.2.4.1 Key strengths 373
17.1.2.4.2 Strategic choices 373
17.1.2.4.3 Weaknesses and competitive threats 373
17.1.3 THALES 374
17.1.3.1 Business overview 374
17.1.3.2 Products/Solutions/Services offered 375
17.1.3.3 Recent developments 378
17.1.3.3.1 Product launches and enhancements 378
17.1.3.3.2 Deals 378
17.1.3.4 MnM view 379
17.1.3.4.1 Key strengths 379
17.1.3.4.2 Strategic choices 379
17.1.3.4.3 Weaknesses and competitive threats 379
17.1.4 IDEMIA 380
17.1.4.1 Business overview 380
17.1.4.2 Products/Solutions/Services offered 380
17.1.4.3 Recent developments 381
17.1.4.3.1 Product launches and enhancements 381
17.1.4.3.2 Deals 382
17.1.4.4 MnM view 383
17.1.4.4.1 Key strengths 383
17.1.4.4.2 Strategic choices 383
17.1.4.4.3 Weaknesses and competitive threats 383
17.1.5 DIGICERT 384
17.1.5.1 Business overview 384
17.1.5.2 Products/Solutions/Services offered 384
17.1.5.3 Recent developments 385
17.1.5.3.1 Deals 385
17.1.6 QUINTESSENCELABS 386
17.1.6.1 Business overview 386
17.1.6.2 Products/Solutions/Services offered 386
17.1.6.3 Recent developments 388
17.1.6.3.1 Deals 388
17.1.7 QUANTUMCTEK 389
17.1.7.1 Business overview 389
17.1.7.2 Products/Solutions/Services offered 389
17.1.8 ISARA 392
17.1.8.1 Business overview 392
17.1.8.2 Products/Solutions/Services offered 392
17.1.8.3 Recent developments 393
17.1.8.3.1 Deals 393
17.1.9 IBM 394
17.1.9.1 Business overview 394
17.1.9.2 Products/Solutions/Services offered 395
17.1.9.3 Recent developments 399
17.1.9.3.1 Product launches and enhancements 399
17.1.9.3.2 Deals 400
17.1.10 ID QUANTIQUE 401
17.1.10.1 Business overview 401
17.1.10.2 Products/Solutions/Services offered 401
17.1.10.3 Recent developments 406
17.1.10.3.1 Product launches and enhancements 406
17.1.10.3.2 Deals 407
17.1.11 MAGIQ TECHNOLOGIES 409
17.1.11.1 Business overview 409
17.1.11.2 Products/Solutions/Services offered 409
17.1.12 CRYPTA LABS 410
17.1.12.1 Business overview 410
17.1.12.2 Products/Solutions/Services offered 410
17.1.12.3 Recent developments 411
17.1.12.3.1 Deals 411
17.1.13 QASKY 412
17.1.13.1 Business overview 412
17.1.13.2 Products/Solutions/Services offered 413

17.1.14 QUBITEKK 414
17.1.14.1 Business overview 414
17.1.14.2 Products/Solutions/Services offered 415
17.1.14.3 Recent developments 415
17.1.14.3.1 Product launches and enhancements 415
17.1.14.3.2 Deals 416
17.1.15 NUCRYPT 417
17.1.15.1 Business overview 417
17.1.15.2 Products/Solutions/Services offered 417
17.1.16 QUANTUM XCHANGE 419
17.1.16.1 Business overview 419
17.1.16.2 Products/Solutions/Services offered 419
17.1.16.3 Recent developments 420
17.1.16.3.1 Product launches and enhancements 420
17.1.16.3.2 Deals 421
17.1.17 EVIDEN 422
17.1.17.1 Business overview 422
17.1.17.2 Products/Solutions/Services offered 422
17.1.17.3 Recent developments 423
17.1.17.3.1 Product launches and enhancements 423
17.1.17.3.2 Deals 424
17.1.18 RAMBUS 425
17.1.18.1 Business overview 425
17.1.18.2 Products/Solutions/Services offered 426
17.1.18.3 Recent developments 426
17.1.18.3.1 Product launches and enhancements 426
17.1.19 INFINEON 427
17.1.19.1 Business overview 427
17.1.19.2 Products/Solutions/Services offered 428
17.1.19.3 Recent developments 429
17.1.19.3.1 Deals 429
17.2 OTHER KEY PLAYERS 430
17.2.1 QUTOOLS 430
17.2.2 QNU LABS 432
17.2.3 POST QUANTUM 433
17.2.4 HPE 434
17.2.5 CRYPTO QUANTIQUE 435
17.2.6 QRYPT 436
17.2.7 KETS QUANTUM SECURITY 436
17.2.8 PQSHIELD 437
17.2.9 QUBALT 438
17.2.10 VERIQLOUD 438
17.2.11 SSH COMMUNICATIONS SECURITY 439
17.2.12 HEQA SECURITY (FORMERLY QUANTLR) 440
17.2.13 QUSECURE 441
17.2.14 ORIGIN QUANTUM 442
17.2.15 QUANTINUUM 443
17.2.16 KUDELSKI SECURITY 444
17.2.17 FORTANIX 445
17.2.18 Q*BIRD 446
17.2.19 QUSIDE 447
18 RESEARCH METHODOLOGY 448
18.1 RESEARCH DATA 448
18.1.1 SECONDARY DATA 449
18.1.2 PRIMARY DATA 450
18.1.2.1 Breakup of primary profiles 450
18.1.2.2 Key industry insights 451
18.2 MARKET SIZE ESTIMATION 452
18.2.1 TOP-DOWN APPROACH 453
18.2.2 BOTTOM-UP APPROACH 454
18.3 MARKET FORECAST 455
18.4 RESEARCH ASSUMPTIONS 456
18.5 RESEARCH LIMITATIONS 457
19 ADJACENT MARKETS 458
19.1 INTRODUCTION 458
19.2 LIMITATIONS 458
19.3 QUANTUM COMPUTING MARKET 458
19.4 POST-QUANTUM CRYPTOGRAPHY MARKET 459
19.5 ENCRYPTION SOFTWARE MARKET 460
20 APPENDIX 464
20.1 DISCUSSION GUIDE 464
20.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 468
20.3 CUSTOMIZATION OPTIONS 470
20.4 RELATED REPORTS 470
20.5 AUTHOR DETAILS 471

