조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년09월
Post-quantum Cryptography (PQC) Market – Global Forecast to 2029
포스트 양자 암호(PQC) 시장 – 솔루션(양자 내성 하드웨어, 양자 저항 암호화 제품, 암호화 라이브러리, VPN, 인증), 서비스(마이그레이션 서비스, 양자 위험 평가) – 2029년까지의 세계 예측
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
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구성 | 영문조사보고서 |
포스트 양자 암호화(PQC) 시장은 2024년 3억 250만 달러 규모가 되고 예측 기간 동안 연간 평균 성장률(CAGR) 44.2%로 성장하고 2029년까지 18억 8,790만 달러로 성장한다고 MarketsandMarkets는 예측하고 있습니다.
「포스트 양자 암호(PQC) 시장 – 솔루션(양자 내성 하드웨어, 양자 저항 암호화 제품, 암호화 라이브러리, VPN, 인증), 서비스(마이그레이션 서비스, 양자 위험 평가) – 2029년까지의 세계 예측 – 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」는 세계의 포스트 양자 암호(PQC) 시장을 조사해, 주요 세그먼트별로 분석·예측한 MarketssMarkets의 시장 조사 보고서입니다.
주요 조사 대상 세그먼트
- 솔루션
- 양자 안전 하드웨어
- 내양자 알고리즘
- 양자 안전 암호화 기술 라이브러리
- 양자 안전 VPN, 이메일 서버, 메시지 시스템
- 양자 안전 블록체인
- 양자 안전 인증 솔루션
- 내양자 암호화 솔루션
- 서비스
- 설계, 구현, 컨설팅 서비스
- 마이그레이션 서비스
- 양자 위험 평가
- 조직 규모
- 중소기업
- 대기업
- 수직 시장
- BFSI
- 정부 및 방어
- 의료
- IT&ITes
- 소매업 및 전자상거래
- 기타 수직 시장
- 지역
- 북미
- 미국
- 캐나다
- 유럽
- 영국
- 프랑스
- 아시아 태평양 지역
- 중국
- 일본
- 기타 지역(RoW)
- 북미
Report Overview
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:
- 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%
Major vendors in the PQC market include 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).

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.
Table of Contents
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 27
1.3.1 MARKET SEGMENTATION 27
1.3.2 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 28
1.5 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.1.1 SECONDARY DATA 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Breakup of primaries 33
2.1.2.2 Key industry insights 33
2.2 MARKET BREAKUP AND DATA TRIANGULATION 34
2.3 MARKET SIZE ESTIMATION 35
2.3.1 TOP-DOWN APPROACH 35
2.3.2 BOTTOM-UP APPROACH 35
2.4 MARKET FORECAST 39
2.5 RESEARCH ASSUMPTIONS 40
2.6 STUDY LIMITATIONS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY MARKET PLAYERS 46
4.2 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION 47
4.3 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE 47
4.4 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE 48
4.5 POST-QUANTUM CRYPTOGRAPHY MARKET: TOP 3 VERTICALS AND REGIONS 48
4.6 MARKET INVESTMENT SCENARIO 49
5 MARKET OVERVIEW AND INDUSTRY TRENDS 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
5.2.1 DRIVERS 51
5.2.1.1 Integration of innovative cryptographic algorithms 51
5.2.1.2 Hybrid PQC mechanisms 52
5.2.1.3 Growing awareness of cybersecurity and data privacy 52
5.2.1.4 Driving awareness toward quantum computing threat 52
5.2.2 RESTRAINTS 53
5.2.2.1 High implementation costs in post-quantum cryptography market 53
5.2.2.2 Lack of standardized algorithms 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Early development of new products and services to provide competitive edge 53
5.2.3.2 Government and defense contracts 54
5.2.3.3 Migration to post-quantum cryptography 54
5.2.4 CHALLENGES 54
5.2.4.1 Significantly large key size and implications on performance 54
5.2.4.2 Implementation challenges 54
5.2.4.3 Difficulty in encryption and scalability 55
5.2.4.4 Vulnerabilities due to advancements in quantum technology 55
5.3 IMPACT OF GENERATIVE AI ON POST-QUANTUM CRYPTOGRAPHY MARKET 56
5.3.1 TOP USE CASES AND MARKET POTENTIAL 56
5.3.1.1 Key use cases 56
5.3.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 56
5.3.2.1 Quantum Computing 57
