Post-Quantum Cryptography Market

Post Quantum Cryptography Market

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Market Outlook:

The Global Post-Quantum Cryptography Market is expected to commercialize PQC solutions and services from the year 2024. It is expected to value at USD 158.3 Million in 2024 and is expected to reach USD 8,763.8 Million in 2030, expanding at a CAGR of 95.2% during the forecast period.

Post-quantum cryptography, also known as quantum-proof, quantum encryption, and quantum-resistant or quantum-safe, is the creation of encryption systems for classical computers that can withstand quantum computer attacks. Post-quantum cryptography typically refers to public-key cryptography methods that are designed to be resistant to quantum computer-based attacks. It equips users with the future of quantum computing by modifying existing mathematical-based algorithms and standards.

Post-Quantum Cryptography Market Outlook

Market Dynamics

Growing cyber-attack incidents

Data breaches and cyber-attacks have become more common and prominent than ever before with the advent of digitization. The growing number of connected devices is complicating cyber risk management and causing undesirable cyber events all around the world. As a result, cyber-attacks are becoming more common and are increasingly targeting corporations and governments. Cyber-attackers primarily target the United States, Europe, Brazil, India, China, Turkey, Pakistan, and Algeria.

Post Quantum Cryptography approaches are anticipated to be used by IT executives to combat quantum technology as they are quantum-resistant or quantum-safe. These organizations are anticipated to be inclined to adopt quantum technology more quickly than the adoption rate of artificial intelligence, which in turn, is expected to propel the Global Post-Quantum Cryptography Market during the forecast period.

Evolution of Wireless Network Technologies

Wireless networks are important modes of communication. As a result, protecting the security of data carried across wireless networks is critical. Classical cryptography provides conditional security with multiple flaws for wireless networks, whereas post-quantum cryptography is unconditionally safe.

The primary shortcoming of classical cryptography is that it does not allow the sender and receiver to detect the presence of an adversary. As quantum computers become practical, various classical cryptosystems become breakable. Rising awareness about the various flaws in classical cryptosystems among people is anticipated to boost the use of alternatives for safeguarding future electronic communication.

Post-quantum cryptography addresses the numerous flaws encountered in traditional cryptosystems. The benefit of post-quantum cryptography over classic cryptographic systems is that it provides unconditional security to combine with wireless networks. Thus, boosting the market in the coming years.

Rising Demand for Security Solutions Across Several Industry Verticals

The BFSI and government sectors are implementing security solutions to secure their transactions. Daily transactions are rising due to the rapid rise in the number of online enterprises. It is critical to protect customer and proprietary information in banking transactions and apps. Thus, post-quantum cryptography is expected to become integral for the security of these transactions in the coming years.

Financial institutions offer online banking and online transactions to their consumers, which is projected to increase payment security as a result of next-generation post-quantum cryptography technologies. Furthermore, government agencies are required to securely communicate massive amounts of confidential data globally, which increases susceptibility to cyber-attacks. Post-quantum cryptography provides the best key generation procedures for extremely secure crypto operations and banking solutions.

It creates keys for the use in security applications and cryptographic processes, including authentication, digital signatures, and secure access control. Furthermore, it assists governments protect mission-critical data and delivers high-performance layer encryption. These factors are projected to expand rapidly during the forecast period.

High Implementation and Installation Costs

Although the use of quantum cryptography solutions improves communication security, they are costly and time-consuming to implement, which is expected to restrain the use of post-quantum cryptography solutions in the near future. Their installation costs rise with the growing distance; as a result, enterprises have to pay high fees for implementing and sustaining these solutions and services, which may become burdensome.

Furthermore, the adoption necessitates costly infrastructure, increasing the cost for businesses. Post-quantum cryptography is expected to be a practical alternative for enterprises, as it requires fewer computing infrastructure changes while replacing present encryption techniques.

However, the move is challenging for businesses that need to negotiate a diverse protocol landscape. The challenge is accentuated by the transition that takes time and requires frequent software upgrades, which are anticipated to restrict the market.

Growing Need for Next-Generation Security Solutions for Cloud and IoT Technologies

The Internet of things (IoT) is a network that connects the physical and cybernetic worlds. 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 injection. Thus, security vulnerabilities with IoT devices are harmful and must be addressed. Classical and lightweight cryptographic primitives and protocols are vulnerable to quantum attacks. A real-time application that uses traditional or lightweight cryptographic primitives and protocols, which does not provide complete security. Lightweight post-quantum cryptography systems need to be included due to their resistance 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 in this market in the coming years.

