GLOBAL QUANTUM-PROOF ENCRYPTION MARKET

INTRODUCTION

The term "quantum-proof encryption" describes cryptographic methods that can withstand assaults from quantum computers. By employing Shor's algorithm to quickly factor large numbers and resolve the discrete logarithm issue, quantum computers have the potential to crack many of the current encryption protocols that are employed to secure data, including RSA and elliptic curve cryptography.

Lattice-based cryptography, code-based cryptography, and hash-based cryptography are a few methods for quantum-proof encryption. These methods are a promising option for data security in the era of quantum computing because they are built on mathematical problems that are thought to be challenging even for quantum computers.

 As quantum computing technology develops, it is crucial to create and implement quantum-proof encryption to safeguard confidential data and establish secure communication channels.

GLOBAL QUANTUM-PROOF ENCRYPTION MARKET SIZE AND FORECAST

Global Quantum-proof encryption market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

The first four post-quantum encryption quantum-resistant algorithms have been released by the National Institute of Standards and Technology (NIST). Future quantum computer assaults that could jeopardise the security of current encryption techniques are addressed by these algorithms.

The four chosen algorithms are built on hash functions and structured lattices.They are Sphincs+, Facon, Crystals-Kyber, and Crystals-Dilithium. These algorithms depend on mathematical issues that quantum computers struggle to resolve.

The post-quantum encryption standard from the NIST is anticipated to be completed in about  years.. In the interim, organisations can get ready for the new cryptographic standard by auditing their systems for applications that use public-key cryptography, testing the new standard in a lab setting, decommissioning outdated technology that will no longer be supported after the new standard is published, and making sure that the products that incorporate the new standard are validated and tested.

Thales offers hardware security modules and network encryption that can fend off quantum attacks in the future and safeguard client data.

Future quantum-resistant algorithms known as CNSA 2.0 have also been published by the NSA and have been shown to be secure against both classical and quantum computers.. National Security Systems will ultimately need to use these algorithms.

The first quantum resistant network encryption solution in the world has been launched by Thales and Senetas. It can defend client data (moving at speeds of up to 100 Gbps) from potential quantum attacks.

Quantum computing is one of the biggest threats to cybersecurity and is expected to make many of the current security measures, including encryption, obsolete.

For the protection of data in a quantum world, minimum security requirement standards are being created due to predictions that a working quantum computer outside of a lab environment will be a reality within the next five to ten years. The finalist quantum secure encryption algorithms are being chosen by the National Institute of Standards and Technology (NIST) of the United States.

In anticipation of this, Thales and Senetas' partnership supports the existing finalists, including Thales' Falcon algorithm, making it simple to switch to the winning formula that NIST is anticipated to select.

Furthermore, the system complies with the most recent ETSI requirements for the generation, storage, and distribution of quantum keys, a crucial and recently developed security capability that finds use in 5G networks.

Long-term data protection in a quantum environment is also provided by the solution, which enables clients to combine both conventional and quantum resistant encryption in a single network security platform.

When using supercomputing capacity to decrypt data in the future, hackers who currently harvest encrypted data will fail. The implementation of the new standards will safeguard any sensitive data and keep it worthless without the right key.

Organisations all around the world should create a quantum security policy when quantum computing becomes a reality and start planning to use quantum resistant encryption as soon as possible. This is the first high-speed network encryption platform to be released to the market that combines current encryption technology with quantum resistant encryption. 

With the knowledge that their data is long-term safeguarded, clients in government, defence, and business can migrate to a future world that is quantum safe in a secure way.

Businesses must realise that none of the encryption protocols in use today are appropriate for a world dominated by quantum technologies.

Due to compliance and privacy obligations, huge and multinational enterprises are most at danger. Hackers are aware that quantum is coming and are actively striving to steal data now so they can access it in the future. The moment to assess a company's security quantum strategy is now; businesses cannot afford to wai

COMPANY PROFILE

• PQShield
• ID Quantique
• Crypta Labs
• QuintessenceLabs
• Post-Quantum

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Quantum-proof encryption are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Quantum-proof encryption and key vendor selection criteria
3. Where is the Quantum-proof encryption manufactured? What is the average margin per unit?
4. Market share of Global Quantum-proof encryption market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Quantum-proof encryption in-house
6. key predictions for next 5 years in Global Quantum-proof encryption market
7. Average B-2-B Quantum-proof encryption market price in all segments
8. Latest trends in Quantum-proof encryption market, by every market segment
9. The market size (both volume and value) of the Quantum-proof encryption market in 2023-2030 and every year in between?
10. Production breakup of Quantum-proof encryption market, by suppliers and their OEM relationship