Homomorphic Encryption Market to Grow at a CAGR of 9.7% to reach US$ 246.29 Million from 2020 to 2027

Homomorphic Encryption Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Fully, Additive, Partial, Multiplicative); Application (BFSI, Healthcare, Government, Others) and Geography

Publication Month: Dec 2020 | Report Code: TIPRE00014748 | No. of Pages: 149 | Category: Technology, Media and Telecommunications | Status: Published
Covid

The homomorphic encryption market was valued at US$ 120.12 million in 2019 and is expected to reach US$ 246.29million by 2027; it is estimated to grow at a CAGR of 9.7% during 2020–2027.

 

North America is estimated to dominate the homomorphic encryption market, followed by Europe. Increased concern for data security and data encryption at cloud platform are some of the major factors anticipated to fuel the demand for homomorphic encryption in North America. Moreover, the APAC region is expected to witness the highest CAGR during the forecast period. The homomorphic encryption market in APAC is gaining prominence, as the homomorphic encryption solution offers proactive security measures to prevent data breaches. Moreover, rising awareness among data processing companies regarding homomorphic technology is a supportive factor for the market growth. Companies, such as Microsoft, IBM, and Cornami, are offering advanced developments in encryption solution by conduction continuous research. For instance, in July, 2020, IBM announced success in the field trials conducted for the fully homomorphic encryption and it also made fully homomorphic encryption toolkit available for the MacOS and iOS platforms.

 

APAC comprises key economies, such as China, India, Australia, Hong Kong, and Japan, which are rapidly installing the homomorphic encryption solution. Also, growing IT & telecom sector, particularly in developing economies of the region, is likely to boost the homomorphic encryption market. Additionally, in the MEA region, the growing trend of digital transformation is expected to boost the adoption of homomorphic encryption solutions by retailers. 

 

Impact of COVID-19 Pandemic on Homomorphic Encryption Market

Due to surge in online shopping activity during the COVID-19 epidemic in the US and Canada, B2C e-commerce sales in both countries are anticipated to witness exponential growth in 2020. North America is an early adopter of advanced technologies and has a strong penetration of digital technologies. The COVID-19 outbreak has a strong impact on the market as its enhanced importance of homomorphic encryption for business data transfer.

During the pandemic, the digitization in North America witnessed significant growth in almost all business sectors owing to the demand for remote working and monitoring services. In addition, the technology has shown possibilities in the healthcare sector to secure critical healthcare data. Companies also highlighted the importance of the solution for the same. For instance, Duality Technologies started to offer solution based on homomorphic encryption for businesses and also stated the possibilities for the healthcare industry.

 

Lucrative Regional Homomorphic Encryption Market

 

Lucrative Regional Homomorphic Encryption Market

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Market Insights–Homomorphic Encryption Market

Growing Need for Data Security Drives Homomorphic Encryption Market Growth

Increase in number of cyberattacks across the globe has become a vital concern for organizations. As most digital data is shifted through the Internet and advanced networks, the danger of data vulnerability has increased rapidly. The government, financial services, and IT sector are some of the prominent industries vulnerable to cyber threats. The industries mentioned above face tough challenges concerning their data security and vulnerability as they have to deal with storing, migrating, shifting, and outsourcing their user data on open source platforms many times. Therefore, in order to mitigate risk regarding data security while at rest, transmitting, or computing, the homomorphic encryption is gaining traction in various industries. The utilization of homomorphic encryption technology is enabling organizations to maintain a robust standard of data security without compromising business operations or application functions. Moreover, owing to increasing concerns over the collection, misuse, transfer, or handling of data by businesses and institutions, the governments across the globe are strongly emphasizing on consumer data protection, which is further propelling the adoption of homomorphic encryption technology. Thus, growing concern over data security and increasing need for consumer data protection across the globe are expected to propel the homomorphic encryption market during the forecast period.

 

Type-Based Insights

Based on type, the homomorphic encryption market is segmented into partially, somewhat, and fully. The fully segment led the homomorphic encryption market in 2019. Fully homomorphic encryption enables analytical functions to be operated directly on encrypted data while generating the same encrypted results as if the functions were run on the plaintext. It can use addition and multiplication for any number of times and make secure multiparty computation more effective. Besides, it can manage arbitrary computations on the cipher texts. In this case, the information stays safe and private, even in untrusted environments, such as public clouds or external parties. The data remains encrypted at all times, which minimizes the possibility that sensitive information is compromised.

