True Random Number Generator (TRNG) Market Projected to Attain $14,178.56 Million by 2034 with a 15.2% CAGR

True Random Number Generator (TRNG) Market

The global true random number generator (TRNG) market was valued at USD 3,456.32 million in 2024. It is anticipated to generate an estimated revenue of USD 14,178.56 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 15.2% over the forecasted timeframe, 2025-2034.

Market Scope

A true random number generator (TRNG) uses an inherently unpredictable physical source to produce genuine randomness. Most TRNGs rely on measuring unpredictable natural processes through mechanisms such as ionizing radiation pulse detectors, gas discharge tubes, or leaky capacitors. These processes are used to generate verifiable random numbers via dedicated hardware. Because TRNGs depend on physical sources that are inherently difficult to predict, the random values they produce are extremely hard to forecast. This sets them apart from pseudo-random number generators, which use deterministic algorithms.

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Market Drivers

• Growing Usage of IoT Technologies: The Internet of Things (IoT) technologies encompass an infrastructure of connected devices that interact over the internet, involving smart home gadgets, wearables, and industrial machines. Growing usage of IoT devices poses some prominent security provocations, particularly since several devices gather and communicate susceptible data. This, in turn, drives the true random number generator (TRNG) market demand.

• Rising Adoption of Cloud Computing: Cloud computing is speedily becoming the favoured procedure for businesses to store and process data remotely. As per the European Commission, in 2023, 42.5% of undertakings within the EU were involved in the procurement of cloud computing services.

True Random Number Generator (TRNG) Market Report Highlights

• Based on application, the security and cryptography segment dominated the TRNG market share in 2024 due to the rising incidents of cyberattacks and security breaches worldwide.
• The quantum-based TRNG segment, based on type, is expected to witness significant growth during the forecast period due to its high level of randomness.
• In 2024, North America dominated the market due to the presence of advanced technology infrastructure and a strong focus on cybersecurity.
• The Asia Pacific market is expected to record the highest CAGR during the forecast period, driven by the expanding IT and telecommunications sectors, increasing digitalization, and rising awareness of cybersecurity.

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Competitive Landscape

The market is excessively competitive with the existence of entrenched global players as well as local players and start ups. Major companies are noted below:

• Crypta Labs Limited
• EYL Inc.
• IBM
• ID Quantique
• Infineon Technologies AG
• Microchip Technology Inc.
• NXP Semiconductors
• Quantumctek Co., LTD
• Synopsys, Inc.
• Xiphera Ltd

Geographical Overview

The true random number generator market report offers detailed insights into the market landscape, which is further categorized into sub-regions and specific countries.
North America accounted for the largest share in 2024 due to the existence of a progressive technology framework and a robust concentration on cybersecurity.
Asia Pacific is anticipated to have the highest CAGR during the forecast period due to the augmenting IT and telecommunication sectors and growing digitalization.

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True Random Number Generator Market Segmentation

By Type Outlook
• Noise-Based TRNG
• Chaos-Based TRNG
• Free Running Oscillator-Based TRNG
• Quantum-Based TRNG

By Application Outlook
• Security & Cryptography
• Simulation and Modelling
• Data Processing
• Networking
• Other

By Vertical Outlook
• IT & Telecom
• Consumer Electronics
• BFSI
• Government and Defense
• Automotive
• Others

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