Post-Quantum Cryptography (PQC) Market by Solution (Quantum-safe Hardware, Quantum-resistant Encryption Products, Cryptographic Libraries, VPN, Authentication), Service (Migration Services, Quantum Risk Assessment) - Global Forecast to 2029
The Post-Quantum Cryptography (PQC) market size is estimated to grow from USD 302.5 million in 2024 to USD 1,887.9 million by 2029 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period.
The main reason for implementing PQC is a direct threat from quantum computing, which can break encryption methods such as RSA (Rivest-Shamir-Adleman) and ECC (Elliptic curve cryptography) exponentially faster than classical computers. Requiring quantum-resistant cryptographic solutions to be implemented is considered a provision for compliance with developing regulatory requirements, such as requirements from the US National Institute of Standards and Technology.
In addition, organizations need to secure long-term fiscal and healthcare-related data from quantum decryption in the future. Very early adoption of PQC can bring competitive military advantages associated with commitment to information security and privacy. Further, technology partner relationships can help ease an organization's migration to quantum-safe cryptography through technology collaborations. For all these reasons, there has been an increasing need for PQC to be used in sensitive data protection to stay compliant.
'By Region, BFSI accounts for a larger market share.'
The BFSI sector is significantly different from others in the PQC market for several reasons. Stringent regulations like GDPR compel the use of advanced encryption to protect sensitive data and ensure compliance as one such reason. BFSI organizations must rely on PQC because financial data is the most valuable and has become very attractive to cybercriminals, making it a must-guarded item to retain customer trust.
Quantum Safe Hardware accounts for a larger market share by Solutions Segment.
Quantum-safe hardware is estimated to hold the largest market share in the PQC market. As quantum computing progresses, traditional cryptographic methods like RSA and ECC become vulnerable to quantum attacks. Quantum-safe hardware provides the foundational infrastructure needed to implement PQC algorithms effectively, making it indispensable for organizations looking to protect their data against future quantum threats. Hardware such as HSM (Hardware security modules) and TPM (Trusted Platform Module) Play a significant role in securing communication channels using QKD (Quantum Key Distribution) systems and QRNG (Quantum random number generators). Quantum-safe hardware is needed across multiple industries, including BFSI, healthcare, defense, and IT. This broad applicability ensures that quantum-safe hardware will be a central focus of PQC solutions, driving significant demand and market share.
By region, North America accounts for the highest market size during the forecast period.
North America, particularly the US, is leading in adopting PQC due to significant government initiatives and investments. US Agencies like the National Institute of Standards and Technology (NIST) have been at the forefront of standardizing PQC algorithms, driven by concerns over future quantum computing threats. The US & Canada government support accelerates regional research, development, and deployment. North American companies and research institutions are investing substantially in PQC research and development to stay ahead of emerging quantum threats. North America's robust technology ecosystem, including major tech firms and universities, fosters innovation in PQC, accelerating market growth and development.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
The study includes an in-depth competitive analysis of the key players in the PQC market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the PQC market by solution, service, organization size, vertical, and region. It forecasts its size by Solution (Quantum-safe hardware, Quantum-resistant algorithms, Quantum-safe cryptographic libraries, Quantum-safe VPN, email service, messaging systems, Quantum-safe blockchain solutions, Quantum-safe authentication solutions, Quantum-resistant encryption products), By Service ( consulting services, Migration services, Quantum risk assessment), By Organization Size (SME's and Large Enterprises), By Vertical (BFSI, government and Defense, Healthcare, IT & ITES, Retail and E-commerce, Other Verticals), By Region ( North America, Europe, Asia Pacific, Rest of the World).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall PQC market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
The main reason for implementing PQC is a direct threat from quantum computing, which can break encryption methods such as RSA (Rivest-Shamir-Adleman) and ECC (Elliptic curve cryptography) exponentially faster than classical computers. Requiring quantum-resistant cryptographic solutions to be implemented is considered a provision for compliance with developing regulatory requirements, such as requirements from the US National Institute of Standards and Technology.