 

Homomorphic Encryption Market, by Type– 2019 and 2027

 

Homomorphic Encryption Market, by Type– 2019 and 2027

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Application-Based Insights

Based on application, the homomorphic encryption market is segmented into BFSI, healthcare, government, and others. In 2019, the BFSI segment led the homomorphic encryption market in terms of size. In order to manage the privacy and confidentiality of the database of bank accounts stored in the cloud, cloud providers incorporate homomorphic encryption in their security solutions, which enables the bank to take the benefits of cloud computing. Cloud technology has brought a huge enhancement into the data storage in the cloud. Organizations and individuals find this technology relevant to their daily use. Nevertheless, the vulnerability of data during the computation of information has been an issue. In this case, the homomorphic encryption technology plays an important role in a secured cloud computing.

 

Strategic Insights

 

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

 

  • In 2020, Netskope Inc. raised US$340 million in Series G funding round and the investment was led by Sequoia Capital

 

  • In 2020, IBM introduced Fully Homomorphic Encryption Toolkit for Linux     

 

Homomorphic Encryption Market – by Type

  • Partially
  • Somewhat
  • Fully

 

Homomorphic Encryption Market – by Application

  • BFSI
  • Healthcare
  • Government
  • Others

 

Homomorphic Encryption Market –CompanyProfiles

  • Cosmian
  • CryptoExperts SAS
  • Google LLC
  • IBM Corporation
  • Inpher, Inc.
  • Microsoft Corporation
  • Netskope, Inc.
  • ShieldIO, Inc.
  • Thales Group
  • ZAMA

 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Homomorphic Encryption Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia Pacific

4.2.4        Middle East & Africa

4.2.5        South America

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Homomorphic Encryption Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Rising Need for Data Security

5.1.2        Emergence of Data Analytics

5.2       Market Restraints

5.2.1        Complexities of Homomorphic Encryption Systems

5.3       Market Opportunities

5.3.1        Growing Deployment of Cloud Computing

5.4       Future Trends

5.4.1        Integration with Advanced Technologies

5.5       Impact Analysis of Drivers and Restraints

6.             Homomorphic Encryption– Global Market Analysis

6.1       Homomorphic Encryption: Global Overview

6.2       Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)

6.3       Market Positioning – Global Market Players Ranking

7.             Homomorphic Encryption Market Analysis – By Type

7.1.1        Overview

7.1.2        Homomorphic Encryption Market Breakdown, by Type, 2019 & 2027

7.2       Fully

7.2.1        Overview

7.2.2        Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

7.3       Somewhat

7.3.1        Overview

7.3.2        Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Partially

7.4.1        Overview

7.4.2        Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

8.             Homomorphic Encryption Market Analysis – By Application

8.1.1        Overview

8.1.2        Homomorphic Encryption Market Breakdown, by Application, 2019 & 2027

8.2       BFSI

8.2.1        Overview

8.2.2        BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

8.3       Healthcare

8.3.1        Overview

8.3.2        Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Government

8.4.1        Overview

8.4.2        Government: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Others

8.5.1        Overview

8.5.2        Others: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.             Homomorphic Encryption Market – Geographic Analysis

9.1       Overview

9.2       North America: Homomorphic Encryption Market

9.2.1        North America: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2        North America: Homomorphic Encryption Market, by Type

9.2.3        North America: Homomorphic Encryption Market, by Application

9.2.4        North America: Homomorphic Encryption Market, by Key Country

9.2.4.1      US: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1       US: Homomorphic Encryption Market, by Type

9.2.4.1.2       US: Homomorphic Encryption Market, by Application

9.2.4.2      Canada: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1       Canada: Homomorphic Encryption Market, by Type

9.2.4.2.2       Canada: Homomorphic Encryption Market, by Application

9.2.4.3      Mexico: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1       Mexico: Homomorphic Encryption Market, by Type

9.2.4.3.2       Mexico: Homomorphic Encryption Market, by Application

9.3       Europe: Homomorphic Encryption Market

9.3.1        Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2        Europe: Homomorphic Encryption Market, by Type

9.3.3        Europe: Homomorphic Encryption Market, by Application

9.3.4        Europe: Homomorphic Encryption Market, by Key Country

9.3.4.1      Germany: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1       Germany: Homomorphic Encryption Market, by Type

9.3.4.1.2       Germany: Homomorphic Encryption Market, by Application

9.3.4.2      France: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1       France: Homomorphic Encryption Market, by Type

9.3.4.2.2       France: Homomorphic Encryption Market, by Application

9.3.4.3      Italy: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1       Italy: Homomorphic Encryption Market, by Type

9.3.4.3.2       Italy: Homomorphic Encryption Market, by Application

9.3.4.4      UK: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1       UK: Homomorphic Encryption Market, by Type

9.3.4.4.2       UK: Homomorphic Encryption Market, by Application

9.3.4.5      Russia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1       Russia: Homomorphic Encryption Market, by Type

9.3.4.5.2       Russia: Homomorphic Encryption Market, by Application

9.3.4.6      Rest of Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1       Rest of Europe: Homomorphic Encryption Market, by Type

