IQT Research, a quantum technology industry-analysis firm based here, has published its latest forecast for the QRNG market. The report, “Quantum Random Number Generator Markets 2024: A Technology Appraisal and Ten-Year Market Study” shows QRNG revenues growing from $125.6 million in 2024 to $1.4 billion in 2029 then rising to $3.3 Billion by 2032.
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About the Report:
What makes the QRNG sector especially attractive is that (1) there are real and growing markets for QRNGs today and (2) relative to quantum computing — the QRNG has low barriers to entry. This report is the latest in IQT Research’s analyses of the quantum random number generator (QRNG) market. Today, QRNGs represent one of the most active sectors of the quantum technology industry, although it is challenged by declining prices.
IQT Research has followed the QRNG market closely for several years, has conducted custom research in this market and knows the players from an insider perspective. This report contains our latest thinking on the future of QRNGs, providing coverage of recent technological innovations and market evolution.
This report profiles strategies of more than 30 QRNG suppliers and market influencers. The organization profiled include AP13, the Australian National University, Crypta Labs, EYL, ID Quantique, InfiniQuant, KETS, LightRider, Qrypt, Quandela, Quantinuum, QuantumCTek, Quantum Computing, Inc., Quantum Dice, Quantum eMotion, Quintessance Labs, Quside, S-Fifteen Instruments, SK Telecom, Terra Quantum, ThinkQuantum, and Toshiba Europe, among many others.
This report includes ten-year forecasts with breakouts end-user industry/application including QKD, casinos, gaming, Internet of Things (IoT), mobile phones, automotive industry, financial services and banking, aerospace, military and intelligence services, hyperscale and enterprise data centers, and entropy services. Forecasts are supplied to report purchasers in an Excel sheet, so that they can use them to construct complex “what if” scenarios.
Although this report is partly derived from earlier QRNG reports produced by IQT Research, this report is based on entirely new research (including new interviews of leading players) and includes extended coverage.
From the Report:
- Our pricing analysis and ten-year forecasts have taken into consideration the miniaturization of QRNGs and their embodiment as chips. This has resulted in a revised and more realistic appraisal of the likely size and growth of QRNG markets. We also discuss how QRNG makers, faced with a price decline can find value-added markets in the larger form factor such as HSMs and appliances, and extension cards.
- Another possible source of new business revenues in the QRNG space is quantum cybersecurity. In this context we discuss the role of QRNGs and their use in with QKD and PQC to provide a total quantum safe package for large businesses. More futuristic applications that are discussed in this report include the use of QRNGs to inject new levels of uncertainty into electronic games, and the role of QRNGs in blockchain.
- In addition, the report includes a deep analysis of mobile QRNGs including (a) the use of QRNGs in the Internet-of-Things, where QRNGs seem to be needed to counter the current lack of security exhibited by IoT devices and (b) the future of QRNGs in mobile phones, which has not taken off as fast as expected.
About IQT Research:
IQT Research is a division of 3DR Holdings, and the first industry analyst firm dedicated to meeting the strategic information and analysis needs of the emerging quantum technology sector. In addition to publishing reports on critical business opportunities in the quantum technology sector, Inside Quantum Technology produces a daily news website on business-related happenings in the quantum technology field.
3DR HOLDINGS also organizes international events. Complete information can be found at www.iqtevent.com.
For inquiries, please contact:
Missy Wade
missy@insidequantumtechnology.com
Telephone: 888-384-7144