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)
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.
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
TABLE OF CONTENTS
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. SAM Homomorphic Encryption Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Homomorphic Encryption Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Need for Data Security
5.1.2 Upsurge of Data Analytics
5.2 Market Restraints
5.2.1 Difficulties Related to Homomorphic Encryption Systems
5.3 Market Opportunities
5.3.1 Escalation in Deployment of Cloud Computing
5.4 Future Trends
5.4.1 Incorporation with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Homomorphic Encryption Market – SAM Analysis
6.1 Homomorphic Encryption Market: SAM Overview
6.2 SAM Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
6.3 Market Positioning – Market Players Ranking
7. SAM Homomorphic Encryption Market Analysis – By Type
7.1.1 Overview
7.1.2 SAM 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. SAM Homomorphic Encryption Market Analysis – By Application
8.1.1 Overview
8.1.2 SAM 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. SAM Homomorphic Encryption Market – Country Analysis
9.1 Overview
9.1.1 SAM: Homomorphic Encryption Market, by Key Country
9.1.1.1 Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Homomorphic Encryption Market, by Type
9.1.1.1.2 Brazil: Homomorphic Encryption Market, by Application
9.1.1.2 Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Homomorphic Encryption Market, by Type
9.1.1.2.2 Argentina: Homomorphic Encryption Market, by Application
9.1.1.3 Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Homomorphic Encryption Market, by Type
9.1.1.3.2 Rest of SAM: Homomorphic Encryption Market, by Application
10. Impact of COVID-19 Pandemic On SAM Homomorphic Encryption Market
10.1 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Inpher, Inc.
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 Microsoft Corporation
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 Netskope, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Thales Group
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 IBM Corporation
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 Google LLC
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Homomorphic Encryption Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. Brazil: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Term: SAM Homomorphic Encryption Market
LIST OF FIGURES
Figure 1. SAM Homomorphic Encryption Market Segmentation
Figure 2. SAM Homomorphic Encryption Market Segmentation – By Country
Figure 3. SAM Homomorphic Encryption Market Overview
Figure 4. SAM Homomorphic Encryption Market –Type
Figure 5. SAM Homomorphic Encryption Market – Application
Figure 6. SAM Homomorphic Encryption Market – Country
Figure 7. SAM – PEST Analysis
Figure 8. SAM Homomorphic Encryption Market – Ecosystem Analysis
Figure 9. SAM Homomorphic Encryption Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
Figure 11. SAM Homomorphic Encryption Market Breakdown, by Type (2019 and 2027)
Figure 12. SAM Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. SAM Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 14. SAM Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 15. SAM Homomorphic Encryption Market Breakdown, by Application (2019 and 2027)
Figure 16. SAM BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 17. SAM Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. SAM Government: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. SAM Others: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 20. SAM: Homomorphic Encryption Market Revenue Share, by Key Country (2019 and 2027)
Figure 21. Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in SAM Market
Some of the leading companies are:
- Google LLC
- IBM Corporation
- Inpher, Inc.
- Microsoft Corporation
- Netskope, Inc.
- Thales Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM homomorphic encryption market.
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