Why the True Random Number Generator Market is Just Getting Started
The race for supremacy in the global market for True Random Number Generators (TRNGs) is well and truly on. According to ResearchAndMarkets, the global TRNG market is expected to grow at a compound annual growth rate (CAGR) of 8.20% between now and 2030, reaching a market value of $7.57bn by the turn of the next decade.
TRNGs are devices or systems that generate random numbers or sequences with no definable pattern. That’s because the sequences are generated using physical processes that can’t be replicated.
They draw their randomness from some of the most impressive natural phenomena in the world, be it atmospheric data, electronic noise, or even radioactive decay. The ‘true’ randomness of these phenomena ensures results that can never be repeated or predicted. TRNGs have subsequently become the real deal when it comes to generating unpredictable outcomes or results.
Although TRNGs are growing in demand for genuine randomness, the world still relies heavily on pseudo random number generators (PRNGs) too. That’s because they are generally considerably cheaper and more practical than TRNGs for everyday use cases.
PRNGs lean on decentralised algorithms that generate results or sequences that appear sufficiently random for most purposes without being "truly" random. This makes them ideal for spawning items and in-game characters in video games and other simulations. PRNGs are also used to trigger bingo promotions at online casino sites. Here, players can claim offers like daily prize draws and wheel spins, which typically generate their random results using a PRNG, thereby picking winners in a comparatively fast and cost-effective manner. This can suit both players and operators alike, making it the go-to for the iGaming industry.
Why are TRNGs in increasingly high demand?
Elsewhere, there are some niches which nevertheless tend to gravitate towards TRNGs. If you delve a little deeper, you’ll soon see why TRNGs are in such demand. In an always-on, always-connected digital world, security and fairness are more important than ever. The need for true unpredictability is becoming critical in cybersecurity, in order to preserve the integrity of many networks, with more data being shared online than ever before. Many users today like to be assured that encryption keys are truly random, and hence even better shielded from external threats. The sheer hint of predictability or a pattern could be seen as a green light for cybercriminals who’ll be only too willing to exploit any vulnerabilities.
TRNGs are about delivering on trust and integrity in everything that we do. This extends to things like lotteries, voting systems, and even cryptographic applications. All of which demand ironclad protection that can only be guaranteed through true randomness. Though, we mustn't forget, security can still always be compromised in other ways if the developer and user aren't cautious.
Looking beyond the most tech-heavy use cases, TRNGs can also help the fields of simulations and machine learning to achieve more unbiased, realistic models. With the potential for ever-so-subtle biases to creep into algorithm-led PRNGs, a TRNG can iron these out and provide more accuracy and legitimacy for results or simulated outcomes.
Lastly, devices connected to the Internet of Things (IoT), as well as blockchain technology and smart contracts are also booming, demonstrating lasting potential. Security and trust are paramount for the long-term success of these niches too. TRNGs are therefore apt to become an expensive yet essential tool for 21st century security-conscious digital infrastructure.
As the potential power of modern technologies evolve, the value of real randomness will continue to soar, establishing TRNGs as more than a niche solution but a growing standard.
