A QUANTUM LEAP IN THE BILLION-EURO MARKET

A QUANTUM LEAP IN THE BILLION-EURO MARKET
 

Montreal, Quebec, Canada -- August 18, 2021 -- InvestorsHub NewsWire -- via STEFAN FEULNER -- Cybersecurity and protection against online threats are gaining increasing importance in today's digitally changing landscape. Accelerated by COVID-19, the need for better cybersecurity is further exacerbated by increased cybercrime cases as seen across all industries. According to Statista, the global cybersecurity market will increase from USD 167.1 billion in 2019 to USD 248.26 billion in 2023 at a growth rate of 10.4% per year.

 

In addition, new technologies such as autonomous driving, the Internet of Things, and the new 5G networks require secure connections and encryption techniques. The current method, which generates hard-to-crack numbers using random generators, is reaching its security limits with the advent of quantum computers with infinite computing power. Based on quantum random number generation (QRNG), publicly traded Quantum eMotion ( TSXV: QNC ) is developing the next generation of cryptographic solutions in collaboration with the University of Sherbrooke and the École des Technologies Supérieures in Canada. Quantum eMotion's target markets are 5G and IoT applications.

 

In this context, the patent-protected technology based on quantum electron tunneling stands out for its high performance and versatility of applications and its small footprint and very low energy consumption. Currently, development is underway on a portable QRNG USB-type that provides easy-to-use but robust hardware protection for any number of IT systems and online services and delivers a portable hardware security module. The second product is a CMOS chip integrated into QRNG that, despite its minimal size, can provide the reliability, speed and scalability needed to serve the growing market of IoT devices.

 

Despite the technical advantages in developing the smallest, most reliable and robust hardware components that exploit the built-in unpredictability of quantum mechanics, Quantum eMotion, with a market capitalization of EUR 19.14 million, lags significantly behind peer companies. Due to this, a sale to a larger player does not seem out of the question in the future.

 

Source: https://news.financial/comments/deutsche-telekom-quantum-emotion-bechtle-the-next-big-thing#toc-a-quantum-leap-in-the-billion-euro-market