Scope of the Report

The report on the Global Post-Quantum Cryptography Market includes an assessment of the market, trends, segments, and regional markets. The overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Post-Quantum Cryptography Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2024

Historic Data

2015-2023

Forecast Period

2024–2030

Segmentation

By Type (Lattice-based Cryptography, Multivariate Cryptography, Hash-based Cryptography, Code-based Cryptography, Symmetric Key Quantum Resistance, and Isogeny-Based Cryptography), By Security Type (Application Security and Network Security), By Organization Size (Large Enterprise and Small & Medium Enterprises), By Industry Vertical (Banking & Finance, Information Technology, Government, Military & Defense, Telecommunication, Automotive & Transportation, Others)

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Google, IBM, Infineon Technologies AG, Microsoft, NXP Semiconductors, Intel Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc, ETAS, and NORMA Inc.

 

Segmental Outlook

The Global Post-Quantum Cryptography Market is segmented on the basis of type, security type, organization size, industry vertical, and regions.

In terms of Type, the Post-Quantum Cryptography Market is segmented into Lattice-based Cryptography, Multivariate Cryptography, Hash-based Cryptography, Code-based Cryptography, Symmetric Key Quantum Resistance, and Isogeny-Based Cryptography. Lattice-based Cryptography is expected to dominate the market in 2024, owing to its efficiency and versatility, with use cases ranging from the foundational building blocks of cryptography to highly complex protocols.

Post-Quantum Cryptography Market Type

On the basis of Security type, the Post-Quantum Cryptography market is segmented into Application Security and Network Security. The network security segment is expected to hold a substantial share of the market during the forecast. As it protects private information shared between two communicating parties from a third party.

Based on Organization size, the Post-Quantum Cryptography Market is segmented into Large Enterprise and Small & Medium Enterprises. The large enterprise segment is expected to dominate the market in 2024. As large enterprises companies make huge investments in R&D for new technologies.

In terms of Industry vertical, the Post-Quantum Cryptography Market is segmented into Banking & Finance, Information Technology, Government, Military & Defense, Telecommunication, Automotive & Transportation, and Others. Banking & Finance is expected to dominate the market in 2024, as it deals with highly sensitive information, such as financial transactions, personal data, and account information.

Regional Outlook

Based on regions, the Post-Quantum Cryptography Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific is projected to expand at a significant CAGR during the forecast period. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period due to the rising cyberattack incidents brought on by rapid digitalization, growing cybersecurity funding, ongoing adoption of next-generation security solutions for the cloud and IoT, and developing next-generation wireless network technologies.

Post-Quantum Cryptography Market Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Post-Quantum Cryptography Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Post-Quantum Cryptography Market Performance

Segments

By Type
  • Lattice-based Cryptography
  • Multivariate Cryptography
  • Hash-based Cryptography
  • Code-based Cryptography
  • Symmetric Key Quantum Resistance
  • Isogeny-Based Cryptography
By Security Type
  • Application Security
  • Network Security
By Organization Size
  • Large Enterprise
  • Small & Medium Enterprises
By Industry Vertical
  • Banking & Finance
  • Information Technology
  • Government
  • Military & Defense
  • Telecommunication
  • Automotive & Transportation
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • Google
  • IBM
  • Infineon Technologies AG
  • Microsoft
  • NXP Semiconductors
  • Intel Corporation
  • Huawei Technologies Co., Ltd.
  • Cisco Systems, Inc
  • ETAS
  • NORMA Inc.

