Global Post-Quantum Cryptography (PQC) Market Zooming 11X to Touch USD 3.6 Billion by 2031
Global Post-Quantum Cryptography (PQC) Market is flourishing primarily due to rising quantum threats, regulatory mandates, and an increasing demand for PQC solutions and services in major sectors including finance and defense.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Post-Quantum Cryptography (PQC) Market size by value at USD 316.54 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Post-Quantum Cryptography (PQC) Market size to boom at a robust CAGR of 41.4% reaching a value of USD 3,577.51 million by 2031. A prominent driver of the market is an increasingly high need to protect data against quantum computing threats. Growing cybersecurity requirements are also predicted to have a favorable influence on the growth of Global Post-Quantum Cryptography (PQC) Market over the forecast period.
Opportunity – Growing Need for Next-Generation Security Solutions
A majority of IoT-based applications, such as smart cities, healthcare, meteorology, agriculture, and smart grids use small, low-cost devices with limited resources. Lightweight security primitives and protocols are necessary to secure these resource-constrained devices. Traditional lightweight security primitives and protocols are projected to be broken by quantum computers. Furthermore, IoT networks are subject to attacks, such as Sybil, eclipse, replay, side-channel, and fake data injections. Thus, security vulnerabilities with IoT devices are harmful and must be addressed. Classical and lightweight cryptographic primitives and protocols are vulnerable to quantum attacks. Thus, the rising demand for cybersecurity tools on IoT, blockchain technologies, cloud storage, and computing technologies is expected to create lucrative opportunities for the players in Global Post-Quantum Cryptography (PQC) Market in the coming years.
Lattice-based Solution Type Dominates Global PQC Market
The Lattice-based accounts for the largest market share of Global Post-Quantum Cryptography (PQC) Market by solution type. Lattice-based cryptography relies on complex problems in high-dimensional lattice structures, forming the basis for NIST-standardized algorithms for key exchange and ML-DSA (CRYSTALS-Dilithium) for digital signatures, prized for their balance of security and efficiency. Other major solution types in Global Post-Quantum Cryptography (PQC) Market include code-based, multivariate, hash-based, Isogeny-based, and symmetric key.
North America Leads Global Post-Quantum Cryptography (PQC) Market
North America holds the leadership position in Global Post-Quantum Cryptography (PQC) Market, driven by early adoption of advanced cybersecurity technologies, robust investments in research and development, and proactive regulatory initiatives-particularly in the United States and Canada. Europe follows closely, with strong emphasis on data protection regulations, digital sovereignty, and significant government and private sector investments in quantum-safe infrastructure.
Impact of Escalating Geopolitical Tensions on Global Post-Quantum Cryptography (PQC) Market
Intensifying geopolitical tensions among countries across the regions are reshaping Global Post-Quantum Cryptography (PQC) Market through accelerating the adoption and strategic importance of post-quantum cryptography (PQC) solutions globally, as nations prioritize securing communications and critical infrastructure against quantum-enabled cyberthreats. The risk of a "Q-Day" scenario, where a cryptographically relevant quantum computer (CRQC) could decrypt sensitive data, has intensified due to the global race for quantum supremacy, particularly between United States, China, and allied nations.
