Post-Quantum Cryptography (PQC) Market

Report Code TC 9164
Published in Sep, 2024, By MarketsandMarkets™
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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

Overview

The Post-Quantum Cryptography Market size is projected to grow from USD 302.5 million in 2024 to USD 1,887.9 million by 2029 at a CAGR of 44.2% during the forecast period (2024-2029) The PQC market comprises developing cryptographic systems secured against quantum computing threats that may undermine traditional algorithms like RSA (Rivest-Shamir-Adleman) and ECC (Elliptic Curve Cryptography). Cryptographic researchers and technology companies are developing quantum-resistant algorithms, such as lattice-based and code-based systems. A range of initiatives such as three Federal Information Processing Standards (FIPS) finalized by NIST (National Institute of Standards and Technology) are FIPS 203: Module-Lattice-Based Key-Encapsulation Mechanism Standard (CRYSTALS-Kyber), FIPS 204: Module-Lattice-based Digital Signature Standard (CRYSTALS-Dilithium), and FIPS 205: Stateless Hash-based Digital Signature Standard (SPHINCS+) are underway to standardize these standards for broad adoption and interoperability. Rising cybersecurity requirements in various verticals such as BFSI, government, and defense will drive the post-quantum cryptography market. Therefore, continuous technological improvement of cryptographic methods and investments in research and innovation are key drivers for developing effective post-quantum solutions against emerging quantum threats.

Attractive Opportunities in the Post-quantum Cryptography (PQC) Market

EUROPE:

Growth in adoption of post-quantum cryptography solutions and service in Europe can be attributed to formation of vendor alliances leading to rapid innovation and community guidelines for further advancements.

As quantum computing advances, the potential for breaking traditional encryption methods is becoming a serious concern. This drives the need for PQC to secure sensitive data against future quantum threats.

Governments and regulatory bodies are increasingly mandating stronger security measures to protect against quantum threats. This includes encouraging or requiring the adoption of post-quantum cryptographic standards, which fuels market growth.

Significant investments in quantum computing research by both private and public sectors are indirectly driving the PQC market. As quantum technology develops, the demand for robust cryptographic solutions grows alongside it.

The rapid expansion of IoT devices globally creates a vast amount of data that needs protection. PQC is seen as a future-proof solution to secure IoT networks against potential quantum attacks.

Global Post-quantum Cryptography (PQC) Market Dynamics

DRIVER: Innovation of new cryptographic algorithms

New, quantum-safe algorithms have different performance metrics for standard operations like key generation and encryption/decryption times. Post-quantum encryption algorithms provide higher security than traditional algorithms; hence, they are acutely relevant to protecting censored data against adversaries leveraging quantum computers. These new cryptographic technologies, being developed, can be embedded anywhere in the network, providing layers of protection against highly specialized cyber-attacks for which known algorithms have no viable countermeasures. The next step in PQC is resistance to quantum attacks, and it is on its way to replacing traditional algorithms like RSA, Diffie-Hellman, and elliptic curves. This may probably become mainstream in 5-10 years. The NIST drives the development of standards for PQC, while the Network Security Agency of the European Union works on adapting protocols for post-quantum systems.

RESTRAINT: Huge Implementation Costs

Migrating to PQC involves substantial implementation costs because it requires hardware upgrades and large amounts of software development. The intrinsic complexity in the computations of PQC algorithms enforces higher processing power; therefore, it requires specialized hardware accelerators and increased memory capacity, which is very expensive. Also, to integrate PQC into existing systems, complex heuristic processes are needed for selecting algorithms, modifying software architecture, and testing with validation—all time- and resource-intensive tasks. The number of developers involved will also increase since it will include skilled developers with experience in cryptography, particularly PQC, adding to the cost. Investments like these are not trivial for most small and medium-sized companies with limited IT budgets. Yet, at the same time, considering the financial burden, such updates must be secure in a post-quantum world.

