Post-Quantum Cryptography (PQC) Market - By Type (Lattice-Based Cryptography, Code-Based Cryptography, Multivariate Cryptography, Hash-Based Cryptography, Others), By Solution (Quantum-Resistant Algor... ... ntum-Resistant Algorithms, Quantum-Safe Hardware, Quantum-Safe Cryptographic Libraries, Quantum-Safe Authentication Solutions, Quantum-Resistant Encryption Solutions, Quantum-Safe VPN, Email, Messaging, Quantum-Safe Blockchain Solutions), By Service (Design, Implementation, and Consulting, Migration Services, Quantum Risk Assessment), By Enterprise Size (Small & Medium Enterprises (SMEs), Large Enterprises), By End User (BFSI, Retail & E-commerce, Healthcare, Government and Defense, IT & ITES, Others), and others. Read more
- ICT & Electronics
- Aug 2025
- 190
- PDF, Excel, PPT
Market Definition
Post-Quantum Cryptography (PQC) refers to the development and implementation of security algorithms in accordance with developments in quantum computing (QC). Quantum computers possess vastly superior computing power compared to traditional computers, which counters the effectiveness of present-day security algorithms that are based on complex mathematical problems.
Market Insights and Analysis: Global Post-Quantum Cryptography (PQC) Market (2025-30):
The Global Post-Quantum Cryptography (PQC) Market size was valued at around USD 299 million in 2024 and is projected to reach USD 2,009 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. This high growth is primarily driven by rising cybersecurity risks, stakeholder collaborations, investments in PQC, and compliance mandates & standardization.
The PQC market is witnessing a rapid expansion due to a rising threat from cyberattacks that are growing in sophistication. IBM reported that the average cost of a data breach increased from USD4.45 million in 2023 to USD4.88 million in 2024. This number is even higher for critical industry sectors and is expected to rise with growing developments in QC. Cybercriminals are also stealing sensitive data to be decrypted later when they reach the required QC capabilities. This is necessitating the development of PQC algorithms that can resist such attacks, especially in sensitive sectors like finance and defense.
Market growth is further driven by collaboration among important industry stakeholders. Significant investments by public and private entities are contributing to the development of technological capabilities in PQC. Technology giants like Microsoft are partnering with institutions like the Massachusetts Institute of Technology (MIT) to co-develop PQC libraries and toolkits. Governments of leading economies are major contributors to investments in QC that have exceeded USD35 billion.
The size of the Post-Quantum Cryptography (PQC) Market is expected to rise further due to growing standardization and compliance mandates. The National Institute of Standards and Technology (NIST) in the United States is working to standardize PQC algorithms and finalized a set of three such algorithms in August 2024. The National Security Agency (NSA) has mandated the adoption of PQC for sensitive government agencies. The EU Cybersecurity Act is similarly pushing PQC integration in critical infrastructure in Europe. These initiatives are thus contributing to a strong demand in the Global Post-Quantum Cryptography (PQC) Market.
Global Post-Quantum Cryptography (PQC) Market Scope:
| Category | Segments |
|---|---|
| By Type | Lattice-Based Cryptography, Code-Based Cryptography, Multivariate Cryptography, Hash-Based Cryptography, Others, |
| By Solution | Quantum-Resistant Algorithms, Quantum-Safe Hardware, Quantum-Safe Cryptographic Libraries, Quantum-Safe Authentication Solutions, Quantum-Resistant Encryption Solutions, Quantum-Safe VPN, Email, Messaging, Quantum-Safe Blockchain Solutions, |
| By Service | Design, Implementation, and Consulting, Migration Services, Quantum Risk Assessment), By Enterprise Size (Small & Medium Enterprises (SMEs), Large Enterprises, |
| By End User | BFSI, Retail & E-commerce, Healthcare, Government and Defense, IT & ITES, Others), and others. |
Global Post-Quantum Cryptography (PQC) Market Driver:
Increasing Cybersecurity Risk Driving Market Demand – The growing development of QC capabilities is highlighting the increasing risk of depending on traditional security algorithms. It is expected that these capabilities could completely bypass existing cybersecurity frameworks in the coming decade or so. This is forcing organizations to rethink their security strategies and adopt PQC to counter the growing threat of sophisticated cyberattacks. Sensitive sectors are implementing PQC to upgrade their cybersecurity frameworks to make themselves resistant to these threats. This is exemplified in the testing of quantum-safe network communication protocols by JPMorgan Chase.
