Driven by Rising Cybersecurity Risks, Global Post-Quantum Cryptography (PQC) Market to Reach USD2,009 Million by 2030

• Overview
• Table of Content
• Research Methodology
• Download Free Sample

Global Post-Quantum Cryptography (PQC) Market Overview, Trends, Size and Forecast: 2025-2030

The Global Post-Quantum Cryptography (PQC) Market size was valued at around USD299 million in 2024 and is projected to reach USD2,009 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, cites MarkNtel Advisors in the recent research report. The important factors driving this high growth are a growing risk of sophisticated cybersecurity threats, collaborations and investments in the PQC industry, and standardization and regulations in PQC deployments.

Cybersecurity threats are becoming more sophisticated due to developments in quantum computing (QC) capabilities. Cybercriminals are thus able to bypass traditional cybersecurity measures and cause greater harm in terms of cost to organizations. This is highlighted in a report by IBM that found that the average cost of a data breach increased from USD4.45 million in 2023 to USD4.88 million in 2024. This is leading to a strong market demand because organizations are rapidly deploying PQC systems to counter these risks.

Moreover, market demand is increasing because of collaborations between industry stakeholders and growing investments in PQC R&D. Companies are collaborating with government agencies and research institutions to enhance technical capabilities. These entities are contributing to capability enhancement through significant investments, which are mainly driven by government funding. The development of standards by agencies like the National Institute of Standards and Technology (NIST) through industry participation is further contributing to market growth, along with compliance requirements by governments in major markets.

Although the market faces a considerable challenge in the form of high cost and complexity of PQC implementation, strong market growth in the coming years is supported by integration with digital infrastructure and cloud-based deployments, further states the research report, “Global Post-Quantum Cryptography (PQC) Market Analysis, 2025.”

Global Post-Quantum Cryptography (PQC) Market Segmentation Insights:

Design, Implementation, and Consulting Holding the Largest Market Share

Based on service, the market is further segmented into design, implementation, & consulting, migration services, and quantum risk assessment. Among these, design, implementation, & consulting is the dominant segment, with its market share estimated to be around 45%. The segment has a high demand because standard PQC solutions available in the market are not able to meet the complex requirements of organizations.

Market demand is also there because organizations need guidance on migrating from legacy systems to PQC-based systems. Most organizations outsource PQC integration to consulting firms and managed security service providers as they lack well-trained employees. Leading consulting firms like Deloitte and Accenture have set up dedicated quantum security practices that offer services to these organizations. They are paying USD 3-7 million for PQC project guidance to firms that are overseeing the implementation process. Market demand is thus likely to grow further as more organizations start these projects and migrate to PQC systems.

Global Post-Quantum Cryptography (PQC) Market Regional Analysis:

North America is the Epicenter of the Global PQC Industry

North America dominates the other regions in the market with a share of about 40% because of heavy public funding and mandates for PQC implementation in sensitive sectors like government and defense.

Governments of countries like the US and Canada are funding PQC research and development. The US has invested over USD1.2 billion in R&D over the last five years, while Canada has similarly committed to investing around USD260 million through its National Quantum Strategy. Government agencies like NIST are contributing to market demand by funding PQC pilot projects in communications and defense. The share of the PQC market in the region is growing further because of regulations that mandate PQC migration for government agencies and systems.

Top Companies in the Global Post-Quantum Cryptography (PQC) Market

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading Post-Quantum Cryptography (PQC) Market companies, including 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, are looking forward to increase their market size & share.

Key Questions Answered in the Research Report

1. What is the scope, size, value, and forecast of the Post-Quantum Cryptography (PQC) Market?
2. What is the volume and share of each segment in the Post-Quantum Cryptography (PQC) Market?
3. What are the key trends shaping the Post-Quantum Cryptography (PQC) Market from 2025 to 2030?
4. What growth factors and risks impact the Post-Quantum Cryptography (PQC) Market?
5. What are the main challenges faced by players in the Post-Quantum Cryptography (PQC) Market?
6. What are the top opportunities in the Post-Quantum Cryptography (PQC) Market?
7. What does competitive analysis reveal about the Post-Quantum Cryptography (PQC) Market landscape?
8. Who are the key players and companies leading the Post-Quantum Cryptography (PQC) Market?
9. What innovations are transforming the future dynamics of the Post-Quantum Cryptography (PQC) Market?
10. How are partnerships and collaborations driving the Post-Quantum Cryptography (PQC) Market growth?
11. How does the Post-Quantum Cryptography (PQC) Market differ based on geography and segments?