LIST OF TABLES

TABLE 1 USD EXCHANGE RATES, 2020–2024 47
TABLE 2 UNMET NEEDS AND WHITE SPACES IN QUANTUM CRYPTOGRAPHY MARKET 67
TABLE 3 STRATEGIC MOVES BY PLAYERS IN QUANTUM CRYPTOGRAPHY MARKET 69
TABLE 4 IMPACT OF PORTER’S FIVE FORCES ON QUANTUM CRYPTOGRAPHY MARKET 72
TABLE 5 GDP PERCENTAGE CHANGE, BY KEY COUNTRY, 2021–2030 74
TABLE 6 ROLE OF COMPANIES IN ECOSYSTEM 80
TABLE 7 QUANTUM CRYPTOGRAPHY MARKET: AVERAGE SELLING PRICE OF KEY PLAYERS, BY SOLUTION, 2025 81
TABLE 8 QUANTUM CRYPTOGRAPHY MARKET: INDICATIVE PRICING ANALYSIS OF SOFTWARE, BY VENDOR, 2025 82
TABLE 9 QUANTUM CRYPTOGRAPHY MARKET: LIST OF KEY CONFERENCES
AND EVENTS, 2025–2026 84
TABLE 10 LEADING STARTUPS IN QUANTUM CRYPTOGRAPHY, 2024–2025 87
TABLE 11 KEY TARIFF RATES 98
TABLE 12 LIST OF TOP PATENTS IN QUANTUM CRYPTOGRAPHY MARKET, 2023–2025 112
TABLE 13 TOP USE CASES AND MARKET POTENTIAL 115
TABLE 14 QUANTUM CRYPTOGRAPHY MARKET: CASE STUDIES RELATED TO AI IMPLEMENTATION 116
TABLE 15 INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS 116
TABLE 16 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 118
TABLE 17 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 120
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 121
TABLE 19 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 122
TABLE 20 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 123
TABLE 21 GLOBAL INDUSTRY STANDARDS IN QUANTUM CRYPTOGRAPHY MARKET 124
TABLE 22 TARIFF RELATED TO QUANTUM CRYPTOGRAPHY PRODUCTS, 2024 125
TABLE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 127
TABLE 24 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 128
TABLE 25 UNMET NEEDS IN QUANTUM CRYPTOGRAPHY MARKET, BY END-USE INDUSTRY 130
TABLE 26 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2019–2024 (USD MILLION) 134
TABLE 27 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2025–2031 (USD MILLION) 134
TABLE 28 QUANTUM KEY DISTRIBUTION (QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 135
TABLE 29 QUANTUM KEY DISTRIBUTION (QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 135
TABLE 30 QUANTUM KEY DISTRIBUTION (QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY TYPE, 2019–2024 (USD MILLION) 136
TABLE 31 QUANTUM KEY DISTRIBUTION (QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY TYPE, 2025–2031 (USD MILLION) 136
TABLE 32 DISCRETE VARIABLE QKD (DV-QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 137
TABLE 33 DISCRETE VARIABLE QKD (DV-QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 137
TABLE 34 CONTINUOUS VARIABLE QKD (CV-QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 138
TABLE 35 CONTINUOUS VARIABLE QKD (CV-QKD): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 138
TABLE 36 QUANTUM RANDOM NUMBER GENERATOR (QRNG): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2019–2024 (USD MILLION) 139
TABLE 37 QUANTUM RANDOM NUMBER GENERATOR (QRNG): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2025–2031 (USD MILLION) 139
TABLE 38 QUANTUM RANDOM NUMBER GENERATOR (QRNG): QUANTUM CRYPTOGRAPHY MARKET, BY TYPE, 2019–2024 (USD MILLION) 140
TABLE 39 QUANTUM RANDOM NUMBER GENERATOR (QRNG): QUANTUM CRYPTOGRAPHY MARKET, BY TYPE, 2025–2031 (USD MILLION) 140
TABLE 40 QRNG CHIPS: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 141
TABLE 41 QRNG CHIPS: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 141
TABLE 42 QRNG USB DEVICES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 142
TABLE 43 QRNG USB DEVICES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 143
TABLE 44 PCIE CARDS: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 144
TABLE 45 PCIE CARDS: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 144
TABLE 46 HARDWARE SECURITY MODULES (HSMS): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 145
TABLE 47 HARDWARE SECURITY MODULES (HSMS): QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 145
TABLE 48 POST-QUANTUM CRYPTOGRAPHY (PQC)/QUANTUM-SAFE CRYPTOGRAPHY (QSC): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2019–2024 (USD MILLION) 146
TABLE 49 POST-QUANTUM CRYPTOGRAPHY (PQC)/QUANTUM-SAFE CRYPTOGRAPHY (QSC): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2025–2031 (USD MILLION) 146
TABLE 50 QUANTUM KEY MANAGEMENT: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 147
TABLE 51 QUANTUM KEY MANAGEMENT: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 147
TABLE 52 QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2019–2024 (USD MILLION) 150
TABLE 53 QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2025–2031 (USD MILLION) 150
TABLE 54 DEPLOYMENT & INTEGRATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 151
TABLE 55 DEPLOYMENT & INTEGRATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 151
TABLE 56 CRYPTO CONSULTING: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 152
TABLE 57 CRYPTO CONSULTING: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 152
TABLE 58 SUPPORT & MAINTENANCE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 153
TABLE 59 SUPPORT & MAINTENANCE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 154
TABLE 60 PQC INTEGRATION & MIGRATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 155
TABLE 61 PQC INTEGRATION & MIGRATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 155
TABLE 62 TRAINING & CERTIFICATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 156
TABLE 63 TRAINING & CERTIFICATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 156
TABLE 64 QUANTUM-AS-A-SERVICE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 157
TABLE 65 QUANTUM-AS-A-SERVICE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 157
TABLE 66 SECURITY ASSESSMENT & ADVISORY: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 158
TABLE 67 SECURITY ASSESSMENT & ADVISORY: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 158
TABLE 68 QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 160
TABLE 69 QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 161
TABLE 70 FIBER-OPTIC CABLE TRANSMISSION: QUANTUM KEY DISTRIBUTION MARKET,
BY REGION, 2019–2024 (USD MILLION) 161
TABLE 71 FIBER-OPTIC CABLE TRANSMISSION: QUANTUM KEY DISTRIBUTION MARKET,
BY REGION, 2025–2031 (USD MILLION) 162
TABLE 72 SATELLITE-BASED TRANSMISSION: QUANTUM KEY DISTRIBUTION MARKET,
BY REGION, 2019–2024 (USD MILLION) 163
TABLE 73 SATELLITE-BASED TRANSMISSION: QUANTUM KEY DISTRIBUTION MARKET,
BY REGION, 2025–2031 (USD MILLION) 163
TABLE 74 QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 166
TABLE 75 QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 166
TABLE 76 ON-PREMISES: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 167
TABLE 77 ON-PREMISES: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 167
TABLE 78 CLOUD: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 168
TABLE 79 CLOUD: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 168
TABLE 80 SERVICE-BASED/CARRIER-MANAGED: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 169
TABLE 81 SERVICE-BASED/CARRIER-MANAGED: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 169
TABLE 82 QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 171
TABLE 83 QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 172
TABLE 84 SMES: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 172
TABLE 85 SMES: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 173
TABLE 86 LARGE ENTERPRISES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 173
TABLE 87 LARGE ENTERPRISES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 174
TABLE 88 QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL, 2019–2024 (USD MILLION) 177
TABLE 89 QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL, 2025–2031 (USD MILLION) 177
TABLE 90 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2019–2024 (USD MILLION) 178
TABLE 91 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI): QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2025–2031 (USD MILLION) 178
TABLE 92 GOVERNMENT: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 179
TABLE 93 GOVERNMENT: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 179
TABLE 94 DEFENSE & INTELLIGENCE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 180
