True Random Number Generator (TRNG) Market Size, Share, Trends, Industry Analysis Report: By Type (Noise-Based TRNG, Chaos-Based TRNG, Free Running Oscillator-Based TRNG, and Quantum-Based TRNG), Application, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:May-2025
- Pages: 125
- Format: PDF
- Report ID: PM5600
- Base Year: 2024
- Historical Data: 2020-2023
True Random Number Generator (TRNG) Market Overview
The true random number generator market size was valued at USD 3,456.32 million in 2024. The market is projected to grow from USD 3,969.03 million in 2025 to USD 14,178.56 million by 2034, exhibiting a CAGR of 15.2% during 2025–2034.
A true random number generator (TRNG) generates random numbers based on physical processes, such as electronic noise or radioactive decay, which are inherently unpredictable. Unlike pseudorandom number generators, TRNGs rely on these real-world phenomena to produce numbers that cannot be replicated or predicted.
Cyberattacks and data breaches are becoming more frequent, creating the need for better security in digital systems critical. According to the Identity Theft Data Resource, in 2023, incidents of data compromises increased by 78% compared to 2022, showcasing an increase in cases of cyberattacks and data breaches. Encryption techniques, which are essential for safeguarding information, rely on random numbers to generate cryptographic keys. The traditional pseudorandom number generators can be vulnerable and predictable, posing a security risk. True random number generators (TRNGs) offer a more reliable solution since they depend on physical processes, such as electronic noise, which are inherently unpredictable. This ability to produce truly random numbers makes TRNGs crucial for protecting sensitive data, which is driving their growing demand in secure systems and applications, thereby propelling the market growth.
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Cryptography serves as the backbone of secure digital communication, and blockchain technology, which powers cryptocurrencies such as Bitcoin, heavily depends on cryptographic functions. TRNGs are used to generate cryptographic keys and secure transactions within these systems, ensuring that data stays protected from fraud or hacking. The growth of blockchain technology, which is expanding into industries beyond finance, such as supply chain management and healthcare, has increased the demand for TRNGs for a higher level of security compared to traditional methods, thereby driving the market expansion.
True Random Number Generator Market Dynamics
Rising Number of IoT Devices
The Internet of Things (IoT) technologies refers to a network of interconnected devices that communicate over the Internet, including smart home gadgets, wearables, and industrial machines. The increasing use of IoT devices presents a major security challenge, especially since many devices collect and transmit sensitive data. According to IoT Analytics, by the end of 2023, there were 16.6 billion IoT devices globally. TRNGs play a crucial role in providing secure encryption keys for these devices, ensuring that communication remains protected from cyber threats. The rising number of IoT devices leads to a growing demand for secure random number generation through TRNGs, thereby fueling the demand for true random number generators.
Increasing Adoption of Cloud Computing
Cloud computing is rapidly becoming the preferred method for businesses to store and process data remotely. According to the European Commission, in 2023, 42.5% of enterprises within the EU engaged in the procurement of cloud computing services. Companies moving their operations to the cloud rely on secure data encryption to protect information while it is stored or transmitted. Due to this, the demand for TRNGs that secure cloud-based services and safeguard sensitive data in virtual environments is rising, thereby creating lucrative market growth opportunities.
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True Random Number Generator Market Segment Analysis
TRNG Market Assessment by Type Outlook
The market segmentation, based on type, includes noise-based TRNG, chaos-based TRNG, free running oscillator-based TRNG, and quantum-based TRNG. The quantum-based TRNG segment is expected to witness significant growth during the forecast period. Quantum-based TRNGs use the principles of quantum mechanics, such as the behavior of photons, to generate truly random numbers. This method offers higher levels of randomness and security compared to traditional TRNGs. Quantum-based TRNGs are gaining traction due to their superior reliability and unpredictability as industries increasingly demand more secure encryption methods, particularly in areas such as cryptography and blockchain, thereby driving the segmental growth.
TRNG Market Evaluation by Application Outlook
The market segmentation, based on application, includes security & cryptography, simulation and modelling, data processing, networking, and other. The security & cryptography segment dominated the TRNG market revenue share in 2024 due to the growing need for strong encryption methods to protect sensitive data in various industries such as finance, healthcare, defense, and IT. TRNGs provide highly secure and unpredictable random numbers, making them ideal for generating encryption keys and securing digital communications. Organizations are placing more focus on advanced cryptographic solutions as cyber threats continue to rise, leading to increased use of TRNGs in this segment.
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True Random Number Generator Market Outlook by Region
By region, the study provides the TRNG market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2024, North America dominated the TRNG market share due to the presence of advanced technology infrastructure and a strong focus on cybersecurity. The United States, in particular, is home to major tech companies and defense organizations that heavily rely on secure encryption methods for data protection. High investments in research and development, growing adoption of blockchain and cloud computing, and increasing cyberattack have boosted the demand for TRNGs in the region. Additionally, strict regulations around data privacy and security are encouraging businesses to adopt more secure solutions such as TRNGs, thereby fueling the TRNG market opportunity in North America.
The Asia Pacific TRNG 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. Countries such as China, Japan, and South Korea are making significant advancements in quantum computing and cryptographic technologies, creating a strong demand for TRNGs. The region’s growing use of smart devices, IoT applications, and cloud-based services further fuels the demand for TRNGs. Government initiatives promoting digital transformation and data protection are also boosting TRNG adoption in the region.
The market in India is experiencing substantial growth fueled by the country’s rapid digital transformation and increasing focus on data security. The government’s push for digital initiatives such as Digital India and the rising adoption of online services in sectors such as banking, healthcare, and e-governance created a strong need for secure data encryption. Organizations in India are actively exploring advanced security technologies, including TRNGs, to enhance protection as cyberattacks become more common. Growing IT industry, increasing investments in cybersecurity infrastructure, and awareness of global security standards are further contributing to the TRNG market expansion in India.
