Quantum Computing: $50 Billion Potential Amid Rising Cybersecurity Risks

27 Nov Quantum Computing: Potential $50 Billion Value with Cybersecurity Risks

A recent analysis from the Boston Consulting Group (BCG) in collaboration with the Global Cybersecurity Forum (GCF) highlights the significant potential of quantum computing, estimating a value generation of more than USD $50 billion for businesses globally. As quantum technology rapidly transitions from theoretical research to everyday applications, both opportunities and cybersecurity vulnerabilities are emerging.

Sector-Specific Benefits of Quantum Computing

The report identifies the energy sector as a primary beneficiary, with the oil and gas industry alone poised to realize savings ranging from USD $6 billion to USD $30 billion. Additionally, transport and logistics industries could see benefits estimated between USD $400 million and USD $1.2 billion. With nearly USD $13 billion earmarked for investment in quantum technology by 2025, industries are gearing up to harness these advancements.

Cybersecurity Concerns in the Quantum Era

While the promise of quantum computing is substantial, BCG raises alarms about its implications for cybersecurity. Existing encryption methods may soon be rendered obsolete, leaving sensitive information vulnerable. A critical concern is that data could be compromised now and decrypted later when quantum computers reach advanced capabilities. To mitigate these risks, the report advocates for the adoption of post-quantum encryption and innovative solutions such as quantum key distribution.

The Gulf Region at the Forefront

Shoaib Yousuf, BCG’s managing director and partner, notes that the Gulf region is at a pivotal juncture. Governments in the area are already leveraging quantum technology to enhance oil and gas operations and develop smarter, safer urban environments. With strategic initiatives underway, the Gulf Cooperation Council (GCC) aims to position itself as a leader in the sustainable implementation of quantum technology while safeguarding cybersecurity.

A Strategic Roadmap for Implementation

To effectively navigate the complexities of quantum technology, companies can benefit from a structured approach. The BCG report recommends that organizations first assess both the risks and opportunities presented by quantum advancements. Subsequently, they should set priorities, experiment with innovative concepts, and invest in employee training and research initiatives. According to David Panhans, another managing director at BCG, success hinges on balancing the adoption of quantum technology with robust security measures.

New Tools to Combat Cyber Threats

In light of escalating cyber threats, technology firm Gigamon has announced the release of GigaVUE 6.12, a tool designed to bolster network security against potential quantum-driven cyber attacks. This tool enhances visibility into encryption usage, identifies outdated security measures, and provides a comprehensive overview of network integrity. It seamlessly integrates with established security platforms such as Splunk, QRadar, and Elastic.

Growing Cyber Threat Landscape in the Middle East

Notably, cyber threats in the Middle East have surged, with over half of the attacks in the region during the first half of 2025 involving ransomware or extortion. The UAE has experienced increasing vulnerabilities, ranked ninth globally in cyber attacks, and second within the Middle East and Africa. Experts indicate that traditional encryption methods may become compromised by 2030, prompting a proactive shift toward post-quantum encryption—a strategy that 73% of IT leaders are reportedly considering.

Damian Wilk, general manager at Gigamon, emphasizes the necessity for organizations to identify where encryption is implemented and pinpoint weak areas before potential exploits arise. Gigamon’s advanced tools empower companies to achieve this visibility and transition toward quantum-safe encryption without hindering operational efficiency.