South America Homomorphic Encryption Market Analysis, Size, and Share by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

South America Homomorphic Encryption Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Partially, Somewhat, and Fully) and Application (BFSI, Healthcare, Government, and Others)

Report Date : Jan 2021
Report Code : TIPRE00018170

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 94

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The SAM homomorphic encryption market is expected to grow from US$ 3.74 million in 2019 to US$ 6.16 million by 2027; it is estimated to grow at a CAGR of 6.8 % from 2020 to 2027.

The Brazil and Argentina are major economies in SAM. Mounting need for data security is expected to upsurge the SAM homomorphic encryption market. Increase in number of cyberattacks across the SAM 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 across SAM region. 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 SAM 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 SAM are expected to propel the South America Homomorphic Encryption market during the forecast period.

Further, in case of COVID-19, SAM is highly affected specially the Brazil. In SAM region countries such as Brazil and Argentina are transforming their business operations in digital platform through cloud computation to face the challenges emerged due to COVID-19. The social isolation boost- ecommerce in SAM region similarly it creating considerable growth in all business sectors. The adoption ration of digital technologies such as Artificial Intelligence, Automation, cloud platform and other is low in region which resulted in the slower growth of market in the region. The COVID-19 just propelled the digital technologies importance in region which created strong opportunity for the market to enhance its presence. The adoption and penetration of advanced encryption technologies is started to increase in countries such as Brazil and Argentina which is expected to drive the SAM homomorphic encryption market during forecast period. COVID-19 just enhanced the importance for digital technologies and supportive tools for the security and reality. Major companies such as IBM is also investing in the region owing to the potential available for advanced technologies. For instance, Banco Bradesco, S.A., a Brazilian financial institution and IBM Research formed partnership to integrate techniques such as homomorphic encryption to banking data. COVID-19 is just provided the push for the region to adopt new digital technologies and supporting tools to enhance services for end users.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM homomorphic encryption market. The SAM homomorphic encryption market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

SAM Homomorphic Encryption Market Segmentation

SAM Homomorphic Encryption Market – By Type

Partially
Somewhat
Fully

SAM Homomorphic Encryption Market – By Application

BFSI
Healthcare
Government
Other

SAM Homomorphic Encryption Market, by Country

Brazil
Argentina
Rest of SAM

SAM Homomorphic Encryption Market - Companies Mentioned

Google LLC
IBM Corporation
Inpher, Inc.
Microsoft Corporation
Netskope, Inc.
Thales Group

South America Homomorphic Encryption Report Scope

Report Attribute	Details
Market size in 2019	US$ 3.74 Million
Market Size by 2027	US$ 6.16 Million
Global CAGR (2020 - 2027)	6.8 %
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Type Partially Somewhat Fully By Application BFSI Healthcare Government
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Google LLC IBM Corporation Inpher, Inc. Microsoft Corporation Netskope, Inc. Thales Group

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the South America Homomorphic Encryption Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

South America Homomorphic Encryption Market Report Snapshots

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