 

OPPORTUNITY: Post-quantum Cryptographic Migration

The shift toward the post-quantum cryptography market is expected to present a new opportunity for businesses and service providers, driven by the imminent threat of quantum computing to existing encryption standards. With growing awareness, demand for PQC solutions will escalate. System audits, algorithm selection, implementation, and management—all associated with complex migration—require niche expertise. This demand will further be driven by compulsory PQC adoption and regulatory compliance within data-sensitive industries. Organizations that are early PQC deployers will realize first-mover advantages, securing current operations and providing long-term protection; these will bring new market segments in consulting, implementation, PQC tool development, managed services, and education. The first movers will have a multidimensional transition, setting an organization up for success within the shifting cybersecurity landscape.

CHALLENGE: Challenges and Strategic Considerations in Implementing Post-Quantum Cryptography Market

PQC uses key sizes far larger than traditional public-key algorithms. Since the size of the key is large, it takes longer to process encryption and decryption, but then again, it also means higher storage, memory, and network bandwidth requirements. Although this drop in performance over small datasets is small, it is perceptible with larger key sizes. On the other hand, these requirements pose a significant challenge to older hardware, thus, in some cases, making deployment quite tricky, especially in latency-sensitive applications such as computer vision for autonomous vehicles and resource-constrained devices like smartphones and IoT devices. Enabling support for PQC efficiently usually requires upgrades in infrastructure, even when this technology is compatible with most devices.

Global Post-quantum Cryptography (PQC) Market Ecosystem Analysis

By service, migration services are expected to grow at the highest CAGR during the forecast period. The growth of quantum technology is exponential; hence, the need for PQC solutions is growing, along with the demand for migration services, which will be quite high soon. Most organizations have legacy systems, which are vulnerable to quantum threats; thus, there is a need to shift to PQC alternatives, and it includes the need for migration services that will assess the current system's technical issues and help make it compliant with regulations. These services also enable companies to deal with security risks and negotiate the changing landscape of vendors. Migration services will likely occupy an increasingly important place in the post-quantum cryptography market due to the increasingly pressing need for PQC migration, driven by complex transitions, regulatory pressures, and security concerns.

 

 

 

 

 

NORTH AMERICA Region Holds the Largest Share of the Post-quantum Cryptography (PQC) Market.

North America dominates the post-quantum cryptography market for several reasons. The early adoption and investments in the relevant research accounted for the growth in the region, and the developed cybersecurity infrastructure established an array of expert institutions and technology firms to help drive PQC adoption. The strict data privacy regulations for GDPR and CCPA raise demand for PQC solutions. Added to this are the major tech companies, like Palo Alto Networks, IBM, and AWS, as well as proactive government initiatives concerning funding research and developing standards. With the rising threats of quantum computing, the focus of North America in the post-quantum cryptography market ensures continuous market leadership and immense contributions from significant technology players with comprehensive regulatory measures.

 
 

Recent Developments of Post-quantum Cryptography (PQC) Market Industry

  • In April 2024, NXP Semiconductors (Netherlands) and Utimaco (Germany) formed a collaboration, prompting the need for migration to post-quantum cryptography market. NXP, a global semiconductor designer, has taken proactive steps by implementing secure firmware signing on its chips using PQC. In collaboration with Utimaco, NXP is making its infrastructure quantum-resistant. This session covers best practices for migrating to PQC, a case study on NXP's quantum security efforts with Utimaco, and an introduction to secure signing solutions using the CRYSTALS-Dilithium PQC algorithm. In May 2024, Palo Alto Networks (US) and IBM (US) announced a strategic partnership to enhance AI-powered security solutions. IBM will integrate Palo Alto Networks' platforms into its security consulting services and train over 1,000 consultants on these products. As part of the collaboration, Palo Alto Networks will acquire IBM's QRadar SaaS assets and migrate QRadar customers to its Cortex XSIAM platform, which offers advanced AI-driven threat protection. IBM will continue supporting existing QRadar on-premise clients and receive additional payments to facilitate migrations. This partnership addresses cybersecurity challenges through integrated AI solutions and improved security operations.
  • In February 2024, The Linux Foundation, in collaboration with AWS, Cisco, Google, IBM, NVIDIA, and others, launched the Post-Quantum Cryptography Alliance (PQCA). This initiative aims to advance and promote post-quantum cryptography (PQC) to address the security challenges posed by future quantum computers. The PQCA will work on high-assurance software implementations and support the development of new PQC algorithms. Founding members include IntellectEU, Keyfactor, Kudelski IoT, QuSecure, SandboxAQ, and the University of Waterloo, contributing to projects like the Open Quantum Safe and PQ Code Package projects. The alliance aims to enhance global cybersecurity and prepare for the quantum computing era. In January 2024, Thales (France), in collaboration with Quantinuum (US), launched a Post-Quantum Cryptography (PQC) Starter Kit to help enterprises prepare for the challenges posed by quantum computing. This kit enables businesses to test quantum-hardened encryption keys and assess the impact of quantum computing on their security infrastructure. Incorporating Thales' Luna HSMs and Quantinuum's quantum random number generation technology, the kit provides a trusted lab environment for testing various security scenarios, including PKI, code-signing, TLS, and IoT. This initiative aims to help organizations transition smoothly to quantum-safe protocols and address potential weaknesses before quantum computing becomes a significant threat.