In addition, organizations need to secure long-term fiscal and healthcare-related data from quantum decryption in the future. Very early adoption of PQC can bring competitive military advantages associated with commitment to information security and privacy. Further, technology partner relationships can help ease an organization's migration to quantum-safe cryptography through technology collaborations. For all these reasons, there has been an increasing need for PQC to be used in sensitive data protection to stay compliant.
'By Region, BFSI accounts for a larger market share.'
The BFSI sector is significantly different from others in the PQC market for several reasons. Stringent regulations like GDPR compel the use of advanced encryption to protect sensitive data and ensure compliance as one such reason. BFSI organizations must rely on PQC because financial data is the most valuable and has become very attractive to cybercriminals, making it a must-guarded item to retain customer trust.
Quantum Safe Hardware accounts for a larger market share by Solutions Segment.
Quantum-safe hardware is estimated to hold the largest market share in the PQC market. As quantum computing progresses, traditional cryptographic methods like RSA and ECC become vulnerable to quantum attacks. Quantum-safe hardware provides the foundational infrastructure needed to implement PQC algorithms effectively, making it indispensable for organizations looking to protect their data against future quantum threats. Hardware such as HSM (Hardware security modules) and TPM (Trusted Platform Module) Play a significant role in securing communication channels using QKD (Quantum Key Distribution) systems and QRNG (Quantum random number generators). Quantum-safe hardware is needed across multiple industries, including BFSI, healthcare, defense, and IT. This broad applicability ensures that quantum-safe hardware will be a central focus of PQC solutions, driving significant demand and market share.
By region, North America accounts for the highest market size during the forecast period.
North America, particularly the US, is leading in adopting PQC due to significant government initiatives and investments. US Agencies like the National Institute of Standards and Technology (NIST) have been at the forefront of standardizing PQC algorithms, driven by concerns over future quantum computing threats. The US & Canada government support accelerates regional research, development, and deployment. North American companies and research institutions are investing substantially in PQC research and development to stay ahead of emerging quantum threats. North America's robust technology ecosystem, including major tech firms and universities, fosters innovation in PQC, accelerating market growth and development.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-level – 40% and Managerial and Other Levels – 60%
- By Region: North America – 50%, Europe – 25%, Asia Pacific – 20%, and Rest of the World – 5%
The study includes an in-depth competitive analysis of the key players in the PQC market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the PQC market by solution, service, organization size, vertical, and region. It forecasts its size by Solution (Quantum-safe hardware, Quantum-resistant algorithms, Quantum-safe cryptographic libraries, Quantum-safe VPN, email service, messaging systems, Quantum-safe blockchain solutions, Quantum-safe authentication solutions, Quantum-resistant encryption products), By Service ( consulting services, Migration services, Quantum risk assessment), By Organization Size (SME's and Large Enterprises), By Vertical (BFSI, government and Defense, Healthcare, IT & ITES, Retail and E-commerce, Other Verticals), By Region ( North America, Europe, Asia Pacific, Rest of the World).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall PQC market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers such as (Integration of Innovative Cryptographic algorithms, Hybrid PQC Mechanisms, Growing awareness of Cybersecurity and Data Privacy, Driving awareness toward Quantum Computing Threats); Restraints (High Implementation Costs in Solutions, Lack of Standardized algorithms); Opportunities (Early development of new products and service provides a competitive edge, Government and Defense Contracts, Migration to post-quantum cryptography) and Challenges (Significantly sizeable key size and implications on performance, Implementation Challenges, Difficulty in Encryption and Scalability, Vulnerabilities Due to Advancements in Quantum Technology).
- Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, new products, and service launches in the PQC market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the PQC market across varied regions.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the PQC market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players NXP Semiconductor (Netherlands), Thales (France), AWS (US), IDEMIA (France), Palo Alto Networks (US), DigiCert (US), Kloch (US), Post-Quantum (UK), PQ Shield (US), Entrust (US), IBM (US), Utimaco (Germany), Crypto Quantique (US), Crypto4A (Canada), CryptoNext (France), Qnu Labs (India), Qrypt (US), Enquantum (Israel), Xiphera (Finland), Sixscape (Singapore), Keyfactor (US), ResQuant (Poland), Rambus (US), Archon (British Virgin Island), Riscure (Netherlands) among others, in the PQC market strategies.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primaries
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 STUDY LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY MARKET PLAYERS
4.2 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION
4.3 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE
4.4 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE
4.5 POST-QUANTUM CRYPTOGRAPHY MARKET: TOP 3 VERTICALS AND REGIONS
4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Integration of innovative cryptographic algorithms
5.2.1.2 Hybrid PQC mechanisms
5.2.1.3 Growing awareness of cybersecurity and data privacy
5.2.1.4 Driving awareness toward quantum computing threat
5.2.2 RESTRAINTS
5.2.2.1 High implementation costs in post-quantum cryptography market
5.2.2.2 Lack of standardized algorithms
5.2.3 OPPORTUNITIES
5.2.3.1 Early development of new products and services to provide competitive edge
5.2.3.2 Government and defense contracts
5.2.3.3 Migration to post-quantum cryptography
5.2.4 CHALLENGES
5.2.4.1 Significantly large key size and implications on performance
5.2.4.2 Implementation challenges
5.2.4.3 Difficulty in encryption and scalability
5.2.4.4 Vulnerabilities due to advancements in quantum technology
5.3 IMPACT OF GENERATIVE AI ON POST-QUANTUM CRYPTOGRAPHY MARKET
5.3.1 TOP USE CASES AND MARKET POTENTIAL
5.3.1.1 Key use cases
5.3.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
5.3.2.1 Quantum Computing
5.3.2.2 Quantum Key Distribution (QKD)
5.3.2.3 Hardware Security Modules (HSMs)
5.3.2.4 Cloud Security
5.3.2.5 Digital Signatures
5.3.2.6 Identity and Access Management (IAM)
5.4 CASE STUDY ANALYSIS
5.4.1 POST-QUANTUM CRYPTOGRAPHY FOR DEFENSE AND GOVERNMENT APPLICATIONS
5.4.2 ADOPTION OF BIO-KEY’S IDENTITY-BOUND BIOMETRICS SOLUTION AS PART OF PASSWORDLESS AUTHENTICATION STRATEGY
5.4.3 NAVIGATING QUANTUM LEAP: ROADMAP FOR MIGRATING TO POST-QUANTUM CRYPTOGRAPHY
5.5 VALUE CHAIN ANALYSIS
5.5.1 TECHNOLOGY INFRASTRUCTURE PROVIDERS
5.5.2 POST-QUANTUM CRYPTOGRAPHY PROVIDERS
5.5.3 APPLICATION DEVELOPERS
5.5.4 SYSTEM INTEGRATORS
5.5.5 END USERS
5.6 ECOSYSTEM ANALYSIS
5.7 PORTER’S FIVE FORCES MODEL ANALYSIS
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 PRICING MODEL ANALYSIS
5.8.1 INDICATIVE PRICING ANALYSIS, BY OFFERING
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Lattice-based Cryptography
5.9.1.2 Code-based Cryptography
5.9.1.3 Hash-based Cryptography
5.9.1.4 Multivariate Cryptography
5.9.1.5 Symmetric Key Quantum Resistance
5.9.1.6 Isogeny-based Cryptography