5.3.2.2 Quantum Key Distribution (QKD) 57
5.3.2.3 Hardware Security Modules (HSMs) 57
5.3.2.4 Cloud Security 58
5.3.2.5 Digital Signatures 58
5.3.2.6 Identity and Access Management (IAM) 58
5.4 CASE STUDY ANALYSIS 58
5.4.1 POST-QUANTUM CRYPTOGRAPHY FOR DEFENSE AND GOVERNMENT APPLICATIONS 58
5.4.2 ADOPTION OF BIO-KEY’S IDENTITY-BOUND BIOMETRICS SOLUTION AS PART OF PASSWORDLESS AUTHENTICATION STRATEGY 59
5.4.3 NAVIGATING QUANTUM LEAP: ROADMAP FOR MIGRATING TO POST-QUANTUM CRYPTOGRAPHY 60
5.5 VALUE CHAIN ANALYSIS 61
5.5.1 TECHNOLOGY INFRASTRUCTURE PROVIDERS 61
5.5.2 POST-QUANTUM CRYPTOGRAPHY PROVIDERS 62
5.5.3 APPLICATION DEVELOPERS 62
5.5.4 SYSTEM INTEGRATORS 62
5.5.5 END USERS 62
5.6 ECOSYSTEM ANALYSIS 63
5.7 PORTER’S FIVE FORCES MODEL ANALYSIS 66
5.7.1 THREAT OF NEW ENTRANTS 67
5.7.2 THREAT OF SUBSTITUTES 67
5.7.3 BARGAINING POWER OF SUPPLIERS 67
5.7.4 BARGAINING POWER OF BUYERS 67
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 67
5.8 PRICING MODEL ANALYSIS 68
5.8.1 INDICATIVE PRICING ANALYSIS, BY OFFERING 69
5.9 TECHNOLOGY ANALYSIS 69
5.9.1 KEY TECHNOLOGIES 70
5.9.1.1 Lattice-based Cryptography 70
5.9.1.2 Code-based Cryptography 70
5.9.1.3 Hash-based Cryptography 71
5.9.1.4 Multivariate Cryptography 71
5.9.1.5 Symmetric Key Quantum Resistance 71
5.9.1.6 Isogeny-based Cryptography 72
5.9.2 COMPLEMENTARY TECHNOLOGIES 72
5.9.2.1 Quantum-resistant Hardware Accelerators 72
5.9.2.2 Cloud-based PQC 72
5.9.3 ADJACENT TECHNOLOGIES 73
5.9.3.1 Quantum Computing 73
5.9.3.2 Post-quantum Cybersecurity 73
5.9.3.3 Blockchain 73
5.10 PATENT ANALYSIS 73
5.10.1 METHODOLOGY 73
5.11 TRADE ANALYSIS 76
5.12 TARIFF & REGULATORY LANDSCAPE 78
5.12.1 TARIFF RELATED TO PQC PRODUCTS 78
5.12.2 NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY (NIST) 79
5.12.3 EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE (ETSI) 79
5.12.4 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO) 79
5.12.5 INTERNATIONAL TELECOMMUNICATION UNION (ITU) 80
5.12.6 INTERNET ENGINEERING TASK FORCE (IETF) 80
5.12.7 CLOUD SECURITY ALLIANCE (CSA) 80
5.12.8 GLOBAL FORUM ON CYBER EXPERTISE (GFCE) 81
5.12.9 WORLD ECONOMIC FORUM (WEF) 81
5.12.10 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) 81
5.12.11 INTERNATIONAL ASSOCIATION FOR CRYPTOLOGIC RESEARCH (IACR) 82
5.12.12 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 87
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 87
5.13.2 BUYING CRITERIA 88
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 89
5.15 KEY CONFERENCES & EVENTS 89
5.16 BUSINESS MODEL ANALYSIS 91
5.16.1 ALGORITHM DEVELOPMENT AND LICENSING IN POST-QUANTUM CRYPTOGRAPHY 91
5.16.2 CONSULTING SERVICES 91
5.16.3 HARDWARE SOLUTIONS 92
5.16.4 SOFTWARE SOLUTIONS 92
5.16.5 CLOUD-BASED SERVICES MODEL 92
5.16.6 SPECIALIZED SECURITY SOLUTIONS 93
5.16.7 SUBSCRIPTION-BASED MODEL 93
5.16.8 EDUCATION AND TRAINING IN POST-QUANTUM CRYPTOGRAPHY MARKET 93
5.17 INVESTMENT AND FUNDING SCENARIO 94
6 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION 95
6.1 INTRODUCTION 96
6.1.1 SOLUTION: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS 96
6.2 QUANTUM-SAFE HARDWARE 98
6.2.1 SECURE HARDWARE FOR QUANTUM-COMPUTING AGE 98
6.3 QUANTUM-RESISTANT ALGORITHMS 99
6.3.1 FORTIFY AGAINST QUANTUM THREATS WITH ADVANCED CRYPTOGRAPHIC ALGORITHMS 99
6.4 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES 100
6.4.1 EMPOWER DEVELOPERS WITH READY-TO-USE QUANTUM-SAFE ENCRYPTION 100
6.5 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS 101
