Story perspectives

Post-Quantum Cryptography Market Set to Surge to $2.84B

10/24/2025

Summary

Story summary

The post-quantum cryptography (PQC) market is projected to grow from $0.42 billion in 2025 to $2.84 billion by 2030, driven by data breaches and the need for quantum-resistant encryption.
The U.S. government is exploring equity stakes in quantum firms to bolster national security amid concerns that quantum threats could undermine encryption standards.
Scope Technologies has achieved CyberSecure Canada Level 1 certification and is expanding its market presence through strategic acquisitions.

History

Historical Context

In 2016, the National Institute of Standards and Technology (NIST) launched a post-quantum cryptography standardization project to combat potential quantum computing threats, following a report predicting the RSA algorithm's vulnerability by 2030. By 2025, the post-quantum cryptography market is projected to grow from $0.42 billion to $2.84 billion, reflecting increasing demand for secure encryption solutions.

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Story summary

The post-quantum cryptography (PQC) market is projected to grow from $0.42 billion in 2025 to $2.84 billion by 2030, driven by data breaches and the need for quantum-resistant encryption.
The U.S. government is exploring equity stakes in quantum firms to bolster national security amid concerns that quantum threats could undermine encryption standards.
Scope Technologies has achieved CyberSecure Canada Level 1 certification and is expanding its market presence through strategic acquisitions.

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