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Quantum-resistant Hardware Accelerators
5.9.2.2 Cloud-based PQC
5.9.3 ADJACENT TECHNOLOGIES
5.9.3.1 Quantum Computing
5.9.3.2 Post-quantum Cybersecurity
5.9.3.3 Blockchain
5.10 PATENT ANALYSIS
5.10.1 METHODOLOGY
5.11 TRADE ANALYSIS
5.12 TARIFF & REGULATORY LANDSCAPE
5.12.1 TARIFF RELATED TO PQC PRODUCTS
5.12.2 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST)
5.12.3 EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI)
5.12.4 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
5.12.5 INTERNATIONAL TELECOMMUNICATION UNION (ITU)
5.12.6 INTERNET ENGINEERING TASK FORCE (IETF)
5.12.7 CLOUD SECURITY ALLIANCE (CSA)
5.12.8 GLOBAL FORUM ON CYBER EXPERTISE (GFCE)
5.12.9 WORLD ECONOMIC FORUM (WEF)
5.12.10 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD)
5.12.11 INTERNATIONAL ASSOCIATION FOR CRYPTOLOGIC RESEARCH (IACR)
5.12.12 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.13.2 BUYING CRITERIA
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.15 KEY CONFERENCES & EVENTS
5.16 BUSINESS MODEL ANALYSIS
5.16.1 ALGORITHM DEVELOPMENT AND LICENSING IN POST-QUANTUM CRYPTOGRAPHY
5.16.2 CONSULTING SERVICES
5.16.3 HARDWARE SOLUTIONS
5.16.4 SOFTWARE SOLUTIONS
5.16.5 CLOUD-BASED SERVICES MODEL
5.16.6 SPECIALIZED SECURITY SOLUTIONS
5.16.7 SUBSCRIPTION-BASED MODEL
5.16.8 EDUCATION AND TRAINING IN POST-QUANTUM CRYPTOGRAPHY MARKET
5.17 INVESTMENT AND FUNDING SCENARIO
6 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION
6.1 INTRODUCTION
6.1.1 SOLUTION: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
6.2 QUANTUM-SAFE HARDWARE
6.2.1 SECURE HARDWARE FOR QUANTUM-COMPUTING AGE
6.3 QUANTUM-RESISTANT ALGORITHMS
6.3.1 FORTIFY AGAINST QUANTUM THREATS WITH ADVANCED CRYPTOGRAPHIC ALGORITHMS
6.4 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES
6.4.1 EMPOWER DEVELOPERS WITH READY-TO-USE QUANTUM-SAFE ENCRYPTION
6.5 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS
6.5.1 ENSURE SECURE COMMUNICATIONS EVEN IN QUANTUM WORLD
6.6 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS
6.6.1 BLOCKCHAINS SECURED AGAINST QUANTUM THREATS, ENSURING TRUST
6.7 QUANTUM-SAFE AUTHENTICATION SOLUTIONS
6.7.1 PROTECT DIGITAL IDENTITIES WITH QUANTUM-RESISTANT AUTHENTICATION
6.8 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS
6.8.1 HELPS ENCRYPT DATA AND SAFEGUARD AGAINST FUTURE QUANTUM RISK
7 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE
7.1 INTRODUCTION
7.1.1 SERVICE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
7.2 DESIGN, IMPLEMENTATION, AND CONSULTING
7.2.1 TAILORED QUANTUM-SAFE SOLUTIONS FOR ROBUST SECURITY
7.3 MIGRATION SERVICES
7.3.1 ENABLES SEAMLESS UPGRADE TO QUANTUM-RESISTANT ENCRYPTION
7.4 QUANTUM RISK ASSESSMENT
7.4.1 ENABLES TO IDENTIFY AND MITIGATE FUTURE QUANTUM THREATS
8 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE
8.1 INTRODUCTION
8.1.1 ORGANIZATION SIZE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
8.2 SMALL & MEDIUM-SIZED ENTERPRISES
8.2.1 COST-EFFECTIVE, SCALABLE PQC FOR SMALL BUSINESSES
8.3 LARGE ENTERPRISES
8.3.1 ENTERPRISE-GRADE PQC FOR ROBUST, HIGH-VALUE PROTECTION
9 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICAL: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
9.2.1 ENHANCING FINANCIAL DATA SECURITY WITH PQC
9.3 GOVERNMENT & DEFENSE
9.3.1 FORTIFYING NATIONAL SECURITY THROUGH PQC
9.4 HEALTHCARE
9.4.1 SECURING PATIENT DATA WITH QUANTUM-RESISTANT METHOD