6.5.1 ENSURE SECURE COMMUNICATIONS EVEN IN QUANTUM WORLD 101
6.6 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS 101
6.6.1 BLOCKCHAINS SECURED AGAINST QUANTUM THREATS, ENSURING TRUST 101
6.7 QUANTUM-SAFE AUTHENTICATION SOLUTIONS 102
6.7.1 PROTECT DIGITAL IDENTITIES WITH QUANTUM-RESISTANT AUTHENTICATION 102
6.8 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS 103
6.8.1 HELPS ENCRYPT DATA AND SAFEGUARD AGAINST FUTURE QUANTUM RISK 103
7 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE 105
7.1 INTRODUCTION 106
7.1.1 SERVICE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS 106
7.2 DESIGN, IMPLEMENTATION, AND CONSULTING 107
7.2.1 TAILORED QUANTUM-SAFE SOLUTIONS FOR ROBUST SECURITY 107
7.3 MIGRATION SERVICES 108
7.3.1 ENABLES SEAMLESS UPGRADE TO QUANTUM-RESISTANT ENCRYPTION 108
7.4 QUANTUM RISK ASSESSMENT 109
7.4.1 ENABLES TO IDENTIFY AND MITIGATE FUTURE QUANTUM THREATS 109
8 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE 110
8.1 INTRODUCTION 111
8.1.1 ORGANIZATION SIZE: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS 111
8.2 SMALL & MEDIUM-SIZED ENTERPRISES 112
8.2.1 COST-EFFECTIVE, SCALABLE PQC FOR SMALL BUSINESSES 112
8.3 LARGE ENTERPRISES 113
8.3.1 ENTERPRISE-GRADE PQC FOR ROBUST, HIGH-VALUE PROTECTION 113
9 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL 114
9.1 INTRODUCTION 115
9.1.1 VERTICAL: POST-QUANTUM CRYPTOGRAPHY MARKET DRIVERS 115
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 117
9.2.1 ENHANCING FINANCIAL DATA SECURITY WITH PQC 117
9.3 GOVERNMENT & DEFENSE 118
9.3.1 FORTIFYING NATIONAL SECURITY THROUGH PQC 118
9.4 HEALTHCARE 118
9.4.1 SECURING PATIENT DATA WITH QUANTUM-RESISTANT METHOD 118
9.5 IT & ITES 119
9.5.1 STRENGTHENING IT INFRASTRUCTURE WITH PQC 119
9.6 RETAIL & E-COMMERCE 120
9.6.1 PROTECTING E-COMMERCE TRANSACTIONS WITH PQC 120
9.7 OTHER VERTICALS 120
10 POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION 122
10.1 INTRODUCTION 123
10.2 NORTH AMERICA 123
10.2.1 NORTH AMERICA: MARKET DRIVERS 124
10.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK 124
10.2.3 US 127
10.2.3.1 Rapid development of quantum computing technology poses significant threat to existing cryptographic algorithms 127
10.2.4 CANADA 129
10.2.4.1 Partnerships between universities and tech companies to foster innovation in post-quantum cryptography 129
10.3 EUROPE 131
10.3.1 EUROPE: MARKET DRIVERS 131
10.3.2 EUROPE: MACROECONOMIC OUTLOOK 132
10.3.3 UK 134
10.3.3.1 UK National Cyber Security Centre (NCSC) to promote transition to quantum-safe technologies 134
10.3.4 FRANCE 136
10.3.4.1 French startups and research institutions at forefront of innovation and creating solutions that can be integrated into existing system 136
10.4 ASIA PACIFIC 138
10.4.1 ASIA PACIFIC: MARKET DRIVERS 138
10.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK 139
10.4.3 CHINA 141
10.4.3.1 Increasing demand for post-quantum cryptography in various sectors 141
10.4.4 JAPAN 143
10.4.4.1 Contribution of top technology companies and semiconductor manufacturers to development of advanced post-quantum cryptographic solutions to drive market 143
10.5 REST OF THE WORLD (ROW) 145
10.5.1 REST OF THE WORLD (ROW): MARKET DRIVERS 145
10.5.2 REST OF THE WORLD (ROW): MACROECONOMIC OUTLOOK 145
11 COMPETITIVE LANDSCAPE 148
11.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 148
11.2 REVENUE ANALYSIS 149
11.3 MARKET SHARE ANALYSIS 150
11.4 BRAND COMPARISON 153
11.5 COMPANY VALUATION AND FINANCIAL METRICS 153
