The homomorphic encryption market is expected to reach US$ 246.29 million by 2027, rising from US$ 120.12 million in 2019. The growth rate for revenue curve is estimated to be 9.7%during the forecast period.
Increase in number of cyberattacks across the globe 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. 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 globe 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 globe are expected to propel the homomorphic encryption market during the forecast period.
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Homomorphic Encryption Market: Strategic Insights
Market Size Value in US$ 120.12 Million in 2019 Market Size Value by US$ 246.29 Million by 2027 Growth rate CAGR of 9.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Homomorphic Encryption Market: Strategic Insights
| Market Size Value in | US$ 120.12 Million in 2019 |
| Market Size Value by | US$ 246.29 Million by 2027 |
| Growth rate | CAGR of 9.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Impact of COVID-19 Pandemic on Homomorphic Encryption Market
The COVID-19 epidemic is changing the functioning of businesses worldwide. To lower the spread of coronavirus companies and government the work from culture which drives digitalization in global market. The worldwide business data ecosystem has proven strong in the face of the epidemic. The businesses, hospitals and other government services started to adopt digital platforms having assured security features. Nevertheless, the financial industry services are adopting advanced encryption technologies to offer customer secured e-services. The digitalization projects witnessed declined growth at the start of pandemic owing to financial restriction, but after lockdown the importance has been increased with significant rate. Data transactions are evolved in enormous quality which created demand for the encryption services.
Market Insights
Growing Deployment of Cloud Computing
With to the emergence of cloud computing, the on-premises networking is phasing out. Owing to numerous benefits of cloud computing—such as cost, flexibility, scalability, mobility, disaster recovery & loss prevention—coupled with decreasing cost of cloud computing, organizations are rapidly adopting cloud computing. However, mitigating database over the cloud has been always been a matter of concern. Although, encrypting data is considered a viable option but still exposed to risk while computing, as the data has to be decrypted first. Homomorphic encryption enables organizations to compute the data while always keeping the data encrypted. It allows users to run complex and large calculations without compromising the data security. Owing to increase in deployment of cloud computation across the globe and need for secure cloud computing, the homomorphic encryption market is projected to witness significant growth opportunities over the coming years.
Type Market Insights
Homomorphic encryption analyzes the encrypted data without disclosing the information to anyone. It has tremendous potential in areas with sensitive personal data, such as healthcare and financial services, when the privacy of a person is paramount. In these situations, homomorphic encryption technology safeguards the sensitive details of the actual data. Homomorphic encryption is differentiated based on types and frequency of mathematical operations that can be implemented on the cipher text. The types of homomorphic encryption include partially, somewhat and fully.
Application Market Insight
Rising use of mobility solutions and smartphones is fueling the market since mobile cloud computing is an infrastructure where both data computing and data storage happens outside the device. At present, due to the adoption of digitization across all the regions, consumers use smartphones in their daily life for mobile banking, shopping, and bill payments. Thus, they share their personal data with a third-party forum that raises concern over an individual’s data privacy. Growing Internet users around the world are sharing humungous information through a third-party medium. Therefore, data security becomes a crucial factor that is accelerating the growth of the homomorphic encryption market. Homomorphic encryption helps address the balance of risk and utility in data sharing for various industrial applications, such as BFSI, healthcare, and government.
The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In April 2020, ZAMA raised funds from Lunar Ventures and Plug and Play, and financial details were not disclosed.
- In February 2020, Netskope Inc. raised US $340 million in Series G funding round and the investment was led by Sequoia Capital.
Homomorphic Encryption Market Report Scope
Global Homomorphic Encryption Segments:
Homomorphic Encryption Market – By Type
- Partially
- Somewhat
- Fully
Homomorphic Encryption Market – By Application
- BFSI
- Healthcare
- Government
- Others
Homomorphic Encryption Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- Cosmian
- CryptoExperts SAS
- Inpher, Inc.
- ShieldIO, Inc.
- ZAMA
- Microsoft Corporation
- Netskope, Inc.
- Thales Group
- IBM Corporation
- Google LLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The homomorphic encryption market is led by BFSI segment with highest share and is expected to dominate in the forecast period. With homomorphic encryption technology, bank management can generate a detailed report without compromising the privacy of the customers’ data. Due to the various benefits of this technology, various financial institutes around the world are using it.
The growth of the browser isolation software market is primarily attributed to the rise in the number of cyberattacks and data breaches. Moreover, the demand for security solutions in SMEs has increased significantly, thereby substantially driving the homomorphic encryption market.
