Homomorphic Encryption Market Scope
Homomorphic encryption employs the concept of data conversion into cipher text so it never loses its originality during the process of any treatment or transmission. It allows complex calculations to be performed on encrypted data without compromising the encryption. Homomorphic encryption helps to protect the integrity of data by allowing others to manipulate its encrypted form while no one can understand or access its decrypted values.
The market study is being classified by Type (Partially Homomorphism, Somewhat Homomorphism and Fully Homomorphism), by Application (Industrial, Government, Financial & Insurance, Health Care and Others) and major geographies with country level break-up.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period
Microsoft (United States), IBM Corporation (United States), Oracle Corporation (United States), Galois Inc (United States), CryptoExperts (France), Gemalto (Netherlands), Netskope (United States), Enveil (United States), Duality Technologies (United States) and ShieldIO (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Homomorphic Encryption market by Type, Application and Region.
On the basis of geography, the market of Homomorphic Encryption has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Rising use in banking sector
- Growing investment by end user in data security
- Growing use of smartphone and mobility solution
- Growing security concern due to lot of internet users sharing personal information
- Increasing need of encryption of data for data security
- Growing e-governance initiative
- Complexity of system
- Lack of up-gradation in system
- Unawareness regarding homomorphic encryption
Key Target AudienceManufacturing Companies, Software Developers, Technology Providers, Distributors, Research firms, Consultancy firms, Stakeholders, End-user sectors and Technology Investors
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