TABLE 95 DEFENSE & INTELLIGENCE: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 180
TABLE 96 HEALTHCARE: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2019–2024 (USD MILLION) 181
TABLE 97 HEALTHCARE: QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2025–2031 (USD MILLION) 182
TABLE 98 TELECOMMUNICATIONS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 183
TABLE 99 TELECOMMUNICATIONS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 183
TABLE 100 DATA CENTERS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 184
TABLE 101 DATA CENTERS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 184
TABLE 102 AEROSPACE & TRANSPORTATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 185
TABLE 103 AEROSPACE & TRANSPORTATION: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 185
TABLE 104 RESEARCH & ACADEMIA: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 186
TABLE 105 RESEARCH & ACADEMIA: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 186
TABLE 106 ENERGY & UTILITIES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 187
TABLE 107 ENERGY & UTILITIES: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 188
TABLE 108 OTHER VERTICALS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2019–2024 (USD MILLION) 189
TABLE 109 OTHER VERTICALS: QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2025–2031 (USD MILLION) 189
TABLE 110 QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2019–2024 (USD MILLION) 191
TABLE 111 QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2025–2031 (USD MILLION) 192
TABLE 112 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 193
TABLE 113 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 194
TABLE 114 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 194
TABLE 115 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 194
TABLE 116 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 194
TABLE 117 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 195
TABLE 118 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 195
TABLE 119 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 195
TABLE 120 NORTH AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 196
TABLE 121 NORTH AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 196
TABLE 122 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 196
TABLE 123 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 196
TABLE 124 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 197
TABLE 125 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 197
TABLE 126 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 197
TABLE 127 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 198
TABLE 128 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2019–2024 (USD MILLION) 198
TABLE 129 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2025–2031 (USD MILLION) 198
TABLE 130 US: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 199
TABLE 131 US: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 200
TABLE 132 US: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION,
2019–2024 (USD MILLION) 200
TABLE 133 US: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION,
2025–2031 (USD MILLION) 200
TABLE 134 US: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 200
TABLE 135 US: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 201
TABLE 136 US: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2019–2024 (USD MILLION) 201
TABLE 137 US: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2025–2031 (USD MILLION) 201
TABLE 138 US: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 202
TABLE 139 US: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 202
TABLE 140 US: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 202
TABLE 141 US: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 202
TABLE 142 US: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 203
TABLE 143 US: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 203
TABLE 144 US: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 203
TABLE 145 US: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 204
TABLE 146 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 205
TABLE 147 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 205
TABLE 148 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 205
TABLE 149 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 205
TABLE 150 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 206
TABLE 151 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 206
TABLE 152 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 206
TABLE 153 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 207
TABLE 154 CANADA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 207
TABLE 155 CANADA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 207
TABLE 156 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 208
TABLE 157 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 208
TABLE 158 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 208
TABLE 159 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 208
TABLE 160 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 209
TABLE 161 CANADA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 209
TABLE 162 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 211
TABLE 163 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 212
TABLE 164 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 212
TABLE 165 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 212
TABLE 166 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 212
TABLE 167 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 213
TABLE 168 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 213
TABLE 169 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 213
TABLE 170 EUROPE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 214
TABLE 171 EUROPE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 214
TABLE 172 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 214
TABLE 173 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 214
TABLE 174 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 215
TABLE 175 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 215
TABLE 176 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 215
TABLE 177 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 216
TABLE 178 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 216
TABLE 179 EUROPE: QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2025–2031 (USD MILLION) 216
TABLE 180 UK: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 217
TABLE 181 UK: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 218
TABLE 182 UK: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION,
2019–2024 (USD MILLION) 218
TABLE 183 UK: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION,
2025–2031 (USD MILLION) 218
TABLE 184 UK: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 218
TABLE 185 UK: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 219
TABLE 186 UK: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2019–2024 (USD MILLION) 219
TABLE 187 UK: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2025–2031 (USD MILLION) 219
TABLE 188 UK: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 220
TABLE 189 UK: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 220
TABLE 190 UK: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 220
TABLE 191 UK: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 220
TABLE 192 UK: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 221
TABLE 193 UK: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 221
TABLE 194 UK: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 221
TABLE 195 UK: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 222
TABLE 196 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 223
TABLE 197 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 223
TABLE 198 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 223
TABLE 199 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 224
TABLE 200 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 224
TABLE 201 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 224
TABLE 202 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 225
