Vancouver, BC – September 30, 2026 -- The global post-quantum cryptography market is projected to grow from $0.42 billion in 2025 to $2.84 billion by 2030, a 46.2% compound annual growth rate, according to MarketsandMarkets, as enterprises face pressure to migrate encryption before quantum computers mature enough to break it. Against that backdrop, Vancouver-based Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN80) named Joseph Hall as Chief Intelligence Officer, adding more than 20 years of threat intelligence experience to its leadership bench.
QSE brings in a 20-year threat intelligence veteran to sharpen customer deployments
Hall's prior roles include Director of Threat Intel R&D at Infoblox, Head of Security Services at Nile, Principal Security Consultant at Fortinet and Chief Information Security Officer at HEROIC Cybersecurity, with earlier stints at Dell SonicWall, Sophos, Symantec PGP, American Express and Solera Networks. His background spans security work for the 2016 Rio Olympic Games and threat-intelligence initiatives involving billions of compromised credentials. He will work alongside QSE Chief Technology Officer Michael Massing, who previously led Dell SonicWall's Unified Threat Management unit to roughly $400 million in annual sales. QSE CEO Ted Carefoot said the company is assembling a team that connects threat intelligence, commercial execution and customer requirements as it pursues larger contracts. QSE separately granted employees 350,000 stock options, exercisable over five years, and 350,000 restricted share units vesting over three years.
NIST's FIPS 203 standard is driving infrastructure vendors to set concrete migration dates
The U.S. National Institute of Standards and Technology's FIPS 203 module-lattice key encapsulation standard now underpins hybrid key exchanges in current browsers and networks. Cloudflare, Inc. (NYSE: NET) said on September 29 it will become a public certificate authority issuing both traditional and post-quantum Merkle Tree Certificates, with production issuance beginning in the first quarter of 2027; the company has set 2029 as its target for full post-quantum security across its products and said over 65% of human traffic on its network already uses post-quantum encryption at no extra cost to customers. Akamai Technologies, Inc. (Nasdaq: AKAM) has enabled the X25519MLKEM768 hybrid key group based on FIPS 203 on its edge network and plans to make it the default for Enhanced TLS customers in the first quarter of 2026, at no additional cost.
Quantum hardware revenue is climbing sharply from a small base
IonQ, Inc. (NYSE: IONQ) reported second-quarter 2026 revenue of $80.1 million, up 287% year over year, with $3.0 billion in cash, cash equivalents and investments as of June 30. The company's ClavisXG Multiplex targets high-performance key distribution on existing network infrastructure, and on September 8 IonQ raised its full-year 2026 revenue outlook to $450 million to $460 million following its acquisition of SkyWater Technology. Chairman and CEO Niccolo de Masi said the company is now executing on a roadmap intended to accelerate its timeline toward commercial-scale, fault-tolerant quantum computing.
Identity and cloud infrastructure vendors post double-digit growth alongside a major AI deal
Akamai announced on September 24 an $11.6 billion, seven-year agreement with Anthropic to supply distributed AI infrastructure and cloud computing services, which the company said would not affect 2026 revenue guidance but adds roughly $1.7 billion in 2026 capital expenditures. Okta, Inc. (Nasdaq: OKTA) reported second-quarter fiscal 2027 total revenue of $805 million, up 11%, with subscription revenue of $793 million, up 12%, and remaining performance obligations of $4.858 billion, up 17%; the company guided to fiscal 2027 revenue of $3.216 billion to $3.226 billion. CEO Todd McKinnon said every AI agent now needs a trusted identity, a category QSE also lists among its focus areas alongside encryption and secure data infrastructure.