9.5 IT & ITES
9.5.1 STRENGTHENING IT INFRASTRUCTURE WITH PQC
9.6 RETAIL & E-COMMERCE
9.6.1 PROTECTING E-COMMERCE TRANSACTIONS WITH PQC
9.7 OTHER VERTICALS
10 POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: MARKET DRIVERS
10.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
10.2.3 US
10.2.3.1 Rapid development of quantum computing technology poses significant threat to existing cryptographic algorithms
10.2.4 CANADA
10.2.4.1 Partnerships between universities and tech companies to foster innovation in post-quantum cryptography
10.3 EUROPE
10.3.1 EUROPE: MARKET DRIVERS
10.3.2 EUROPE: MACROECONOMIC OUTLOOK
10.3.3 UK
10.3.3.1 UK National Cyber Security Centre (NCSC) to promote transition to quantum-safe technologies
10.3.4 FRANCE
10.3.4.1 French startups and research institutions at forefront of innovation and creating solutions that can be integrated into existing system
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: MARKET DRIVERS
10.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK
10.4.3 CHINA
10.4.3.1 Increasing demand for post-quantum cryptography in various sectors
10.4.4 JAPAN
10.4.4.1 Contribution of top technology companies and semiconductor manufacturers to development of advanced post-quantum cryptographic solutions to drive market
10.5 REST OF THE WORLD (ROW)
10.5.1 REST OF THE WORLD (ROW): MARKET DRIVERS
10.5.2 REST OF THE WORLD (ROW): MACROECONOMIC OUTLOOK
11 COMPETITIVE LANDSCAPE
11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.2 REVENUE ANALYSIS
11.3 MARKET SHARE ANALYSIS
11.4 BRAND COMPARISON
11.5 COMPANY VALUATION AND FINANCIAL METRICS
11.5.1 COMPANY VALUATION
11.5.2 FINANCIAL METRICS USING EV/EBITDA
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Solution footprint
11.6.5.4 Service footprint
11.6.5.5 Vertical footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.7.5.1 Detailed list of key startups/SMEs
11.7.5.2 Competitive benchmarking of key startups/SMEs
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
11.8.2 DEALS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 NXP SEMICONDUCTORS
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 THALES
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 AWS
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 IDEMIA
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.5 PALO ALTO NETWORKS
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.4 MnM view
12.1.5.4.1 Key strengths
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 DIGICERT
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.7 KLOCH
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.8 POST-QUANTUM
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.9 PQSHIELD
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.10 ENTRUST
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.11 IBM
12.1.11.1 Business overview
12.1.11.2 Products/Solutions/Services offered
12.1.11.3 Recent developments
12.2 OTHER PLAYERS
12.2.1 UTIMACO
12.2.2 CRYPTO QUANTIQUE
12.2.3 CRYPTO4A
12.2.4 CRYPTONEXT
12.2.5 QNU LABS
12.2.6 QRYPT
12.2.7 ENQUANTUM
12.2.8 XIPHERA
12.2.9 SIXSCAPE
12.2.10 KEYFACTOR
12.2.11 RESQUANT
12.2.12 RAMBUS
12.2.13 ARCHON
12.2.14 RISCURE
13 ADJACENT MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 QUANTUM CRYPTOGRAPHY MARKET
13.3.1 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING
13.4 ENCRYPTION SOFTWARE MARKET