TABLE 203 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 225
TABLE 204 GERMANY: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 225
TABLE 205 GERMANY: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 226
TABLE 206 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 226
TABLE 207 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 226
TABLE 208 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 226
TABLE 209 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 227
TABLE 210 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 227
TABLE 211 GERMANY: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 228
TABLE 212 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 229
TABLE 213 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 229
TABLE 214 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 229
TABLE 215 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 229
TABLE 216 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 230
TABLE 217 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 230
TABLE 218 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 230
TABLE 219 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 231
TABLE 220 FRANCE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 231
TABLE 221 FRANCE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 231
TABLE 222 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 232
TABLE 223 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 232
TABLE 224 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 232
TABLE 225 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 232
TABLE 226 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 233
TABLE 227 FRANCE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 233
TABLE 228 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 234
TABLE 229 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 234
TABLE 230 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 235
TABLE 231 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 235
TABLE 232 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 235
TABLE 233 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 235
TABLE 234 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 236
TABLE 235 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 236
TABLE 236 ITALY: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 236
TABLE 237 ITALY: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 237
TABLE 238 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 237
TABLE 239 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 237
TABLE 240 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 237
TABLE 241 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 238
TABLE 242 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 238
TABLE 243 ITALY: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 238
TABLE 244 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 239
TABLE 245 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 240
TABLE 246 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 240
TABLE 247 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 240
TABLE 248 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 240
TABLE 249 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 241
TABLE 250 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 241
TABLE 251 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 241
TABLE 252 REST OF EUROPE: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 242
TABLE 253 REST OF EUROPE: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 242
TABLE 254 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 242
TABLE 255 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 242
TABLE 256 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 243
TABLE 257 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 243
TABLE 258 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 243
TABLE 259 REST OF EUROPE: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 244
TABLE 260 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 245
TABLE 261 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 245
TABLE 262 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 246
TABLE 263 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 246
TABLE 264 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 246
TABLE 265 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 246
TABLE 266 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 247
TABLE 267 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 247
TABLE 268 ASIA PACIFIC: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 247
TABLE 269 ASIA PACIFIC: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 248
TABLE 270 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 248
TABLE 271 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 248
TABLE 272 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 248
TABLE 273 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 249
TABLE 274 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 249
TABLE 275 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 250
TABLE 276 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2019–2024 (USD MILLION) 250
TABLE 277 ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2025–2031 (USD MILLION) 250
TABLE 278 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 251
TABLE 279 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 252
TABLE 280 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 252
TABLE 281 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 252
TABLE 282 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 252
TABLE 283 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 253
TABLE 284 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 253
TABLE 285 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 253
TABLE 286 CHINA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 254
TABLE 287 CHINA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 254
TABLE 288 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 254
TABLE 289 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 254
TABLE 290 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 255
TABLE 291 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 255
TABLE 292 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 255
TABLE 293 CHINA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 256
TABLE 294 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 257
TABLE 295 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 257
TABLE 296 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 257
TABLE 297 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 257
TABLE 298 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 258
TABLE 299 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 258
TABLE 300 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 258
TABLE 301 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 259
TABLE 302 JAPAN: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 259
TABLE 303 JAPAN: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 259
TABLE 304 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 260
TABLE 305 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 260
TABLE 306 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 260
TABLE 307 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 260
TABLE 308 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 261
TABLE 309 JAPAN: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 261
TABLE 310 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 262
TABLE 311 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 262
TABLE 312 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 263
TABLE 313 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 263
TABLE 314 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 263
TABLE 315 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 263
TABLE 316 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 264
TABLE 317 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 264
TABLE 318 INDIA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 264

