PUBLISHER: The Business Research Company | PRODUCT CODE: 1760237
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760237
A quantum random number generator (QRNG) utilizes the principles of quantum mechanics to produce truly unpredictable numbers, which are essential for generating secure cryptographic keys. This ensures robust data security by providing genuinely random numbers for encryption and secure communications.
The main types of QRNGs are the peripheral component interconnect express (PCIe) type and the universal serial bus (USB) type. A PCIe-type QRNG is a hardware device that fits into a computer's PCIe slot and employs quantum processes to generate high-speed, truly random numbers for secure cryptographic applications. It can be deployed both on-premises and in the cloud, with applications in sectors such as banking, financial services and insurance, telecommunications, data centers, gaming and lotteries, research institutions, and more.
The quantum random number generator (QRNG) market research report is one of a series of new reports from The Business Research Company that provides quantum random number generator (QRNG) market statistics, including quantum random number generator (QRNG) industry global market size, regional shares, competitors with a quantum random number generator (QRNG) market share, detailed quantum random number generator (QRNG) market segments, market trends and opportunities, and any further data you may need to thrive in the quantum random number generator (QRNG) industry. This quantum random number generator (QRNG) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The quantum random number generator (QRNG) market size has grown exponentially in recent years. It will grow from $0.24 billion in 2024 to $0.39 billion in 2025 at a compound annual growth rate (CAGR) of 60.1%. The growth during the historic period can be attributed to the rising demand for secure encryption in defense and financial services, increasing concerns over data privacy, greater adoption by government and research institutions, expanding investments in quantum computing startups, and a growing need for security solutions.
The quantum random number generator (QRNG) market size is expected to see exponential growth in the next few years. It will grow to $2.55 billion in 2029 at a compound annual growth rate (CAGR) of 59.8%. The growth during the forecast period can be attributed to the increasing use of cloud-based services requiring robust random number generation, the rising demand for true randomness in AI training and simulation applications, the ongoing digital transformation across various sectors, increasing regulatory pressure to adopt stronger cryptographic standards, and the growing threat of cyberattacks. Key trends in this period include advancements in photonic-based QRNG technology, the integration of QRNGs into hardware security modules, collaborations between quantum startups and semiconductor companies, and the rise of hybrid random number generation systems.
The increasing frequency of cyberattacks is expected to drive the growth of the quantum random number generator (QRNG) market in the future. Cyberattacks are intentional efforts by individuals or groups to breach the information systems of individuals, organizations, or governments. The rise in cyberattacks is largely due to the growing dependence on digital systems, which creates more vulnerable targets for hackers. QRNGs help protect against these threats by generating truly unpredictable encryption keys, making it much more difficult for hackers to crack secure systems. For example, in December 2023, the Internet Crime Complaint Center (IC3), a US-based organization that tracks cybercrime reports, revealed that the American public reported a record 880,418 cybercrime incidents in 2023, with estimated financial losses exceeding $12.5 billion-a 22% increase in reported losses and a roughly 10% rise in complaints compared to 2022. As cyberattacks continue to grow, the demand for QRNGs is expected to rise.
Major companies in the quantum random number generator (QRNG) market are focusing on technological innovations, such as post-processed random number generators, to improve the quality of randomness, ensure cryptographic security, and enhance compatibility with existing digital systems. Post-processed QRNGs use algorithms to refine raw quantum data, eliminating bias and enhancing randomness, which results in high-quality output for secure applications. For example, in October 2023, Quantum Dice Ltd., a UK-based quantum technology company, introduced the next generation of its APEX quantum random number generator (QRNG). This new version offers superior entropy for robust encryption in business applications, along with exceptional performance and security. It ensures reliable cybersecurity through its patented DISC protocol, making it well-suited for data centers and telecommunications hubs.
In January 2025, Elmos Semiconductor SE, a Germany-based semiconductor manufacturer, partnered with ID Quantique (IDQ) to develop the world's smallest modular quantum random number generator (QRNG). This collaboration combines IDQ's expertise in quantum technology with Elmos' experience in semiconductor development, aiming to enhance cybersecurity solutions for the quantum era. ID Quantique is a Switzerland-based company, specializing in quantum random number generators (QRNGs).
Major players in the quantum random number generator (QRNG) market are Thales Group, SK Telecom Co. Ltd., Palo Alto Networks Inc., Toshiba Digital Solutions Corporation, Quantinuum Ltd., ID Quantique SA, Terra Quantum AG, MicroCloud Hologram Inc, QuintessenceLabs Pty Ltd, Quside Technologies S.L., Qrypt Inc., QNu Labs Pvt Ltd, KETS Quantum Security Ltd, Quantropi Inc., Quantum Dice Ltd, Qutools GmbH, Crypta Labs Ltd, Quantum Computing Inc., Quantum eMotion Corp., and QuantumCTek Co.Ltd.
North America was the largest region in the quantum random number generator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in quantum random number generator (QRNG) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the quantum random number generator (QRNG) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The quantum random number generator (QRNG) market consists of revenues earned by entities by providing services such as cryptographic key generation, secure communications, and quantum random number generator-as-a-service. The market value includes the value of related goods sold by the service provider or included within the service offering. The quantum random number generator (QRNG) market also includes sales of photon sources, beam splitters, and photodetectors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Quantum Random Number Generator (QRNG) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on quantum random number generator (qrng) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for quantum random number generator (qrng) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quantum random number generator (qrng) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.