The North America Quantum-resistant Cryptography Solutions Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $1,138.1 million by 2031. The Canada market is experiencing a CAGR of 32.3% during (2024 - 2031). Additionally, The Mexico market would 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.
Free Valuable Insights: The Quantum-resistant Cryptography Solutions Market is Predict to reach USD 4.1 Billion by 2031, at a CAGR of 31.4%
Based on Type, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Network Security, Cloud Security, Database Security, and Application Security. Based on End User, the market is segmented into Healthcare, Government & Defense, BFSI, IT & Telecom, Retail & E-commerce, and Other End Users. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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