Competitive Landscape
Major players operating in the highly competitive Global Post-Quantum Cryptography (PQC) Market include Google, IBM, Infineon Technologies AG, Microsoft, NXP Semiconductors, Intel Corporation, Huawei Technologies Co., Ltd, Cisco Systems, Inc, ETAS, NORMA Inc., DigiCert, Palo Alto Networks, and Amazon Web Services (AWS). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Post-Quantum Cryptography (PQC) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Post-Quantum Cryptography (PQC) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Post-Quantum Cryptography (PQC) Market Insights
- 3.1. DROC Analysis
- 3.1.1. Growth Drivers
- 3.1.1.1. Quantum Computing Threats
- 3.1.1.2. Technological Innovation
- 3.1.2. Restraints
- 3.1.2.1. High Implementation Costs
- 3.1.2.2. Complex Migration Process
- 3.1.3. Opportunities
- 3.1.3.1. Rising Cybersecurity Demand
- 3.1.3.2. Market Growth Potential
- 3.1.4. Challenges
- 3.1.4.1. Lack of Expertise
- 3.1.4.2. Resource Constraints
- 3.2. Porter’s Five Forces Analysis
- 3.2.1. Bargaining Power of Suppliers
- 3.2.2. Bargaining Power of Buyers
- 3.2.3. Threat of New Entrants
- 3.2.4. Threat of Substitutes
- 3.2.5. Intensity of Rivalry
- 4. Global Post-Quantum Cryptography (PQC) Market: Value Chain Analysis
- 5. Global Post-Quantum Cryptography (PQC) Market: Regulatory Framework
- 6. Global Post-Quantum Cryptography (PQC) Market: Marketing Strategies
- 7. Global Post-Quantum Cryptography (PQC) Market: Pricing Analysis
- 8. Global Post-Quantum Cryptography (PQC) Market: Geography Analysis
- 8.1. Global Post-Quantum Cryptography (PQC) Market, Geographical Analysis, 2024
- 8.2. Global Post-Quantum Cryptography (PQC) Market Attractiveness Analysis, 2024–2031
- 9. Global Post-Quantum Cryptography (PQC) Market Overview
- 9.1. Market Service & Forecast, 2019–2031
- 9.1.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Solution Type
- 9.2.1.1. Lattice-based
- 9.2.1.2. Code-based
- 9.2.1.3. Multivariate
- 9.2.1.4. Hash-based
- 9.2.1.5. Isogeny-based
- 9.2.1.6. Symmetric Key
- 9.2.2. By Service
- 9.2.2.1. Migration Services
- 9.2.2.2. Quantum Risk Assessment
- 9.2.3. By Organization Size
- 9.2.3.1. Large Enterprises
- 9.2.3.2. Small & Medium-sized Enterprises (SMEs)
- 9.2.4. By End Use Industry
- 9.2.4.1. BFSI
- 9.2.4.2. Government & Defense
- 9.2.4.3. IT & Telecom
- 9.2.4.4. Healthcare
- 9.2.4.5. Others
- 9.2.5. By Region
- 9.2.5.1.1. North America
- 9.2.5.1.2. Europe
- 9.2.5.1.3. Asia Pacific (APAC)
- 9.2.5.1.4. Latin America (LATAM)
- 9.2.5.1.5. Middle East and Africa (MEA)
- 10. North America Post-Quantum Cryptography (PQC) Market
- 10.1. Market Service & Forecast, 2019–2031
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Solution Type
- 10.2.2. By Service
- 10.2.3. By Organization Size
- 10.2.4. By End Use Industry
- 10.2.5. By Country
- 10.2.5.1. United States
- 10.2.5.1.1. By Solution Type
- 10.2.5.1.2. By Service
- 10.2.5.1.3. By Organization Size
- 10.2.5.1.4. By End Use Industry
- 10.2.5.2. Canada
- 10.2.5.2.1. By Solution Type
- 10.2.5.2.2. By Service
- 10.2.5.2.3. By Organization Size
- 10.2.5.2.4. By End Use Industry
- 11. Europe Post-Quantum Cryptography (PQC) Market
- 11.1. Market Service & Forecast, 2019–2031
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1.1. By Solution Type
- 11.2.1.2. By Service
- 11.2.1.3. By Organization Size
- 11.2.1.4. By End Use Industry
- 11.2.1.5. By Country
- 11.2.1.6. Germany Post-Quantum Cryptography (PQC) Market
- 11.2.1.6.1. By Solution Type
- 11.2.1.6.2. By Service
- 11.2.1.6.3. By Organization Size
- 11.2.1.6.4. By End Use Industry
- 11.2.1.7. United Kingdom Post-Quantum Cryptography (PQC) Market
- 11.2.1.7.1. By Solution Type
- 11.2.1.7.2. By Service
- 11.2.1.7.3. By Organization Size
- 11.2.1.7.4. By End Use Industry
- 11.2.1.8. Italy Post-Quantum Cryptography (PQC) Market
- 11.2.1.8.1. By Solution Type
- 11.2.1.8.2. By Service
- 11.2.1.8.3. By Organization Size
- 11.2.1.8.4. By End Use Industry
- 11.2.1.9. France Post-Quantum Cryptography (PQC) Market
- 11.2.1.9.1. By Solution Type
- 11.2.1.9.2. By Service
- 11.2.1.9.3. By Organization Size
- 11.2.1.9.4. By End Use Industry
- 11.2.1.10. Spain Post-Quantum Cryptography (PQC) Market
- 11.2.1.10.1. By Solution Type
- 11.2.1.10.2. By Service
- 11.2.1.10.3. By Organization Size
- 11.2.1.10.4. By End Use Industry
- 11.2.1.11. Belgium Post-Quantum Cryptography (PQC) Market
- 11.2.1.11.1. By Solution Type
- 11.2.1.11.2. By Service
- 11.2.1.11.3. By Organization Size
- 11.2.1.11.4. By End Use Industry
- 11.2.1.12. Russia
- 11.2.1.12.1. By Solution Type
- 11.2.1.12.2. By Service
- 11.2.1.12.3. By Organization Size
- 11.2.1.12.4. By End Use Industry
- 11.2.1.13. The Netherlands Post-Quantum Cryptography (PQC) Market
- 11.2.1.13.1. By Solution Type
- 11.2.1.13.2. By Service
- 11.2.1.13.3. By Organization Size
- 11.2.1.13.4. By End Use Industry
- 11.2.1.13.5.
