Post-Quantum Cryptography Market to Reach $2 Billion Worth by 2030, Driven by 48% CAGR and Rising Cybersecurity Threats: MarkNtel Advisors

Executive Summary

The Global Post-Quantum Cryptography (PQC) Market is set to witness unprecedented growth, propelled by the escalating cybersecurity threats and advancements in quantum computing technology. Valued at approximately USD 299 million in 2024, the market is projected to reach USD 2,009 million by 2030, representing a staggering compound annual growth rate (CAGR) of 48%. This press release encapsulates essential insights, market trends, competitive landscape, and strategic highlights, designed to provide stakeholders with actionable intelligence for informed decision-making in this rapidly evolving domain.

Global Post-Quantum Cryptography (PQC) Market Overview

Post-Quantum Cryptography (PQC) refers to algorithms designed to secure data against potential attacks from quantum computers, which possess capabilities far exceeding those of traditional computing systems. The urgency for effective quantum-resistant solutions has surged due to increasing frequency and sophistication of cyberattacks. Key sectors like finance, healthcare, and government are now prioritizing the implementation of PQC to bolster their cybersecurity infrastructures. The demand for PQC solutions is being further fueled by collaboration among major industry stakeholders and significant investments aimed at developing robust PQC technologies.

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Key Objectives of the Report

◾ Analyze the current trends in the Post-Quantum Cryptography (PQC) market and forecast future growth.
◾ Identify the market dynamics and key drivers influencing the PQC landscape.
◾ Highlight major players and their contributions toward PQC advancements.
◾ Provide a segmentation analysis for nuanced insights into various market dimensions.
◾ Evaluate the competitive landscape to understand market positioning.

Largest Post-Quantum Cryptography (PQC) Industry Players in the Market By 2030

The major companies operating in the Post-Quantum Cryptography (PQC) Market include:

◾ 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
◾ Other Players

Post-Quantum Cryptography (PQC) Market Segmentation

By Type

◾ Lattice-Based Cryptography
◾ Code-Based Cryptography
◾ Multivariate Cryptography
◾ Hash-Based Cryptography
◾ Others

According to report, the Lattice-based cryptography is the dominant segment based on type, accounting for over 50% of pilot implementations in the Global Post-Quantum Cryptography (PQC) Market.

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

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By Service

◾ Design, Implementation, and Consulting
◾ Migration Services
◾ Quantum Risk Assessment

By Enterprise Size

◾ Small & Medium Enterprises (SMEs)
◾ Large Enterprises

According to report, the Design, Implementation, and Consulting is the leading segment in the Global Post-Quantum Cryptography (PQC) Market based on service, with a share of around 45% in global revenues.

By End User

◾ BFSI
◾ Retail & E-commerce
◾ Healthcare
◾ Government and Defense
◾ IT & ITES
◾ Others

Regional Hotspot:

◾ North America
◾ South America
◾ Europe
◾ The Middle East and Africa
◾ Asia-Pacific

North America is the dominant region in the Global Post-Quantum Cryptography (PQC) Market, with an estimated market share of about 40%. The region has a high market demand due to substantial public investment and compliance requirements across key sectors such as government and defense.

Strategic Highlights:

◾ Investment Surge: Heightened funding from both public and private sectors to advance PQC technologies.
◾ Collaboration: Partnerships among tech giants and academia to foster innovation and standardization.
◾ Regulatory Drivers: Legislation mandating PQC adoption in critical infrastructure and industries.
◾ Technological Advancement: Continuous R&D efforts leading to the introduction of more sophisticated PQC algorithms and solutions.
◾ Market Growth: Forecasted noteworthy expansion driven by increased compliance requirements and implementation of quantum-safe measures.
◾ Ecosystem Development: Establishment of a collaborative ecosystem to facilitate rapid deployment of PQC solutions.

Key Reasons for Buying the Post-Quantum Cryptography (PQC) Market Report

◾ Insightful market analysis aiding strategic decision-making.
◾ Identification of emerging trends and growth opportunities.
◾ Comprehensive outlook on competitive dynamics and leader profiling.
◾ Access to extensive data on market segmentation and regional performance.
◾ Risk assessment related to market entry or expansion.
◾ Evaluation of regulatory frameworks affecting PQC solutions.
◾ Detailed statistics that provide a robust understanding of market movements.

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Questions Answered by the Report:

◾ What is the projected size of the Post-Quantum Cryptography (PQC) market from 2025 to 2030?
◾ What factors are driving market share and growth in the PQC landscape?
◾ Who are the top seven companies in the Post-Quantum Cryptography (PQC) sector?
◾ What are the latest trends shaping the Post-Quantum Cryptography (PQC) market?
◾ What key statistics are critical to understanding the performance of the PQC market?

Table of Contents:

◾ Executive Summary
◾ Market Overview
◾ Key Objectives of the Report
◾ Largest Post-Quantum Cryptography (PQC) Companies in the Market By 2030
◾ Post-Quantum Cryptography (PQC) Market Segmentation
◾ Regional Insights
◾ Strategic Highlights
◾ Key Reasons for Buying the Post-Quantum Cryptography (PQC) Market Report
◾ Questions Answered by the Report
◾ Market Dynamics
◾ Competitive Landscape
◾ Future Outlook and Conclusion

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Contact No: +91 8719999009

Email: sales@marknteladvisors.com

About MarkNtel Advisors:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

This release was published on openPR.