TABLE 319 INDIA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 265
TABLE 320 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 265
TABLE 321 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 265
TABLE 322 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 265
TABLE 323 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 266
TABLE 324 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 266
TABLE 325 INDIA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 266
TABLE 326 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 267
TABLE 327 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 268
TABLE 328 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 268
TABLE 329 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 268
TABLE 330 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 268
TABLE 331 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 269
TABLE 332 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 269
TABLE 333 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 269
TABLE 334 REST OF ASIA PACIFIC: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 270
TABLE 335 REST OF ASIA PACIFIC: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 270
TABLE 336 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 270
TABLE 337 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 270
TABLE 338 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 271
TABLE 339 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 271
TABLE 340 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 271
TABLE 341 REST OF ASIA PACIFIC: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 272
TABLE 342 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 273
TABLE 343 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 273

TABLE 344 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 274
TABLE 345 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 274
TABLE 346 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 274
TABLE 347 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 274
TABLE 348 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 275
TABLE 349 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 275
TABLE 350 MIDDLE EAST & AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 275
TABLE 351 MIDDLE EAST & AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 276
TABLE 352 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 276
TABLE 353 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 276
TABLE 354 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 276
TABLE 355 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 277
TABLE 356 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 277
TABLE 357 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 278
TABLE 358 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2019–2024 (USD MILLION) 278
TABLE 359 MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2025–2031 (USD MILLION) 278
TABLE 360 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 279
TABLE 361 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 279
TABLE 362 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 280
TABLE 363 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 280
TABLE 364 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 280
TABLE 365 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 280
TABLE 366 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 281
TABLE 367 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 281
TABLE 368 GCC COUNTRIES: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 281

TABLE 369 GCC COUNTRIES: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 282
TABLE 370 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 282
TABLE 371 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 282
TABLE 372 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 282
TABLE 373 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 283
TABLE 374 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 283
TABLE 375 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 284
TABLE 376 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 284
TABLE 377 GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2025–2031 (USD MILLION) 284
TABLE 378 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 285
TABLE 379 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 285
TABLE 380 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 286
TABLE 381 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 286
TABLE 382 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 286
TABLE 383 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 286
TABLE 384 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 287
TABLE 385 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 287
TABLE 386 KSA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 287
TABLE 387 KSA: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 288
TABLE 388 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 288
TABLE 389 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 288
TABLE 390 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 288
TABLE 391 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 289
TABLE 392 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 289
TABLE 393 KSA: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 289

TABLE 394 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 290
TABLE 395 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 290
TABLE 396 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 291
TABLE 397 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 291
TABLE 398 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 291
TABLE 399 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 291
TABLE 400 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 292
TABLE 401 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 292
TABLE 402 UAE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2019–2024 (USD MILLION) 292
TABLE 403 UAE: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM,
2025–2031 (USD MILLION) 293
TABLE 404 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 293
TABLE 405 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 293
TABLE 406 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 293
TABLE 407 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 294
TABLE 408 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 294
TABLE 409 UAE: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 294
TABLE 410 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 295
TABLE 411 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 295
TABLE 412 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 296
TABLE 413 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 296
TABLE 414 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 296
TABLE 415 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 296
TABLE 416 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 297
TABLE 417 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 297
TABLE 418 REST OF GCC COUNTRIES: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 297

TABLE 419 REST OF GCC COUNTRIES: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 298
TABLE 420 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 298
TABLE 421 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 298
TABLE 422 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 298
TABLE 423 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 299
TABLE 424 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 299
TABLE 425 REST OF GCC COUNTRIES: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 300
TABLE 426 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 301
TABLE 427 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 301
TABLE 428 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 301
TABLE 429 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 302
TABLE 430 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 302
TABLE 431 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 302
TABLE 432 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 303
TABLE 433 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 303
TABLE 434 SOUTH AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 303
TABLE 435 SOUTH AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 304
TABLE 436 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 304
TABLE 437 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 304
TABLE 438 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 304
TABLE 439 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 305
TABLE 440 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 305
TABLE 441 SOUTH AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 306
TABLE 442 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 306
TABLE 443 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 307

TABLE 444 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 307
TABLE 445 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 307
TABLE 446 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 307
TABLE 447 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 308
TABLE 448 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 308
TABLE 449 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 308
TABLE 450 REST OF MIDDLE EAST & AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 309
TABLE 451 REST OF MIDDLE EAST & AFRICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 309
TABLE 452 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 309
TABLE 453 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 309
TABLE 454 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 310
TABLE 455 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 310
TABLE 456 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 310
TABLE 457 REST OF MIDDLE EAST & AFRICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 311
TABLE 458 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 312
TABLE 459 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 312
TABLE 460 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 313
TABLE 461 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 313
TABLE 462 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 313
TABLE 463 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 313
TABLE 464 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 314
TABLE 465 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 314
TABLE 466 LATIN AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 314
TABLE 467 LATIN AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 315
TABLE 468 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 315

