Austin, TX, USA, June 11, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Post-Quantum Cryptography (PQC) Market Size, Trends and Insights By Type (Lattice-Based Cryptography, Code-Based Cryptography, Multivariate Cryptography, Hash-Based Cryptography), By Service (Design, Implementation, and Consulting, Migration Services, Quantum Risk Assessment), By Enterprise (Small & Medium Enterprises (SMEs), Large Enterprises), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034“ in its research database.
“According to the latest research study, the demand of the global Post-Quantum Cryptography (PQC) Market size & share was valued at approximately USD 308.60 Million in 2024 and is expected to reach USD 408.28 Million in 2025 and is expected to reach a value of around USD 6,976.42 Million by 2034, at a compound annual growth rate (CAGR) of about 37.1% during the forecast period 2025 to 2034.”
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Post-Quantum Cryptography Market Overview
As per the industry experts at CMI, the Post-Quantum Cryptography market is surging as businesses around the world are gearing up for the cybersecurity challenges posed by quantum computing. Many prominent organizations, such as NXP Semiconductors, Thales Group, Amazon Web Services (AWS), and Idemia Group, are at the forefront of globally developing quantum resistant algorithms and best deploying and adopting those algorithms in hardware, cloud, and identity hardware.
These influences are also working with standards organizations like NIST and partaking in pilot programs around the world to deploy PQC across numerous industries such as finance, defense, and telecommunications. Governments and enterprise are starting to think about longer-term investments into PQC as part of their overall digital resilience building and long-term strategy to safeguard future communications and infrastructure.
PQC technologies are emerging as a critical component of the next generation of cybersecurity from cloud-based encryption services to secure embedded systems. The market is expanding rapidly with advances in research, collaborations, and partnerships across many industries to future-proof sensitive data and preserve trust in our digital ecosystems.
Post-Quantum Cryptography Market Growth Factors and Dynamics
- Expansion of Digital Infrastructure: With the rapid expansion of digital infrastructure in the private and public sectors, pressure is mounting for strong and globally future-proof cybersecurity solutions. This makes post-quantum cryptography important. PQC quantum-resistant encryption secures sensitive data against potential threats during global implementation of these digital operations. In August 2024, the U.S. National Institute of Standards and Technology (NIST) announced their first set of post-quantum encryption standards that organizations need to start implementing as protection against future quantum computing threats. The need for PQC is extremely timely, pertinent, and essential for safeguarding the modern global digital landscape.
- Increase in Cyberattacks: The increase of cyberattacks as evidenced by frequency and complexity, and the corresponding need for strong next generation cryptographic defensive methodologies inadequately afford the required protection from recent exposures to quantum computing capabilities. Post-quantum cryptography is hence fundamental to addressing this modern cybersecurity threat landscape. Further underscoring this point is the U.S. legislation, the Quantum Computing Cybersecurity Preparedness Act, passed in December 2022, that requires federal agencies to review any IT systems at risk and to start preparing for the migration of their agency’s IT systems to PQC once NIST finalizes its standards. This highlights the urgency to begin preparing and implementing PQC to protect national data and data infrastructures and provide resilient cybersecurity for more spatially distributed organizations.
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- IoT and Smart Devices: The exponential growth of the Internet of Things (IoT) and smart devices has considerably lengthened the cyber threat landscape. These interconnected systems tend to have little security feature layering because of limited computing capabilities. To combat this, post-quantum cryptography is currently being developed with lightweight encryption to be quantum resistant for such low performing environments. In August 2024, NIST concluded a set of PQC standards that even included algorithms for low-power devices, providing secure communication for potentially billions of IoT devices. This is a substantial step toward ensuring the ever-expanding space of smart technologies is protected from future quantum-enabled cyber threats.
Report Scope
| Feature of the Report | Details |
| Market Size in 2025 | USD 408.28 Million |
| Projected Market Size in 2034 | USD 6,976.42 Million |
| Market Size in 2024 | USD 308.60 Million |
| CAGR Growth Rate | 37.1% CAGR |
| Base Year | 2024 |
| Forecast Period | 2025-2034 |
| Key Segment | By Type, Service, Enterprise and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Post-Quantum Cryptography (PQC) report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- The updated report for 2024 includes an Introduction, an Overview, and an in-depth industry analysis.
- We have included the COVID-19 Pandemic Outbreak Impact Analysis in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and …