- 11.2.1.14. Rest of Europe
- 11.2.1.14.1. By Solution Type
- 11.2.1.14.2. By Service
- 11.2.1.14.3. By Organization Size
- 11.2.1.14.4. By End Use Industry
- 12. Asia Pacific Post-Quantum Cryptography (PQC) Market
- 12.1. Market Service & Forecast, 2019–2031
- 12.2. By Value (USD Million)
- 12.3. Market Share & Forecast
- 12.3.1. By Solution Type
- 12.3.2. By Service
- 12.3.3. By Organization Size
- 12.3.4. By End Use Industry
- 12.3.4.1. China Post-Quantum Cryptography (PQC) Market
- 12.3.4.1.1. By Solution Type
- 12.3.4.1.2. By Service
- 12.3.4.1.3. By Organization Size
- 12.3.4.1.4. By End Use Industry
- 12.3.4.2. India Post-Quantum Cryptography (PQC) Market
- 12.3.4.2.1. By Solution Type
- 12.3.4.2.2. By Service
- 12.3.4.2.3. By Organization Size
- 12.3.4.2.4. By End Use Industry
- 12.3.4.3. Japan Post-Quantum Cryptography (PQC) Market
- 12.3.4.3.1. By Solution Type
- 12.3.4.3.2. By Service
- 12.3.4.3.3. By Organization Size
- 12.3.4.3.4. By End Use Industry
- 12.3.4.4. South Korea Post-Quantum Cryptography (PQC) Market
- 12.3.4.4.1. By Solution Type
- 12.3.4.4.2. By Service
- 12.3.4.4.3. By Organization Size
- 12.3.4.4.4. By End Use Industry
- 12.3.4.5. Australia and New Zealand Post-Quantum Cryptography (PQC) Market
- 12.3.4.5.1. By Solution Type
- 12.3.4.5.2. By Service
- 12.3.4.5.3. By Organization Size
- 12.3.4.5.4. By End Use Industry
- 12.3.4.6. Indonesia Post-Quantum Cryptography (PQC) Market
- 12.3.4.6.1. By Solution Type
- 12.3.4.6.2. By Service
- 12.3.4.6.3. By Organization Size
- 12.3.4.6.4. By End Use Industry
- 12.3.4.7. Malaysia Post-Quantum Cryptography (PQC) Market
- 12.3.4.7.1. By Solution Type
- 12.3.4.7.2. By Service
- 12.3.4.7.3. By Organization Size
- 12.3.4.7.4. By End Use Industry
- 12.3.4.8. Singapore
- 12.3.4.8.1. By Solution Type
- 12.3.4.8.2. By Service
- 12.3.4.8.3. By Organization Size
- 12.3.4.8.4. By End Use Industry
- 12.3.4.9. Vietnam
- 12.3.4.9.1. By Solution Type
- 12.3.4.9.2. By Service
- 12.3.4.9.3. By Organization Size
- 12.3.4.9.4. By End Use Industry
- 12.3.4.10. Rest of APAC
- 12.3.4.10.1. By Solution Type
- 12.3.4.10.2. By Service
- 12.3.4.10.3. By Organization Size
- 12.3.4.10.4. By End Use Industry
- 13. Latin America Post-Quantum Cryptography (PQC) Market
- 13.1. Market Service & Forecast, 2019–2031
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Solution Type
- 13.2.2. By Service
- 13.2.3. By Organization Size
- 13.2.4. By End Use Industry
- 13.2.5. By Country
- 13.2.5.1. Brazil
- 13.2.5.1.1. By Solution Type
- 13.2.5.1.2. By Service
- 13.2.5.1.3. By Organization Size
- 13.2.5.1.4. By End Use Industry
- 13.2.5.2. Mexico
- 13.2.5.2.1. By Solution Type
- 13.2.5.2.2. By Service
- 13.2.5.2.3. By Organization Size