9.3.4.6.2       Rest of Europe: Homomorphic Encryption Market, by Application

9.4       APAC: Homomorphic Encryption Market

9.4.1        APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2        APAC: Homomorphic Encryption Market, by Type

9.4.3        APAC: Homomorphic Encryption Market, by Application

9.4.4        APAC: Homomorphic Encryption Market, by Key Country

9.4.4.1      China: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1       China: Homomorphic Encryption Market, by Type

9.4.4.1.2       China: Homomorphic Encryption Market, by Application

9.4.4.2      India: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1       India: Homomorphic Encryption Market, by Type

9.4.4.2.2       India: Homomorphic Encryption Market, by Application

9.4.4.3      Japan: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1       Japan: Homomorphic Encryption Market, by Type

9.4.4.3.2       Japan: Homomorphic Encryption Market, by Application

9.4.4.4      South Korea: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1       South Korea: Homomorphic Encryption Market, by Type

9.4.4.4.2       South Korea: Homomorphic Encryption Market, by Application

9.4.4.5      Australia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1       Australia: Homomorphic Encryption Market, by Type

9.4.4.5.2       Australia: Homomorphic Encryption Market, by Application

9.4.4.6      Rest of APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1       Rest of APAC: Homomorphic Encryption Market, by Type

9.4.4.6.2       Rest of APAC: Homomorphic Encryption Market, by Application

9.5       MEA: Homomorphic Encryption Market

9.5.1        MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2        MEA: Homomorphic Encryption Market, by Type

9.5.3        MEA: Homomorphic Encryption Market, by Application

9.5.4        MEA: Homomorphic Encryption Market, by Key Country

9.5.4.1      South Africa: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1       South Africa: Homomorphic Encryption Market, by Type

9.5.4.1.2       South Africa: Homomorphic Encryption Market, by Application

9.5.4.2      Saudi Arabia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1       Saudi Arabia: Homomorphic Encryption Market, by Type

9.5.4.2.2       Saudi Arabia: Homomorphic Encryption Market, by Application

9.5.4.3      UAE: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1       UAE: Homomorphic Encryption Market, by Type

9.5.4.3.2       UAE: Homomorphic Encryption Market, by Application

9.5.4.4      Rest of MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1       Rest of MEA: Homomorphic Encryption Market, by Type

9.5.4.4.2       Rest of MEA: Homomorphic Encryption Market, by Application

9.6       SAM: Homomorphic Encryption Market

9.6.1        SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2        SAM: Homomorphic Encryption Market, by Type

9.6.3        SAM: Homomorphic Encryption Market, by Application

9.6.4        SAM: Homomorphic Encryption Market, by Key Country

9.6.4.1      Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1       Brazil: Homomorphic Encryption Market, by Type

9.6.4.1.2       Brazil: Homomorphic Encryption Market, by Application

9.6.4.2      Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1       Argentina: Homomorphic Encryption Market, by Type

9.6.4.2.2       Argentina: Homomorphic Encryption Market, by Application

9.6.4.3      Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1       Rest of SAM: Homomorphic Encryption Market, by Type

9.6.4.3.2       Rest of SAM: Homomorphic Encryption Market, by Application

10.          Impact of COVID-19 Pandemic On Global Homomorphic Encryption Market

10.1    Overview

10.1.1     North America: Impact Assessment of COVID-19 Pandemic

10.1.2     Europe: Impact Assessment of COVID-19 Pandemic

10.1.3     Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.1.4     MEA: Impact Assessment of COVID-19 Pandemic

10.1.5     SAM: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

12.            Company Profiles

12.1    Cosmian

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    CryptoExperts SAS

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Inpher, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    ShieldIO, Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    ZAMA

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Microsoft Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Netskope, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Financial Overview

12.7.4     SWOT Analysis

12.7.5     Key Developments

12.8    Thales Group

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    IBM Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3      Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Google LLC

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Glossary of Terms

LIST OF TABLES

Table 1.             Homomorphic Encryption Market – Revenue, and Forecast to 2027 (USD Million)

Table 2.             North America: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             North America: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 4.             US: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             US: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Europe: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Europe: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Germany: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Germany: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 14.          France: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 15.          France: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 16.          Italy: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 17.          Italy: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 18.          UK: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 19.          UK: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 20.          Russia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 21.          Russia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of Europe: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 23.          Rest of Europe: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 24.          APAC: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 25.          APAC: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 26.          China: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 27.          China: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 28.          India: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 29.          India: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 30.          Japan: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 31.          Japan: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 32.          South Korea: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 33.          South Korea: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 34.          Australia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 35.          Australia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 36.          Rest of APAC: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 37.          Rest of APAC: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 38.          Middle East and Africa Homomorphic Encryption, by Type – Revenue and Forecast to 2027 (USD Million)

