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Post-Quantum Cryptography
Market Data | 2Q 2025 | MD-PQC-101
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As we inch closer to the advent of attack-capable quantum computers, organizations in critical sectors like Information & Communication, banking, energy, defense, and government are expected to increase investment in Post Quantum Cryptography (PQC) cybersecurity services. ABI Research forecasts spending on PQC services to grow at a Compound Annual Growth Rate (CAGR) of 21.6% between 2025 and 2030, approaching the US$680 million mark. Information & Communications Technologies will drive the most revenue in PQC services, closely followed by the energy and banking sectors.
PQC refers to cryptographic algorithms that would be secure against a potential attack by a cryptographically-relevant quantum computer. PQC-based technology is incipient. The genesis of commercially accepted cryptographic algorithms is in standardization development processes, instituted by various Standards Development Organizations (SDOs) with the U.S. National Institute of Standards and Technology (NIST) foremost among them. The few currently published PQC standards that are internationally recognized are from the U.S. NIST: FIPS 203 Module-Lattice-Based Key-Encapsulation Mechanism Standard, FIPS 204 Module-Lattice-Based Digital Signature Standard, and FIPS 205 Stateless Hash-Based Digital Signature Standard. Other candidate algorithms will emerge, from NIST, as well as other SDOs in the next few years
PQC refers to cryptographic algorithms that would be secure against a potential attack by a cryptographically-relevant quantum computer. PQC-based technology is incipient. The genesis of commercially accepted cryptographic algorithms is in standardization development processes, instituted by various Standards Development Organizations (SDOs) with the U.S. National Institute of Standards and Technology (NIST) foremost among them. The few currently published PQC standards that are internationally recognized are from the U.S. NIST: FIPS 203 Module-Lattice-Based Key-Encapsulation Mechanism Standard, FIPS 204 Module-Lattice-Based Digital Signature Standard, and FIPS 205 Stateless Hash-Based Digital Signature Standard. Other candidate algorithms will emerge, from NIST, as well as other SDOs in the next few years
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