The Asia Pacific Quantum-resistant Cryptography Solutions Market is expected to witness market growth of 32.1% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $295.3 million by 2031. The Japan market is registering a CAGR of 31.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 32.9% during 2024-2031.
New cryptographic algorithms designed specifically to withstand quantum attacks are at the heart of quantum-resistant cryptography. Unlike traditional encryption, these algorithms do not rely on the same mathematical problems that quantum computers can potentially solve easily. Instead, they use alternative approaches, such as lattice-based cryptography, hash-based cryptography, code-based cryptography, and multivariate polynomial cryptography, which are considered resilient to classical and quantum attacks.
Additionally, these quantum-safe algorithms are the backbone of the quantum-resistant cryptography solutions market, offering a variety of methods for securing data in a post-quantum world. As these new cryptographic methods develop, the role of international standards and regulatory bodies has become essential.
The Asia Pacific region is witnessing a substantial increase in demand for quantum-resistant cryptography, driven by ambitious government initiatives, strong research ecosystems, and strategic national goals to lead in quantum technologies. China has taken a dominant position in the region, with over $10 billion allocated to the National Laboratory for Quantum Information Sciences as part of its strategy to lead globally in quantum technology. This initiative heavily funds quantum-resistant cryptography research, especially in cybersecurity, national defense, and communications sectors.
The China market dominated the Asia Pacific 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 $295.3 million by 2031. The Japan market is registering a CAGR of 31.3% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 32.9% during 2024-2031.
New cryptographic algorithms designed specifically to withstand quantum attacks are at the heart of quantum-resistant cryptography. Unlike traditional encryption, these algorithms do not rely on the same mathematical problems that quantum computers can potentially solve easily. Instead, they use alternative approaches, such as lattice-based cryptography, hash-based cryptography, code-based cryptography, and multivariate polynomial cryptography, which are considered resilient to classical and quantum attacks.
Additionally, these quantum-safe algorithms are the backbone of the quantum-resistant cryptography solutions market, offering a variety of methods for securing data in a post-quantum world. As these new cryptographic methods develop, the role of international standards and regulatory bodies has become essential.
The Asia Pacific region is witnessing a substantial increase in demand for quantum-resistant cryptography, driven by ambitious government initiatives, strong research ecosystems, and strategic national goals to lead in quantum technologies. China has taken a dominant position in the region, with over $10 billion allocated to the National Laboratory for Quantum Information Sciences as part of its strategy to lead globally in quantum technology. This initiative heavily funds quantum-resistant cryptography research, especially in cybersecurity, national defense, and communications sectors.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Quantum-resistant Cryptography Solutions Market by Type
Chapter 6. Asia Pacific Quantum-resistant Cryptography Solutions Market by Application
Chapter 7. Asia Pacific Quantum-resistant Cryptography Solutions Market by End User
Chapter 8. Asia Pacific 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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