IDC Reports Surge in Cybersecurity Spending for Quantum Risk Assessments by 2027
IDC forecasts that by 2027, 40% of G2000 companies will engage cybersecurity firms for quantum risk assessments amid NIST deprecation of RSA and ECC encryption. Currently, 97% of enterprises plan to invest in post-quantum cryptography. Companies like QSE Corp. and Arqit Quantum are entering agreements to enhance security measures. IonQ has acquired Skyloom Global to bolster its quantum networking capabilities. Quantum Computing completed a $110 million acquisition of Luminar Semiconductor, while D-Wave Quantum joined the Southeastern Quantum Collaborative to focus on workforce development.
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IDC estimates that by 2027, 40% of G2000 organizations will hire cybersecurity firms for quantum risk assessments due to NIST's deprecation deadlines for RSA and ECC encryption. Currently, 97% of enterprises intend to allocate budgets for post-quantum cryptography.
QSE Corp. has renewed an agreement with The Muthoot Group in India and established a deal in Brazil. Arqit Quantum partnered with 6WIND for quantum-safe encrypted VPN services. IonQ's acquisition of Skyloom Global enhances its quantum networking capabilities.
Quantum Computing's $110 million acquisition of Luminar Semiconductor supports its photonics platform. D-Wave Quantum joined the Southeastern Quantum Collaborative for workforce development.
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