11.5.1 COMPANY VALUATION 153
11.5.2 FINANCIAL METRICS USING EV/EBITDA 154
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 154
11.6.1 STARS 155
11.6.2 EMERGING LEADERS 155
11.6.3 PERVASIVE PLAYERS 155
11.6.4 PARTICIPANTS 155
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 157
11.6.5.1 Company footprint 157
11.6.5.2 Region footprint 157
11.6.5.3 Solution footprint 158
11.6.5.4 Service footprint 158
11.6.5.5 Vertical footprint 159
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 159
11.7.1 PROGRESSIVE COMPANIES 160
11.7.2 RESPONSIVE COMPANIES 160
11.7.3 DYNAMIC COMPANIES 160
11.7.4 STARTING BLOCKS 160
11.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 161
11.7.5.1 Detailed list of key startups/SMEs 161
11.7.5.2 Competitive benchmarking of key startups/SMEs 163
11.8 COMPETITIVE SCENARIO 165
11.8.1 PRODUCT LAUNCHES 165
11.8.2 DEALS 172
12 COMPANY PROFILES 178
12.1 KEY PLAYERS 178
12.1.1 NXP SEMICONDUCTORS 178
12.1.1.1 Business overview 178
12.1.1.2 Products/Solutions/Services offered 179
12.1.1.3 Recent developments 181
12.1.1.4 MnM view 183
12.1.1.4.1 Key strengths 183
12.1.1.4.2 Strategic choices 183
12.1.1.4.3 Weaknesses and competitive threats 183
12.1.2 THALES 184
12.1.2.1 Business overview 184
12.1.2.2 Products/Solutions/Services offered 185
12.1.2.3 Recent developments 186
12.1.2.4 MnM view 189
12.1.2.4.1 Key strengths 189
12.1.2.4.2 Strategic choices 189
12.1.2.4.3 Weaknesses and competitive threats 189
12.1.3 AWS 190
12.1.3.1 Business overview 190
12.1.3.2 Products/Solutions/Services offered 190
12.1.3.3 Recent developments 191
12.1.3.4 MnM view 193
12.1.3.4.1 Key strengths 193
12.1.3.4.2 Strategic choices 193
12.1.3.4.3 Weaknesses and competitive threats 193
12.1.4 IDEMIA 194
12.1.4.1 Business overview 194
12.1.4.2 Products/Solutions/Services offered 195
12.1.4.3 Recent developments 195
12.1.5 PALO ALTO NETWORKS 198
12.1.5.1 Business overview 198
12.1.5.2 Products/Solutions/Services offered 199
12.1.5.3 Recent developments 200
12.1.5.4 MnM view 203
12.1.5.4.1 Key strengths 203
12.1.5.4.2 Strategic choices 204
12.1.5.4.3 Weaknesses and competitive threats 204
12.1.6 DIGICERT 205
12.1.6.1 Business overview 205
12.1.6.2 Products/Solutions/Services offered 206
12.1.6.3 Recent developments 206
12.1.7 KLOCH 207
12.1.7.1 Business overview 207
12.1.7.2 Products/Solutions/Services offered 208
12.1.8 POST-QUANTUM 209
12.1.8.1 Business overview 209
12.1.8.2 Products/Solutions/Services offered 209
12.1.9 PQSHIELD 210
12.1.9.1 Business overview 210
12.1.9.2 Products/Solutions/Services offered 210
12.1.9.3 Recent developments 213
12.1.10 ENTRUST 214
12.1.10.1 Business overview 214
12.1.10.2 Products/Solutions/Services offered 215
12.1.10.3 Recent developments 216
12.1.11 IBM 217
12.1.11.1 Business overview 217
12.1.11.2 Products/Solutions/Services offered 218
12.1.11.3 Recent developments 221
12.2 OTHER PLAYERS 223
12.2.1 UTIMACO 223
12.2.2 CRYPTO QUANTIQUE 224
12.2.3 CRYPTO4A 225
12.2.4 CRYPTONEXT 226
12.2.5 QNU LABS 227
12.2.6 QRYPT 228
12.2.7 ENQUANTUM 229
12.2.8 XIPHERA 230
12.2.9 SIXSCAPE 231
12.2.10 KEYFACTOR 232
12.2.11 RESQUANT 233
12.2.12 RAMBUS 234
12.2.13 ARCHON 235
12.2.14 RISCURE 236
13 ADJACENT MARKETS 237
13.1 INTRODUCTION 237
13.2 LIMITATIONS 237
13.3 QUANTUM CRYPTOGRAPHY MARKET 238
13.3.1 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING 238
13.4 ENCRYPTION SOFTWARE MARKET 239
13.4.1 ENCRYPTION SOFTWARE, BY DEPLOYMENT MODE 239
14 APPENDIX 242
14.1 DISCUSSION GUIDE 242
