Post-Quantum Cryptography (PQC) Market Report 2026

Post-Quantum Cryptography (PQC) Market Overview

• Post-Quantum Cryptography (PQC) market size has reached to $0.59 billion in 2025 • Expected to grow to $2.23 billion in 2030 at a compound annual growth rate (CAGR) of 30.1% • Growth Driver: Rising Cybersecurity Threats Fueling the Growth of the Market due to Increasing Frequency and Impact of Cyberattacks • Market Trend: Advancements In Cybersecurity Software For Post-Quantum Cryptography: Ensuring Future-Proof Data Protection • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Post-Quantum Cryptography (PQC) Market?

Post-quantum cryptography (PQC) refers to cryptographic methods designed to resist quantum computer attacks. They focus on developing new algorithms based on mathematical problems considered hard for classical and quantum systems, ensuring data and communications remain secure in a future where quantum computing power is widely available. The main post-quantum cryptography (PQC) categories include solutions and services. Solutions refer to post-quantum cryptographic software or hardware products that integrate quantum-safe algorithms into existing security systems. It is used by small and medium-sized enterprises and large enterprises for various security applications such as network security and application security. It is used by different end users such as banking, financial services and insurance (BFSI), government and defense, healthcare, information technology and information technology-enabled services, retail and e-commerce.

What Is The Post-Quantum Cryptography (PQC) Market Growth Forecast?

The post-quantum cryptography (pqc) market size is expected to see exponential growth in the next few years. It will grow to $2.23 billion in 2030 at a compound annual growth rate (CAGR) of 30.1%. The growth in the forecast period can be attributed to commercialization of quantum computing systems, mandatory PQC compliance frameworks, integration into financial security platforms, adoption across cloud infrastructure, rising government cybersecurity investment. Major trends in the forecast period include quantum-resistant encryption deployment, hybrid cryptographic algorithm adoption, enterprise security migration programs, cloud-based PQC integration, government-led cryptography standardization.

Global Post-Quantum Cryptography (PQC) Market Segmentation

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

What Is The Driver Of The Post-Quantum Cryptography (PQC) Market?

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) industry.

Key Players In The Global Post-Quantum Cryptography (PQC) Market

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.

Global Post-Quantum Cryptography (PQC) Market Trends and Insights

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.

What Are Latest Mergers And Acquisitions In The Post-Quantum Cryptography (PQC) Market?

In September 2024, BTQ Technologies Corp., a Canada-based provider of quantum technology and quantum-secure communications, acquired Radical Semiconductor Inc. for an undisclosed amount. Through this acquisition, BTQ aims to strengthen its post-quantum cryptography offerings by integrating Radical Semiconductor’s cryptographic accelerator hardware supporting NIST-standard PQC algorithms such as Kyber and Dilithium. Radical Semiconductor Inc. is a US-based company that provides cryptographic accelerator hardware designed for efficient implementation of post-quantum cryptography algorithms.

Regional Insights

North America was the largest region in the post-quantum cryptography market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Post-Quantum Cryptography (PQC) Market?

The post-quantum cryptography (PQC) market consists of revenues earned by entities providing services such as algorithm development, security implementation and compliance support. The market value includes the value of related security solutions and encryption services offered by providers. The post-quantum cryptography (PQC) market also includes sales of secure messaging platforms, post quantum key exchange libraries and digital signature solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Post-Quantum Cryptography (PQC) Market Report 2026?

The post-quantum cryptography (pqc) market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the post-quantum cryptography (pqc) industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.