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True Random Number Generator Market – Key Players & Competitive Analysis Report
The TRNG market ecosystem is constantly evolving, with numerous companies striving to innovate and distinguish themselves. Leading global corporations dominate the TRNG market by leveraging extensive research and development and advanced techniques. These companies pursue strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand into new markets.
New companies are impacting the industry by introducing innovative products to meet the demand of specific sectors. This competitive trend is amplified by continuous progress in product offerings. A few major players in the market are Crypta Labs Limited; EYL Inc.; IBM; ID Quantique; Infineon Technologies AG; Microchip Technology Inc.; NXP Semiconductors; Quantumctek Co., LTD; Synopsys, Inc.; and Xiphera Ltd.
Xiphera Ltd specializes in developing hardware-based cryptographic security solutions. Founded in 2017, it is headquartered in Espoo, Finland. The company focuses on designing and implementing cryptographic Intellectual Property (IP) cores for Field Programmable Gate Arrays (FPGAs) and Application Specific Integrated Circuits (ASICs). Xiphera's product offerings include cryptographic IP cores designed for embedded systems, which are notable for their pure logic design. This design approach eliminates hidden software or CPU components, thereby improving security and performance. The company's solutions cover industry-standard algorithms validated by NIST's CAVP, as well as Post-Quantum Cryptography (PQC) to address potential quantum computing threats. Xiphera's solutions are used across various industries, including communications, space technology, industrial automation, IoT, and critical infrastructures such as defense and energy. Applications range from secure data center connectivity to satellite communication systems. The company operates globally, with a presence in Europe, North America, Asia Pacific, and the Middle East. Key regions include Northern, Western, Central, and Southern EU countries; North America; and Asia Pacific countries such as Japan, Korea, Taiwan, Australia, and New Zealand. Additionally, Xiphera has partnered with Muspark Technologies to expand into the Indian market, focusing on the space technology sector. Xiphera provides industry-standard True Random Number Generators (TRNG) and Pseudorandom Number Generators (PRNG) for cryptographic applications. TRNGs rely on unpredictable physical phenomena, whereas PRNGs use deterministic algorithms for high-speed random data generation, compliant with NIST standards.
International Business Machines Corporation (IBM) is an American multinational technology company operating in over 75 countries. It is the largest technology firm in the world and the second most valuable worldwide brand. The company mainly sells software, Infrastructure services, hardware, and IT services. The organization has an extensive network of 80,000 business associates who help it handle 5,200 clients, including 95% of the Fortune 500. Although IBM is a B2B firm, it has a significant external influence. The company provides healthcare and healthcare payer solutions through the IBM Watson Health business. However, as of 2022, the IBM Watson Healthcare business was purchased by Merative. IBM Watson started in 2010, is a supercomputer that uses Digital Workplace (AI) and advanced analytical tools to operate optimally as a "question-answering" machine. For businesses and organizations, IBM Watson uses Digital Workplace to optimize employees' time, automate complex processes, and predict future outcomes. IBM offers a TRNG device driver for high-quality random data for cryptographic key generation and secure operations, leveraging the IBM Z hardware CPACF for sensitive tasks.
List of Key Companies in True Random Number Generator Market
- Crypta Labs Limited
- EYL Inc.
- IBM
- ID Quantique
- Infineon Technologies AG
- Microchip Technology Inc.
- NXP Semiconductors
- Quantumctek Co., LTD
- Synopsys, Inc.
- Xiphera Ltd
True Random Number Generator Industry Developments
In February 2025, Synopsys announced the launch of True Random Number Generators (TRNGs), offering a silicon-proven solution for secure applications in IoT, automotive, and military communications, with NIST SP 800-90c compliance and FIPS 140-3 certification.
In October 2024, CEA-Leti announced open-source project for physical True Random Number Generators (TRNG) using ring-oscillator-based architectures, with a toolkit provided for industry and academic researchers to develop and characterize hardware TRNGs.
True Random Number Generator Market Segmentation
By Type Outlook (Revenue USD Million, 2020–2034)
- Noise-Based TRNG
- Chaos-Based TRNG
- Free Running Oscillator-Based TRNG
- Quantum-Based TRNG
By Application Outlook (Revenue USD Million, 2020–2034)
- Security & Cryptography
- Simulation and Modelling
- Data Processing
- Networking
- Other
By Vertical Outlook (Revenue USD Million, 2020–2034)
- IT & Telecom
- Consumer Electronics
- BFSI
- Government and Defense
- Automotive
- Others
By Regional Outlook (Revenue USD Million, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
True Random Number Generator Market Report Scope
|
Report Attributes |
Details |
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Market Size Value in 2024 |
USD 3,456.32 million |
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Market Size Value in 2025 |
USD 3,969.03 million |
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Revenue Forecast by 2034 |
USD 14,178.56 million |
|
CAGR |
15.2% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
|
|
Report Format |
|
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The market size was valued at USD 3,456.32 million in 2024 and is projected to grow to USD 14,178.56 million by 2034.
The global market is projected to register a CAGR of 15.2% during the forecast period.
North America held the largest share of the global market in 2024.
A few key players in the market are Crypta Labs Limited; EYL Inc.; IBM; ID Quantique; Infineon Technologies AG; Microchip Technology Inc.; NXP Semiconductors; Quantumctek Co., LTD; Synopsys, Inc.; and Xiphera Ltd.
The security and cryptography segment dominated the market in 2024.
The quantum-based TRNG segment is expected to witness significant growth during the forecast period due to its high level of randomness.
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