Homomorphic Encryption Market with Focus on Emerging Technologies, Revenue Analysis and 7.55% of compound annual growth rate by Forecast 2027

“Market Research Future”
Market Research Future published a research report on “Homomorphic Encryption Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Synopsis of Homomorphic Encryption Market

Market Scenario

Homomorphic Encryption is a form of encryption process which helps to carry out computations through cipher text to generate an encrypted result. It helps to delegate the data without giving away access of the data. Homomorphic Encryption is widely used for effective data security. Data encryption translates data into a form or a code so that it is accessible to people who have the password. Homomorphic Encryption is widely used for effective data security.

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The global homomorphic encryption market is a very dynamic market and is expected to witness stable growth over the forecast period. The growth of the homomorphic encryption market is influenced by the growing demand for secured data transmission, growing investment in cloud based industries and growing e-governance initiatives. Furthermore, high implementation of homomorphic encryption in the banking and finance sector is expected to boost the growth over the forecast period. However, the complexity of systems and lack of upgradation are the factors hindering the growth of the homomorphic encryption market.

The global Homomorphic Encryption Market is expected to grow at USD 268.3 million by the end of year 2027 with 7.55% of compound annual growth rate.

Key Players

The prominent players in the market of Homomorphic Encryption market are – Gemalto (Netherlands), Oracle Corporation (U.S.), Microsoft (U.S.), IBM Corporation (U.S.), Galois Inc (U.S.), CryptoExperts (France), Netskope (U.S.) among others.

Global Homomorphic Encryption Market Structure

By Type

  • Fully
  • Additive
  • Partial
  • Multiplicative

 

By Application

  • Banking and Finance
  • Healthcare
  • Government
  • Industrial
  • Others

 

By Region

  • North America
  • Europe
  • Asia Pacific
  • Row

Intended Audience

  • Manufacturing Companies
  • Software Developers
  • Technology Providers
  • Distributors
  • Research firms
  • Consultancy firms
  • Stakeholders
  • End-user sectors
  • Technology Investors

 

Regional Analysis:

North American region accounted for the largest market share majorly from the countries U.S. and Canada. Homomorphic encryption market is expected to grow at a fast pace in U.S. The reason is attributed to stable growth rate, better medical facilities, increasing consumption, increasing private sector investments, high exports and increasing number of small and medium scale enterprises. In 2016, North America market has been valued at USD 53.56 million in the year 2016 and is projected to grow at CAGR of 8.02% over the forecast period 2017 to 2027.

Europe is growing at a stable rate over the forecast period. The region is attributed to the increasing security concerns, high adoption of homomorphic encryption solutions rapid industrialization among others. Also, the high investment in the cloud based industries is expected to boost the market over the forecast period. Whereas, factors such as lack of up gradation and complexity are stopping the market to grow in the European region. Countries such as U.K and Germany accounted for the largest market share in the European region majorly being a banking hub and high investment in infrastructure.

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TABLE OF CONTENTS

1   INTRODUCTION

1.1 Definition 8

1.2 Scope Of The Study 8

1.3 Assumptions 8

1.4 Market Structure 8

2   RESEARCH METHODOLOGIES

2.1 Research Process 10

2.2 Primary Research 11

2.3 Secondary Research 11

2.4 Market Size Estimation 11

2.5 Forecast Model 12

3   MARKET DYNAMICS

3.1 Introduction 13

3.2 Drivers 13

3.2.1 Growing Demand For Secured Data Transmission 13

3.2.2 High Investment In Cloud-Based Industries 14

3.2.3 Growing E-Governance Initiative 15

3.2.4 Growing Usage Of Mobility Solutions 15

3.3 Restraints 16

3.3.1 Complexity Of Systems 16

3.3.2 Vulnerability Of Malware 16

3.3.3 Lack Of Upgradation 16

3.4 Porter’s Five Forces Analysis 17

3.4.1 Introduction 17

3.5 Supply Chain Analysis 19

4  HOMOMORPHIC ENCRYPTION MARKET, BY TYPE

4.1 Introduction 20

4.1.1 Fully 21

4.1.2 Additive 22

4.1.3 Partial 23

4.1.4 Multiplicative 25

5   HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION

5.1 Introduction 27

5.1.1 Banking And Finance 28

5.1.2 Healthcare 29

5.1.3 Government 31

5.1.4 Industrial 32

5.1.5 Others 33

6   HOMOMORPHIC ENCRYPTION MARKET, BY REGIONS

6.1 Introduction 35

6.1.1 North-America 36

6.1.2 Europe 39

6.1.3 Asia-Pacific 42

6.1.4 Rest Of The World 45

7   COMPANY PROFILE

7.1 Key Players Ranking 48

7.2 Gemalto 49

7.2.1 Company Overview 49

7.2.2 Product/Solution Portfolio 49

7.2.3 Strategy 50

7.2.4 SWOT Analysis 50

7.3 Oracle Corporation 51

7.3.1 Company Overview 51

7.3.2 Product/Solution Portfolio 51

7.3.3 Strategy 52

7.3.4 SWOT Analysis 52

7.4 Microsoft 53

7.4.1 Company Overview 53

7.4.2 Product/Solution Portfolio 53

7.4.3 Strategy 54

7.4.4 SWOT Analysis 54

7.5 IBM Corporation 55

7.5.1 Company Overview 55

7.5.2 Product/Solution Portfolio 55

7.5.3 SWOT Analysis 56

7.6 Galois Inc 57

7.6.1 Company Overview 57

7.6.2 Product/Solution Portfolio 57

7.6.3 Strategy 57

7.6.4 Key Development 57

7.7 CryptoExperts 58

7.7.1 Company Overview 58

7.7.2 Product/Solution Portfolio 58

7.8 Netskope (U.S.) 59

7.8.1 Company Overview 59

7.8.2 Product/Solution Portfolio 59

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