Wednesday, June 24, 2009

Quantum cryptography: Global market to reach $842 Million by 2015

[PRWEB] The Quantum Cryptography technology is on the verge of becoming a vital tool for securing privacy and confidentiality of secret communications. Quantum cryptography will potentially find applications beyond government, military agencies, and research institutes to encompass several commercial entities including the large and medium-sized financial companies, police and gaming houses, public utilities, airports, and law and accountancy firms.

Quantum Key Distribution, otherwise quantum cryptography, applies laser beams that are encoded in a form to make any kind of interruption virtually impracticable while transmitting data. Bennett and Brassard's "BB94" and Charles Bennett's "B92" are the two popular QKD protocols. QKD, in its early years of growth would be primarily concentrated in North America and Europe. The UK, Germany, and France represent the most promising markets for quantum key distribution products in Europe. The market adoption rate for QKD products would essentially inflate in ensuing years, probably over next two to five years.

Global Quantum Cryptography Market to Reach $842 Million by 2015, According to a New Report by Global Industry Analysts

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