The Europe Quantum-resistant Cryptography Solutions Market is expected to witness market growth of 30.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $273.6 million by 2031. The UK market is exhibiting a CAGR of 30% during 2024-2031. Additionally, the France market would experience a CAGR of 31.9% during 2024-2031.
The demand for secure, scalable cryptographic solutions has intensified as industries embrace digital transformation and the Internet of Things (IoT). IoT connects many devices across healthcare, manufacturing, and energy sectors, enabling seamless data flow and operational efficiency. However, these interconnected systems are vulnerable to cyber threats, particularly with the looming potential of quantum computing.
Additionally, traditional encryption methods may be unable to protect IoT devices from quantum-powered attacks, making quantum-resistant cryptography essential. Quantum-safe solutions are being developed to secure real-time data exchanges across IoT ecosystems, ensuring data integrity and privacy even as cyber threats grow more sophisticated.
In the United Kingdom, demand for quantum-resistant cryptography is bolstered by the government's goal of leading in quantum and AI technologies. The National Quantum Technologies Programme, a £1 billion initiative, aims to advance quantum computing, sensing, and communication technologies, focusing critically on quantum-safe cryptography. This program includes the creation of Quantum Computing Hubs at leading universities like Oxford, Cambridge, and Edinburgh, where research into quantum-resistant encryption is actively underway.
The Germany market dominated the Europe 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 $273.6 million by 2031. The UK market is exhibiting a CAGR of 30% during 2024-2031. Additionally, the France market would experience a CAGR of 31.9% during 2024-2031.
The demand for secure, scalable cryptographic solutions has intensified as industries embrace digital transformation and the Internet of Things (IoT). IoT connects many devices across healthcare, manufacturing, and energy sectors, enabling seamless data flow and operational efficiency. However, these interconnected systems are vulnerable to cyber threats, particularly with the looming potential of quantum computing.
Additionally, traditional encryption methods may be unable to protect IoT devices from quantum-powered attacks, making quantum-resistant cryptography essential. Quantum-safe solutions are being developed to secure real-time data exchanges across IoT ecosystems, ensuring data integrity and privacy even as cyber threats grow more sophisticated.
In the United Kingdom, demand for quantum-resistant cryptography is bolstered by the government's goal of leading in quantum and AI technologies. The National Quantum Technologies Programme, a £1 billion initiative, aims to advance quantum computing, sensing, and communication technologies, focusing critically on quantum-safe cryptography. This program includes the creation of Quantum Computing Hubs at leading universities like Oxford, Cambridge, and Edinburgh, where research into quantum-resistant encryption is actively underway.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Quantum-resistant Cryptography Solutions Market by Type
Chapter 6. Europe Quantum-resistant Cryptography Solutions Market by Application
Chapter 7. Europe Quantum-resistant Cryptography Solutions Market by End User
Chapter 8. Europe 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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