PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1840919
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1840919
The global post-quantum cryptography (PQC) market size is projected to grow from USD 0.42 billion in 2025 to USD 2.84 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 46.2% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2023-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/USD Billion) |
Segments | By Offering, Organization Size, Vertical, and Region |
Regions covered | North America, Europe, Asia Pacific, and Rest of the World |
The adoption of PQC is increasingly driven by insurance and risk management requirements, as organizations aim to comply with evolving cyber regulations, satisfy quantum-resilient coverage standards, mitigate potential liabilities, and ensure the long-term protection of sensitive and critical data, thereby reducing exposure to future quantum-enabled cyberattacks and breaches.
"By solution, the quantum-safe hardware segment accounts for the largest market share."
Quantum-safe hardware represents a critical advancement in the PQC solutions market, focusing on embedding quantum-resistant encryption directly into devices and systems to protect against future quantum-enabled attacks. Advancements include hardware modules and processors capable of executing NIST-approved PQC algorithms such as Kyber and Dilithium, offering faster and more reliable cryptographic operations than software-only implementations. These innovations enable secure data storage, protected communications, and authentication for enterprise systems, cloud platforms, and connected devices, ensuring information remains intact even against the computational power of quantum technologies. Key applications include safeguarding financial transactions, securing cloud and enterprise databases, and protecting sensitive client and intellectual property data in IT services. The integration of quantum-resistant capabilities at the hardware level enhances overall system security, reduces potential vulnerabilities, and supports compliance with emerging industry standards, driving wider adoption across sectors that prioritize long-term digital protection.
By vertical, the IT & ITeS segment will account for the highest growth rate during the forecast period."
Post-quantum cryptography (PQC) is becoming increasingly important for the IT & ITeS sector as organizations seek to protect critical digital assets, enterprise applications, cloud infrastructures, and client data from potential quantum-enabled cyberattacks that could compromise conventional encryption methods, such as RSA and ECC. In this sector, PQC can be applied to secure cloud services, virtual private networks (VPNs), API communications, and software-as-a-service (SaaS) platforms, ensuring end-to-end data confidentiality and integrity. It also supports quantum-resistant authentication for enterprise applications, secure database transactions, and the protection of intellectual property and client records in outsourcing and managed services environments. Surveys indicate that about 50% of IT & ITeS companies are actively developing PQC strategies, 22% are running pilot projects, and 12% are training their workforce for quantum-safe operations. A notable example is IBM, which has implemented NIST-recommended PQC algorithms, such as Kyber and Dilithium, in its Db2 database to protect enterprise workloads, demonstrating the practical integration of quantum-safe methods. Global initiatives, such as IBM's quantum computing center in Amaravati, featuring a 156-qubit Heron processor, further underscore industry efforts to advance the research and operational deployment of quantum-resilient technologies, reinforcing the IT & ITeS sector's commitment to long-term security and service reliability.
"By region, North America is estimated to account for the largest market size."
In North America, post-quantum cryptography (PQC) is gaining momentum as organizations work to secure digital infrastructures against the emerging threats posed by quantum computing. Despite progress, nearly 48% of enterprises remain unprepared for quantum-related cybersecurity risks, according to ITPro. Major players, including IBM, Microsoft, Google, Amazon Web Services (AWS), and NXP Semiconductors, are advancing PQC solutions, which incorporate NIST-approved algorithms such as Kyber and Dilithium, to protect data and communications against quantum-enabled attacks. PQC adoption spans critical use cases across the financial sector, where it secures transactions and client data; healthcare, where it protects electronic medical records; government agencies safeguarding classified information; and connected devices in IoT networks. In the US, initiatives such as the National Institute of Standards and Technology (NIST) Post-Quantum Cryptography project and the Quantum Economic Development Consortium (QED-C) are driving research, testing, and standardization of quantum-resistant algorithms. Canada is also fostering PQC development through programs like the Canadian Institute for Advanced Research (CIFAR) Quantum Information Science initiative, which promotes collaboration between academia and industry. The continued development, pilot projects, and public-private collaborations highlight North America's proactive approach to integrating quantum-safe technologies and ensuring long-term cybersecurity resilience against future quantum threats.
Breakdown of primaries
The key players in the post-quantum cryptography (PQC) market include are NXP Semiconductor (Netherlands), Patero (US), Thales (France), AWS (US), IDEMIA (France), Palo Alto Networks (US), DigiCert (US), Kloch (US), Post-Quantum (UK), PQ Shield (US), Entrust (US), IBM (US), Utimaco (Germany), Crypto Quantique (US), Crypto4A (Canada), CryptoNext (France), Qnu Labs (India), Qrypt (US), Enquantum (Israel), Xiphera (Finland), Sixscape (Singapore), Keyfactor (US), ResQuant (Poland), Rambus (US), Archon (British Virgin Island), Riscure (Netherlands), Quantum Xchange (US), Arqit (UK), Quantropi (Canada), and others.
The study includes an in-depth competitive analysis of the key players in the post-quantum cryptography (PQC) market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the post-quantum cryptography (PQC) market and forecasts its size by offering (Solutions (Quantum-safe Hardware, Quantum-resistant Algorithm, Quantum-safe Cryptographic Libraries, Quantum-safe VPN, Email Services, and Messaging Systems, Quantum-safe Blockchain Solutions, Quantum-safe Authentication Solutions, Quantum-resistant Encryption Solutions), Services (Design, Implementation, and Consulting, Migration Services, Quantum Risk Assessment)), Organization Size (Large Enterprises, SMEs), Vertical (Banking, Financial Services, and Insurance (BFSI), Government & Defense, Healthcare, IT, ITeS, Telecom, Retail & E-commerce, Other Verticals (Automotive, Telecom, Energy & Utilities, Media & Entertainment, Transportation & Logistics, and Education) and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall post-quantum cryptography (PQC) market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights into better positioning their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
lack of standardized algorithms), opportunities (Early development of new products and services provides a competitive edge, government and defense contracts, migration to post-quantum cryptography, sensitive data handling for various industry verticals, PQC Integration in Blockchain Networks, advancements in high-performance computing architectures)