Key Market Players

KEY PLAYERS IN THE Post-quantum cryptography (PQC) market INCLUDE

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Scope of the Report

Report Attribute Details
Market size available for years 2023–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million/USD Billion) 
Segments Covered By Solution, Service, Organization Size, Vertical, Region.
Geographies covered North America, Europe, Asia Pacific, Rest of the World
Companies covered Major vendors in the post-quantum cryptography market include 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), and Riscure (Netherlands)

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
25
RESEARCH METHODOLOGY
30
EXECUTIVE SUMMARY
42
PREMIUM INSIGHTS
47
POST-QUANTUM CRYPTOGRAPHY MARKET OVERVIEW AND INDUSTRY TRENDS
51
  • 5.1 INTRODUCTION
  • 5.2 POST-QUANTUM CRYPTOGRAPHY MARKET DYNAMICS
    DRIVERS
    - Integration of innovative cryptographic algorithms
    - Hybrid PQC mechanisms
    - Growing awareness of cybersecurity and data privacy
    - Driving awareness toward quantum computing threat
    RESTRAINTS
    - High implementation costs in post-quantum cryptography market
    - Lack of standardized algorithms
    OPPORTUNITIES
    - Early development of new products and services to provide competitive edge
    - Government and defense contracts
    - Migration to post-quantum cryptography market
    CHALLENGES
    - Significantly large key size and implications on performance
    - Implementation challenges
    - Difficulty in encryption and scalability
    - Vulnerabilities due to advancements in quantum technology
  • 5.3 IMPACT OF GENERATIVE AI ON POST-QUANTUM CRYPTOGRAPHY MARKET
    TOP USE CASES AND MARKET POTENTIAL
    - Key use cases
    IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
    - Quantum Computing
    - Quantum Key Distribution (QKD)
    - Hardware Security Modules (HSMs)
    - Cloud Security
    - Digital Signatures
    - Identity and Access Management (IAM)
  • 5.4 CASE STUDY ANALYSIS
    POST-QUANTUM CRYPTOGRAPHY FOR DEFENSE AND GOVERNMENT APPLICATIONS
    ADOPTION OF BIO-KEY’S IDENTITY-BOUND BIOMETRICS SOLUTION AS PART OF PASSWORDLESS AUTHENTICATION STRATEGY
    NAVIGATING QUANTUM LEAP: ROADMAP FOR MIGRATING TO POST-QUANTUM CRYPTOGRAPHY MARKET
  • 5.5 VALUE CHAIN ANALYSIS
    TECHNOLOGY INFRASTRUCTURE PROVIDERS
    POST-QUANTUM CRYPTOGRAPHY PROVIDERS
    APPLICATION DEVELOPERS
    SYSTEM INTEGRATORS
    END USERS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 PORTER’S FIVE FORCES MODEL ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.8 PRICING MODEL ANALYSIS
    INDICATIVE PRICING ANALYSIS, BY OFFERING
  • 5.9 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Lattice-based Cryptography
    - Code-based Cryptography
    - Hash-based Cryptography
    - Multivariate Cryptography
    - Symmetric Key Quantum Resistance
    - Isogeny-based Cryptography
    COMPLEMENTARY TECHNOLOGIES
    - Quantum-resistant Hardware Accelerators
    - Cloud-based PQC
    ADJACENT TECHNOLOGIES
    - Quantum Computing
    - Post-quantum Cybersecurity
    - Blockchain
  • 5.10 PATENT ANALYSIS
    METHODOLOGY
  • 5.11 TRADE ANALYSIS
  • 5.12 TARIFF & REGULATORY LANDSCAPE
    TARIFF RELATED TO PQC PRODUCTS
    NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST)
    EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI)
    INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
    INTERNATIONAL TELECOMMUNICATION UNION (ITU)
    INTERNET ENGINEERING TASK FORCE (IETF)
    CLOUD SECURITY ALLIANCE (CSA)
    GLOBAL FORUM ON CYBER EXPERTISE (GFCE)
    WORLD ECONOMIC FORUM (WEF)
    - ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD)
    - INTERNATIONAL ASSOCIATION FOR CRYPTOLOGIC RESEARCH (IACR)
    - REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.15 KEY CONFERENCES & EVENTS
  • 5.16 BUSINESS MODEL ANALYSIS
    ALGORITHM DEVELOPMENT AND LICENSING IN POST-QUANTUM CRYPTOGRAPHY MARKET 
    CONSULTING SERVICES
    HARDWARE SOLUTIONS
    SOFTWARE SOLUTIONS
    CLOUD-BASED SERVICES MODEL
    SPECIALIZED SECURITY SOLUTIONS
    SUBSCRIPTION-BASED MODEL
    EDUCATION AND TRAINING IN POST-QUANTUM CRYPTOGRAPHY MARKET
  • 5.17 INVESTMENT AND FUNDING SCENARIO
POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION