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 246
14.3 CUSTOMIZATION OPTIONS 248
14.4 RELATED REPORTS 248
14.5 AUTHOR DETAILS 249
LIST OF TABLES
TABLE 1 USD EXCHANGE RATES, 2020–2023 28
TABLE 2 FACTOR ANALYSIS 39
TABLE 3 POST-QUANTUM CRYPTOGRAPHY MARKET SIZE AND GROWTH RATE,
2023–2029 (USD MILLION, Y-O-Y %) 44
TABLE 4 POST-QUANTUM CRYPTOGRAPHY MARKET ECOSYSTEM 63
TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON POST-QUANTUM CRYPTOGRAPHY MARKET 66
TABLE 6 INDICATIVE PRICING ANALYSIS 69
TABLE 7 TOP PATENTS IN POST-QUANTUM CRYPTOGRAPHY MARKET, 2024 75
TABLE 8 IMPORT DATA, BY COUNTRY, 2019–2023 (USD MILLION) 76
TABLE 9 EXPORT DATA, BY COUNTRY, 2019–2023 (USD MILLION) 77
TABLE 10 TARIFF RELATED TO PQC PRODUCTS, 2023 78
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 82
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 83
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 84
TABLE 14 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 15 LATIN AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 86
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 87
TABLE 17 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 88
TABLE 18 KEY CONFERENCES & EVENTS, 2024–2025 89
TABLE 19 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2029
(USD MILLION) 98
TABLE 20 QUANTUM-SAFE HARDWARE: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2023–2029 (USD MILLION) 99
TABLE 21 QUANTUM-RESISTANT ALGORITHMS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 99
TABLE 22 QUANTUM-SAFE CRYPTOGRAPHIC LIBRARIES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 100
TABLE 23 QUANTUM-SAFE VPN, EMAIL SERVICE, AND MESSAGING SYSTEMS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 101
TABLE 24 QUANTUM-SAFE BLOCKCHAIN SOLUTIONS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 102
TABLE 25 QUANTUM-SAFE AUTHENTICATION SOLUTIONS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 103
TABLE 26 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 104
TABLE 27 POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE, 2023–2029 (USD MILLION) 106
TABLE 28 DESIGN, IMPLEMENTATION, AND CONSULTING: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 107
TABLE 29 MIGRATION SERVICES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 108
TABLE 30 QUANTUM RISK ASSESSMENT: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2023–2029 (USD MILLION) 109
TABLE 31 POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2029 (USD MILLION) 112
TABLE 32 SMES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 112
TABLE 33 LARGE ENTERPRISES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 113
TABLE 34 POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 116
TABLE 35 BFSI: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 117
TABLE 36 GOVERNMENT & DEFENSE: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY REGION, 2023–2029 (USD MILLION) 118
TABLE 37 HEALTHCARE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 119
TABLE 38 IT & ITES: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 119
TABLE 39 RETAIL & E-COMMERCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION, 2023–2029 (USD MILLION) 120
TABLE 40 OTHER VERTICALS: POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 121
TABLE 41 POST-QUANTUM CRYPTOGRAPHY MARKET, BY REGION,
2023–2029 (USD MILLION) 123
TABLE 42 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2029 (USD MILLION) 126
TABLE 43 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 126
