Quantum Random Number Generators: Market and Technology Assessment 2023-2032

QRNG is the first true source of random numbers, as all other methods currently in place rely on classical (deterministic) physics. During 2021 and 2022, the QRNG market has been undergoing significant shifts, both in terms of product design and in terms of market value. The QRNG market has its roots in the casino and military market but promises new uses in mobile communications, the Internet-of-things (IoT) and the automotive industry.

These new mass markets promise to take QRNG sales to 1.2 billion markets in 2028, going on to reach $4.4 billion in a decade. In addition to sales of QRNG hardware and chips several providers are offering “entropy services” based on QRNGs. In addition to granular ten-year market forecasts, in this report, we identify and quantify the commercial potential for QRNGs.

More specifically we provide a technological assessment of the various QRNG technologies. Elsewhere in the report, we analyze the markets in which QRNGs are expected to sell and examine the degree to which there is a real demand for QRNGs in these markets. Another major focus of this report is a market-oriented discussion of how QRNGs and PQC fit together into a future “quantum safe” strategy for organizations large and small.

This report is based on extensive interviews of executives at firms designing and marketing QRNGs and it also draws on recent influential technical papers. Finally, this report also provides strategic profiles of all the main players manufacturing QRNGs or offering entropy services. We also include profiles of the leading standards organizations active in the QRNG space.