Post-Quantum Cryptography Market to Reach $1.89 Billion by 2029 – MarketsandMarkets™ Report

Sheetal2314 Oct, 2024Technology

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, according to new research report by MarketsandMarkets™. The critical driver of post-quantum cryptography is the threat that quantum computers would pose against existing cryptographic solutions, like RSA (Rivest-Shamir-Adleman) and ECC (Elliptic curve cryptography), which hold highly sensitive data across sectors.