Information Technology
Quantum Cryptography Market worth $10.2 billion by 2031 | MarketsandMarkets™
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=45857130
The growing availability of quantum-safe standards from NIST, ETSI, and ISO is providing organizations with clearer direction for implementing PQC and QKD, prompting a more structured adoption. At the same time, rising concerns over "harvest-now, decrypt-later" threats are pushing enterprises to secure long-retention data with quantum-resilient methods. Together, these factors are strengthening demand for quantum-secure communication solutions.
The BFSI sector is the largest market for quantum cryptography because financial institutions handle sensitive data that must stay confidential for decades, making them very vulnerable to future quantum decryption threats. Banks and payment networks rely on continuous data exchange across branches, trading floors, clearinghouses, and global data centers, resulting in a high demand for quantum-secure channels. Many institutions are exploring QKD to secure inter-data-center backbone routes, ATM networks, and high-frequency trading links, while also incorporating PQC algorithms into authentication processes and transaction signing. Since 2023, several major financial groups in Asia , Europe , and North America have started pilots using QKD for secure settlement traffic and PQC-based key rotation for core banking APIs. Compliance requirements from financial regulators are also prompting institutions to prepare for quantum-safe migration, making BFSI the most proactive industry in driving the adoption of quantum cryptography.
https://www.marketsandmarkets.com/requestsampleNew.asp?id=45857130
Fiber-optic cable is the fastest-growing transmission type in the Quantum Cryptography Market because it offers stable, low-loss channels necessary for transmitting quantum signals over long distances. Its compatibility with existing telecom and enterprise backbone infrastructure enables organizations to incorporate quantum-secure communication without requiring network rebuilds. Fiber systems support high bandwidth, minimal interference, and precise photon transmission, making them ideal for quantum-safe key exchange and long-term data protection. As financial institutions, cloud providers, and government networks increase their demand for secure inter-facility communication, fiber-based quantum links are becoming the preferred choice. The widespread availability of fiber routes across metropolitan and cross-country corridors further accelerates its adoption as the primary foundation for scalable quantum cryptography deployment.
The North American Quantum Cryptography Market is strengthening as enterprises and public agencies focus on protecting long-term data, securing multi-cloud environments, and modernizing identity frameworks with quantum-safe algorithms. In the US, cloud providers, telecom carriers, and financial institutions are integrating PQC and quantum-resilient key management into their core infrastructure to prepare for future decryption risks. Canada is also accelerating activity through significant national investment. In January 2025 , the Canadian government allocated approximately USD 51 million to support over 100 quantum research projects, including work on secure communications and next-generation cryptographic tools. Earlier, in March 2023 , Canada invested roughly USD 1 million to strengthen commercial development across the quantum security ecosystem. The country's National Quantum Strategy, launched in 2023, further outlines a roadmap for quantum communication and post-quantum cryptography capabilities. Together, these initiatives, combined with active participation from telecom, cloud, aerospace, and scientific institutions, are building a strong foundation for quantum-secure communication across North America .
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=45857130
The Top Companies in Quantum Cryptography Market are Toshiba ( Japan ), Thales ( France ), DigiCert (US), NXP Semiconductors ( Netherlands ), ID Quantique ( Switzerland ), QuintessenceLabs ( Australia ), QuantumCTek ( China ), MagiQ Technologies (US), Crypta Labs (UK), Qasky ( China ), Qubitekk (US), Eviden ( France ), NuCrypt (US), Quantum Xchange (US), Infineon Technologies ( Germany ), Rambus (US), qutools ( Germany ), QNu Labs ( India ), Post-Quantum (UK), IBM (US), HPE (US), Crypto Quantique (UK), Qrypt (US), KETS Quantum Security (UK), PQShield (UK), Qubalt ( Germany ), VeriQloud ( France ), SSH Communications Security ( Finland ), HEQA Security ( Israel ), QuSecure (US), ISARA ( Canada ), Origin Quantum ( China ), Quantinuum (US), Kudelski Security ( Switzerland ), Fortanix (US), Q*Bird ( Netherlands ), and Quside ( Spain ).
:
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, , and . With a , we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our , which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/quantum-cryptography-market-worth-10-2-billion-by-2031--marketsandmarkets-302631495.html