TABLE 469 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 315
TABLE 470 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 316
TABLE 471 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 316
TABLE 472 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 316
TABLE 473 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 317
TABLE 474 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2019–2024 (USD MILLION) 317
TABLE 475 LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY COUNTRY, 2025–2031 (USD MILLION) 317
TABLE 476 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 318
TABLE 477 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 318
TABLE 478 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 319
TABLE 479 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 319
TABLE 480 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 319
TABLE 481 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 319
TABLE 482 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 320
TABLE 483 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 320
TABLE 484 BRAZIL: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 320
TABLE 485 BRAZIL: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 321
TABLE 486 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 321
TABLE 487 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 321
TABLE 488 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 321
TABLE 489 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 322
TABLE 490 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 322
TABLE 491 BRAZIL: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 322
TABLE 492 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2019–2024 (USD MILLION) 323
TABLE 493 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2025–2031 (USD MILLION) 323

TABLE 494 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 324
TABLE 495 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 324
TABLE 496 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 324
TABLE 497 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 324
TABLE 498 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2019–2024 (USD MILLION) 325
TABLE 499 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2025–2031 (USD MILLION) 325
TABLE 500 MEXICO: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 325
TABLE 501 MEXICO: QUANTUM KEY DISTRIBUTION MARKET, BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 326
TABLE 502 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2019–2024 (USD MILLION) 326
TABLE 503 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY DEPLOYMENT MODE,
2025–2031 (USD MILLION) 326
TABLE 504 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2019–2024 (USD MILLION) 326
TABLE 505 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2025–2031 (USD MILLION) 327
TABLE 506 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2019–2024 (USD MILLION) 327
TABLE 507 MEXICO: QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2025–2031 (USD MILLION) 327
TABLE 508 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2019–2024 (USD MILLION) 328
TABLE 509 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SOLUTION, 2025–2031 (USD MILLION) 328
TABLE 510 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2019–2024 (USD MILLION) 329
TABLE 511 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM KEY DISTRIBUTION, 2025–2031 (USD MILLION) 329
TABLE 512 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2019–2024 (USD MILLION) 329
TABLE 513 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY QUANTUM RANDOM NUMBER GENERATOR, 2025–2031 (USD MILLION) 329
TABLE 514 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2019–2024 (USD MILLION) 330
TABLE 515 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2025–2031 (USD MILLION) 330
TABLE 516 REST OF LATIN AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2019–2024 (USD MILLION) 330
TABLE 517 REST OF LATIN AMERICA: QUANTUM KEY DISTRIBUTION MARKET,
BY TRANSMISSION MEDIUM, 2025–2031 (USD MILLION) 331
TABLE 518 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2019–2024 (USD MILLION) 331

TABLE 519 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY DEPLOYMENT MODE, 2025–2031 (USD MILLION) 331
TABLE 520 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 332
TABLE 521 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2025–2031 (USD MILLION) 332
TABLE 522 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2019–2024 (USD MILLION) 332
TABLE 523 REST OF LATIN AMERICA: QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2025–2031 (USD MILLION) 333
TABLE 524 OVERVIEW OF STRATEGIES ADOPTED BY QUANTUM CRYPTOGRAPHY
VENDORS, 2023–2025 334
TABLE 525 QUANTUM CRYPTOGRAPHY MARKET: DEGREE OF COMPETITION 337
TABLE 526 QUANTUM CRYPTOGRAPHY MARKET: REGIONAL FOOTPRINT 345
TABLE 527 QUANTUM CRYPTOGRAPHY MARKET: SOLUTION FOOTPRINT 346
TABLE 528 QUANTUM CRYPTOGRAPHY MARKET: SERVICE FOOTPRINT 347
TABLE 529 QUANTUM CRYPTOGRAPHY MARKET: VERTICAL FOOTPRINT 348
TABLE 530 QUANTUM CRYPTOGRAPHY MARKET: KEY STARTUPS/SMES 351
TABLE 531 QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (SOLUTION) 352
TABLE 532 QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (SERVICE) 353
TABLE 533 QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (VERTICAL) 354
TABLE 534 QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES (REGION) 355
TABLE 535 QUANTUM CRYPTOGRAPHY MARKET: PRODUCT LAUNCHES/ENHANCEMENTS, JANUARY 2023–NOVEMBER 2025 356
TABLE 536 QUANTUM CRYPTOGRAPHY MARKET: DEALS, JANUARY 2023–NOVEMBER 2025 358
TABLE 537 TOSHIBA: COMPANY OVERVIEW 362
TABLE 538 TOSHIBA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 363
TABLE 539 TOSHIBA: PRODUCT LAUNCHES AND ENHANCEMENTS 364
TABLE 540 TOSHIBA: DEALS 365
TABLE 541 NXP SEMICONDUCTORS: COMPANY OVERVIEW 368
TABLE 542 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 369
TABLE 543 NXP SEMICONDUCTORS: PRODUCT LAUNCHES AND ENHANCEMENTS 371
TABLE 544 NXP SEMICONDUCTORS: DEALS 371
TABLE 545 THALES: COMPANY OVERVIEW 374
TABLE 546 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 375
TABLE 547 THALES: PRODUCT LAUNCHES AND ENHANCEMENTS 378
TABLE 548 THALES: DEALS 378
TABLE 549 IDEMIA: COMPANY OVERVIEW 380
TABLE 550 IDEMIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 380
TABLE 551 IDEMIA: PRODUCT LAUNCHES AND ENHANCEMENTS 381
TABLE 552 IDEMIA: DEALS 382

