Future of Global Post-Quantum Cryptography (PQC) Market: Key Dynamics, Size & Share Analysis
The 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. This high growth is primarily driven by rising cybersecurity risks, stakeholder collaborations, investments in PQC, and compliance mandates & standardization.
Top Market Challenges Impacting the Autonomous Global Post-Quantum Cryptography (PQC) Market Growth
Implementation Cost & Complexity Impeding Market Growth – The Post-Quantum Cryptography (PQC) Market faces challenges in the form of high cost and issues in implementing PQC protocols. Most organizations need to completely overhaul their existing systems because they are deeply integrated with current security algorithms. This involves upgrading hardware components and redeveloping software libraries to accommodate PQC protocols.
Understanding the Core Segments in the Global Post-Quantum Cryptography (PQC) Market
By Type (Lattice-Based Cryptography, Code-Based Cryptography, Multivariate Cryptography, Hash-Based Cryptography, Others), By Solution (Quantum-Resistant Algorithms, Quantum-Safe Hardware, Quantum-Safe Cryptographic Libraries, Quantum-Safe Authentication Solutions, Quantum-Resistant Encryption Solutions, Quantum-Safe VPN, Email, Messaging, Quantum-Safe Blockchain Solutions), By Service (Design, Implementation, and Consulting, Migration Services, Quantum Risk Assessment), By Enterprise Size (Small & Medium Enterprises (SMEs), Large Enterprises), By End User (BFSI, Retail & E-commerce, Healthcare, Government and Defense, IT & ITES, Others), and others
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Who Dominates the Autonomous Global Post-Quantum Cryptography (PQC) Market Insights on Key Industry Players?
Companies are strengthening their presence in the Post-Quantum Cryptography (PQC) market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- 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
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