Dublin, April 10, 2025 (GLOBE NEWSWIRE) -- The "Europe Post-Quantum Cryptography Market: Focus on Application, Product, and Regional and Country-Level Analysis - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
Europe's post-quantum cryptography market was valued at $162.8 million in 2024 and is expected to grow at a CAGR of 42.16%, reaching $5.48 billion by 2034. The post-quantum cryptography market in Europe is being driven by the increasing need to protect digital infrastructure from new threats posed by quantum computing, which is causing cryptographic algorithms to advance.
The creation of quantum-resistant encryption solutions is being accelerated by increased R&D expenditures, government financing, and industry partnerships. Strategic alliances and a proactive regulatory framework that places a high priority on protecting sensitive data in important sectors like banking, defence, and telecommunications further support market expansion. In order to handle upcoming cybersecurity issues throughout the region, the market is still concentrated on innovation and enhancing security resilience as cyber threats continue to change.
The Europe post-quantum cryptography (PQC) market is expanding rapidly as organizations and governments prepare for the cybersecurity challenges posed by quantum computing. Traditional encryption methods, including RSA and ECC, are vulnerable to quantum attacks, making the development of quantum-resistant cryptographic solutions a priority for industries such as banking, defense, telecommunications, and healthcare.
Governments across Europe are taking proactive steps to strengthen digital security, with initiatives supporting the research and implementation of PQC solutions. Increased R&D investments, collaborations between technology firms and academic institutions, and regulatory frameworks emphasizing data protection are driving innovation in cryptographic algorithms. The adoption of lattice-based, hash-based, and multivariate polynomial encryption techniques is accelerating, ensuring long-term data security.
The market is further fueled by the European Union's commitment to cybersecurity advancements and digital sovereignty. As cyber threats evolve, organizations are integrating PQC into their security frameworks to future-proof sensitive data against quantum threats. The rising demand for secure communication, financial transactions, and defense applications is expected to propel market growth. With strong regulatory support and increasing enterprise adoption, the Europe PQC market is poised for sustained expansion, ensuring robust cybersecurity solutions for the quantum computing era.
Report Scope
- Product/Innovation Strategy: The product segment helps readers understand the various applications of post-quantum cryptography solutions based on use cases (such as network security, data storage, secure communications, and digital transactions). It covers different cryptographic approaches, including lattice-based, hash-based, and multivariate algorithms. With advancements in quantum-resistant encryption and increasing concerns over data security, the post-quantum cryptography market presents a high-growth, high-investment opportunity.
- Growth/Marketing Strategy: The Europe post-quantum cryptography market has been expanding rapidly, offering significant opportunities for both established and emerging players. Key strategies covered include R&D investments, partnerships, collaborations, and product development initiatives. Companies in post-quantum cryptography market have been focusing on developing robust, quantum-resistant solutions to secure a leading position and address evolving cybersecurity needs.
- Competitive Strategy: The report profiles key players in the Europe post-quantum cryptography market, including technology providers and cybersecurity firms. It offers a comprehensive view of the competitive landscape, covering alliances, joint ventures, and innovation strategies, enabling readers to identify new revenue opportunities and gain a competitive edge in this evolving market.
Key Market Players and Competition Synopsis
The companies profiled in the report have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and post-quantum cryptography market penetration.
Some of the prominent names in the market are:
- ID Quantique
- ETAS
- Infineon Technologies
- PQShield Ltd
- Thales
- CryptoNext, inc.
- Crypto Quantique
- PQ Solutions Limited
- Quantum Blockchains
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 103 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value (USD) in 2024 | $162.8 Million |
| Forecasted Market Value (USD) by 2034 | $5480 Million |
| Compound Annual Growth Rate | 42.1% |
| Regions Covered | Europe |
Key Topics Covered:
1 Market: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends Shaping Post-Quantum Cryptography Market
1.1.2 Increased Adoption of Quantum-Safe Algorithms
1.1.3 Standardization Efforts and Adoption of NIST Guidelines
1.2 Supply Chain Overview
1.2.1 Supply Chain Analysis
1.2.2 Value Chain Analysis
1.2.3 Quantum Technology Ecosystem
1.2.4 Market Map
1.2.5 Investment Required for Efficient Deployment of Post-Quantum Cryptography (PQC)
1.2.5.1 Government Investment: U.S. Federal Government Initiatives
1.2.5.2 Corporate Investment: IBM and Microsoft
1.2.5.3 Industry-Specific Investment: Financial Sector
1.3 Research and Development Review
1.4 Snapshot of the Quantum Computing Market
1.5 Market Dynamics Overview
1.5.1 Market Drivers
1.5.1.1 Rising Threat from Quantum Computing to Current Cryptographic Systems
1.5.1.2 Government Initiatives and Funding for Quantum-Resistant Technologies
1.5.2 Market Challenges
1.5.2.1 High Complexity and Cost of Implementing Post-Quantum Cryptography Solutions
1.5.2.2 Lack of Standardization and Interoperability across Cryptographic Systems
1.5.3 Market Opportunities
1.5.3.1 Expansion of Post-Quantum Cryptography in Financial and Healthcare Sectors
1.5.3.2 Collaboration between Academia, Industry, and Governments for Quantum-Safe Standards
2 Post-Quantum Cryptography Market (by Region)
2.1 Regional Summary
2.2 Post-Quantum Cryptography Market (by Region)
3 Markets - Competitive Landscaped and Companies Profiled
3.1 Next Frontiers
3.2 Geographical Assessment
3.3 Competitive Landscape
3.4 Company Profiles
- ID Quantique
- ETAS
- Infineon Technologies AG
- PQShield Ltd
- Thales
- CryptoNext, inc.
- Crypto Quantique
- PQ Solutions Limited
- Quantum Blockchains
For more information about this report visit https://www.researchandmarkets.com/r/lw4s4i
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