TABLE 553 DIGICERT: COMPANY OVERVIEW 384
TABLE 554 DIGICERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 384
TABLE 555 DIGICERT: DEALS 385
TABLE 556 QUINTESSENCELABS: COMPANY OVERVIEW 386
TABLE 557 QUINTESSENCELABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 386
TABLE 558 QUINTESSENCELABS: DEALS 388
TABLE 559 QUANTUMCTEK: COMPANY OVERVIEW 389
TABLE 560 QUANTUMCTEK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 389
TABLE 561 ISARA: COMPANY OVERVIEW 392
TABLE 562 ISARA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 392
TABLE 563 ISARA: DEALS 393
TABLE 564 IBM: COMPANY OVERVIEW 394
TABLE 565 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 395
TABLE 566 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 399
TABLE 567 IBM: DEALS 400
TABLE 568 ID QUANTIQUE: COMPANY OVERVIEW 401
TABLE 569 ID QUANTIQUE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 401
TABLE 570 ID QUANTIQUE: PRODUCT LAUNCHES AND ENHANCEMENTS 406
TABLE 571 ID QUANTIQUE: DEALS 407
TABLE 572 MAGIQ TECHNOLOGIES: COMPANY OVERVIEW 409
TABLE 573 MAGIQ TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 409
TABLE 574 CRYPTA LABS: COMPANY OVERVIEW 410
TABLE 575 CRYPTA LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 410
TABLE 576 CRYPTA LABS: DEALS 411
TABLE 577 QASKY: COMPANY OVERVIEW 412
TABLE 578 QASKY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 413
TABLE 579 QUBITEKK: COMPANY OVERVIEW 414
TABLE 580 QUBITEKK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 415
TABLE 581 QUBITEKK: PRODUCT LAUNCHES AND ENHANCEMENTS 415
TABLE 582 QUBITEKK: DEALS 416
TABLE 583 NUCRYPT: COMPANY OVERVIEW 417
TABLE 584 NUCRYPT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 417
TABLE 585 QUANTUM XCHANGE: COMPANY OVERVIEW 419
TABLE 586 QUANTUM XCHANGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 419
TABLE 587 QUANTUM XCHANGE: PRODUCT LAUNCHES AND ENHANCEMENTS 420
TABLE 588 QUANTUM XCHANGE: DEALS 421
TABLE 589 EVIDEN: COMPANY OVERVIEW 422
TABLE 590 EVIDEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 422
TABLE 591 EVIDEN: PRODUCT LAUNCHES AND ENHANCEMENTS 423
TABLE 592 EVIDEN: DEALS 424
TABLE 593 RAMBUS: COMPANY OVERVIEW 425
TABLE 594 RAMBUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 426
TABLE 595 RAMBUS: PRODUCT LAUNCHES AND ENHANCEMENTS 426

TABLE 596 INFINEON TECHNOLOGIES: COMPANY OVERVIEW 427
TABLE 597 INFINEON TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 428
TABLE 598 INFINEON TECHNOLOGIES: DEALS 429
TABLE 599 FACTOR ANALYSIS 455
TABLE 600 ADJACENT MARKETS AND FORECASTS 458
TABLE 601 QUANTUM COMPUTING MARKET, BY OFFERING, 2021–2024 (USD MILLION) 459
TABLE 602 QUANTUM COMPUTING MARKET, BY OFFERING, 2025–2030 (USD MILLION) 459
TABLE 603 POST-QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING,
2023–2030 (USD MILLION) 459
TABLE 604 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2030 (USD MILLION) 459
TABLE 605 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2030 (USD MILLION) 460
TABLE 606 ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2015–2020 (USD MILLION) 460
TABLE 607 ENCRYPTION SOFTWARE MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 460
TABLE 608 ENCRYPTION SOFTWARE MARKET, BY APPLICATION, 2015–2020 (USD MILLION) 461
TABLE 609 ENCRYPTION SOFTWARE MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 461
TABLE 610 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE,
2015–2020 (USD MILLION) 461
TABLE 611 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 462
TABLE 612 ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE,
2015–2020 (USD MILLION) 462
TABLE 613 ENCRYPTION SOFTWARE MARKET, BY ORGANIZATION SIZE,
2021–2026 (USD MILLION) 462
TABLE 614 ENCRYPTION SOFTWARE MARKET, BY VERTICAL, 2015–2020 (USD MILLION) 462
TABLE 615 ENCRYPTION SOFTWARE MARKET, BY VERTICAL, 2021–2026 (USD MILLION) 463

