Quantum Random Number Generator Market worth $XX.X billion by 2027
According to a research report "Quantum Random Number Generator Market by Deployment Model (Cloud and On-premises), Application (BFSI, Telecommunications, Data centers, Automotive, Gaming & Lotteries, Research Institutions) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global 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 sources are expected to drive the adoption of quantum random number generator market.
Quantum random number generators with blockchain technologies to safeguard quantum cryptography
As organizations look to leverage the Web3 ecosystem, either by transferring operations onto the blockchain or innovating new offerings, it remains utmost that secure, tamper-proof random number generation is possible. QRNG utilizes random numbers generated by measuring a fluctuating quantum system to guarantee unpredictable randomness.High-precision electronics and quantum physics application
A QRNG can produce changeable outcomes in a robust and well-controlled way. It includes the power of complex deep-tech technologies such as semiconductors, optoelectronics, high-precision electronics, and quantum physics that work together to create the highest level of randomness possible.
Gaming and Lotteries segment to hold the highest CAGR during the forecast period
The quantum random number generator (QRNG) market has been categorized by application, including BFSI, Telecommunications, Datacenters, Automotive, Gaming and Lotteries, Research Institutions, and Others (Defense, Mobile, and Satellite Communications). The quantum random number generator across gaming and lotteries applications is expected to gain traction in the coming years. Online Gaming and lotteries need to provide outstanding randomness quality to secure their customers’ transactions.
North America to have the largest market size during the forecast period
North America to witness the largest market size during the forecast period owing to the presence of major vendors coupled with the strong secure system. The major economies in the region such as the US and Canada, focus on implementing the quantum random number generator in order to secure data in the cloud and offer users high-quality entropy for use in highly secure crypto operations and solutions requiring proven and certified randomness.
Major vendors in the global Quantum random number generator market include IBM (US), Algorithmia (US), Quickpath (US), Cloudera (US), TIBCO Software (US), Databricks (US), Akira AI (US), Modzy (US), Google (US), and ModelOp (US).
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