The Global Post-Quantum Cryptography (PQC) Market size was valued at around USD 299 million in 2024 and is projected to reach USD 2,009 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 48% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Post-Quantum Cryptography (PQC) Market Driver:
Increasing Cybersecurity Risk Driving Market Demand – The growing development of QC capabilities is highlighting the increasing risk of depending on traditional security algorithms. It is expected that these capabilities could completely bypass existing cybersecurity frameworks in the coming decade or so. This is forcing organizations to rethink their security strategies and adopt PQC to counter the growing threat of sophisticated cyberattacks. Sensitive sectors are implementing PQC to upgrade their cybersecurity frameworks to make themselves resistant to these threats. This is exemplified in the testing of quantum-safe network communication protocols by JPMorgan Chase.
Organizations are switching to PQC algorithms to increase their responsiveness to a growing number of cyber threats enhanced by the use of AI. They are prioritizing this switch in response to the rising cost of these threats as a result of critical vulnerabilities. There has been a rapid increase in the frequency of ‘Harvest Now, Decrypt Later’ attacks in recent years due to long-term data sensitivity. The testing of PQC-integrated VPN protocols by Cisco and Microsoft is a prime example of this exposure. Initiatives to counter rising cybersecurity risks are thus driving strong demand in the Global Post-Quantum Cryptography (PQC) Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Post-Quantum Cryptography (PQC) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Lattice-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Code-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Multivariate Cryptography– Market Size & Forecast 2020–2030, USD Million
- Hash-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Others– Market Size & Forecast 2020-2030, USD Million
- By Solution
- Quantum-Resistant Algorithms– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Hardware– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Cryptographic Libraries– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Authentication Solutions– Market Size & Forecast 2020–2030, USD Million
- Quantum-Resistant Encryption Solutions– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe VPN, Email, Messaging– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Blockchain Solutions– Market Size & Forecast 2020–2030, USD Million
- By Service
- Design, Implementation, and Consulting– Market Size & Forecast 2020–2030, USD Million
- Migration Services– Market Size & Forecast 2020–2030, USD Million
- Quantum Risk Assessment– Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size
- Small & Medium Enterprises (SMEs) – Market Size & Forecast 2020–2030, USD Million
- Large Enterprises– Market Size & Forecast 2020–2030, USD Million
- By End User
- BFSI– Market Size & Forecast 2020–2030, USD Million
- Retail & E-commerce– Market Size & Forecast 2020–2030, USD Million
- Healthcare– Market Size & Forecast 2020–2030, USD Million
- Government and Defense– Market Size & Forecast 2020–2030, USD Million
- IT & ITES– Market Size & Forecast 2020–2030, USD Million
- Others – Market Size & Forecast 2020–2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – NXP Semiconductor, Thales, AWS, IBM, IDEMIA, Palo Alto Networks, DigiCert, Kloch Technologies, LLC, PQ Solutions Limited, PQShield Ltd., Entrust Corporation, Utimaco, Crypto Quantique, Crypto4A, Cryptonext, QNU Labs looking forward to strengthening their market positions.
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