96
  • 6.1 INTRODUCTION
    SOLUTION: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
  • 6.2 QUANTUM-SAFE HARDWARE
    SECURE HARDWARE FOR QUANTUM-COMPUTING AGE
  • 6.3 QUANTUM-RESISTANT ALGORITHMS
    FORTIFY AGAINST QUANTUM THREATS WITH ADVANCED CRYPTOGRAPHIC ALGORITHMS
  • 6.4 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES
    EMPOWER DEVELOPERS WITH READY-TO-USE QUANTUM-SAFE ENCRYPTION
  • 6.5 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS
    ENSURE SECURE COMMUNICATIONS EVEN IN QUANTUM WORLD
  • 6.6 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS
    BLOCKCHAINS SECURED AGAINST QUANTUM THREATS, ENSURING TRUST
  • 6.7 QUANTUM-SAFE AUTHENTICATION SOLUTIONS
    PROTECT DIGITAL IDENTITIES WITH QUANTUM-RESISTANT AUTHENTICATION
  • 6.8 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS
    HELPS ENCRYPT DATA AND SAFEGUARD AGAINST FUTURE QUANTUM RISK
POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE
106
  • 7.1 INTRODUCTION
    SERVICE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
  • 7.2 DESIGN, IMPLEMENTATION, AND CONSULTING
    TAILORED QUANTUM-SAFE SOLUTIONS FOR ROBUST SECURITY
  • 7.3 MIGRATION SERVICES
    ENABLES SEAMLESS UPGRADE TO QUANTUM-RESISTANT ENCRYPTION
  • 7.4 QUANTUM RISK ASSESSMENT
    ENABLES TO IDENTIFY AND MITIGATE FUTURE QUANTUM THREATS
POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE
111
  • 8.1 INTRODUCTION
    ORGANIZATION SIZE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
  • 8.2 SMALL & MEDIUM-SIZED ENTERPRISES
    COST-EFFECTIVE, SCALABLE PQC FOR SMALL BUSINESSES
  • 8.3 LARGE ENTERPRISES
    ENTERPRISE-GRADE PQC FOR ROBUST, HIGH-VALUE PROTECTION
POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL
115
  • 9.1 INTRODUCTION
    VERTICAL: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
  • 9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
    ENHANCING FINANCIAL DATA SECURITY WITH PQC
  • 9.3 GOVERNMENT & DEFENSE
    FORTIFYING NATIONAL SECURITY THROUGH PQC
  • 9.4 HEALTHCARE
    SECURING PATIENT DATA WITH QUANTUM-RESISTANT METHOD
  • 9.5 IT & ITES
    STRENGTHENING IT INFRASTRUCTURE WITH PQC
  • 9.6 RETAIL & E-COMMERCE
    PROTECTING E-COMMERCE TRANSACTIONS WITH PQC
  • 9.7 OTHER VERTICALS
POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION
123
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    NORTH AMERICA: MARKET DRIVERS
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    US
    - Rapid development of quantum computing technology poses significant threat to existing cryptographic algorithms
    CANADA
    - Partnerships between universities and tech companies to foster innovation in post-quantum cryptography market
  • 10.3 EUROPE
    EUROPE: MARKET DRIVERS
    EUROPE: MACROECONOMIC OUTLOOK
    UK
    - UK National Cyber Security Centre (NCSC) to promote transition to quantum-safe technologies
    FRANCE
    - French startups and research institutions at forefront of innovation and creating solutions that can be integrated into existing system
  • 10.4 ASIA PACIFIC
    ASIA PACIFIC: MARKET DRIVERS
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    CHINA
    - Increasing demand for post-quantum cryptography market in various sectors
    JAPAN
    - Contribution of top technology companies and semiconductor manufacturers to development of advanced post-quantum cryptographic solutions to drive market
  • 10.5 REST OF THE WORLD (ROW)
    REST OF THE WORLD (ROW): MARKET DRIVERS
    REST OF THE WORLD (ROW): MACROECONOMIC OUTLOOK
COMPETITIVE LANDSCAPE
149
  • 11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 11.2 REVENUE ANALYSIS
  • 11.3 MARKET SHARE ANALYSIS
  • 11.4 BRAND COMPARISON
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
    COMPANY VALUATION
    FINANCIAL METRICS USING EV/EBITDA
  • 11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Solution footprint
    - Service footprint
    - Vertical footprint
  • 11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.8 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
179
  • 12.1 KEY PLAYERS
    NXP SEMICONDUCTORS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    THALES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AWS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IDEMIA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    PALO ALTO NETWORKS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    DIGICERT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    KLOCH