Table 39.          MEA: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 40.          South Africa: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 41.          South Africa: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 42.          Saudi Arabia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 43.          Saudi Arabia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 44.          UAE: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 45.          UAE: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 46.          Rest of MEA: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 47.          Rest of MEA: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 48.          SAM: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 49.          SAM: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 50.          Brazil: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 51.          Brazil: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 52.          Argentina: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 53.          Argentina: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 54.          Rest of SAM: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 55.          Rest of SAM: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 56.          Glossary of Term: Homomorphic Encryption Market

 

LIST OF FIGURES

Figure 1.           Homomorphic Encryption Market Segmentation

Figure 2.           Homomorphic encryption Market Segmentation – By Geography

Figure 3.           Global Homomorphic Encryption Market Overview

Figure 4.           Global Homomorphic Encryption Market –Type

Figure 5.           Global Homomorphic Encryption Market – Application

Figure 6.           Global Homomorphic Encryption Market – Region

Figure 7.           North America – PEST Analysis

Figure 8.           Europe – PEST Analysis

Figure 9.           Asia Pacific – PEST Analysis

Figure 10.        Middle East & Africa – PEST Analysis

Figure 11.        South America – PEST Analysis

Figure 12.        Homomorphic Encryption Market – Ecosystem Analysis

Figure 13.        Homomorphic Encryption Market: Impact Analysis of Drivers and Restraints

Figure 14.        Geographic Overview of Homomorphic Encryption Market

Figure 15.        Global: Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)

Figure 16.        Homomorphic Encryption Market Breakdown, by Type (2019 and 2027)

Figure 17.        Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 18.        Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 19.        Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 20.        Homomorphic Encryption Market Breakdown, by Application (2019 and 2027)

Figure 21.        BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 22.        Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 23.        Government: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 24.        Others: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)

Figure 25.        Homomorphic Encryption Market Revenue Share, By Region (2019 and 2027)

Figure 26.        North America: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        North America: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)

Figure 28.        North America: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)

Figure 29.        North America: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)

Figure 30.        US: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Canada: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        Mexico: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Europe: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)

Figure 35.        Europe: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)

Figure 36.        Germany: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.        France: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38.        Italy: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39.        UK: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.        Russia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.        Rest of Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42.        APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 43.        APAC: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)

Figure 44.        APAC: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)

Figure 45.        APAC: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)

Figure 46.        China: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47.        India: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 48.        Japan: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.        South Korea: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.        Australia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51.        Rest of APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.        MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.        MEA: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)

Figure 54.        MEA: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)

Figure 55.        MEA: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)

Figure 56.        South Africa: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 57.        Saudi Arabia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 58.        UAE: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 59.        Rest of MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.        SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 61.        SAM: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)

Figure 62.        SAM: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)

Figure 63.        SAM: Homomorphic Encryption Market Revenue Share, by Key Country (2019 and 2027)

Figure 64.        Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 65.        Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 66.        Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)

Figure 67.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 68.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 69.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 70.        Impact of COVID-19 Pandemic in MEA Markets

Figure 71.        Impact of COVID-19 Pandemic in SAM Market

 

The List of Companies - Homomorphic Encryption Market

  1. Cosmian
  2. CryptoExperts SAS
  3. Google LLC
  4. IBM Corporation
  5. Inpher, Inc.
  6. Microsoft Corporation
  7. Netskope, Inc.
  8. ShieldIO, Inc.
  9. Thales Group
  10. ZAMA
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global homomorphic encryption market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global homomorphic encryption market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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Frequently Asked Questions

The growth of the browser isolation software market is primarily attributed to the rise in the number of cyberattacks and data breaches. Moreover, the demand for security solutions in SMEs has increased significantly, thereby substantially driving the homomorphic encryption market.

With to the emergence of cloud computing, the on-premises networking is phasing out. Owing to numerous benefits of cloud computing such as cost, flexibility, scalability, mobility, disaster recovery & loss prevention coupled with decreasing cost of cloud computing, organizations are rapidly adopting cloud computing. However, mitigating database over the cloud has been always been a matter of concern. Although, encrypting data is considered a viable option but still exposed to risk while computing, as the data has to be decrypted first. Homomorphic encryption enables organizations to compute the data while always keeping the data encrypted. It allows users to run complex and large calculations without compromising the data security. Owing to increase in deployment of cloud computation across the globe and need for secure cloud computing, the homomorphic encryption market is projected to witness significant growth opportunities over the coming years.

The homomorphic encryption market is led by BFSI segment with highest share and is expected to dominate in the forecast period. With homomorphic encryption technology, bank management can generate a detailed report without compromising the privacy of the customers’ data. Due to the various benefits of this technology, various financial institutes around the world are using it.

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