Organizations are switching to PQC algorithms to increase their responsiveness to a growing number of cyber threats enhanced by the use of AI. They are prioritizing this switch in response to the rising cost of these threats as a result of critical vulnerabilities. There has been a rapid increase in the frequency of ‘Harvest Now, Decrypt Later’ attacks in recent years due to long-term data sensitivity. The testing of PQC-integrated VPN protocols by Cisco and Microsoft is a prime example of this exposure. Initiatives to counter rising cybersecurity risks are thus driving strong demand in the Global Post-Quantum Cryptography (PQC) Market.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Post-Quantum Cryptography (PQC) Market Regulations, Policies & Standards
- Global Post-Quantum Cryptography (PQC) Market Trends & Developments
- Global Post-Quantum Cryptography (PQC) Market Dynamics
- Growth Drivers
- Challenges
- Global Post-Quantum Cryptography (PQC) Market Hotspots & Opportunities
- Global Post-Quantum Cryptography (PQC) Market Value Chain Analysis
- Global Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type
- Lattice-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Code-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Multivariate Cryptography– Market Size & Forecast 2020–2030, USD Million
- Hash-Based Cryptography– Market Size & Forecast 2020–2030, USD Million
- Others– Market Size & Forecast 2020-2030, USD Million
- By Solution
- Quantum-Resistant Algorithms– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Hardware– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Cryptographic Libraries– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Authentication Solutions– Market Size & Forecast 2020–2030, USD Million
- Quantum-Resistant Encryption Solutions– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe VPN, Email, Messaging– Market Size & Forecast 2020–2030, USD Million
- Quantum-Safe Blockchain Solutions– Market Size & Forecast 2020–2030, USD Million
- By Service
- Design, Implementation, and Consulting– Market Size & Forecast 2020–2030, USD Million
- Migration Services– Market Size & Forecast 2020–2030, USD Million
- Quantum Risk Assessment– Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size
- Small & Medium Enterprises (SMEs) – Market Size & Forecast 2020–2030, USD Million
- Large Enterprises– Market Size & Forecast 2020–2030, USD Million
- By End User
- BFSI– Market Size & Forecast 2020–2030, USD Million
- Retail & E-commerce– Market Size & Forecast 2020–2030, USD Million
- Healthcare– Market Size & Forecast 2020–2030, USD Million
- Government and Defense– Market Size & Forecast 2020–2030, USD Million
- IT & ITES– Market Size & Forecast 2020–2030, USD Million
- Others – Market Size & Forecast 2020–2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- By Type
- Market Size & Analysis
- North America Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size– Market Size & Forecast 2020–2030, USD Million
- By End User – Market Size & Forecast 2020–2030, USD Million
- By Country
- The US
- Canada
- Mexico
- The US Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Canada Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Mexico Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- South America Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Argentina Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Mounting Type – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Europe Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- By Country
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Germany Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- United Kingdom Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- France Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Italy Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Spain Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Middle East and Africa Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- By Country
- Saudi Arabia
- The UAE
- South Africa
- Rest of Middle East and Africa
- Saudi Arabia Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- The UAE Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- South Africa Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- China Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Japan Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- India Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- South Korea Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Australia Post-Quantum Cryptography (PQC) Market Outlook, 2020-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Type – Market Size & Forecast 2020–2030, USD Million
- By Solution- Market Size & Forecast 2020–2030, USD Million
- By Service – Market Size & Forecast 2020–2030, USD Million
- By Enterprise Size – Market Size & Forecast 2020–2030, USD Million
- By End-User – Market Size & Forecast 2020–2030, USD Million
- Market Size & Analysis
- Market Size & Analysis
- Global Post-Quantum Cryptography (PQC) Market Strategic Imperatives for Growth & Success
- Competition Outlook
- Company Profiles
- NXP Semiconductor
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Thales
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- AWS
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- IBM
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- IDEMIA
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Palo Alto Networks
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DigiCert
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Kloch Technologies, LLC
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- PQ Solutions Limited
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- PQShield Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Entrust Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Utimaco
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Crypto Quantique
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Crypto4A
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Cryptonext
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- QNU Labs
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- NXP Semiconductor
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
We’d love to understand what matters most to you.