TABLE 44 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 126
TABLE 45 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 127
TABLE 46 NORTH AMERICA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2023–2029 (USD MILLION) 127
TABLE 47 US: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 128
TABLE 48 US: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 128
TABLE 49 US: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2029 (USD MILLION) 128
TABLE 50 US: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 129
TABLE 51 CANADA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 130
TABLE 52 CANADA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 130
TABLE 53 CANADA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 130
TABLE 54 CANADA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 131
TABLE 55 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 133
TABLE 56 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 133
TABLE 57 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 133
TABLE 58 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 134
TABLE 59 EUROPE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2023–2029 (USD MILLION) 134
TABLE 60 UK: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 135
TABLE 61 UK: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 135
TABLE 62 UK: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2029 (USD MILLION) 135
TABLE 63 UK: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 136
TABLE 64 FRANCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 137
TABLE 65 FRANCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 137
TABLE 66 FRANCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 137
TABLE 67 FRANCE: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 138
TABLE 68 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 139
TABLE 69 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 140
TABLE 70 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 140
TABLE 71 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 140
TABLE 72 ASIA PACIFIC: POST-QUANTUM CRYPTOGRAPHY MARKET, BY COUNTRY,
2023–2029 (USD MILLION) 141
TABLE 73 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 141
TABLE 74 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 142
TABLE 75 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2029 (USD MILLION) 142
TABLE 76 CHINA: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 142
TABLE 77 JAPAN: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION,
2023–2029 (USD MILLION) 143
TABLE 78 JAPAN: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SERVICE,
2023–2029 (USD MILLION) 144
TABLE 79 JAPAN: POST-QUANTUM CRYPTOGRAPHY MARKET, BY ORGANIZATION SIZE,
2023–2029 (USD MILLION) 144
TABLE 80 JAPAN: POST-QUANTUM CRYPTOGRAPHY MARKET, BY VERTICAL,
2023–2029 (USD MILLION) 144
TABLE 81 REST OF THE WORLD: POST-QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2029 (USD MILLION) 146
TABLE 82 REST OF THE WORLD: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY SERVICE, 2023–2029 (USD MILLION) 146
TABLE 83 REST OF THE WORLD: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY ORGANIZATION SIZE, 2023–2029 (USD MILLION) 146
TABLE 84 REST OF THE WORLD: POST-QUANTUM CRYPTOGRAPHY MARKET,
BY VERTICAL, 2023–2029 (USD MILLION) 147
TABLE 85 OVERVIEW OF STRATEGIES ADOPTED BY KEY POST-QUANTUM
CRYPTOGRAPHY VENDORS 148
TABLE 86 POST-QUANTUM CRYPTOGRAPHY MARKET: DEGREE OF COMPETITION 150
