(SecurityMagazine) Quantum technology has begun and will continue to result in the introduction of new products and services into the global marketplace – all of which have security implications.
Overall financial market estimates of the four main quantum technologies (computing, networking, security and sensors) are all in the billion dollar range. They are all projected to grow at a double-digit compound annual growth rate. As with most emerging technologies, there are few, if any, widely accepted standards, and that is the case when discussing quantum technology.
Quantum technology is an umbrella term with multiple sub-categories used to describe a field of science, physics and engineering. As this field continues to evolve, it has begun and will continue to result in the introduction of new products and services into the global marketplace, all of which will have security implications.
The majority of current projections of quantum technology growth through 2025 has a double-digit compound annual growth rate (CAGR). There are quantum technology implications that have already begun to impact security. Physical security impact by quantum sensors and digital security impact by quantum computing, encryption and networking must be evaluated by security professionals.
The author of this article, Kevin Coleman, calculated quantum computing will likely reach enough power to break AES-128 by 2026 and break AES-256 by 2027. These two calculations are examples that clearly explains why a growing number of security professionals are increasingly concerned about the implications of the evolution of quantum computing.