PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2174825
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 2174825
The post-quantum cryptography (PQC) market is projected to grow from USD 0.60 billion in 2026 to USD 3.80 billion by 2031, registering a CAGR of 44.5% during the forecast period. Increasing cybersecurity risks, the modernization of digital infrastructure, and the need to protect long-lived sensitive information are encouraging organizations to reassess their cryptographic environments.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2022-2031 |
| Base Year | 2025 |
| Forecast Period | 2026-2031 |
| Units Considered | USD Billion |
| Segments | Offering, Organization Size, Vertical, and Region |
| Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
In a July 2026 ITPro report covering DigiCert research, 85% of surveyed IT and security leaders believed quantum computing could compromise existing security standards within a decade, while only 7% reported deploying quantum-safe certificates. The report also found that nearly nine in ten respondents were planning, testing, or implementing PQC initiatives. These findings highlight the gap between awareness and implementation, creating opportunities for quantum-safe solutions, cryptographic discovery tools, migration management software, and specialized implementation services.

"By offering, the services segment is expected to witness the highest CAGR during the forecast period."
Organizations require specialized services to identify vulnerable cryptographic assets, assess migration priorities, and integrate quantum-resistant technologies across legacy systems, cloud platforms, and enterprise networks. Design and consulting services support migration planning, while implementation and migration services help upgrade applications, certificates, and communication protocols. Quantum risk assessments enable organizations to evaluate exposure and prioritize critical systems. According to DigiCert's 2026 Quantum Readiness Outlook, 87% of surveyed organizations were planning, testing, or implementing PQC initiatives, but only 7% had deployed quantum-safe or hybrid certificates at scale. This gap highlights the need for specialized expertise to translate readiness plans into practical deployments.
"By organization size, the large enterprises segment is projected to hold the largest market share in 2026."
Large enterprises face complex PQC migration requirements because cryptographic assets are distributed across legacy applications, cloud platforms, networks, digital certificates, and third-party systems. These environments require coordinated asset discovery, risk prioritization, interoperability testing, and phased deployment. DigiCert's 2026 Quantum Readiness Outlook found that 87% of surveyed organizations were planning, testing, or implementing PQC initiatives, while only 7% had deployed quantum-safe or hybrid certificates at scale. This gap highlights the implementation challenges organizations face when moving from readiness planning to deployment. Large enterprises are expected to require cryptographic discovery tools, centralized key management, quantum-safe security solutions, and specialized migration services to modernize infrastructure while maintaining operational continuity.
"By region, Europe is expected to grow at the highest CAGR during the forecast period."
Europe's PQC market is expected to expand as governments and critical infrastructure operators prepare for the transition to quantum-resistant cryptography. In June 2025, EU member states adopted a coordinated implementation roadmap recommending that all member states begin transitioning to PQC by the end of 2026, with high-risk use cases transitioned as soon as possible and no later than the end of 2030. These milestones are expected to accelerate cryptographic assessments, migration planning, and deployment across public administration, financial services, telecommunications, and other critical sectors. Organizations will need to identify vulnerable cryptographic assets, evaluate technology dependencies, test interoperability, and plan phased upgrades. This is expected to increase demand for cryptographic discovery tools, quantum-safe identity solutions, key management, secure communications, and specialized migration services as European organizations prepare for the region's coordinated transition targets.
Breakdown of Primaries
Major vendors in the PQC market include NXP Semiconductors (Netherlands), Thales (France), AWS (US), IDEMIA (France), Palo Alto Networks (US), ST Engineering (Singapore), DigiCert (US), Kloch (US), Patero (US), Post-Quantum (UK), PQShield (UK), Entrust (US), IBM (US), QNu Labs (India), Utimaco (Germany), JISA Softech (India), pQCee (Singapore), Quantum XChange (US), Keysight Technologies (US), Quantropi (Canada), Arqit (UK), Crypto Quantique (UK), Crypto4A (Canada), CryptoNext Security (France), Qrypt (US), EnQuantum (Israel), Xiphera (Finland), Sixscape (Singapore), Keyfactor (US), ResQuant (Poland), and Rambus (US). The study includes an in-depth competitive analysis of the key players in the PQC market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the PQC market and forecasts its size based on offering (solutions (quantum-safe hardware, PQC cryptographic software, libraries, SDKs & IP, cryptographic discovery, risk & migration management software, quantum-safe PKI, digital signatures & identity security solutions, quantum-safe key management & cryptographic infrastructure, quantum-safe network & communication security solutions, PQC application, firmware & device security solutions, and other specialized PQC solutions), services (design, implementation & consulting, migration services, and quantum risk assessment)), organization size (large enterprises, SMEs), vertical (BFSI, government & defense, healthcare, IT & ITES, retail & e-commerce, and other verticals (automotive, telecommunications, 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, including company profiles, key observations on product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants with the closest available revenue estimates for the overall PQC market and its subsegments. This report helps stakeholders understand the competitive landscape and gain insights to better position their businesses and plan effective go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Analysis of critical drivers (Integration of quantum-resistant cryptographic algorithms, Adoption of hybrid PQC mechanisms, Growing awareness of cybersecurity and data privacy, Increasing concerns about quantum computing threats, Rising demand for cryptographic modernization, Collaboration between industry, academia, and government), restraints (High PQC implementation and migration costs, Complexity of upgrading legacy cryptographic infrastructure), opportunities (PQC integration in blockchain networks, Quantum-safe protection for connected devices, Development of quantum-safe cryptographic products, Government and defense migration initiatives, Cryptographic discovery and migration management, Quantum-safe solutions for critical infrastructure), and challenges (Larger key sizes and potential performance impacts, Integration with existing cryptographic systems, Compatibility and interoperability issues, Shortage of specialized PQC expertise).