About Cryptographic Security
Cryptographic security is used to transfer a message between distant locations and to send information from one end to another end every system should include at least one encoding device at one location and one decoding device at a second location. Cryptographic security is basically a decoding and encoding technology that is available to protect the authentication and privacy of communication devices.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The leading market players those are contributing high market share and generating huge revenue are exploring various market growth opportunities by expanding their footprint in new geographical regions, or by acquisitions, expansions, R&D investments, new service launches and many other. The market leading players are discovering new growth areas through expansions and acquisitions across the globe to benefit from competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cryptographic Security market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Crypta Labs (England), IBM (United States), HP (United States), Id Quantique (Switzerland), Magiq Technologies (United States), NEC Corporation (Japan), Infineon (Germany), Mitsubishi (Japan), Nucrypt (United States) and Qutools (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Qasky (China), PQ Solutions (United States) and Qubitekk (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cryptographic Security market by and Region.
On the basis of geography, the market of Cryptographic Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Consulting Services will boost the Cryptographic Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. IT & Telecom will boost the Cryptographic Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organizations Size, the sub-segment i.e. Small and Medium Size Organizations will boost the Cryptographic Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hardware, the sub-segment i.e. Blade will boost the Cryptographic Security market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Investment in Technology Development
Market Growth Drivers:
Growing Requirement for Remote Access Security and Wireless Communication, Advancements are in the Internet and Advancement in Computers to Support Remote Computation
Challenges:
Lack of Expertise and Skilled Manpower
Restraints:
Complexity in Process
Opportunities:
Increase in Digitization Across Various Industries
Market Leaders and their expansionary development strategies
In May 2023, IBM to help automate cloud data protection with acquired of polar security. IBM is announcing it has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and software-as-a-service (SaaS) application data – and addresses the growing shadow data problem.
In September 2021, Crypta Labs has completed the Space Research and Innovation Network for Technology (SPRINT) project to develop a Quantum Random Number Generator for space which will facilitate quantum secure encryption of satellite data.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cryptographic Security Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.