13.4.1 ENCRYPTION SOFTWARE, BY DEPLOYMENT MODE
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primaries
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 STUDY LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY MARKET PLAYERS
4.2 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION
4.3 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE
4.4 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE
4.5 POST-QUANTUM CRYPTOGRAPHY MARKET: TOP 3 VERTICALS AND REGIONS
4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Integration of innovative cryptographic algorithms
5.2.1.2 Hybrid PQC mechanisms
5.2.1.3 Growing awareness of cybersecurity and data privacy
5.2.1.4 Driving awareness toward quantum computing threat
5.2.2 RESTRAINTS
5.2.2.1 High implementation costs in post-quantum cryptography market
5.2.2.2 Lack of standardized algorithms
5.2.3 OPPORTUNITIES
5.2.3.1 Early development of new products and services to provide competitive edge
5.2.3.2 Government and defense contracts
5.2.3.3 Migration to post-quantum cryptography
5.2.4 CHALLENGES
5.2.4.1 Significantly large key size and implications on performance
5.2.4.2 Implementation challenges
5.2.4.3 Difficulty in encryption and scalability
5.2.4.4 Vulnerabilities due to advancements in quantum technology
5.3 IMPACT OF GENERATIVE AI ON POST-QUANTUM CRYPTOGRAPHY MARKET
5.3.1 TOP USE CASES AND MARKET POTENTIAL
5.3.1.1 Key use cases
5.3.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS
5.3.2.1 Quantum Computing
5.3.2.2 Quantum Key Distribution (QKD)
5.3.2.3 Hardware Security Modules (HSMs)
5.3.2.4 Cloud Security
5.3.2.5 Digital Signatures
5.3.2.6 Identity and Access Management (IAM)
5.4 CASE STUDY ANALYSIS
5.4.1 POST-QUANTUM CRYPTOGRAPHY FOR DEFENSE AND GOVERNMENT APPLICATIONS
5.4.2 ADOPTION OF BIO-KEY’S IDENTITY-BOUND BIOMETRICS SOLUTION AS PART OF PASSWORDLESS AUTHENTICATION STRATEGY
5.4.3 NAVIGATING QUANTUM LEAP: ROADMAP FOR MIGRATING TO POST-QUANTUM CRYPTOGRAPHY
5.5 VALUE CHAIN ANALYSIS
5.5.1 TECHNOLOGY INFRASTRUCTURE PROVIDERS
5.5.2 POST-QUANTUM CRYPTOGRAPHY PROVIDERS
5.5.3 APPLICATION DEVELOPERS
5.5.4 SYSTEM INTEGRATORS
5.5.5 END USERS
5.6 ECOSYSTEM ANALYSIS
5.7 PORTER’S FIVE FORCES MODEL ANALYSIS
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 PRICING MODEL ANALYSIS
5.8.1 INDICATIVE PRICING ANALYSIS, BY OFFERING
5.9 TECHNOLOGY ANALYSIS
5.9.1 KEY TECHNOLOGIES
5.9.1.1 Lattice-based Cryptography
5.9.1.2 Code-based Cryptography
5.9.1.3 Hash-based Cryptography
5.9.1.4 Multivariate Cryptography
5.9.1.5 Symmetric Key Quantum Resistance
5.9.1.6 Isogeny-based Cryptography
5.9.2 COMPLEMENTARY TECHNOLOGIES
5.9.2.1 Quantum-resistant Hardware Accelerators
5.9.2.2 Cloud-based PQC
5.9.3 ADJACENT TECHNOLOGIES
5.9.3.1 Quantum Computing
5.9.3.2 Post-quantum Cybersecurity
5.9.3.3 Blockchain
5.10 PATENT ANALYSIS
5.10.1 METHODOLOGY
5.11 TRADE ANALYSIS
5.12 TARIFF & REGULATORY LANDSCAPE
5.12.1 TARIFF RELATED TO PQC PRODUCTS
5.12.2 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST)
5.12.3 EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI)
5.12.4 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
5.12.5 INTERNATIONAL TELECOMMUNICATION UNION (ITU)
5.12.6 INTERNET ENGINEERING TASK FORCE (IETF)
5.12.7 CLOUD SECURITY ALLIANCE (CSA)
5.12.8 GLOBAL FORUM ON CYBER EXPERTISE (GFCE)
5.12.9 WORLD ECONOMIC FORUM (WEF)
5.12.10 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD)
