Post-Quantum Security Market Forecast to Grow 46% a Year to 2030

, /PRNewswire/ -- American News Group News Commentary - The encryption protecting today's data has a shelf life, and the market for replacing it is starting from a small base. MarketsandMarkets projects the global post-quantum cryptography market will grow from $0.42 billion in 2025 to $2.84 billion by 2030, a compound annual growth rate of 46.2%. Active Companies from around the markets with current developments this week include: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80), Cloudflare, Inc. (NYSE: NET), IonQ, Inc. (NYSE: IONQ), Akamai Technologies, Inc. (Nasdaq: AKAM) and Okta, Inc. (Nasdaq: OKTA). The concern behind that growth is simple. Data captured and stored today could be decrypted later by a sufficiently powerful quantum computer, which is why security teams are being asked to plan the migration now, before such machines exist. Standards work has moved from theory to product: the U.S. National Institute of Standards and Technology has published FIPS 203, the module-lattice key encapsulation standard that hybrid key exchanges in current browsers and networks build on. The forecast is a third-party projection, not a guarantee, and timelines for quantum capability remain debated. What is not debated is that large infrastructure vendors…