TABLE 87 POST-QUANTUM CRYPTOGRAPHY MARKET: REGION FOOTPRINT 157
TABLE 88 POST-QUANTUM CRYPTOGRAPHY MARKET: SOLUTION FOOTPRINT 158
TABLE 89 POST-QUANTUM CRYPTOGRAPHY MARKET: SERVICE FOOTPRINT 158
TABLE 90 POST-QUANTUM CRYPTOGRAPHY MARKET: VERTICAL FOOTPRINT 159
TABLE 91 POST-QUANTUM CRYPTOGRAPHY MARKET: KEY STARTUPS/SMES 161
TABLE 92 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES, BY VERTICAL 163
TABLE 93 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES, BY REGION 164
TABLE 94 POST-QUANTUM CRYPTOGRAPHY MARKET: PRODUCT LAUNCHES, 2022—2024 165
TABLE 95 POST-QUANTUM CRYPTOGRAPHY MARKET: DEALS, 2022—2024 172
TABLE 96 NXP SEMICONDUCTORS: COMPANY OVERVIEW 178
TABLE 97 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 98 NXP SEMICONDUCTORS: PRODUCT LAUNCHES AND ENHANCEMENTS 181
TABLE 99 NXP SEMICONDUCTORS: DEALS 182
TABLE 100 THALES: COMPANY OVERVIEW 184
TABLE 101 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 102 THALES: PRODUCT LAUNCHES AND ENHANCEMENTS 186
TABLE 103 THALES: DEALS 188
TABLE 104 AWS: COMPANY OVERVIEW 190
TABLE 105 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 106 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 191
TABLE 107 AWS: DEALS 192
TABLE 108 IDEMIA: COMPANY OVERVIEW 194
TABLE 109 IDEMIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 110 IDEMIA: PRODUCT LAUNCHES AND ENHANCEMENTS 195
TABLE 111 IDEMIA: DEALS 196
TABLE 112 PALO ALTO NETWORKS: COMPANY OVERVIEW 198
TABLE 113 PALO ALTO NETWORKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 114 PALO ALTO NETWORKS: PRODUCT LAUNCHES AND ENHANCEMENTS 200
TABLE 115 PALO ALTO NETWORKS: DEALS 203
TABLE 116 DIGICERT: COMPANY OVERVIEW 205
TABLE 117 DIGICERT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
TABLE 118 DIGICERT: DEALS 206
TABLE 119 KLOCH: COMPANY OVERVIEW 207
TABLE 120 KLOCH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
TABLE 121 POST-QUANTUM: COMPANY OVERVIEW 209
TABLE 122 POST-QUANTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 123 PQSHIELD: COMPANY OVERVIEW 210
TABLE 124 PQSHIELD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 125 PQSHIELD: PRODUCT LAUNCHES AND ENHANCEMENTS 213
TABLE 126 PQSHIELD: DEALS 213
TABLE 127 ENTRUST: COMPANY OVERVIEW 214
TABLE 128 ENTRUST: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
TABLE 129 ENTRUST: PRODUCT LAUNCHES AND ENHANCEMENTS 216
TABLE 130 IBM: COMPANY OVERVIEW 217
TABLE 131 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
TABLE 132 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 221
TABLE 133 IBM: DEALS 221
TABLE 134 ADJACENT MARKETS AND FORECASTS 237
TABLE 135 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING, 2017–2022 (USD MILLION) 238
TABLE 136 QUANTUM CRYPTOGRAPHY MARKET, BY OFFERING, 2023–2028 (USD MILLION) 238
TABLE 137 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2017–2022 (USD MILLION) 238
TABLE 138 QUANTUM CRYPTOGRAPHY MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 239
TABLE 139 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE,
2015–2020 (USD MILLION) 239
TABLE 140 ENCRYPTION SOFTWARE MARKET, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 239
TABLE 141 ON-PREMISES: ENCRYPTION SOFTWARE MARKET, BY REGION,
2015–2020 (USD MILLION) 240
TABLE 142 ON-PREMISES: ENCRYPTION SOFTWARE MARKET, BY REGION,
2021–2026 (USD MILLION) 240
TABLE 143 CLOUD: ENCRYPTION SOFTWARE MARKET, BY REGION,
2015–2020 (USD MILLION) 240
TABLE 144 CLOUD: ENCRYPTION SOFTWARE MARKET, BY REGION,