With to the emergence of cloud computing, the on-premises networking is phasing out. Owing to numerous benefits of cloud computing such as cost, flexibility, scalability, mobility, disaster recovery & loss prevention coupled with decreasing cost of cloud computing, organizations are rapidly adopting cloud computing. However, mitigating database over the cloud has been always been a matter of concern. Although, encrypting data is considered a viable option but still exposed to risk while computing, as the data has to be decrypted first. Homomorphic encryption enables organizations to compute the data while always keeping the data encrypted. It allows users to run complex and large calculations without compromising the data security. Owing to increase in deployment of cloud computation across the globe and need for secure cloud computing, the homomorphic encryption market is projected to witness significant growth opportunities over the coming years.
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. Homomorphic Encryption Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Homomorphic Encryption Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Need for Data Security
5.1.2 Emergence of Data Analytics
5.2 Market Restraints
5.2.1 Complexities of Homomorphic Encryption Systems
5.3 Market Opportunities
5.3.1 Growing Deployment of Cloud Computing
5.4 Future Trends
5.4.1 Integration with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Homomorphic Encryption– Global Market Analysis
6.1 Homomorphic Encryption: Global Overview
6.2 Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
6.3 Market Positioning – Global Market Players Ranking
7. Homomorphic Encryption Market Analysis – By Type
7.1.1 Overview
7.1.2 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. Homomorphic Encryption Market Analysis – By Application
8.1.1 Overview
8.1.2 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. Homomorphic Encryption Market – Geographic Analysis
9.1 Overview
9.2 North America: Homomorphic Encryption Market
9.2.1 North America: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Homomorphic Encryption Market, by Type
9.2.3 North America: Homomorphic Encryption Market, by Application
9.2.4 North America: Homomorphic Encryption Market, by Key Country
9.2.4.1 US: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Homomorphic Encryption Market, by Type
9.2.4.1.2 US: Homomorphic Encryption Market, by Application
9.2.4.2 Canada: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Homomorphic Encryption Market, by Type
9.2.4.2.2 Canada: Homomorphic Encryption Market, by Application
9.2.4.3 Mexico: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Homomorphic Encryption Market, by Type
9.2.4.3.2 Mexico: Homomorphic Encryption Market, by Application
9.3 Europe: Homomorphic Encryption Market
9.3.1 Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Homomorphic Encryption Market, by Type
9.3.3 Europe: Homomorphic Encryption Market, by Application
9.3.4 Europe: Homomorphic Encryption Market, by Key Country
9.3.4.1 Germany: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Homomorphic Encryption Market, by Type
9.3.4.1.2 Germany: Homomorphic Encryption Market, by Application
9.3.4.2 France: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Homomorphic Encryption Market, by Type
9.3.4.2.2 France: Homomorphic Encryption Market, by Application
9.3.4.3 Italy: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Homomorphic Encryption Market, by Type
9.3.4.3.2 Italy: Homomorphic Encryption Market, by Application
9.3.4.4 UK: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Homomorphic Encryption Market, by Type
9.3.4.4.2 UK: Homomorphic Encryption Market, by Application
9.3.4.5 Russia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Homomorphic Encryption Market, by Type
9.3.4.5.2 Russia: Homomorphic Encryption Market, by Application
9.3.4.6 Rest of Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Homomorphic Encryption Market, by Type
9.3.4.6.2 Rest of Europe: Homomorphic Encryption Market, by Application
9.4 APAC: Homomorphic Encryption Market
9.4.1 APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Homomorphic Encryption Market, by Type
9.4.3 APAC: Homomorphic Encryption Market, by Application
9.4.4 APAC: Homomorphic Encryption Market, by Key Country
9.4.4.1 China: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Homomorphic Encryption Market, by Type
9.4.4.1.2 China: Homomorphic Encryption Market, by Application
9.4.4.2 India: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 India: Homomorphic Encryption Market, by Type
9.4.4.2.2 India: Homomorphic Encryption Market, by Application
9.4.4.3 Japan: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 Japan: Homomorphic Encryption Market, by Type
9.4.4.3.2 Japan: Homomorphic Encryption Market, by Application
9.4.4.4 South Korea: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 South Korea: Homomorphic Encryption Market, by Type
9.4.4.4.2 South Korea: Homomorphic Encryption Market, by Application
9.4.4.5 Australia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 Australia: Homomorphic Encryption Market, by Type
9.4.4.5.2 Australia: Homomorphic Encryption Market, by Application
9.4.4.6 Rest of APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Homomorphic Encryption Market, by Type
9.4.4.6.2 Rest of APAC: Homomorphic Encryption Market, by Application
9.5 MEA: Homomorphic Encryption Market
9.5.1 MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Homomorphic Encryption Market, by Type
9.5.3 MEA: Homomorphic Encryption Market, by Application
9.5.4 MEA: Homomorphic Encryption Market, by Key Country
9.5.4.1 South Africa: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Homomorphic Encryption Market, by Type
9.5.4.1.2 South Africa: Homomorphic Encryption Market, by Application
9.5.4.2 Saudi Arabia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Homomorphic Encryption Market, by Type
9.5.4.2.2 Saudi Arabia: Homomorphic Encryption Market, by Application
9.5.4.3 UAE: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Homomorphic Encryption Market, by Type
9.5.4.3.2 UAE: Homomorphic Encryption Market, by Application
9.5.4.4 Rest of MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Homomorphic Encryption Market, by Type
9.5.4.4.2 Rest of MEA: Homomorphic Encryption Market, by Application
9.6 SAM: Homomorphic Encryption Market
9.6.1 SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Homomorphic Encryption Market, by Type
9.6.3 SAM: Homomorphic Encryption Market, by Application
