Post-Quantum Cryptography (PQC) Market 2025 – Risk Readiness and Strategic Security Insights

 For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.

How has the post-quantum cryptography (pqc) grown historically, and what trends indicate future expansion?
The post-quantum cryptography (PQC) market size has grown exponentially in recent years. It will grow from $0.46 billion in 2024 to $0.68 billion in 2025 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to increasing demand for secure communication, growing need for protection against quantum threats, rising government and regulatory support, increasing need to safeguard sensitive data, and increasing adoption of cloud-based services.

The post-quantum cryptography(PQC) market size is expected to see exponential growth in the next few years. It will grow to $1.72 billion in 2029 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to rising number of cyberattacks, growing quantum research, increasing awareness about data privacy, increasing interest in convenient financial services and growing demand for secure iot devices. Major trends in forecast period includes innovation of new cryptographic algorithmic, advancements in quantum technology, innovation and resilience for future cybersecurity, product innovation, and advancements in quantum computing.

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Which key factors are driving the expansion of the post-quantum cryptography (pqc) industry?
The increasing cybersecurity concerns are expected to fuel the growth of the post-quantum cryptography (PQC) market going forward. Cybersecurity involves safeguarding computer systems, networks, and information from cyberattacks, unauthorized access, and potential harm. The increasing cybersecurity concerns are due to frequent, advanced cyberattacks that increasingly exploit system vulnerabilities, causing significant financial and reputational damage. Post-quantum cryptography (PQC) supports cybersecurity by developing encryption algorithms that are resistant to quantum computers' computational power. It ensures the security of sensitive data and communications even in a quantum-enabled future. PQC helps safeguard current and future systems from potential quantum-based attacks. For instance, in December 2023, according to the Internet Crime Complaint Center (IC3), a US-based central hub for reporting cybercrime, in 2023, the American public reported 880,418 cybercrimes, with estimated financial losses exceeding $12.5 billion. This represents a nearly 10% increase in complaints and a 22% rise in reported losses compared to 2022. Therefore, the increasing cybersecurity concerns drive the growth of the post-quantum cryptography (PQC) market.

How is the post-quantum cryptography (pqc) market segmented by product, application, and end-user?
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

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What are the top market trends driving innovation in the post-quantum cryptography (pqc) industry?
Major companies operating in the post-quantum cryptography (PQC) market are focusing on developing technologically advanced products, such as cybersecurity software, to enhance data protection against quantum computing threats. Cybersecurity software refers to programs designed to protect systems, networks, and data from cyber threats, using tools such as antivirus, firewalls, encryption, and intrusion detection to ensure data security and privacy. For instance, in December 2023, QuSecure Inc., a US-based software company, launched QuProtect, a post-quantum cryptography cybersecurity software. It is a cybersecurity solution that provides quantum-resilient cryptography to protect against current and future quantum threats, offering comprehensive security across diverse environments. It benefits organizations by ensuring future-proof data protection, seamless integration, and compliance support, making it a robust defense against emerging cyber threats.

Which leading companies are dominating the post-quantum cryptography (pqc) market landscape?
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.

Which geographic areas are expected to offer the highest growth opportunities in thepost-quantum cryptography (pqc) market?
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.

How Can Companies Use The Post-Quantum Cryptography (PQC) Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.

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