Post-Quantum Cryptography Market Projected to Hit USD 15,925Million by 2032, Expanding at 37.52% CAGR: Credence Research

Market Outlook
The Post-Quantum Cryptography Market, valued at USD 1,245 million in 2024, is set for unprecedented expansion as organizations worldwide accelerate the transition toward quantum-resilient security infrastructures. According to Credence Research, the market is poised to reach USD 15,925 million by 2032, reflecting a robust CAGR of 37.52% during 2024-2032. This growth is fueled by rising concerns over "harvest now, decrypt later" cyber threats, rapid advancements in quantum computing capabilities, and increasing regulatory directives urging enterprises to adopt quantum-safe encryption. Governments, BFSI institutions, cloud service providers, and critical infrastructure operators are among the earliest adopters integrating post-quantum algorithms to safeguard sensitive assets and ensure long-term data confidentiality.
Market momentum is further strengthened by escalating demand for hybrid cryptographic models, large-scale migration initiatives, and ecosystem collaborations among cybersecurity vendors, semiconductor companies, and standards bodies. With NIST's standardization of quantum-safe algorithms underway, enterprises are investing heavily in future-proofing their encryption systems and upgrading hardware to support quantum-resistant primitives. The proliferation of IoT, connected healthcare, smart mobility, and digital identity frameworks creates significant opportunities for PCC technologies capable of delivering secure communications at scale. As cyber risk landscapes evolve, post-quantum cryptography is emerging as a foundational pillar of next-generation digital security, positioning the market for sustained, high-value growth throughout the forecast period.
Key Growth Drivers
One of the primary growth drivers of the Post-Quantum Cryptography Market is the accelerating threat posed by quantum computing to traditional encryption systems. As quantum processors advance, industries face rising vulnerability to attacks capable of breaking widely used public-key algorithms such as RSA and ECC. Governments and regulatory bodies across the U.S., Europe, and Asia are issuing mandates for quantum-safe transitions, compelling enterprises to adopt next-generation cryptographic frameworks. The surge in cybersecurity breaches, combined with the increasing risk of "store now, decrypt later" attacks, is pushing critical sectors-including BFSI, defense, telecom, healthcare, and cloud computing-to integrate quantum-resilient security architectures at an early stage.
Another major driver is the rapid standardization and commercialization of post-quantum algorithms, enabling large-scale deployment across digital ecosystems. The ongoing NIST PQC standardization, vendor collaborations, and rising investment in quantum-safe hardware and software solutions are accelerating market adoption. Additionally, the proliferation of IoT devices, autonomous systems, 5G networks, and connected infrastructure is increasing the need for lightweight, scalable, and future-ready cryptographic solutions. Enterprises are prioritizing crypto-agility, hybrid encryption models, and long-term data protection strategies, further strengthening demand for post-quantum technologies. As organizations shift toward digital transformation and resilience planning, post-quantum cryptography is becoming an indispensable component of next-generation cybersecurity frameworks.
Tailor the report to align with your specific business needs and gain targeted insights. Request - https://www.credenceresearch.com/report/post-quantum-cryptography-market

Regional Analysis
Regionally, the Post-Quantum Cryptography Market is led by North America, driven by strong regulatory momentum, early NIST post-quantum standardization efforts, and heavy investments from federal agencies, defense, and leading cloud providers. Europe closely follows, supported by stringent data-protection frameworks, active ENISA guidance, and large-scale adoption across banking, government, and telecom networks. Asia-Pacific is emerging as the fastest-growing region, with China, Japan, South Korea, and India investing aggressively in quantum technologies, critical infrastructure security, and 5G-led digital ecosystems. Meanwhile, Latin America, the Middle East, and Africa are at a comparatively nascent stage but are gradually adopting post-quantum cryptography solutions through partnerships with global cybersecurity vendors and the modernization of financial and government IT systems, positioning these regions for accelerated growth over the forecast period.
Key Player Analysis
DigiCert
PQShield Ltd
IBM Corporation
Kloch Technologies, LLC
Thales
Entrust Corporation
PQ Solutions Limited
NXP Semiconductor
IDEMIA
Palo Alto Networks
Tailor the report to align with your specific business needs and gain targeted insights. Request - https://www.credenceresearch.com/report/post-quantum-cryptography-market
Segments
Based on Services
Design, Implementation, and Consulting
Migration Services
Quantum Risk Assessment
Based on Type
Lattice-Based Cryptography
Code-Based Cryptography
Multivariate Cryptography
Hash-Based Cryptography
Others
Based on Solution
Quantum-Resistant Algorithms
Quantum-Safe Cryptographic Libraries
Quantum-Safe Authentication Solutions
Quantum-Resistant Encryption Solutions
Quantum-Safe VPN, Email, Messaging
Quantum-Safe Blockchain Solutions
Quantum-Safe Hardware
Based on Enterprise Size
Small & Medium Enterprises (SMEs)
Large Enterprises
Based on Vertical
BFSI
Retail & E-commerce
Healthcare
Government and Defense
IT & ITES
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Tailor the report to align with your specific business needs and gain targeted insights. Request - https://www.credenceresearch.com/report/post-quantum-cryptography-market

Follow Us:
https://www.linkedin.com/company/credenceresearch/
https://x.com/CredenceResearc
https://www.facebook.com/CredenceResearch

Credence Research Europe LTD
128 City Road, London,
EC1V 2NX, UNITED KINGDOM
Europe - +44 7809 866 263
North America - +1 304 308 1216
Australia - +61 4192 46279
Asia Pacific - +81 5050 50 9250
+64 22 017 0275
India - +91 6232 49 3207
sales@credenceresearch.com
www.credenceresearch.com

Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives.

This release was published on openPR.