Global Post-Quantum Cryptography Market Size, Share & Industry Analysis Report By Services (Design, Implementation, Consulting, Migration Services and Quantum Risk Assessment), By Type, By Enterprise Size, By Vertical, By Solution, By Regional Outlook and

The Global Post-Quantum Cryptography Market size is expected to reach USD 13.94 billion by 2032, rising at a market growth of 39.6% CAGR during the forecast period.

Key Highlights:

• The North America Post-Quantum Cryptography market dominated the Global Market in 2024, accounting for a 37.90% revenue share in 2024.
• The US Post-Quantum Cryptography market is expected to continue its dominance in North America region thereby reaching a market size of 3.72 billion by 2032.
• Among the various solution Processor Solution segments, the Quantum-Resistant Algorithms dominated the global market contributing a revenue share of 26.09% in 2024.
• In terms of the Vertical segmentation, the BFSI segment is projected to dominate the global market with the projected revenue share of 28.42% in 2032.
• Lattice-Based Cryptography led the Type segments in 2024, capturing a 46.64% revenue share and is projected to continue its dominance during projected period.

Post-quantum cryptography has largely evolved from academic research into a global security priority as industries and governments prepare for quantum-driven cyber threats. Traditional encryption systems such as ECC and RSA are vulnerable to quantum attacks, enabling enterprises like the NSA, NIST, and ENISA to issue migration guidelines and accelerate the adoption of quantum-resistant algorithms. OEMs and major technology providers, including Google, Intel, IBM, Cisco, Microsoft, and AWS, are integrating PQC into communication protocols, routers, cloud services, hardware, and IoT devices. This transformation is s driven by increasing concerns over “harvest now, decrypt-later” threats, driving industries like defense, healthcare, telecom, and banking to proactively adopt cyrpto-agile infrastructure and hybrid cryptographic architectures.

The post-quantum cryptography market’s landscape is defined by intense collaboration and commercial integration among technology firms, governments, and technology firms. Key market trends include large-scale adoption of hybrid classical-PQC security models, crypto-agility frameworks, and hardware-level acceleration that allow smooth algorithm upgrades. Leading market players are gaining a competitive advantage through active participation in open-source PQC development, standardization efforts, and enterprise migration toolkits. Semiconductor firms, network equipment providers, and cloud hyperscalers are also integrating PQC capabilities into their ecosystems to secure future supply chains. With the shifting focus from research to large-scale implementation, competition largely centers on scalability, performance, interoperability, and readiness for post-quantum mandates.

COVID 19 Impact Analysis

The Covid-19 pandemic had a small positive effect on the Post-Quantum Cryptography (PQC) market by speeding up the shift to digital technology and making people more aware of the need for secure remote communication. More people working from home and using the cloud made people more aware of long-term cybersecurity risks, such as quantum threats that may come. Instead of using quantum-resistant algorithms in full scale, companies and governments started looking into them through pilot projects and early investments. The pandemic made cyber vulnerabilities worse, which led to the evaluation of next-generation security frameworks. Government agencies and important parts of the economy, like defense, banking, and telecom, looked again at how strong cryptography is. Overall, Covid-19 made PQC's strategic importance and market presence stronger. The pandemic helped set the stage for stronger post-pandemic adoption, even though growth stayed steady. Thus, the COVID-19 pandemic had a mild positive impact on the market.

Market Share Analysis

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater to demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Services Outlook

Based on services, the post-quantum cryptography market is characterized into design, implementation, consulting, migration services, and quantum risk assessment.  The migration services segment attained 37% revenue share in the post-quantum cryptography Market in 2024.  The migration services segment plays a critical role in assisting organizations as they shift from traditional cryptographic methods to quantum-secure alternatives. This includes evaluating existing infrastructure, identifying vulnerable components, and executing a systematic transition to post-quantum algorithms.

Enterprise size Outlook

By enterprise size, the post-quantum cryptography market is divided into large enterprises and small & medium enterprises (SMEs). The small & medium enterprises (SMEs) segment recorded 29% revenue share in the post-quantum cryptography market in 2024.  The small & medium enterprises segment reflects a growing inclination toward quantum-safe security as awareness of emerging threats increases. SMEs are increasingly adopting advanced cryptographic tools to secure their systems, customer data, and digital transactions as they expand their digital footprints.

