According to new research from Frost & Sullivan, the rapid advancement of quantum computing is spurring a competitive landscape for innovation worldwide, particularly in the Middle East. While the United States and China currently dominate the field, the growing focus on quantum computing in the Middle East will be a key topic at Intersec 2024, scheduled for January 16-18 at the Dubai World Trade Centre.
Quantum computing is poised to revolutionize cybersecurity through enhanced secure communication and advanced encryption methods. However, this technology also presents challenges to existing encryption protocols, making it essential for organizations to prepare for potential new risks. “As we approach this quantum era, protecting data becomes a priority,” said Rajarshi Dhar, Principal Consultant for Security at Frost & Sullivan.
Although still in its infancy, quantum computing is expected to impact a variety of sectors, including scientific research, finance, and drug discovery, as it evolves. Dhar remarked, “Quantum computing represents a revolutionary leap in computational power, promising to transform industries and solve complex problems faster than classical computers.”
Frost & Sullivan’s analysis indicates significant growth in the quantum cryptography market over the next five years, with businesses expected to contribute over half of the revenue. “The imminent threat posed by quantum computers is making current security measures obsolete. Upgrading to future-proof cryptography is crucial,” Dhar explained.
While the U.S. leads in quantum development, China is close behind and poised to influence technological advancements in the near future. Meanwhile, the UAE is actively investing in quantum initiatives through its Quantum Research Centre, and recent developments, like cryptography estimators from the Technology Innovation Institute, highlight its commitment to enhancing quantum security.
Qatar and Saudi Arabia are also making strides, with Qatar’s government investing $10 million in the Qatar Centre for Quantum Computing, and Saudi Arabia establishing a Quantum Computing Council. These initiatives reflect a regional commitment to harnessing quantum technologies for economic and security advancements.
The implications of quantum computing will be thoroughly examined at the upcoming Cyber Security Conference during Intersec 2024, bringing together experts and thought leaders to navigate the future of cybersecurity. Notable speakers include His Excellency Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the UAE Government, and Craig Jones, Director of Cybercrime at Interpol, among others.
Grant Tuchten, Portfolio Director at Messe Frankfurt Middle East, emphasized the importance of the Cyber Security Conference, stating, “It allows the industry to deepen its understanding of risks and enhance cooperation among stakeholders.” Intersec 2024 will also feature the Hack Arena, where cybersecurity experts can demonstrate their skills in various challenges, and the Intersec Innovators Arena for startups to present their products to potential investors.
Celebrating its 25th edition under the patronage of His Highness Sheikh Mansoor Bin Mohammed bin Rashid Al Maktoum, Intersec has become a global hub for the security industry, with 1,000 exhibitors from 60 nations and an expected 45,000 trade visitors. This milestone event underscores the Middle East’s commitment to leading in the fields of security, safety, and technology innovation.