Competitive Landscape

  • Top players in the market include Google, IBM, Infineon Technologies AG, Microsoft, NXP Semiconductors, Intel Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc, ETAS, and NORMA Inc.
  • These companies are considered key players of the Post-Quantum Cryptography Market based on their revenue, product offerings, regional presence, and value/ supply chain management system.
  • The players are adopting key strategies such as acquisition, collaborations, and geographical expansion which the potential opportunity for the Post-Quantum Cryptography Market.
Post-Quantum Cryptography Market Key Players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Post-Quantum Cryptography Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Post-Quantum Cryptography Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Post-Quantum Cryptography Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Post-Quantum Cryptography Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Post-Quantum Cryptography Market Size & Forecast, 2016-2031
      4.5.1 Post-Quantum Cryptography Market Size and Y-o-Y Growth
      4.5.2 Post-Quantum Cryptography Market Absolute $ Opportunity
   4.6 Global Post-Quantum Cryptography Market- Technological Outlook
   4.7 Global Post-Quantum Cryptography Market- Recent Development & Trend Analysis
Chapter 5 Global Post-Quantum Cryptography Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Post-Quantum Cryptography Market Size Forecast By Type
      5.2.1 Lattice-based Cryptography
      5.2.2 Multivariate Cryptography
      5.2.3 Hash-based Cryptography
      5.2.4 Code-based Cryptography
      5.2.5 Symmetric Key Quantum Resistance
      5.2.6 Isogeny-Based Cryptography
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Post-Quantum Cryptography Market Analysis and Forecast By Security Type
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Security Type
      6.1.2 Basis Point Share (BPS) Analysis By Security Type
      6.1.3 Absolute $ Opportunity Assessment By Security Type
   6.2 Post-Quantum Cryptography Market Size Forecast By Security Type
      6.2.1 Large Enterprise
      6.2.2 Small & Medium Enterprise
   6.3 Market Attractiveness Analysis By Security Type
Chapter 7 Global Post-Quantum Cryptography Market Analysis and Forecast By Industry Vertical
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Industry Vertical
      7.1.2 Basis Point Share (BPS) Analysis By Industry Vertical
      7.1.3 Absolute $ Opportunity Assessment By Industry Vertical
   7.2 Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      7.2.1 Banking & Finance
      7.2.2 Information Technology
      7.2.3 Government
      7.2.4 Military & Defense
      7.2.5 Telecommunication
      7.2.6 Automotive & Transportation
      7.2.7 Others
   7.3 Market Attractiveness Analysis By Industry Vertical
Chapter 8 Global Post-Quantum Cryptography Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Post-Quantum Cryptography Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Post-Quantum Cryptography Analysis and Forecast
   10.1 Introduction
   10.2 North America Post-Quantum Cryptography Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Post-Quantum Cryptography Market Size Forecast By Type
      10.6.1 Lattice-based Cryptography
      10.6.2 Multivariate Cryptography
      10.6.3 Hash-based Cryptography
      10.6.4 Code-based Cryptography
      10.6.5 Symmetric Key Quantum Resistance
      10.6.6 Isogeny-Based Cryptography
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Post-Quantum Cryptography Market Size Forecast By Security Type
      10.10.1 Large Enterprise
      10.10.2 Small & Medium Enterprise
   10.11 Basis Point Share (BPS) Analysis By Security Type
   10.12 Absolute $ Opportunity Assessment By Security Type
   10.13 Market Attractiveness Analysis By Security Type
   10.14 North America Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      10.14.1 Banking & Finance
      10.14.2 Information Technology
      10.14.3 Government
      10.14.4 Military & Defense
      10.14.5 Telecommunication
      10.14.6 Automotive & Transportation
      10.14.7 Others
   10.15 Basis Point Share (BPS) Analysis By Industry Vertical
   10.16 Absolute $ Opportunity Assessment By Industry Vertical
   10.17 Market Attractiveness Analysis By Industry Vertical
Chapter 11 Europe Post-Quantum Cryptography Analysis and Forecast
   11.1 Introduction
   11.2 Europe Post-Quantum Cryptography Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Post-Quantum Cryptography Market Size Forecast By Type
      11.6.1 Lattice-based Cryptography
      11.6.2 Multivariate Cryptography
      11.6.3 Hash-based Cryptography
      11.6.4 Code-based Cryptography
      11.6.5 Symmetric Key Quantum Resistance
      11.6.6 Isogeny-Based Cryptography
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Post-Quantum Cryptography Market Size Forecast By Security Type
      11.10.1 Large Enterprise
      11.10.2 Small & Medium Enterprise
   11.11 Basis Point Share (BPS) Analysis By Security Type
   11.12 Absolute $ Opportunity Assessment By Security Type
   11.13 Market Attractiveness Analysis By Security Type
   11.14 Europe Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      11.14.1 Banking & Finance
      11.14.2 Information Technology
      11.14.3 Government
      11.14.4 Military & Defense
      11.14.5 Telecommunication
      11.14.6 Automotive & Transportation
      11.14.7 Others
   11.15 Basis Point Share (BPS) Analysis By Industry Vertical
   11.16 Absolute $ Opportunity Assessment By Industry Vertical
   11.17 Market Attractiveness Analysis By Industry Vertical
Chapter 12 Asia Pacific Post-Quantum Cryptography Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Post-Quantum Cryptography Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Post-Quantum Cryptography Market Size Forecast By Type
      12.6.1 Lattice-based Cryptography
      12.6.2 Multivariate Cryptography
      12.6.3 Hash-based Cryptography
      12.6.4 Code-based Cryptography
      12.6.5 Symmetric Key Quantum Resistance
      12.6.6 Isogeny-Based Cryptography
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Post-Quantum Cryptography Market Size Forecast By Security Type
      12.10.1 Large Enterprise
      12.10.2 Small & Medium Enterprise
   12.11 Basis Point Share (BPS) Analysis By Security Type
   12.12 Absolute $ Opportunity Assessment By Security Type
   12.13 Market Attractiveness Analysis By Security Type
   12.14 Asia Pacific Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      12.14.1 Banking & Finance
      12.14.2 Information Technology
      12.14.3 Government
      12.14.4 Military & Defense
      12.14.5 Telecommunication
      12.14.6 Automotive & Transportation
      12.14.7 Others
   12.15 Basis Point Share (BPS) Analysis By Industry Vertical
   12.16 Absolute $ Opportunity Assessment By Industry Vertical
   12.17 Market Attractiveness Analysis By Industry Vertical
Chapter 13 Latin America Post-Quantum Cryptography Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Post-Quantum Cryptography Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Post-Quantum Cryptography Market Size Forecast By Type
      13.6.1 Lattice-based Cryptography
      13.6.2 Multivariate Cryptography
      13.6.3 Hash-based Cryptography
      13.6.4 Code-based Cryptography
      13.6.5 Symmetric Key Quantum Resistance
      13.6.6 Isogeny-Based Cryptography
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Post-Quantum Cryptography Market Size Forecast By Security Type
      13.10.1 Large Enterprise
      13.10.2 Small & Medium Enterprise
   13.11 Basis Point Share (BPS) Analysis By Security Type
   13.12 Absolute $ Opportunity Assessment By Security Type
   13.13 Market Attractiveness Analysis By Security Type
   13.14 Latin America Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      13.14.1 Banking & Finance
      13.14.2 Information Technology
      13.14.3 Government
      13.14.4 Military & Defense
      13.14.5 Telecommunication
      13.14.6 Automotive & Transportation
      13.14.7 Others
   13.15 Basis Point Share (BPS) Analysis By Industry Vertical
   13.16 Absolute $ Opportunity Assessment By Industry Vertical
   13.17 Market Attractiveness Analysis By Industry Vertical
Chapter 14 Middle East & Africa (MEA) Post-Quantum Cryptography Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Post-Quantum Cryptography Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Post-Quantum Cryptography Market Size Forecast By Type
      14.6.1 Lattice-based Cryptography
      14.6.2 Multivariate Cryptography
      14.6.3 Hash-based Cryptography
      14.6.4 Code-based Cryptography
      14.6.5 Symmetric Key Quantum Resistance
      14.6.6 Isogeny-Based Cryptography
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Post-Quantum Cryptography Market Size Forecast By Security Type
      14.10.1 Large Enterprise
      14.10.2 Small & Medium Enterprise
   14.11 Basis Point Share (BPS) Analysis By Security Type
   14.12 Absolute $ Opportunity Assessment By Security Type
   14.13 Market Attractiveness Analysis By Security Type
   14.14 Middle East & Africa (MEA) Post-Quantum Cryptography Market Size Forecast By Industry Vertical
      14.14.1 Banking & Finance
      14.14.2 Information Technology
      14.14.3 Government
      14.14.4 Military & Defense
      14.14.5 Telecommunication
      14.14.6 Automotive & Transportation
      14.14.7 Others
   14.15 Basis Point Share (BPS) Analysis By Industry Vertical
   14.16 Absolute $ Opportunity Assessment By Industry Vertical
   14.17 Market Attractiveness Analysis By Industry Vertical
Chapter 15 Competition Landscape
   15.1 Post-Quantum Cryptography Market: Competitive Dashboard
   15.2 Global Post-Quantum Cryptography Market: Market Share Analysis, 2022
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Google LLC
      15.3.2 IBM
      15.3.3 Infineon Technologies AG
      15.3.4 Microsoft
      15.3.5 NXP Semiconductors
      15.3.6 Intel Corporation
      15.3.7 Huawei Technologies Co., Ltd.
      15.3.8 Cisco Systems, Inc.
      15.3.9 ETAS
      15.3.10 DigiCert, Inc.
      15.3.11 Envieta
      15.3.12 NORMA Inc