5.12.11 INTERNATIONAL ASSOCIATION FOR CRYPTOLOGIC RESEARCH (IACR)
5.12.12 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.13.2 BUYING CRITERIA
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.15 KEY CONFERENCES & EVENTS
5.16 BUSINESS MODEL ANALYSIS
5.16.1 ALGORITHM DEVELOPMENT AND LICENSING IN POST-QUANTUM CRYPTOGRAPHY
5.16.2 CONSULTING SERVICES
5.16.3 HARDWARE SOLUTIONS
5.16.4 SOFTWARE SOLUTIONS
5.16.5 CLOUD-BASED SERVICES MODEL
5.16.6 SPECIALIZED SECURITY SOLUTIONS
5.16.7 SUBSCRIPTION-BASED MODEL
5.16.8 EDUCATION AND TRAINING IN POST-QUANTUM CRYPTOGRAPHY MARKET
5.17 INVESTMENT AND FUNDING SCENARIO
6 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION
6.1 INTRODUCTION
6.1.1 SOLUTION: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
6.2 QUANTUM-SAFE HARDWARE
6.2.1 SECURE HARDWARE FOR QUANTUM-COMPUTING AGE
6.3 QUANTUM-RESISTANT ALGORITHMS
6.3.1 FORTIFY AGAINST QUANTUM THREATS WITH ADVANCED CRYPTOGRAPHIC ALGORITHMS
6.4 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES
6.4.1 EMPOWER DEVELOPERS WITH READY-TO-USE QUANTUM-SAFE ENCRYPTION
6.5 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS
6.5.1 ENSURE SECURE COMMUNICATIONS EVEN IN QUANTUM WORLD
6.6 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS
6.6.1 BLOCKCHAINS SECURED AGAINST QUANTUM THREATS, ENSURING TRUST
6.7 QUANTUM-SAFE AUTHENTICATION SOLUTIONS
6.7.1 PROTECT DIGITAL IDENTITIES WITH QUANTUM-RESISTANT AUTHENTICATION
6.8 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS
6.8.1 HELPS ENCRYPT DATA AND SAFEGUARD AGAINST FUTURE QUANTUM RISK
7 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE
7.1 INTRODUCTION
7.1.1 SERVICE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
7.2 DESIGN, IMPLEMENTATION, AND CONSULTING
7.2.1 TAILORED QUANTUM-SAFE SOLUTIONS FOR ROBUST SECURITY
7.3 MIGRATION SERVICES
7.3.1 ENABLES SEAMLESS UPGRADE TO QUANTUM-RESISTANT ENCRYPTION
7.4 QUANTUM RISK ASSESSMENT
7.4.1 ENABLES TO IDENTIFY AND MITIGATE FUTURE QUANTUM THREATS
8 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE
8.1 INTRODUCTION
8.1.1 ORGANIZATION SIZE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
8.2 SMALL & MEDIUM-SIZED ENTERPRISES
8.2.1 COST-EFFECTIVE, SCALABLE PQC FOR SMALL BUSINESSES
8.3 LARGE ENTERPRISES
8.3.1 ENTERPRISE-GRADE PQC FOR ROBUST, HIGH-VALUE PROTECTION
9 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICAL: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
9.2.1 ENHANCING FINANCIAL DATA SECURITY WITH PQC
9.3 GOVERNMENT & DEFENSE
9.3.1 FORTIFYING NATIONAL SECURITY THROUGH PQC
9.4 HEALTHCARE
9.4.1 SECURING PATIENT DATA WITH QUANTUM-RESISTANT METHOD
9.5 IT & ITES
9.5.1 STRENGTHENING IT INFRASTRUCTURE WITH PQC
9.6 RETAIL & E-COMMERCE
9.6.1 PROTECTING E-COMMERCE TRANSACTIONS WITH PQC
9.7 OTHER VERTICALS
10 POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: MARKET DRIVERS
10.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
10.2.3 US
10.2.3.1 Rapid development of quantum computing technology poses significant threat to existing cryptographic algorithms
10.2.4 CANADA
10.2.4.1 Partnerships between universities and tech companies to foster innovation in post-quantum cryptography
10.3 EUROPE
10.3.1 EUROPE: MARKET DRIVERS
10.3.2 EUROPE: MACROECONOMIC OUTLOOK
10.3.3 UK
10.3.3.1 UK National Cyber Security Centre (NCSC) to promote transition to quantum-safe technologies
10.3.4 FRANCE