LIST OF FIGURES

FIGURE 1 MARKET SCENARIO 49
FIGURE 2 QUANTUM CRYPTOGRAPHY MARKET, 2019–2031 49
FIGURE 3 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN QUANTUM CRYPTOGRAPHY MARKET, 2019–2025 50
FIGURE 4 DISRUPTIVE TRENDS IMPACTING GROWTH OF QUANTUM CRYPTOGRAPHY MARKET 51
FIGURE 5 HIGH-GROWTH SEGMENTS AND EMERGING FRONTIERS IN QUANTUM CRYPTOGRAPHY MARKET, 2025 52
FIGURE 6 EUROPE TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD 53
FIGURE 7 ADVANCEMENTS IN QUANTUM COMPUTING TO DRIVE DEMAND FOR QUANTUM CRYPTOGRAPHY 54
FIGURE 8 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 54
FIGURE 9 QUANTUM KEY DISTRIBUTION (QKD) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 55
FIGURE 10 DEPLOYMENT & INTEGRATION SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 55
FIGURE 11 FIBER-OPTIC CABLE TRANSMISSION SEGMENT TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 56
FIGURE 12 ON-PREMISES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 56
FIGURE 13 LARGE ENTERPRISES SEGMENT TO DOMINATE MARKET DURING
FORECAST PERIOD 57
FIGURE 14 DEFENSE & INTELLIGENCE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 57
FIGURE 15 EUROPE TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 58
FIGURE 16 QUANTUM CRYPTOGRAPHY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
FIGURE 17 QUANTUM CRYPTOGRAPHY MARKET: PORTER’S FIVE FORCES ANALYSIS 72
FIGURE 18 VALUE CHAIN ANALYSIS 77
FIGURE 19 QUANTUM CRYPTOGRAPHY MARKET: ECOSYSTEM ANALYSIS 79
FIGURE 20 AVERAGE SELLING PRICE OF KEY PLAYERS, BY SOLUTION, 2025 81
FIGURE 21 IMPORT DATA, BY KEY COUNTRY, 2020–2024 (USD MILLION) 82
FIGURE 22 EXPORT DATA, BY KEY COUNTRY, 2020–2024 (USD MILLION) 83
FIGURE 23 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 84
FIGURE 24 QUANTUM CRYPTOGRAPHY MARKET: FUNDING AND INVESTMENT 85
FIGURE 25 PATENTS APPLIED AND GRANTED IN QUANTUM CRYPTOGRAPHY
MARKET, 2015–2025 111
FIGURE 26 REGIONAL ANALYSIS OF PATENTS GRANTED IN QUANTUM
CRYPTOGRAPHY MARKET 112
FIGURE 27 FUTURE APPLICATIONS OF QUANTUM CRYPTOGRAPHY MANAGEMENT 113
FIGURE 28 QUANTUM CRYPTOGRAPHY MARKET: DECISION-MAKING FACTORS 127
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 127

FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 128
FIGURE 31 ADOPTION BARRIERS AND INTERNAL CHALLENGES 129
FIGURE 32 QUANTUM KEY DISTRIBUTION (QKD) SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 133
FIGURE 33 DEPLOYMENT & INTEGRATION SEGMENT TO LEAD MARKET DURING
FORECAST PERIOD 149
FIGURE 34 FIBER-OPTIC CABLE TRANSMISSION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 160
FIGURE 35 ON-PREMISES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 166
FIGURE 36 LARGE ENTERPRISES SEGMENT TO DOMINATE MARKET DURING
FORECAST PERIOD 171
FIGURE 37 DATA CENTERS SEGMENT TO REGISTER HIGHEST CAGR DURING
FORECAST PERIOD 176
FIGURE 38 EUROPE TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD 191
FIGURE 39 NORTH AMERICA: QUANTUM CRYPTOGRAPHY MARKET SNAPSHOT 193
FIGURE 40 EUROPE: QUANTUM CRYPTOGRAPHY MARKET SNAPSHOT 211
FIGURE 41 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2019–2024 (USD MILLION) 336
FIGURE 42 SHARE OF LEADING COMPANIES IN QUANTUM CRYPTOGRAPHY MARKET, 2024 337
FIGURE 43 QUANTUM CRYPTOGRAPHY MARKET: COMPARISON OF VENDOR BRANDS 340
FIGURE 44 QUANTUM CRYPTOGRAPHY MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 343
FIGURE 45 QUANTUM CRYPTOGRAPHY MARKET: COMPANY FOOTPRINT 344
FIGURE 46 QUANTUM CRYPTOGRAPHY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 350
FIGURE 47 QUANTUM CRYPTOGRAPHY MARKET: COMPANY VALUATION
OF KEY VENDORS (USD BILLION) 355
FIGURE 48 QUANTUM CRYPTOGRAPHY MARKET: FINANCIAL METRICS OF KEY VENDORS, 2025 356
FIGURE 49 TOSHIBA: COMPANY SNAPSHOT 363
FIGURE 50 NXP SEMICONDUCTORS: COMPANY SNAPSHOT 369
FIGURE 51 THALES: COMPANY SNAPSHOT 375
FIGURE 52 IBM: COMPANY SNAPSHOT 395
FIGURE 53 RAMBUS: COMPANY SNAPSHOT 425
FIGURE 54 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT 428
FIGURE 55 QUANTUM CRYPTOGRAPHY MARKET: RESEARCH DESIGN 449
FIGURE 56 QUANTUM CRYPTOGRAPHY MARKET: DATA TRIANGULATION 451
FIGURE 57 QUANTUM CRYPTOGRAPHY MARKET ESTIMATION: RESEARCH FLOW 452
FIGURE 58 APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OFFERED
BY QUANTUM CRYPTOGRAPHY VENDORS 453
FIGURE 59 APPROACH 2: SUPPLY-SIDE ANALYSIS 453
FIGURE 60 MARKET SIZE ESTIMATION METHODOLOGY (APPROACH 2): BOTTOM-UP
(DEMAND SIDE) — PRODUCTS/SOLUTIONS/SERVICES 454

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