Post-Quantum Cryptography Market Recent Trends, Outlook, Size, Share, Top Companies, Industry Analysis, Future Development & Forecast - 2029

Post-Quantum Cryptography (PQC) Market by Solution (Quantum-safe Hardware, Quantum-resistant Encryption Products, Cryptographic Libraries, VPN, Authentication), Service (Migration Services, Quantum Risk Assessment) - Global Forecast to 2029
The Post-Quantum Cryptography (PQC) Market [https://www.marketsandmarkets.com/Market-Reports/post-quantum-cryptography-market-126986626.html?utm_campaign=postquantumcryptographymarket&utm_source=abnewswire.com&utm_medium=paidpr] is projected to grow significantly, increasing from USD 365.33 million in 2024 to USD 1,887.9 million by 2029, at an impressive Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. PQC providers develop advanced cryptographic algorithms designed to withstand threats posed by quantum computing, ensuring robust data security.

As quantum computing continues to evolve, quantum-resistant cryptography is emerging as a critical area within cybersecurity. Traditional cryptosystems may become vulnerable to quantum attacks, driving the urgent need for next-generation encryption methods. The rapid expansion of the PQC market is fueled by growing cybersecurity concerns, increasing adoption of quantum technologies, and the rising demand for secure encryption across industries such as finance, government, healthcare, and critical infrastructure.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126986626 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=126986626&utm_campaign=postquantumcryptographymarket&utm_source=abnewswire.com&utm_medium=paidpr]

Organizations find it urgent to embrace the early adoption of PQC solutions to protect their data against quantum attacks. The governments of many other countries have also started issuing regulatory mandates, putting billions of dollars into national security and different uses of PQC.

The uptake by industry was first identified in the financial services, healthcare, and technology verticals as quantum threats become more known to the public and demand for PQC increases, supported by education provided by technology providers and cybersecurity experts. As quantum computing develops, the urgency for PQC deployment will only increase, becoming a vital constituent of future cybersecurity strategies.

Based on the Organization Size, the Large Enterprises segment accounts for the highest market size during the forecast period.

During the forecast period, the PQC market will be dominated by large enterprises that can afford advanced security technologies and the protection of enormous amounts of sensitive data. Government agencies and large corporations drive this adoption to protect critical infrastructure from quantum computing threats by deploying sophisticated cryptographic solutions with their resources and competencies. The BFSI sector, considering the huge volumes of sensitive financial data being handled, is expected to be one of the biggest adopters of PQC.

By Vertical, IT & ITeS segment will grow at the highest CAGR during the forecasted period.

The IT & ITeS sector is expected to be the fastest-growing application in the PQC market since secure data transmission and the protection of sensitive information have huge requirements. Quantum computing poses a high threat to existing encryption methods, and hence, IT companies have rapidly started adopting PQC to secure their communication channels and cloud computing environments.

Additionally, cyber threats are soaring, and protection from such threats is one of the investments that keep going with the investment in quantum resistance encryption for intellectual assets. In addition, the provision of PQC to meet the high-level security standards set by the government keeps on emerging in sectors where IT companies are taking up projects that relate to the government in one way or another.

By region, Europe will grow at the highest CAGR during the forecast period.

The post-quantum cryptography market is expected to be led by Europe, growing at the highest rate, owing to strong government support, increasing concerns about cybersecurity, and a robust R&D ecosystem. The European government now sees cybersecurity as a priority and is channeling funds into PQC solutions.

Besides above, the advanced level of research institutions in this region, coupled with the early rate of adoption of technology, keeps feeding innovation in quantum-resistant cryptography. Key industries, such as critical infrastructure are rushing to implement PQC to protect sensitive data as cyber threats increase. The regulatory standardization process being worked out accelerates the adoption of PQC across Europe and places the region on a high growth track in the forecast period.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=126986626 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=126986626&utm_campaign=postquantumcryptographymarket&utm_source=abnewswire.com&utm_medium=paidpr]

Unique Features in the Post-Quantum Cryptography Market

One of the defining features of the Post-Quantum Cryptography (PQC) Market is the development of cryptographic algorithms that can resist attacks from quantum computers. Unlike traditional encryption methods, which rely on prime factorization or discrete logarithm problems, PQC algorithms leverage lattice-based, code-based, multivariate, and hash-based cryptographic techniques to offer superior security.

The National Institute of Standards and Technology (NIST) is leading global efforts to standardize post-quantum cryptographic algorithms. Their initiative has driven research and innovation in quantum-resistant encryption, encouraging organizations worldwide to adopt PQC solutions in preparation for the quantum era.

As the transition to full post-quantum cryptography takes time, the market is witnessing the rise of hybrid cryptographic solutions-which combine classical and post-quantum encryption to ensure a smooth transition while maintaining backward compatibility with existing systems.

PQC solutions are being tailored to protect high-stakes industries such as banking, healthcare, government, military, and telecommunications. These industries handle vast amounts of sensitive data, making them prime targets for quantum-based cyber threats.

With the increasing reliance on cloud computing and the Internet of Things (IoT), PQC providers are developing cryptographic techniques to secure cloud storage, connected devices, and IoT ecosystems against quantum-enabled cyberattacks.

Major Highlights of the Post-Quantum Cryptography Market

Organizations such as the National Institute of Standards and Technology (NIST), European Telecommunications Standards Institute (ETSI), and International Organization for Standardization (ISO) are actively working to standardize post-quantum cryptographic algorithms. These efforts will help businesses transition to PQC solutions before quantum computers render traditional encryption methods obsolete.

With advancements in quantum computing, traditional encryption methods such as RSA, ECC, and Diffie-Hellman key exchange are at risk of being broken by quantum attacks. This has led governments and enterprises to invest heavily in PQC solutions to ensure data security and regulatory compliance.

Major technology firms, including Google, IBM, Microsoft, and Intel, are leading investments in PQC research and development. These companies are actively working on developing quantum-resistant cryptographic algorithms and integrating them into their cloud, hardware, and software solutions.

The financial sector, healthcare, government agencies, and defense organizations are among the leading adopters of PQC solutions. These industries manage sensitive data, financial transactions, and classified communications, making quantum-safe encryption essential for their cybersecurity strategies.

The expansion of cloud computing, Internet of Things (IoT), and edge computing has led to growing concerns over data security. PQC solutions are being developed to secure cloud-based applications, IoT devices, and 5G networks against quantum threats.

As organizations transition towards a post-quantum future, hybrid encryption models that combine classical cryptography with quantum-safe algorithms are gaining traction. This allows for a smooth migration while ensuring resilience against potential quantum threats.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=126986626 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=126986626&utm_campaign=postquantumcryptographymarket&utm_source=abnewswire.com&utm_medium=paidpr]

Top Companies in the Post-Quantum Cryptography Market

NXP Semiconductor (Netherlands), 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).

NXP (Netherlands), a semiconductor powerhouse from the Netherlands, blazes the path with post-quantum cryptography regarding emerging threats related to the quantum of computing. NXP has invested in research and development to secure its products across automotive, industrial, IoT, mobile, and communications infrastructures. The company works directly with organizations setting standards, such as NIST, to help ease the emergence of PQC standards and ensure security solutions with confidence that they are future-proofed against quantum threats. With massive investment in PQC research and the development of leading-edge factories, NXP is at the forefront of secure, innovative solutions within its various industries, helping to shield against the built-in difficulties of the quantum era.

Palo Alto Networks (US) has emerged at the forefront of delivering quantum-resistant security and migration services. Palo Alto Networks, in quantum-proofing, has baked quantum resistance into some of its products, such as a Post-Quantum VPN and tools to help manage algorithms belonging to PQC. It has also participated in government-sponsored projects, such as the White House Quantum Security Roundtable and the NCCoE project, to devise a quantum readiness strategy. It has opened educational resources, including the "CISO's Guide to Quantum Security" video series, so that organizations can begin their journey toward quantum preparedness.

Thales (France) is a significant player in the post-quantum cryptography market, providing advanced encryption solutions designed to safeguard data against future quantum computing threats. Its offerings include quantum-resistant cryptographic algorithms and secure hardware solutions, helping organizations prepare for the evolving cybersecurity landscape.

AWS (US) is actively involved in the post-quantum cryptography market, offering solutions like AWS Quantum Computing and integration of quantum-safe algorithms into its cloud services. Its efforts focus on preparing businesses for the impact of quantum computing on encryption, ensuring data security through quantum-resistant cryptographic methods.

IDEMIA (France) is a key player in the post-quantum cryptography market, providing advanced security solutions that incorporate quantum-resistant encryption technologies. Its offerings focus on protecting sensitive data, identities, and transactions against the future risks posed by quantum computing, ensuring long-term cybersecurity resilience.

According to MnM's approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with post-quantum cryptography solutions and professional services, which would assist businesses in boosting market revenue.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=postquantum-cryptography-market-recent-trends-outlook-size-share-top-companies-industry-analysis-future-development-forecast-2029]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/post-quantum-cryptography-market-126986626.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.