Updating quantum cryptography report
The vertical segment is categorized into BFSI, telecom and IT, government and defense, healthcare and life sciences, and consumer good and retail.
The quantum computing and quantum information technologies have brought in a potential threat to the current mechanism for information protection.
Furthermore, the rising adoption of cloud storage and computing technologies, and evolving next-generation wireless networks are driving the adoption of reliable quantum cryptography solutions and services.
The quantum cryptography server segment expected to hold the largest market size during the forecast period as servers are mainly used for data encryption and help maintain data secrecy.
Moreover, they provide high-quality encryption, key generation, and distribution.
In summary, RSA, Elliptic Curve Cryptography (ECDSA and ECDH) and Finite Field Cryptography (DSA) should be considered as no longer secure.
This gives rise to the need to look for a better and quantum competent level of cryptography versus conventional cryptography methods.
Owing to the advancements in quantum computing and quantum information theory, the quantum computer poses a challenge to prevailing techniques of cryptography.
Quantum computers can decode conventional cryptographic information in a short timeframe and poses a potential security threat to organizational data including bank account details, identity information, and other sensitive data.
has always witnessed a high number of identity thefts and fraud incidents, and as a result, it is driving organizations to more swiftly and proactively plan an enhanced adoption of new tools, services, and techniques for security provisions that accompany new technological implementation.