    - Business overview
    - Products/Solutions/Services offered
    POST-QUANTUM
    - Business overview
    - Products/Solutions/Services offered
    PQSHIELD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - ENTRUST
    - IBM
  • 12.2 OTHER PLAYERS
    UTIMACO
    CRYPTO QUANTIQUE
    CRYPTO4A
    CRYPTONEXT
    QNU LABS
    QRYPT
    ENQUANTUM
    XIPHERA
    SIXSCAPE
    - KEYFACTOR
    - RESQUANT
    - RAMBUS
    - ARCHON
    - RISCURE
ADJACENT MARKETS
238
  • 13.1 INTRODUCTION
  • 13.2 LIMITATIONS
  • 13.3 QUANTUM CRYPTOGRAPHY MARKET
    QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING
  • 13.4 ENCRYPTION SOFTWARE MARKET
    ENCRYPTION SOFTWARE, BY DEPLOYMENT MODE
APPENDIX
243
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES, 2020–2023
  • TABLE 2 FACTOR ANALYSIS
  • TABLE 3 POST-QUANTUM CRYPTOGRAPHY MARKET SIZE AND GROWTH RATE, 2023–2029 (USD MILLION, Y-O-Y %)
  • TABLE 4 MARKET ECOSYSTEM
  • TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON POST-QUANTUM CRYPTOGRAPHY MARKET
  • TABLE 6 INDICATIVE PRICING ANALYSIS
  • TABLE 7 TOP PATENTS IN POST-QUANTUM CRYPTOGRAPHY MARKET, 2024
  • TABLE 8 IMPORT DATA, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 9 EXPORT DATA, BY COUNTRY, 2019–2023 (USD MILLION)
  • TABLE 10 TARIFF RELATED TO PQC PRODUCTS, 2023
  • TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 14 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • TABLE 17 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 18 KEY CONFERENCES & EVENTS, 2024–2025
  • TABLE 19 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2029
  • TABLE 20 QUANTUM-SAFE HARDWARE: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 21 QUANTUM-RESISTANT ALGORITHMS: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 22 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 23 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 24 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 25 QUANTUM-SAFE AUTHENTICATION SOLUTIONS: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 26 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 27 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 28 DESIGN, IMPLEMENTATION, AND CONSULTING: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 29 MIGRATION SERVICES: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 30 QUANTUM RISK ASSESSMENT: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 31 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 32 SMES: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 33 LARGE ENTERPRISES: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 34 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 35 BFSI: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 36 GOVERNMENT & DEFENSE: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 37 HEALTHCARE: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 38 IT & ITES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 39 RETAIL & E-COMMERCE: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 40 OTHER VERTICALS: MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 41 POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION)
  • TABLE 42 NORTH AMERICA: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 43 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 44 NORTH AMERICA: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 45 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 46 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
  • TABLE 47 US: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 48 US: MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 49 US: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 50 US: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 51 CANADA: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 52 CANADA: MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 53 CANADA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 54 CANADA: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 55 EUROPE: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 56 EUROPE: MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 57 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 58 EUROPE: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 59 EUROPE: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
