Current communication protocols heavily rely on public key encryption, digital signatures and key exchange, but the ability of quantum computers to efficiently solve mathematical problems threaten these protocols, which, essentially, are running the world’s economy.
The 2023 Quantum Security Report from The Quantum Insider offers readers a deep understanding of the quantum security market size and key players in the growing quantum security ecosystem that seeks solutions to security and privacy in what experts refer to as the post-quantum cryptography era.
The report shows that Post-Quantum Cryptography — or PQC — is gaining momentum as a way to create algorithms secure against decryption by quantum computers, leading to a rapidly growing funding environment and an expanding PQC market.
“Organizations — from government agencies to businesses to startups — are working to prepare us for the coming post-quantum security era,” said Alex Challans, CEO of The Quantum Insider. “Timing is crucial for people concerned about PQC to get up to speed about the technology, the players and the range of outcomes of what is shaping up to be a historic global effort to ensure security and maintain privacy.”
Some of the technologies and PQC approaches covered in the report:
- Quantum Random Number Generators (QRNGs)
- Post-Quantum Cryptography (PQC)
- Quantum Key Distribution (QKD)
- Quantum Communications & Quantum Internet
Mapping the Ecosystem
Quantum security is built with extremely complex technologies — and the ecosystem is just as complicated and complex. The report breaks this down with market segmentation and a comprehensive ecosystem map. The breakdown includes 120+ key companies by classification and geography and features “xtrip” profiles of these key players. There is also a breakdown and overview of major academic and national initiatives in the US and internationally.
Recent Efforts
The report also reviews the recent history of PQC actions including the National Institute of Standards and Technology’s (NIST) efforts to address quantum security concerns by searching for a quantum-resistant algorithm to replace the RSA public key standard. It also reviews the rise of harvesting attacks. In these attacks, encrypted data is stored until a quantum computer can decrypt it, further emphasizes the urgency of quantum-resistant encryption.
The data in the report is sourced from sector experts, The Quantum Insider’s market intelligence platform, utilizing public announcements and information from companies in the quantum security field.
If you found this article to be informative, you can explore more current quantum news here, exclusives, interviews, and podcasts.
