The global post-quantum cryptography market size was estimated at USD 1.15 billion in 2024 and is projected to reach USD 7.82 billion by 2030, growing at a CAGR of 37.6% from 2025 to 2030. The post-quantum cryptography (PQC) market is primarily driven by increasing awareness regarding the limitations and vulnerabilities of traditional cryptographic systems as quantum computing technology continues to advance. As quantum capabilities evolve, existing encryption methods face potential risks, prompting organizations and technology leaders to actively explore and implement quantum-resistant security frameworks.

Organizations across industries such as finance, healthcare, government, and telecommunications are recognizing the growing urgency to safeguard highly sensitive and confidential data against future quantum-enabled cyber threats. This rising concern is significantly accelerating the adoption of advanced encryption approaches designed to remain secure even in the presence of quantum computing power. Continuous research initiatives, technological innovation, and collaborative efforts among cybersecurity providers, academic institutions, and global standardization authorities such as NIST are further supporting the development and deployment of quantum-safe solutions. Additionally, the increasing frequency and sophistication of cyberattacks and data breaches are encouraging enterprises to strengthen their long-term cybersecurity strategies by investing in next-generation encryption technologies capable of addressing emerging risks.

Government regulations and policy initiatives are also playing a crucial role in shaping industry growth by encouraging standardization and promoting the implementation of quantum-safe cryptographic practices across critical infrastructure sectors, including defense, financial services, and public safety systems. Public and private investments aimed at enhancing national cybersecurity resilience are contributing to faster innovation and adoption of PQC technologies worldwide.

At the same time, the rapid expansion of connected ecosystems driven by IoT devices, 5G networks, and cloud computing platforms is generating unprecedented volumes of sensitive data that require scalable, future-proof encryption mechanisms. This evolving digital landscape makes PQC a foundational element of modern cybersecurity architectures. Furthermore, the integration of post-quantum cryptography with emerging technologies such as edge computing and advanced network architectures, including network slicing, is essential to maintaining both strong security and operational efficiency in next-generation communication environments. Ongoing technological advancements, combined with strategic partnerships and industry-wide initiatives, are continuously improving the performance, scalability, and real-world applicability of PQC solutions, thereby supporting sustained market expansion.

Key Market Trends & Insights:

• North America dominated the post-quantum cryptography vertical in 2024, accounting for a revenue share of over 37%. The region’s leadership can be attributed to strong technological infrastructure, early adoption of advanced cybersecurity solutions, and significant investments in quantum computing research and development. The presence of leading technology companies, government-backed cybersecurity initiatives, and active collaboration between public and private organizations has accelerated the deployment of quantum-safe encryption technologies. In addition, increasing concerns regarding data protection, national security, and critical infrastructure resilience have encouraged enterprises and government agencies across North America to prioritize post-quantum cryptography adoption.

• The post-quantum cryptography market in the U.S. is anticipated to exhibit a significant CAGR over the forecast period. This growth is supported by rising awareness of quantum-related cybersecurity risks, increasing regulatory focus on data protection standards, and ongoing efforts by federal agencies and research institutions to establish quantum-resistant encryption frameworks. Organizations across industries are actively transitioning toward future-ready security systems to safeguard sensitive information against potential quantum threats, further driving adoption across the country.

• In terms of the type segment, the lattice-based cryptography segment led the market in 2024, accounting for over 48% of global revenue. The dominance of this segment is largely due to its strong resistance to quantum attacks and its flexibility in supporting multiple cryptographic functions such as encryption, digital signatures, and key exchange mechanisms. Lattice-based algorithms are widely regarded as practical and efficient for real-world implementation, making them a preferred choice among researchers, technology providers, and enterprises seeking scalable quantum-resistant security solutions.

• In terms of the solution segment, quantum-resistant algorithms led the market in 2024. These algorithms form the core foundation of post-quantum security by enabling organizations to replace or upgrade traditional cryptographic methods with quantum-safe alternatives. Their growing adoption reflects the increasing need for long-term data protection strategies capable of withstanding future computational advancements while ensuring compatibility with existing digital infrastructures.

• In terms of the services segment, the design, implementation, and consulting segment led the market in 2024. Organizations are increasingly relying on specialized service providers to assess vulnerabilities, develop migration strategies, and integrate post-quantum cryptography into existing systems without disrupting operations. The complexity of transitioning to quantum-safe environments has created strong demand for expert guidance, customized deployment solutions, and ongoing technical support, contributing to the segment’s leading position within the industry.

Order a free sample PDF of the Post-Quantum Cryptography Market Intelligence Study, published by Grand View Research.

Market Size & Forecast:

• 2024 Market Size: USD 1.15 Billion

• 2030 Projected Market Size: USD 7.82 Billion

• CAGR (2025-2030): 37.6%

• North America: Largest market in 2024

• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Some key companies in the post-quantum cryptography vertical are NXP Semiconductors, Thales Group, Palo Alto Networks, and IBM Corporation, all of which play an important role in advancing quantum-resistant security technologies through innovation, partnerships, and continuous research initiatives.

NXP Semiconductors provides secure connectivity and embedded security solutions designed to protect devices against emerging quantum-era cyber threats. The company is actively advancing post-quantum cryptography by integrating quantum-resistant capabilities into hardware-level security architectures. Its innovative i.MX 94 family incorporates PQC features within a secure enclave, allowing devices to perform secure booting and firmware updates using both classical and quantum-resistant cryptographic methods. By embedding security directly into semiconductor platforms, NXP helps ensure long-term protection for connected devices. The company also collaborates closely with global standards organizations such as NIST to develop future-ready security frameworks. These efforts support industries including automotive, industrial automation, Internet of Things (IoT), and communications, enabling organizations to adopt scalable and future-proof cybersecurity solutions.

Thales Group delivers advanced cybersecurity and digital identity solutions with strong integration of post-quantum cryptography technologies. The company incorporates PQC algorithms, including Falcon digital signatures, into its security portfolio to address risks posed by quantum computing advancements. Its crypto-agile platforms enable hybrid cryptography, allowing organizations to operate with both traditional and quantum-resistant encryption simultaneously during the transition phase toward quantum-safe environments. Thales actively participates in global standardization initiatives aimed at defining next-generation cryptographic protocols. In addition, the company provides quantum-resistant solutions for applications such as 5G SIM cards, secure communications systems, and digital identity protection. Through these initiatives, Thales supports governments and enterprises in migrating toward resilient, quantum-safe security infrastructures while maintaining operational continuity and compliance with evolving security standards.

Key Players

• NXP Semiconductor

• Thales

• IDEMIA

• Palo Alto Networks

• DigiCert

• Kloch Technologies, LLC

• PQ Solutions Limited

• PQShield Ltd

• Entrust Corporation

• IBM Corporation

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion:

The post-quantum cryptography industry is expected to experience rapid expansion as organizations increasingly recognize the security risks posed by advancements in quantum computing. Growing concerns over data protection, future cyber threats, and the vulnerability of traditional encryption methods are accelerating the transition toward quantum-resistant security frameworks. Governments, regulatory bodies, and technology providers are actively supporting research, standardization, and deployment initiatives to ensure long-term data security across critical sectors.