  • TABLE 60 UK: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 61 UK: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 62 UK: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 63 UK: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 64 FRANCE: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 65 FRANCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 66 FRANCE: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 67 FRANCE: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 68 ASIA PACIFIC: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 69 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 70 ASIA PACIFIC: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 71 ASIA PACIFIC: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 72 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
  • TABLE 73 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 74 CHINA: MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 75 CHINA: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 76 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 77 JAPAN: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 78 JAPAN: MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 79 JAPAN: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 80 JAPAN: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 81 REST OF THE WORLD: MARKET, BY SOLUTION, 2023–2029 (USD MILLION)
  • TABLE 82 REST OF THE WORLD: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION)
  • TABLE 83 REST OF THE WORLD: MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION)
  • TABLE 84 REST OF THE WORLD: MARKET, BY VERTICAL, 2023–2029 (USD MILLION)
  • TABLE 85 OVERVIEW OF STRATEGIES ADOPTED BY KEY POST-QUANTUM CRYPTOGRAPHY VENDORS
  • TABLE 86 POST-QUANTUM CRYPTOGRAPHY MARKET: DEGREE OF COMPETITION
  • TABLE 87 MARKET: REGION FOOTPRINT
  • TABLE 88 MARKET: SOLUTION FOOTPRINT
  • TABLE 89 POST-QUANTUM CRYPTOGRAPHY MARKET: SERVICE FOOTPRINT
  • TABLE 90 MARKET: VERTICAL FOOTPRINT
  • TABLE 91 MARKET: KEY STARTUPS/SMES
  • TABLE 92 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VERTICAL
  • TABLE 93 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
  • TABLE 94 MARKET: PRODUCT LAUNCHES, 2022—2024
  • TABLE 95 POST-QUANTUM CRYPTOGRAPHY MARKET: DEALS, 2022—2024
  • TABLE 96 NXP SEMICONDUCTORS: COMPANY OVERVIEW
  • TABLE 97 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 98 NXP SEMICONDUCTORS: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 99 NXP SEMICONDUCTORS: DEALS
  • TABLE 100 THALES: COMPANY OVERVIEW
  • TABLE 101 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 102 THALES: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 103 THALES: DEALS
  • TABLE 104 AWS: COMPANY OVERVIEW
  • TABLE 105 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 106 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 107 AWS: DEALS
  • TABLE 108 IDEMIA: COMPANY OVERVIEW
  • TABLE 109 IDEMIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 110 IDEMIA: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 111 IDEMIA: DEALS
  • TABLE 112 PALO ALTO NETWORKS: COMPANY OVERVIEW
  • TABLE 113 PALO ALTO NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 114 PALO ALTO NETWORKS: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 115 PALO ALTO NETWORKS: DEALS
  • TABLE 116 DIGICERT: COMPANY OVERVIEW
  • TABLE 117 DIGICERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 118 DIGICERT: DEALS
  • TABLE 119 KLOCH: COMPANY OVERVIEW
  • TABLE 120 KLOCH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 121 POST-QUANTUM: COMPANY OVERVIEW
  • TABLE 122 POST-QUANTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 123 PQSHIELD: COMPANY OVERVIEW
  • TABLE 124 PQSHIELD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 PQSHIELD: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 126 PQSHIELD: DEALS
  • TABLE 127 ENTRUST: COMPANY OVERVIEW
  • TABLE 128 ENTRUST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 129 ENTRUST: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 130 IBM: COMPANY OVERVIEW
