The North America Quantum-resistant Cryptography Solutions Market is expected to witness market growth of 30.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Quantum-resistant Cryptography Solutions Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.13 billion by 2031. The Canada market is experiencing a CAGR of 32.3% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 32% during 2024-2031.
Quantum-resistant cryptography, also known as post-quantum cryptography, is becoming an increasingly vital area within cybersecurity, especially as the evolution of quantum computing threatens to disrupt traditional encryption methods.
Moreover, public-key cryptographic systems such as RSA, ECC (Elliptic Curve Cryptography), and Diffie-Hellman have provided the foundation of secure data transmission and digital communication. These systems rely on the computational impossibility of discrete logarithmic problems and factoring huge numbers - complex operations that have proven impossible for classical computers to complete in a reasonable amount of time up to this point.
Across North America, the quantum-resistant cryptography solutions market is expanding rapidly, fueled by government-backed initiatives, private-sector investments, and cross-border collaborations. The United States is leading the surge in demand for quantum-resistant cryptography solutions in North America, largely propelled by strong government support and strategic investment in quantum security research. The 2018 National Quantum Initiative Act has created a comprehensive framework for advancing quantum technologies, including quantum-safe cryptography, by allocating over $1.2 billion to quantum research and development.
The US market dominated the North America Quantum-resistant Cryptography Solutions Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.13 billion by 2031. The Canada market is experiencing a CAGR of 32.3% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 32% during 2024-2031.
Quantum-resistant cryptography, also known as post-quantum cryptography, is becoming an increasingly vital area within cybersecurity, especially as the evolution of quantum computing threatens to disrupt traditional encryption methods.
Moreover, public-key cryptographic systems such as RSA, ECC (Elliptic Curve Cryptography), and Diffie-Hellman have provided the foundation of secure data transmission and digital communication. These systems rely on the computational impossibility of discrete logarithmic problems and factoring huge numbers - complex operations that have proven impossible for classical computers to complete in a reasonable amount of time up to this point.
Across North America, the quantum-resistant cryptography solutions market is expanding rapidly, fueled by government-backed initiatives, private-sector investments, and cross-border collaborations. The United States is leading the surge in demand for quantum-resistant cryptography solutions in North America, largely propelled by strong government support and strategic investment in quantum security research. The 2018 National Quantum Initiative Act has created a comprehensive framework for advancing quantum technologies, including quantum-safe cryptography, by allocating over $1.2 billion to quantum research and development.
List of Key Companies Profiled
- Toshiba Corporation
- QuintessenceLabs Pty. Ltd.
- Infineon Technologies AG
- Qrypt Inc.
- IBM Corporation
- ID Quantique SA
- QuantumCTek Co., Ltd.
- QNu Labs Pvt. Ltd.
- Agnostiq, Inc.
- NEC Corporation
Market Report Segmentation
By Type
- Software
- Hardware
- Services
By Application
- Network Security
- Cloud Security
- Database Security
- Application Security
By End User
- Healthcare
- Government & Defense
- BFSI
- IT & Telecom
- Retail & E-commerce
- Other End Users
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Recent Strategies Deployed in Quantum-resistant Cryptography Solutions Market
Chapter 5. North America Quantum-resistant Cryptography Solutions Market by Type
Chapter 6. North America Quantum-resistant Cryptography Solutions Market by Application
Chapter 7. North America Quantum-resistant Cryptography Solutions Market by End User
Chapter 8. North America Quantum-resistant Cryptography Solutions Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Toshiba Corporation
- QuintessenceLabs Pty. Ltd.
- Infineon Technologies AG
- Qrypt Inc.
- IBM Corporation
- ID Quantique SA
- QuantumCTek Co., Ltd.
- QNu Labs Pvt. Ltd.
- Agnostiq, Inc.
- NEC Corporation
Methodology
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