Top Post-Quantum Cryptography (PQC) Companies

The global post-quantum cryptography (PQC) market size is projected to grow from USD 0.42 billion in 2025 to USD 2.84 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 46.2% during the forecast period. Partnerships and ecosystem growth are central to PQC adoption, as technology vendors, telecom operators, and cybersecurity providers collaborate with research institutions and standards bodies, enabling scalable deployments, cross-industry interoperability, and the faster integration of quantum-resistant encryption into real-world applications.

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What is post-quantum cryptography (PQC)?

The post-quantum cryptography (PQC) market refers to the sector focused on developing, standardizing, and deploying cryptographic algorithms and security protocols designed to be secure against the potential threats of quantum computers. Once fully realized, quantum computers are expected to be capable of breaking many of the cryptographic systems currently in use, such as RSA and ECC (Elliptic Curve Cryptography).”

Competitive overview:

The post-quantum cryptography (PQC) market is led by some of the globally established players, such as NXP Semiconductor (Netherlands), Patero (US), 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), Quantum Xchange (US), Arqit (UK), and Quantropi (Canada). Partnerships, agreements, collaborations, acquisitions, and product developments are various growth strategies these players use to increase their market presence.

NXP Semiconductors (Netherlands) is a global company specializing in secure connectivity, microcontrollers, and advanced processor technologies across automotive, industrial, and IoT sectors, enabling reliable processing, secure data exchange, and efficient power management. In the PQC market, they provide quantum-safe hardware solutions that integrate post-quantum cryptography directly into chips and secure elements, including hardware-based encryption accelerators, secure key storage, and cryptographic modules, supported by software and firmware updates to comply with evolving quantum-resistant standards. These offerings help industries such as financial services, connected vehicles, and IoT ecosystems future-proof their security infrastructure against emerging quantum threats while ensuring high performance and seamless integration with existing systems. NXP’s solutions are designed to optimize energy efficiency and minimize latency, making them suitable for high-performance computing and real-time applications. Their technical support and deployment guidance also help organizations scale PQC adoption effectively across diverse environments.

Thales (France) is a global technology company specializing in digital security, data protection, and advanced electronics for aerospace, defence, transportation, and critical infrastructure sectors, delivering solutions that enable secure communications, identity management, and reliable information processing. In the PQC market, Thales provides quantum-resistant encryption solutions and secure hardware modules that embed post-quantum cryptography, including secure key management, cryptographic accelerators, and compliance-ready security modules, supported by software and firmware updates to meet evolving standards. These solutions help industries such as financial services, government, and critical infrastructure safeguard sensitive data against emerging quantum threats while ensuring seamless integration with existing IT and operational systems. Thales’ offerings are optimized for high-performance environments, providing robust security, low-latency operations, and deployment support to help organizations implement PQC at scale across diverse applications.

Market Ranking

The post-quantum cryptography (PQC) market is consolidated, with five major players—NXP, Thales, AWS, Palo Alto Networks, and IDEMIA—collectively accounting for approximately 59-70% of the total market share. These companies lead through enterprise-grade quantum-safe hardware and software solutions, integration with existing cryptographic frameworks, and strategic partnerships across various industries, including finance, government, healthcare, and critical infrastructure. Their ongoing investments in high-performance quantum-resistant chips, secure key management, post-quantum encryption modules, and compliance-ready firmware updates further strengthen their position. Meanwhile, smaller vendors and emerging startups are gaining traction by offering niche PQC solutions such as lightweight cryptographic modules, software-only quantum-resistant libraries, faster implementation cycles, and cost-effective managed encryption services. This competitive dynamic is accelerating innovation and driving diversification across the evolving PQC landscape.

Related Reports:

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 2030

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