  • TABLE 131 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 132 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
  • TABLE 133 IBM: DEALS
  • TABLE 134 ADJACENT MARKETS AND FORECASTS
  • TABLE 135 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING, 2017–2022 (USD MILLION)
  • TABLE 136 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING, 2023–2028 (USD MILLION)
  • TABLE 137 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2017–2022 (USD MILLION)
  • TABLE 138 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
  • TABLE 139 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
  • TABLE 140 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
  • TABLE 141 ON-PREMISES: ENCRYPTION SOFTWARE MARKET, BY REGION, 2015–2020 (USD MILLION)
  • TABLE 142 ON-PREMISES: ENCRYPTION SOFTWARE MARKET, BY REGION, 2021–2026 (USD MILLION)
  • TABLE 143 CLOUD: ENCRYPTION SOFTWARE MARKET, BY REGION, 2015–2020 (USD MILLION)
  • TABLE 144 CLOUD: ENCRYPTION SOFTWARE MARKET, BY REGION, 2021–2026 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 POST-QUANTUM CRYPTOGRAPHY MARKET: RESEARCH DESIGN
  • FIGURE 2 POST-QUANTUM CRYPTOGRAPHY MARKET: DATA TRIANGULATION
  • FIGURE 3 APPROACH 1 (SUPPLY SIDE): REVENUE FROM PLATFORMS/SERVICES OF POST-QUANTUM CRYPTOGRAPHY VENDORS
  • FIGURE 4 APPROACH 1 - SUPPLY-SIDE ANALYSIS
  • FIGURE 5 POST-QUANTUM CRYPTOGRAPHY MARKET ESTIMATION: RESEARCH FLOW
  • FIGURE 6 APPROACH 2: BOTTOM UP (DEMAND SIDE): PLATFORMS/SOLUTIONS/SERVICES
  • FIGURE 7 GLOBAL POST-QUANTUM CRYPTOGRAPHY MARKET SIZE AND Y-O-Y GROWTH RATE
  • FIGURE 8 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2024
  • FIGURE 9 GROWING INSTANCES OF QUANTUM THREATS TARGETING SMALL ENTERPRISES TO FUEL MARKET GROWTH
  • FIGURE 10 QUANTUM-SAFE HARDWARE SEGMENT TO HOLD LARGEST MARKET SHARE
  • FIGURE 11 DESIGN, IMPLEMENTATION, AND CONSULTING SEGMENT TO HOLD LARGEST MARKET SHARE
  • FIGURE 12 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE
  • FIGURE 13 BFSI AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE
  • FIGURE 14 EUROPE TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS
  • FIGURE 15 POST-QUANTUM CRYPTOGRAPHY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 16 MARKET POTENTIAL OF GENERATIVE AI IN ENHANCING POST-QUANTUM CRYPTOGRAPHY MARKET ACROSS INDUSTRIES
  • FIGURE 17 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
  • FIGURE 18 VALUE CHAIN ANALYSIS
  • FIGURE 19 ECOSYSTEM ANALYSIS
  • FIGURE 20 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 21 NUMBER OF PATENTS GRANTED FOR POST-QUANTUM CRYPTOGRAPHY MARKET, 2014–2024
  • FIGURE 22 REGIONAL ANALYSIS OF PATENTS GRANTED FOR POST-QUANTUM CRYPTOGRAPHY MARKET
  • FIGURE 23 IMPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 24 EXPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION)
  • FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 26 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 27 POST-QUANTUM CRYPTOGRAPHY MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 28 GLOBAL PQC COMPANIES FUNDING ROUNDS AND NUMBER OF INVESTORS
  • FIGURE 29 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 30 MIGRATION SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 31 SMES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 32 IT & ITES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 33 EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 35 EUROPE: MARKET SNAPSHOT
  • FIGURE 36 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS, 2021–2023 (USD MILLION)
  • FIGURE 37 SHARE OF LEADING COMPANIES IN POST-QUANTUM CRYPTOGRAPHY MARKET
  • FIGURE 38 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPARISON OF VENDORS’ BRANDS
  • FIGURE 39 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPANY VALUATION OF KEY VENDORS (USD BILLION)
  • FIGURE 40 POST-QUANTUM CRYPTOGRAPHY MARKET: FINANCIAL METRICS OF KEY VENDORS
  • FIGURE 41 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • FIGURE 42 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPANY FOOTPRINT
  • FIGURE 43 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • FIGURE 44 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
  • FIGURE 45 THALES: COMPANY SNAPSHOT
  • FIGURE 46 PALO ALTO NETWORKS: COMPANY SNAPSHOT
  • FIGURE 47 IBM: COMPANY SNAPSHOT

