The global enterprise quantum computing market size was valued at $ 1,370.82 Million in 2020, and is projected to reach $ 18,336.45 Million by 2030, growing at a CAGR of 29.7% from 2021 to 2030.
Quantum cryptographyalso known as quantum encryption applies principles of quantum mechanics to encrypt messages in a way that it is never read by anyone outside of the intended recipient.
Quantum computing is the use of quantum phenomena like entanglement and superposition to perform computation. It helps facilitate new discoveries in various sectors such as smart materials, healthcare, energy and others.
The global quantum-resistant cryptography solutions market was valued at $523.4 million in 2023, and is projected to reach $7,802.6 million by 2032, growing at a CAGR of 35% from 2024 to 2032.