2021–2026 (USD MILLION) 241
LIST OF FIGURES
FIGURE 1 POST-QUANTUM CRYPTOGRAPHY MARKET: RESEARCH DESIGN 31
FIGURE 2 POST-QUANTUM CRYPTOGRAPHY MARKET: DATA TRIANGULATION 34
FIGURE 3 APPROACH 1 (SUPPLY SIDE): REVENUE FROM PLATFORMS/SERVICES OF POST-QUANTUM CRYPTOGRAPHY VENDORS 36
FIGURE 4 APPROACH 1 – SUPPLY-SIDE ANALYSIS 36
FIGURE 5 POST-QUANTUM CRYPTOGRAPHY MARKET ESTIMATION: RESEARCH FLOW 37
FIGURE 6 APPROACH 2: BOTTOM UP (DEMAND SIDE): PLATFORMS/SOLUTIONS/SERVICES 38
FIGURE 7 GLOBAL POST-QUANTUM CRYPTOGRAPHY MARKET SIZE AND Y-O-Y GROWTH RATE 44
FIGURE 8 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE IN 2024 45
FIGURE 9 GROWING INSTANCES OF QUANTUM THREATS TARGETING SMALL ENTERPRISES TO FUEL MARKET GROWTH 46
FIGURE 10 QUANTUM-SAFE HARDWARE SEGMENT TO HOLD LARGEST MARKET SHARE 47
FIGURE 11 DESIGN, IMPLEMENTATION, AND CONSULTING SEGMENT TO HOLD LARGEST MARKET SHARE 47
FIGURE 12 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE 48
FIGURE 13 BFSI AND NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE 48
FIGURE 14 EUROPE TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 49
FIGURE 15 POST-QUANTUM CRYPTOGRAPHY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
FIGURE 16 MARKET POTENTIAL OF GENERATIVE AI IN ENHANCING POST-QUANTUM CRYPTOGRAPHY MARKET ACROSS INDUSTRIES 56
FIGURE 17 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 57
FIGURE 18 VALUE CHAIN ANALYSIS 61
FIGURE 19 ECOSYSTEM ANALYSIS 63
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS 66
FIGURE 21 NUMBER OF PATENTS GRANTED FOR POST-QUANTUM CRYPTOGRAPHY MARKET, 2014–2024 74
FIGURE 22 REGIONAL ANALYSIS OF PATENTS GRANTED FOR POST-QUANTUM
CRYPTOGRAPHY MARKET 75
FIGURE 23 IMPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION) 77
FIGURE 24 EXPORT DATA, BY KEY COUNTRY, 2019–2023 (USD MILLION) 78
FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS 87
FIGURE 26 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 88
FIGURE 27 POST-QUANTUM CRYPTOGRAPHY MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 89
FIGURE 28 GLOBAL PQC COMPANIES FUNDING ROUNDS AND NUMBER OF INVESTORS 94
FIGURE 29 QUANTUM-RESISTANT ENCRYPTION SOLUTIONS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 97
FIGURE 30 MIGRATION SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING
FORECAST PERIOD 106
FIGURE 31 SMES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 111
FIGURE 32 IT & ITES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 116
FIGURE 33 EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 123
FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT 125
FIGURE 35 EUROPE: MARKET SNAPSHOT 132
FIGURE 36 SEGMENTAL REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS,
2021–2023 (USD MILLION) 149
FIGURE 37 SHARE OF LEADING COMPANIES IN POST-QUANTUM CRYPTOGRAPHY MARKET 150
FIGURE 38 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPARISON OF VENDORS’ BRANDS 153
FIGURE 39 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPANY VALUATION OF
KEY VENDORS (USD BILLION) 153
FIGURE 40 POST-QUANTUM CRYPTOGRAPHY MARKET: FINANCIAL METRICS OF KEY VENDORS 154
FIGURE 41 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 156
FIGURE 42 POST-QUANTUM CRYPTOGRAPHY MARKET: COMPANY FOOTPRINT 157
FIGURE 43 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 161
FIGURE 44 NXP SEMICONDUCTORS: COMPANY SNAPSHOT 179
FIGURE 45 THALES: COMPANY SNAPSHOT 185
FIGURE 46 PALO ALTO NETWORKS: COMPANY SNAPSHOT 199
FIGURE 47 IBM: COMPANY SNAPSHOT 218