Regional Outlook

Region-wise, the post-quantum cryptography market is analyzed across North America, Europe, Asia Pacific, and LAMEA.  The North America segment recorded 38% revenue share in the post-quantum cryptography market in 2024. In North America and LAMEA, the post-quantum cryptography market is anticipated to expand at a substantial rate in the upcoming years. The adoption is driven by strong regulatory leadership and early industrial participation. In the US, agencies such as the NSA and NISR have created a structured migration path with PQC standardization efforts and the CNSA 2.0 directives, prompting rapid integration across critical infrastructure and government. Moreover, Europe post-quantum cryptography market is growing with support from ENISA and national cybersecurity agencies, encouraging sectors like telecom, banking, and healthcare to adopt hybrid cryptographic, and crypto-agility models, Major technology companies based in these regions such as Google, IBM, Cisco, Nokia, Intel, and Microsoft are embedding PQC into communication protocols, cloud platforms, enterprise systems, and chipsets, making the region global leader for testing, algorithm development, and early commercial implementations.

The post-quantum cryptography market is predicted to grow at a prominent rate in the Asia Pacific and LAMEA region. This is because of surging adoption as governments and industries are preparing for quantum-era threats, though the pace varies by national readiness. Nations like South Korea, China, Japan, and Australia are largely investing in quantum research and issuing early migration frameworks to align with NIST standards, while telecom and cloud providers in the region are testing PQC integration into IoT devices, 5G infrastructure, and networks. Furthermore, the LAMEA market is accelerating, driven by rising adoption due to critical infrastructure modernization, increasing cyber risks, and pressure from global supply chains to implement quantum-safe security. LAMEA and APAC enterprises largely rely on cloud hyperscalers, OEMs, and cybersecurity providers to deploy PQC-allowing solutions.

Recent Strategies Deployed in the Market

• Mar-2025: IBM Corporation and Vodafone partnered to enhance Vodafone Secure Net using IBM’s quantum-safe technology, implementing NIST post-quantum cryptography standards. This collaboration aims to protect customers from future quantum computing threats and leads industry adoption of quantum-safe security solutions.
• Feb-2025: Thales Group S.A. and Quantum Dice came into partnership to launch a QRNG-backed Hardware Security Module integrating Quantum Dice’s DISC™ protocol with Thales Luna HSM, enhancing cryptographic key security and enabling seamless transition to quantum-resistant encryption across industries.
• Jan-2025: Palo Alto Networks partnered with six QRNG innovators to launch a QRNG Open API, enhancing quantum-resistant cryptography adoption. This framework promotes multi-vendor interoperability, strengthens cybersecurity, and prepares organizations for future quantum computing threats in the post-quantum cryptography market.
• Jan-2025: IBM Corporation came into partnership with Telefónica Tech to integrate quantum-safe technology into Telefónica's cybersecurity services, enhancing data protection against quantum computing threats and adopting NIST-defined quantum-safe standards for improved cryptographic security.
• Nov-2024: NXP launched the i.MX 94 family of processors, offering secure, real-time connectivity for industrial and automotive applications. Notably, it integrates post-quantum cryptography (PQC) to protect against quantum computing threats, enhancing security and connectivity for complex networking environments.
• Oct-2024: IBM launched IBM Guardium Data Security Center, offering unified data security for hybrid cloud, AI, and quantum environments. It includes IBM Guardium Quantum Safe, protecting encrypted data from future quantum threats, and IBM Guardium AI Security for safeguarding AI deployments.
• Sep-2023: Palo Alto Networks, Inc. and Quantropi partnered to deliver the QiSpace™ PPK Generator, an RFC 8784-compliant solution that strengthens IPSec VPNs against quantum attacks by using quantum-generated preshared keys, offering immediate post-quantum security before full PQC algorithm adoption.
• May-2022: NXP Semiconductors N.V. and BlackBerry partnered to secure vehicle software using NIST-approved quantum-resistant CRYSTALS Dilithium signatures, protecting critical infrastructure and long-lived assets from future quantum computing attacks, addressing rising cybersecurity risks in industries like automotive, aerospace, and telecommunications.

List of Key Companies Profiled

• ISARA Corporation
• IBM Corporation
• NXP Semiconductors N.V.
• Thales Group S.A.
• IDEMIA SAS
• Palo Alto Networks, Inc.
• Amazon.com, Inc.
• Microsoft Corporation
• Google LLC (Alphabet Inc.)
• DigiCert, Inc. (Clearlake Capital Group, L.P.)

Global Post-Quantum Cryptography Market Report Segmentation

By Services

• Design, Implementation, Consulting
• Migration Services
• Quantum Risk Assessment

By Type

• Lattice-Based Cryptography
• Code-Based Cryptography
• Hash-Based Cryptography
• Multivariate Cryptography
• Other Type

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Vertical

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

By Solution

• Quantum-Resistant Algorithms
• Quantum-Resistant Encryption Solutions
• Quantum-Safe Cryptographic Libraries
• Quantum-Safe Authentication Solutions
• Quantum-Safe VPN, Email, Messaging
• Quantum-Safe Hardware
• Other Solution

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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