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FAQ Section

Some frequently asked questions about this report!

Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Growing cyber-attack incidents, the evolution of wireless network technologies, and rising demand for security solutions across several industry verticals are expected to drive market growth during the forecast period.

According to the Growth Market Reports, the Global Post-Quantum Cryptography Market is likely to register a CAGR of 95.2% during the forecast period 2024-2030, with an anticipated valuation of USD 8,763.8 Million by the end of 2030.

The major types of Post-Quantum Cryptography are Lattice-based Cryptography, Multivariate Cryptography, Hash-based Cryptography, Code-based Cryptography, Symmetric Key Quantum Resistance, and Isogeny-Based Cryptography.

Factors such as R&D activities and government initiatives are analysed in the final report.

Major players are Google, IBM, Infineon Technologies AG, Microsoft, NXP Semiconductors, Intel Corporation, Huawei Technologies Co., Ltd., Cisco Systems, Inc, ETAS, and NORMA Inc.

The market is expected to witness a significant effect on growth between 2019 and 2020 owing to the COVID-19 pandemic on post-quantum cryptography market.

In addition to market size (in US$ Million), Global Post-Quantum Cryptography Market, recent developments and technological outlook have been covered in the study scope.

The base year considered for the Global Post-Quantum Cryptography Market report is 2024. The complete analysis period is 2015 to 2030, wherein, 2015 to 2021 are the historic years, and the forecast is provided from 2024 to 2030.