- 13.2.5.2.4. By End Use Industry
- 13.2.5.3. Argentina
- 13.2.5.3.1. By Solution Type
- 13.2.5.3.2. By Service
- 13.2.5.3.3. By Organization Size
- 13.2.5.3.4. By End Use Industry
- 13.2.5.4. Peru
- 13.2.5.4.1. By Solution Type
- 13.2.5.4.2. By Service
- 13.2.5.4.3. By Organization Size
- 13.2.5.4.4. By End Use Industry
- 13.2.5.5. Rest of LATAM
- 13.2.5.5.1. By Solution Type
- 13.2.5.5.2. By Service
- 13.2.5.5.3. By Organization Size
- 13.2.5.5.4. By End Use Industry
- 14. Middle East and Africa Post-Quantum Cryptography (PQC) Market
- 14.1. Market Service & Forecast, 2019–2031
- 14.1.1. By Value (USD Million)
- 14.2. Market Share & Forecast
- 14.2.1. By Solution Type
- 14.2.2. By Service
- 14.2.3. By Organization Size
- 14.2.4. By End Use Industry
- 14.2.5. By Country
- 14.2.5.1. Saudi Arabia
- 14.2.5.1.1. By Solution Type
- 14.2.5.1.2. By Service
- 14.2.5.1.3. By Organization Size
- 14.2.5.1.4. By End Use Industry
- 14.2.5.2. UAE
- 14.2.5.2.1. By Solution Type
- 14.2.5.2.2. By Service
- 14.2.5.2.3. By Organization Size
- 14.2.5.2.4. By End Use Industry
- 14.2.5.3. Qatar
- 14.2.5.3.1. By Solution Type
- 14.2.5.3.2. By Service
- 14.2.5.3.3. By Organization Size
- 14.2.5.3.4. By End Use Industry
- 14.2.5.4. Kuwait
- 14.2.5.4.1. By Solution Type
- 14.2.5.4.2. By Service
- 14.2.5.4.3. By Organization Size
- 14.2.5.4.4. By End Use Industry
- 14.2.5.5. South Africa
- 14.2.5.5.1. By Solution Type
- 14.2.5.5.2. By Service
- 14.2.5.5.3. By Organization Size
- 14.2.5.5.4. By End Use Industry
- 14.2.5.6. Nigeria
- 14.2.5.6.1. By Solution Type
- 14.2.5.6.2. By Service
- 14.2.5.6.3. By Organization Size
- 14.2.5.6.4. By End Use Industry
- 14.2.5.7. Algeria
- 14.2.5.7.1. By Solution Type
- 14.2.5.7.2. By Service
- 14.2.5.7.3. By Organization Size
- 14.2.5.7.4. By End Use Industry
- 14.2.5.8. Rest of MEA
- 14.2.5.8.1. By Solution Type
- 14.2.5.8.2. By Service
- 14.2.5.8.3. By Organization Size
- 14.2.5.8.4. By End Use Industry
- 15. Competitive Landscape
- 15.1. List of Key Players and Their Offering
- 15.2. Company Share Analysis, 2024
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 16. Impact of Escalating Geopolitical Tensions on Post-Quantum Cryptography (PQC) Market
- 17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 17.1. Google
- 17.2. IBM
- 17.3. Infineon Technologies AG
- 17.4. Microsoft
- 17.5. NXP Semiconductors
- 17.6. Intel Corporation
- 17.7. Huawei Technologies Co., Ltd
- 17.8. Cisco Systems, Inc
- 17.9. ETAS
- 17.10. NORMA Inc.
- 17.11. DigiCert
- 17.12. Palo Alto Networks
- 17.13. Amazon Web Services (AWS)
- 17.14. Other Players
- 18. Key Strategic Recommendations
- 19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
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