PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1927591
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1927591
The global quantum cryptography market size is projected to grow from USD 1.6 billion in 2025 to USD 10.2 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 35.7% during the forecast period.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2019-2031 |
| Base Year | 2024 |
| Forecast Period | 2025-2031 |
| Units Considered | Value (USD Million/ Billion) |
| Segments | By Solution, Service, Transmission Medium, Deployment Mode, Organization Size, Vertical, and Region |
| Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and Latin America |
The move toward software-defined quantum security is creating strong market momentum as enterprises and telecom operators integrate quantum-secure key management, QKD routing, and PQC controls into SDN and automated network orchestration platforms. This enables programmable quantum-security layers, dynamic key refresh, automated policy enforcement, and seamless integration of quantum-safe communication across multi-cloud, metro, and backbone networks. As networks become increasingly virtualized and distributed, the demand for software-driven, quantum-safe control planes continues to accelerate.

By organization size, the large enterprises segment accounts for the largest market share.
Large enterprises represent the largest market share in quantum cryptography because they manage vast communication networks, handle sensitive multi-regional operations, and must secure long-term data across distributed infrastructures. Industries such as global banking, cloud service providers, utilities, and aerospace rely on quantum-safe channels to protect cross-site traffic and high-value intellectual property. In 2024, a major European telecom operator completed a pilot using QKD to secure traffic between two core network sites, demonstrating how large organizations are integrating quantum-secure links into existing optical infrastructure. Large enterprises also lead adoption due to stringent internal security frameworks, dedicated cybersecurity teams, and the need to safeguard mission-critical systems from future quantum decryption threats, making them the primary drivers of real-world deployment.
By offering, the services segment is expected to account for the highest growth rate during the forecast period.
Cloud deployment is growing at the fastest rate as enterprises shift workloads to multi-cloud and hybrid environments, requiring quantum-safe protection for data-in-motion, APIs, and distributed applications. Cloud service providers are integrating PQC-ready key management, quantum-safe TLS, and QRNG-backed entropy services directly into their security stacks, allowing organizations to adopt quantum protection without deploying specialized hardware. In 2024, several global cloud vendors began testing PQC-enabled VPN gateways and quantum-secure inter-region links to support regulated industries. This momentum is driven by ease of scalability, rapid deployment, and the ability to extend quantum-safe communication across geographically dispersed environments, making cloud-based quantum security a preferred path for enterprises to modernize their infrastructure.
By region, North America is estimated to account for the largest market size.
The Asia Pacific quantum cryptography market is expanding rapidly due to strong government investment, national quantum-communication programs, and early commercial deployments. China continues to advance its large-scale QKD networks, including its multi-city quantum backbone and satellite-based quantum links, which were launched in recent years. Japan has been developing metro-level QKD testbeds with telecom operators since 2023, focusing on secure financial transactions and data-center interconnects. South Korea has integrated QKD into parts of its national telecom infrastructure and expanded pilot projects for 5G backhaul security in 2024. India also strengthened the market through its National Quantum Mission, announced in April 2023, which allocated approximately USD 726 million to accelerate QKD research, secure communication trials, and quantum network development. Across the region, strong public funding, technology partnerships, and telecom-driven deployments are accelerating real-world adoption of quantum-secure communication.
Breakdown of primaries
The key players in the quantum cryptography market include are Toshiba (Japan), Thales (France), DigiCert (US), NXP Semiconductors (Netherlands), ID Quantique (Switzerland), QuintessenceLabs (Australia), QuantumCTek (China), MagiQ Technologies (US), Crypta Labs (UK), Qasky (China), Qubitekk (US), Eviden (France), NuCrypt (US), Quantum Xchange (US), Infineon Technologies (Germany), Rambus (US), qutools (Germany), QNu Labs (India), Post-Quantum (UK), IBM (US), HPE (US), Crypto Quantique (UK), Qrypt (US), KETS Quantum Security (UK), PQShield (UK), Qubalt (Germany), VeriQloud (France), SSH Communications Security (Finland), HEQA Security (Israel), QuSecure (US), ISARA (Canada), Origin Quantum (China), Quantinuum (US), Kudelski Security (Switzerland), Fortanix (US), Q*Bird (Netherlands), and Quside (Spain).
The study includes an in-depth competitive analysis of the key players in the quantum cryptography market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the quantum cryptography market and forecasts its size by Solution (Quantum Key Distribution, Quantum Random Number Generator, Quantum-safe Cryptography, Quantum Key Management), Service (Deployment & Integration, Crypto Consulting, Support & Maintenance, PQC Integration & Migration, Training & Certification, Quantum as a Service, Security Assessment & Advisory), Transmission Medium (Fiber-optic Cable Transmission, Satellite-based Transmission), Deployment (On-premises, Cloud), Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Government and Defense, Healthcare, IT & ITeS, Automotive, Energy and Utilities, and Other Verticals), 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 Quantum Cryptography 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.