Quantum Random Number Generator Market

A Quantum Random Number Generator (QRNG) is a highly sophisticated engineering innovation that involves the power of complex deep-tech technologies such as semiconductors, optoelectronics, high-precision electronics, and quantum physics which work together to create the highest level of randomness possible. QRNG has proved to be a key enabling technology for quantum-level security in mobile devices, data centers, and medical implants. They offer users an enhanced improvement for standard random number generators (RNGs), which have been used for years for different business applications.

The quantum random number generator market size to grow from USD XX.X billion in 2022 to USD XX.X billion by 2027, at a Compound Annual Growth Rate (CAGR) of XX.X % during the forecast period. Various factors, such as the increasing need to generate random numbers in cryptography or computation applications and real-time monitoring of entropy source are expected to drive the adoption of quantum random number generator market.

To know about the assumptions considered for the study, Request for Free Sample Report

Market Dynamics

Driver: Increasing need to generate random numbers in cryptography or computation applications

The QRNG is the ideal random key generator as it utilizes intrinsic qualities of quantum physics to generate entropy. Nowadays, applications require a high rate of keys and randomness to ensure complete security. It could be key vaults, gaming, IoT devices, AI/ML, blockchains, simulations, in addition to critical infrastructure. QRNG forms the source of these applications where the trust on randomness is dominant. Moreover, it is used in encryption with a multitude of applications, including cryptography, numerical simulation, gambling, and game development.

Opportunity: The advent of AI, ML and blockchain technologies across random number generators to enhance security

A random number generator that relies on quantum mechanics to produce smart contract-driven data sets empowered by blockchain technology has launched on more than a dozen cryptocurrency protocols. Moreover, QRNG offers quantum cryptography-based next-generation security solutions, which allow customers to upgrade their legacy crypto infrastructure to quantum-safe cryptography.

Challenge: Concerns with developing pure randomness using the latest computing technology

A random number is something a device produces, and we cannot know its value until it has been generated. One of the most difficult parts of generating random numbers is basically that a computer is a machine that repeats a few steps we tell it to do, it cannot generate them. It is difficult to generate somewhat that is unpredictable in a computer.

Key Market Players in the market

The major players in the quantum random number generator market include Quside (Spain), QNu Labs (India), ID Quantique (Switzerland), Crypta Labs (UK), InfiniQuant (Germany), QuintessenceLabs (US), Quantum Dice (England), Quantum Base (UK), and axion technologies (US).

Recent Developments:

• In July 2022, Geneva-based ID Quantique, a global leader in Quantum Cybersecurity Solutions, and Paris-based CryptoNext Security SAS (CryptoNext), a pioneer and leader in Post-Quantum Cryptography (PQC), partnered to offer an effective and long-term Quantum-Safe Communication Solution for mobile phone users. The partnership would bring to market the next generation of quantum-secured communications solutions that leverage a combination of the world-leading QRNG and PQC technologies, the aim is to provide essential support to end-users plus systems integrators and specialized solutions vendors.
• In April 2021, Telefónica Tech collaborated with Barcelona-based Quside, an industry-leading manufacturer of high-performance quantum random number generators, and New York-based Qrypt, a producer of cryptographic quantum security solutions enabled by its Quantum Entropy-as-a-Service (EaaS) solution, to successfully complete the integration of a new quantum technology into its cloud service hosted in its Virtual Data Centers (VDC). This collaboration allows Telefónica Tech to enhance its cloud services by providing its customers with easy-to-use, high quality, and high-performance quantum random numbers so they can integrate them into their business processes.
• In March 2020, QNu Labs launched two security products in India to address the increasing issues around data security and privacy. This product is named as the Quantum Random Number Generator (QRNG) called Tropos and Quantum Key Distribution System (QKD) called Armos. The company has also developed a unique technology that enables a pair of quantum-safe cryptographic keys between two remote parties.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst