PUBLISHER: Grand View Research | PRODUCT CODE: 1750836
PUBLISHER: Grand View Research | PRODUCT CODE: 1750836
The global post-quantum cryptography market size was estimated at USD 1.15 billion in 2024 and is expected to grow at a CAGR of 37.6% from 2025 to 2030. The post-quantum cryptography (PQC) market is influenced primarily by the growing awareness of the vulnerabilities in existing cryptographic systems posed by the advancement of quantum computing.
Organizations across sectors such as finance, healthcare, government, and telecommunications recognize the urgent need to protect sensitive data from quantum-enabled cyber threats. This heightened concern drives demand for quantum-resistant encryption methods, supported by ongoing research, development, and collaborations among technology providers and standards bodies such as NIST. Moreover, increasing cyberattack incidents and data breaches compel organizations to adopt stronger security measures to resist future quantum threats. Regulatory initiatives and government investments play a significant role by promoting standardization and mandating the use of quantum-safe cryptography in critical sectors such as defense, finance, and public safety.
The rising volume of sensitive data generated by IoT, 5G, and cloud computing also necessitates scalable and resilient encryption solutions, making PQC an essential component of modern cybersecurity infrastructure. In addition, integrating PQC with emerging technologies such as edge computing and network slicing is vital to maintaining low latency and high security in next-generation networks. Furthermore, continuous technological advancements and strategic industry efforts are leading to market expansion, enhancing the practicality and performance of PQC solutions.
Innovations in quantum-resistant algorithms and hybrid cryptographic models enhance the practicality and performance of these solutions. Collaborations between private companies, governments, and research institutions accelerate the development and deployment of these technologies. For instance, in February 2024, the Linux Foundation launched the Post-Quantum Cryptography Alliance (PQCA), an open collaborative initiative to promote and advance the adoption of PQC. The alliance unites researchers, developers, and industry leaders to address the security challenges caused by quantum computing. As organizations prepare for the eventual impact of quantum computing on data security, integrating PQC into existing systems becomes critical, driving sustained investment and adoption across multiple industries worldwide.
Global Post-Quantum Cryptography Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global post-quantum cryptography market report based on the type, solution, services, enterprise size, vertical, and region: