Rising Cybersecurity Threats Fueling the Growth of the Market due to Increasing Frequency and Impact of Cyberattacks: Key Factor Driving The Growth In The Post-Quantum Cryptography (PQC) Market

Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.

What Is the Expected Post-Quantum Cryptography (PQC) Market Size During the Forecast Period?
In recent times, the market size for post-quantum cryptography (PQC) has seen significant growth. Projections show a jump from $0.46 billion in 2024 to $0.68 billion in 2025, denoting a compound annual growth rate (CAGR) of 30.8%. This historic growth trend is a result of the heightened demand for foolproof communication, the mounting necessity of defending against quantum threats, increasing governmental and regulatory backing, the rising need to secure confidential data, and the surging adoption of cloud-based services.

In the coming years, there is an anticipation of a significant surge in the market size of post-quantum cryptography(PQC), with a projection of a growth to $1.72 billion in 2029 at a compound annual growth rate (CAGR) of 30.4%. This upward trend in the expected period is largely due to the increasing instances of cyberattacks, advancements in quantum research, heightened consciousness about data confidentiality, the rising interest in user-friendly financial services, and an escalated demand for secure Internet of Things (IoT) devices. The forecasted period is likely to witness trends such as the development of new cryptographic algorithms, progress in quantum technology, increased focus on cybersecurity for the future, product innovation, and notable strides in quantum computing.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/customise?id=23801&type=smp

What Are the High-Growth Segments in the Post-Quantum Cryptography (PQC) Market?
The post-quantum cryptography (PQC) market covered in this report is segmented -

1) By Category: Solution, Service
2) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
3) By Security Application: Network Security, Application Security
4) By End User: Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare, Information Technology And Information Technology Enabled Services, Retail And E-Commerce

Subsegments:
1) By Solution: Software-Based Encryption, Hardware-Based Encryption, Key Management Systems, Quantum Key Distribution (QKD), Digital Signatures
2) By Service: Consulting Services, Deployment And Integration, Support And Maintenance, Training And Education, Managed Security Services

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23801&type=smp

What Key Drivers Are Expected to Influence Future Post-Quantum Cryptography (PQC) Market Growth?
The surge in concerns about cybersecurity is predicted to stimulate the expansion of the post-quantum cryptography (PQC) market. Cybersecurity is centered around protecting information, networks, and computer systems from unauthorized access, potential harm, and cyber threats. The rise in cybersecurity worries stems from frequent, sophisticated cyber hacks which capitalize on weaknesses in the system, leading to significant financial and reputational consequences. Post-quantum cryptography (PQC) reinforces cybersecurity by creating encryption algorithms resistant to the computational ability of quantum computers. It secures sensitive data and communication in a world aided by quantum technology. PQC is crucial in defending existing and future systems from potential attacks based on quantum technology. For instance, as stated by the Internet Crime Complaint Center (IC3), a center in the US for registering cybercrimes, the American public filed 880,418 cybercrime complaints in December 2023, leading to financial losses projected to be over $12.5 billion. This is a nearly 10% increase in complaints and a 22% rise in reported losses compared to 2022. Hence, the surge in cybersecurity issues fuels the expansion of the post-quantum cryptography (PQC) market.

Which Companies Hold the Largest Share Across Different Post-Quantum Cryptography (PQC) Market Segments?
Major companies operating in the post-quantum cryptography (PQC) market are International Business Machines Corporation, Toshiba Corporation, Thales Group, Infineon Technologies AG, NXP Semiconductors, Amazon Web Services, Palo Alto Networks Inc., IDEMIA Group, Entrust Corporation, Rambus Inc., DigiCert Inc., ID Quantique SA, PQShield Ltd., Qrypt Inc., Qnu Labs Pvt. Ltd., Crypto4A Technologies Inc., Cryptonext Security, Xiphera Oy, Crypto Quantique Ltd., Post-Quantum Ltd.

Key players operating within the post-quantum cryptography (PQC) market are placing emphasis on creating innovative products like cybersecurity software, with the goal of bolstering data safeguarding against threats posed by quantum computing. These cybersecurity software are essentially programs armed with tools such as firewalls, antivirus software, encryption, and intrusion detection to offer maximum data security and preserve privacy. For example, QuSecure Inc., a software firm based in the U.S., rolled out QuProtect - a cybersecurity software based on post-quantum cryptography - in December 2023. This cybersecurity solution provides quantum-resistant encryption to fend off present and upcoming quantum dangers, providing all-round protection across various landscapes. Organizations reap benefits from this software through assured protection of data in the future, effortless integration, and support for compliance, making it a potent protective shield against new cyber threats.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/post-quantum-cryptography-pqc-global-market-report

What Are the Emerging Geographies for The Post-Quantum Cryptography (PQC) Market Growth?
North America was the largest region in the post-quantum cryptography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the post-quantum cryptography (PQC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Post-Quantum Cryptography (PQC) Market?
2. What is the CAGR expected in the Post-Quantum Cryptography (PQC) Market?
3. What Are the Key Innovations Transforming the Post-Quantum Cryptography (PQC) Industry?
4. Which Region Is Leading the Post-Quantum Cryptography (PQC) Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.