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Post Quantum Cryptography Review: Quantum-Safe Evolution, Applications and Global Market Surge

V. Gujar

2025 · DOI: 10.22214/ijraset.2025.75045
International Journal for Research in Applied Science and Engineering Technology · 0 Citations

TLDR

This review article traces cryptography's evolution from ancient ciphers to NIST's 2025 standards, detailing quantum-resistant algorithms like ML-KEM and ML-DSA that counter Shor's algorithm vulnerabilities.

Abstract

In the wake of accelerating quantum computing threats, Post-Quantum Cryptography (PQC) emerges as a vital shield

for global data security, that will poised to revolutionize industries by 2030. This review article traces cryptography's evolution

from ancient ciphers to NIST's 2025 standards, detailing quantum-resistant algorithms like ML-KEM and ML-DSA that counter

Shor's algorithm vulnerabilities. Potential real-world applications in finance, healthcare, cloud computing and beyond, it

highlights PQC's role in safeguarding sensitive transactions, patient records and IoT networks amid projections of Q-Day as

early as 2029. With the PQC market surging from 0.42billionin2025topotentially0.42 billion in 2025 to potentially 29.95 billion by 2034, driven by regulatory

mandates and innovation, the paper underscores India's GCCs as quantum-ready hubs unlocking trillions in value through

strategic adoption. Also,as data Centres are projected to grow to $100B by 2027, needs immediate migration to avert catastrophic

breaches, this article equips stakeholders to strategise the quantum era's challenges and opportunities.