The Post-Quantum Cryptography Market is Predicted to reach USD 13.94 Billion by 2032, at a CAGR of 39.6%

Post-Quantum Cryptography Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, 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.

Post-quantum cryptography (PQC) has emerged as a critical global priority as governments, industries, and technology developers prepare for the era of large-scale quantum computers. Traditional public-key encryption systems—such as RSA and ECC—are vulnerable to quantum attacks, particularly through Shor’s algorithm, which can theoretically break these cryptosystems in polynomial time. Public agencies such as the U.S. National Institute of Standards and Technology (NIST) and the National Security Agency (NSA) have repeatedly emphasized the urgency of transitioning to quantum-resistant security to protect digital infrastructure for the coming decades. Their initiatives have played a key role in accelerating the global PQC ecosystem.

The Design, Implementation, Consulting segment is leading the Global Post-Quantum Cryptography Market by Services in 2024, growing at a CAGR of 39 % during the forecast period.  The design, implementation, and consulting segment represents a foundational part of the post-quantum cryptography landscape, focusing on helping organizations architect and transition toward quantum-resistant security frameworks. This segment involves developing tailored cryptographic designs, integrating post-quantum algorithms into existing systems, and providing expert guidance to ensure smooth adoption.

The Lattice-Based Cryptography segment is generating maximum revenue share in the Global Post-Quantum Cryptography Market by Type in 2024; thereby, achieving a market value of $6.23 billion by 2032. The lattice-based cryptography segment represents a key area within the post-quantum cryptography landscape, supported by its strong security foundations and suitability for a wide range of practical applications. Its structure enables resistance to quantum attacks while maintaining efficiency, making it a preferred choice for many emerging implementations. The segment continues to gain traction as organizations seek highly reliable and scalable cryptographic solutions for future systems.

The Large Enterprises segment led the Global Post-Quantum Cryptography Market by Enterprise Size in 2024, growing at a CAGR of 39.1 % during the forecast period. The large enterprises segment plays a prominent role in the adoption of post-quantum cryptographic solutions due to the scale and complexity of their digital infrastructures. These organizations typically handle vast volumes of sensitive data, operate across multiple regions, and manage sophisticated IT ecosystems that require advanced protection against evolving cyber threats.

The BFSI segment is leading the Global Post-Quantum Cryptography Market by Vertical in 2024, thereby, achieving a market value of $3.69 billion by 2032. The BFSI segment remains a crucial area within the post-quantum cryptography market, driven by the sector’s need to protect highly sensitive financial data, digital transactions, and customer information. With an increasing focus on secure communication channels and compliance with evolving security regulations, financial institutions are actively investing in quantum-resistant technologies.

The Quantum-Resistant Algorithms segment dominated the Global Post-Quantum Cryptography Market by Solution in 2024, growing at a CAGR of 37.1 % during the forecast period. The quantum-resistant algorithms segment forms the core of the post-quantum cryptography landscape, focusing on the development and deployment of advanced mathematical constructions capable of withstanding quantum-based attacks. These algorithms serve as the foundation for securing digital communications, data storage, and authentication processes in a future where quantum computing capabilities may render traditional cryptographic systems vulnerable.

Full Report: https://www.kbvresearch.com/post-quantum-cryptography-market/

The North America region dominated the Global Post-Quantum Cryptography Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $5.08 billion by 2032. The Europe region is experiencing a CAGR of 39.1% during (2025 - 2032). Additionally, The Asia Pacific region would exhibit a CAGR of 40.3% during (2025 - 2032).

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.)

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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