10.3.4.1 French startups and research institutions at forefront of innovation and creating solutions that can be integrated into existing system
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: MARKET DRIVERS
10.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK
10.4.3 CHINA
10.4.3.1 Increasing demand for post-quantum cryptography in various sectors
10.4.4 JAPAN
10.4.4.1 Contribution of top technology companies and semiconductor manufacturers to development of advanced post-quantum cryptographic solutions to drive market
10.5 REST OF THE WORLD (ROW)
10.5.1 REST OF THE WORLD (ROW): MARKET DRIVERS
10.5.2 REST OF THE WORLD (ROW): MACROECONOMIC OUTLOOK
11 COMPETITIVE LANDSCAPE
11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.2 REVENUE ANALYSIS
11.3 MARKET SHARE ANALYSIS
11.4 BRAND COMPARISON
11.5 COMPANY VALUATION AND FINANCIAL METRICS
11.5.1 COMPANY VALUATION
11.5.2 FINANCIAL METRICS USING EV/EBITDA
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Solution footprint
11.6.5.4 Service footprint
11.6.5.5 Vertical footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
11.7.1 PROGRESSIVE COMPANIES
11.7.2 RESPONSIVE COMPANIES
11.7.3 DYNAMIC COMPANIES
11.7.4 STARTING BLOCKS
11.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.7.5.1 Detailed list of key startups/SMEs
11.7.5.2 Competitive benchmarking of key startups/SMEs
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
11.8.2 DEALS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 NXP SEMICONDUCTORS
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.4 MnM view
12.1.1.4.1 Key strengths
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses and competitive threats
12.1.2 THALES
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 Recent developments
12.1.2.4 MnM view
12.1.2.4.1 Key strengths
12.1.2.4.2 Strategic choices
12.1.2.4.3 Weaknesses and competitive threats
12.1.3 AWS
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.4 MnM view
12.1.3.4.1 Key strengths
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses and competitive threats
12.1.4 IDEMIA
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.5 PALO ALTO NETWORKS
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 Recent developments
12.1.5.4 MnM view
12.1.5.4.1 Key strengths
12.1.5.4.2 Strategic choices
12.1.5.4.3 Weaknesses and competitive threats
12.1.6 DIGICERT
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 Recent developments
12.1.7 KLOCH
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.8 POST-QUANTUM
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.9 PQSHIELD
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 Recent developments
12.1.10 ENTRUST
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services offered
12.1.10.3 Recent developments
12.1.11 IBM
12.1.11.1 Business overview
12.1.11.2 Products/Solutions/Services offered
12.1.11.3 Recent developments
12.2 OTHER PLAYERS
12.2.1 UTIMACO
12.2.2 CRYPTO QUANTIQUE
12.2.3 CRYPTO4A
12.2.4 CRYPTONEXT
12.2.5 QNU LABS
12.2.6 QRYPT
12.2.7 ENQUANTUM
12.2.8 XIPHERA
12.2.9 SIXSCAPE
12.2.10 KEYFACTOR
12.2.11 RESQUANT
12.2.12 RAMBUS
12.2.13 ARCHON
12.2.14 RISCURE
13 ADJACENT MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 QUANTUM CRYPTOGRAPHY MARKET
13.3.1 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING
13.4 ENCRYPTION SOFTWARE MARKET
13.4.1 ENCRYPTION SOFTWARE, BY DEPLOYMENT MODE
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
