Dublin, April 21, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Post-Quantum Cryptography Market: Focus on Application, Product, and Country - Analysis and Forecast, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The Asia-Pacific post-quantum cryptography market was valued at $111.1 million in 2024 and is expected to grow at a CAGR of 43.41%, reaching $4.08 billion by 2034.
The post-quantum cryptography (PQC) market in Asia-Pacific is expanding rapidly as governments and businesses get ready for the possible risks that quantum computing could pose to established encryption methods. Quantum-resistant cryptographic solutions are becoming more and more important in sectors like finance, defence, telecommunications, and healthcare as a result of the quick development of quantum technology. The governments of the region are making significant investments in R&D to create safe encryption protocols that are resistant to quantum attacks, especially in China, Japan, India, and South Korea.
Strong regulatory initiatives, heightened cybersecurity awareness, and partnerships between government agencies, tech companies, and academic institutions are driving the market. The creation of multivariate polynomial, hash-based, and lattice-based cryptographic algorithms that provide long-term data protection are important developments. PQC solutions are being adopted even more quickly thanks to strategic alliances between businesses and cybersecurity companies, which guarantee adherence to changing international security standards.
The Asia-Pacific area is establishing itself as a centre for post-quantum security innovation as cyber threats continue to change. The PQC market is anticipated to grow as a result of sustained investments, government-led programs, and expanding enterprise adoption, allowing businesses to create robust cybersecurity frameworks that can withstand upcoming quantum computing difficulties.
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 APAC 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 APAC 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.
Some of the prominent names in post-quantum cryptography market are:
Key Attributes:
Report Attribute | Details |
No. of Pages | 84 |
Forecast Period | 2024 - 2034 |
Estimated Market Value (USD) in 2024 | $111.1 Million |
Forecasted Market Value (USD) by 2034 | $4080 Million |
Compound Annual Growth Rate | 43.4% |
Regions Covered | Asia Pacific |
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
1.2.4 Market Map
1.2.4.1 Post-Quantum Cryptography Market - Product (by Product Type)
1.2.5 Investment Required for Efficient Deployment of Post-Quantum Cryptography (PQC)
1.2.5.1 Corporate Investment: IBM and Microsoft
1.2.5.2 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 Asia-Pacific Post-Quantum Cryptography Market (by Country)
2.1 Regional Summary
2.2 Post-Quantum Cryptography Market (by Region)
2.3 Asia-Pacific
2.3.1 Key Market Participants in Asia-Pacific
2.3.2 Application
2.3.3 Product
2.3.4 China
2.3.5 Japan
2.3.6 India
2.3.7 South Korea
2.3.8 Taiwan
2.3.9 Rest-of-Asia-Pacific
3 Markets - Competitive Landscaped and Companies Profiled
3.1 Next Frontiers
3.2 Geographical Assessment
3.3 Competitive Landscape
3.4 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cqzt8b
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900