Post-Quantum Cryptography (PQC) Market Size & Insights
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. This high growth is primarily driven by rising cybersecurity risks, stakeholder collaborations, investments in PQC, and compliance mandates & standardization.
The PQC market is witnessing a rapid expansion due to a rising threat from cyberattacks that are growing in sophistication. IBM reported that the average cost of a data breach increased from USD4.45 million in 2023 to USD4.88 million in 2024.
What are the Key DROs in the Post-Quantum Cryptography (PQC) Market??
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.
What are the Key Segments in the Post-Quantum Cryptography (PQC) Market?
The Post-Quantum Cryptography (PQC) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Type
- Lattice-Based Cryptography
- Code-Based Cryptography
- Multivariate Cryptography
- Hash-Based Cryptography
- Others
Lattice-based cryptography is the dominant segment based on type, accounting for over 50% of pilot implementations in the Global Post-Quantum Cryptography (PQC) Market.
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
Boost Your Company’s Decisions by Getting a Free Sample Right Away- https://www.marknteladvisors.com/query/request-sample/post-quantum-cryptography-pqc-market.html
By End User
- BFSI
- Retail & E-commerce
- Healthcare
- Government and Defense
- IT & ITES
- Others
How does geographical analysis highlight in the Post-Quantum Cryptography (PQC) market?
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
North America is the dominant region in the Global Post-Quantum Cryptography (PQC) Market, with an estimated market share of about 40%. The region has a high market demand due to substantial public investment and compliance requirements across key sectors such as government and defense.
Who are the Key Players in Post-Quantum Cryptography (PQC) Market?
- 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 and others.
Browse Full Reports – https://www.marknteladvisors.com/research-library/post-quantum-cryptography-pqc-market.html
Post-Quantum Cryptography (PQC) Market News
- April 2025: AWS integrated Module-Lattice‑Based Key Encapsulation Mechanism (ML‑KEM) into its key management, certificate management, and sensitive information storage services, enabling hybrid PQC deployment in critical sectors.
- March 2025: IBM’s quantum-safe signature schemes advanced in NIST’s PQC process, demonstrating its contribution to PQC standardization efforts through industry collaborations.
Key pillars of the research methodology include:
- Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
- Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
- Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
- Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
“Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide,” said a spokesperson for MarkNtel Advisors.
Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
Gain exclusive access to our comprehensive insights on the Future of Post-Quantum Cryptography (PQC) Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.
Select a License That Matches Your Business Requirements with Instant Offer – https://www.marknteladvisors.com/pricing/post-quantum-cryptography-pqc-market.html
Our Trusted Experts Are Here to Help:
At MarkNtel Advisors, we are committed to delivering data-driven insights and strategic intelligence that empower your business decisions. Whether you have a question, need customized research, or want to explore partnership opportunities, our team is here to support you every step of the way.
Reach Us:
MarkNtel Advisors
Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
Visit our Website: https://www.marknteladvisors.com
We’re always open to sharing insights, exploring ideas. Follow us to stay updated on the latest news and industry trends.
