PUBLISHER: Value Market Research | PRODUCT CODE: 1547712
PUBLISHER: Value Market Research | PRODUCT CODE: 1547712
The global demand for Homomorphic Encryption Market is presumed to reach the market size of nearly USD 425.24 Million by 2032 from USD 203.89 Million in 2023 with a CAGR of 8.51% under the study period 2024-2032.
In recent times, the use of cloud computing has gained popularity all over the world. Homomorphic encryption is a type of encryption enabling one to perform calculations on encrypted data without decrypting. The computation outcome is in an encrypted form; when decrypted, the result is the same as if the operations had been conducted on the unencrypted data. It is widely used for adequate data security. Data encryption translates data into a code to be accessible to people who have the password.
The market growth is mainly influenced by the rising usage of smart-devices like smartphones, tablets, and mobility solutions, rising demand for secure and safe data transmission, accelerating investment in cloud-based industries, and increasing e-governance initiatives. In addition to this, the rising implementation of homomorphic encryption in the BFSI industry is likely to boost demand over the forecast period. However, high setup cost and complexity of systems are the factors impede the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Homomorphic Encryption. The growth and trends of Homomorphic Encryption industry provide a holistic approach to this study.
This section of the Homomorphic Encryption market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Homomorphic Encryption market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Homomorphic Encryption market include Cosmian, IBM, Cornami, Duality, CryptoLab, Galois, Google, Thales, Intel. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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