Global Quantum Cryptography Market Trends

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Global Quantum Cryptography Market Size, Share, and Trends Analysis Report Trends

  • Semiconductors and Electronics
  • Feb 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Integration with Post-Quantum Cryptography Standards and Government Initiatives

  • A significant trend in the quantum cryptography market is the adoption of post-quantum cryptography (PQC) standards to counteract the potential threats posed by quantum computers to current encryption methods.
  • For instance, in August 2024, the National Institute of Standards and Technology (NIST) released the first three finalized PQC standards: FIPS 203, FIPS 204, and FIPS 205. These standards aim to provide quantum-resistant encryption algorithms to secure data against future quantum attacks.
  • The UK's National Cyber Security Centre (NCSC) has advised organizations to transition to post-quantum cryptography by 2035, emphasizing the need for proactive measures to safeguard against quantum-enabled cyber threats.
  • Companies like Toshiba Europe have demonstrated practical implementations of quantum key distribution (QKD) over existing telecom networks, achieving secure quantum-encrypted communication over 254 km without the need for specialized infrastructure.
  • These developments indicate a growing focus on integrating quantum-resistant technologies into existing systems to enhance cybersecurity resilience.