 

This research study used extensive secondary sources, directories, and databases, such as NIST frameworks, Quantum computing libraries, D&B Hoovers and Bloomberg BusinessWeek, to identify and collect information useful for this technical, market-oriented, and commercial study of the global post-quantum cryptography market. The primary sources were mainly several industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and organizations related to this industry's value chain segments.

In-depth interviews were conducted with primary respondents, including key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess prospects.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information related to the study. Secondary sources included CSRC NIST, Quantum computing foundations, annual reports, press releases, investor presentations of PQC vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the post-quantum cryptography market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides of the post-quantum cryptography market were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives of various vendors providing PQC solutions and services, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the post-quantum cryptography market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

After the complete market engineering process (including calculations for market statistics, market breakups, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. The primary research helped identify and validate the segmentation types, industry trends, key players, a competitive landscape of PQC solutions and services offered by several market vendors, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

In the complete market engineering process, the bottom-up and top-down approaches and several data triangulation methods were extensively used to estimate and forecast the overall post-quantum cryptography market segments and subsegments listed in this report. An extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Following is the breakup of the primary study:

Post-Quantum Cryptography (PQC) Market  Size, and Share

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Post-Quantum Cryptography Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the Post-Quantum Cryptography market and the size of various other dependent sub-segments in the overall Post-Quantum Cryptography market. The research methodology used to estimate the market size includes the following details: critical players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.

All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the post-quantum cryptography market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets

INFOGRAPHIC DEPICTING BOTTOM-UP AND TOP-DOWN APPROACHES

Post-Quantum Cryptography (PQC)  Market Bottom Up Approach

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Post-Quantum Cryptography (PQC) Market Top Down Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the post-quantum cryptography market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

The Post-Quantum Cryptography market refers to the sector focused on developing, standardizing, and deploying cryptographic algorithms and security protocols designed to be secure against the potential threats of quantum computers. Quantum computers, once fully realized, are expected to be capable of breaking many of the cryptographic systems currently in use, such as RSA and ECC (Elliptic Curve Cryptography).

Key Stakeholders

  • Quantum Computing Architects
  • Encryption Providers
  • Crypto Agility Alliances
  • Quantum Researchers
  • Providers of PQC Solutions and Services
  • Consulting Firms
  • Third-party Vendors
  • Investors and Venture Capitalists
  • Technology Providers

Report Objectives

  • To describe and forecast the global Post-Quantum Cryptography market based on solution, service, organization size, vertical, and region
  • To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the post-quantum cryptography market
  • To analyze the opportunities for stakeholders by identifying the high-growth segments of the post-quantum cryptography market
  • To forecast the size of the market segments with respect to three regions: North America, Europe, Asia Pacific and Rest of the World
  • To analyze subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall post-quantum cryptography market
  • To profile the key players and comprehensively analyze their post-quantum cryptography market sizes and core competencies
  • To track and analyze competitive developments such as product enhancements and new product launches; acquisitions, and partnerships and collaborations in the post-quantum cryptography market globally

Customization Options

With the given post-quantum cryptography market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing to rest of to the regional market size
  • Further breakup of the North American market into countries contributing to rest of to the regional market size
  • Further breakup of the European market into countries contributing to rest of to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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Growth opportunities and latent adjacency in Post-Quantum Cryptography (PQC) Market

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