9.6.4 SAM: Homomorphic Encryption Market, by Key Country
9.6.4.1 Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Homomorphic Encryption Market, by Type
9.6.4.1.2 Brazil: Homomorphic Encryption Market, by Application
9.6.4.2 Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Homomorphic Encryption Market, by Type
9.6.4.2.2 Argentina: Homomorphic Encryption Market, by Application
9.6.4.3 Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Homomorphic Encryption Market, by Type
9.6.4.3.2 Rest of SAM: Homomorphic Encryption Market, by Application
10. Impact of COVID-19 Pandemic On Global Homomorphic Encryption Market
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 MEA: Impact Assessment of COVID-19 Pandemic
10.1.5 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Cosmian
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 CryptoExperts SAS
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 Inpher, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ShieldIO, Inc.
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 ZAMA
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 Microsoft Corporation
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
12.7 Netskope, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Thales Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IBM Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Google LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Homomorphic Encryption Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. North America: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 14. France: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. France: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 16. Italy: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 17. Italy: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 18. UK: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 19. UK: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 26. China: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 27. China: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 28. India: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 29. India: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 30. Japan: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 31. Japan: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 32. South Korea: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 33. South Korea: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 34. Australia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 35. Australia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 38. Middle East and Africa Homomorphic Encryption, by Type – Revenue and Forecast to 2027 (USD Million)
Table 39. MEA: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. South Africa: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 41. South Africa: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 42. Saudi Arabia: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 44. UAE: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 45. UAE: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM: Homomorphic Encryption Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Homomorphic Encryption Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 56. Glossary of Term: Homomorphic Encryption Market
LIST OF FIGURES
Figure 1. Homomorphic Encryption Market Segmentation
Figure 2. Homomorphic encryption Market Segmentation – By Geography
Figure 3. Global Homomorphic Encryption Market Overview
Figure 4. Global Homomorphic Encryption Market –Type
Figure 5. Global Homomorphic Encryption Market – Application
Figure 6. Global Homomorphic Encryption Market – Region
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia Pacific – PEST Analysis
Figure 10. Middle East & Africa – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Homomorphic Encryption Market – Ecosystem Analysis
Figure 13. Homomorphic Encryption Market: Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Homomorphic Encryption Market
Figure 15. Global: Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
Figure 16. Homomorphic Encryption Market Breakdown, by Type (2019 and 2027)
Figure 17. Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 20. Homomorphic Encryption Market Breakdown, by Application (2019 and 2027)
Figure 21. BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 22. Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 23. Government: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 24. Others: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 25. Homomorphic Encryption Market Revenue Share, By Region (2019 and 2027)
Figure 26. North America: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. North America: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)
Figure 28. North America: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)
Figure 29. North America: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)
Figure 30. US: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Canada: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Mexico: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Europe: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)
Figure 35. Europe: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)
Figure 36. Germany: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. France: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Italy: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. UK: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Russia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Rest of Europe: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. APAC: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)
Figure 44. APAC: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)
Figure 45. APAC: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)
Figure 46. China: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. India: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. Japan: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. South Korea: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Australia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Rest of APAC: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. MEA: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)
Figure 54. MEA: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)
Figure 55. MEA: Homomorphic Encryption Market Revenue Share, By Key Country (2019 and 2027)
Figure 56. South Africa: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. Saudi Arabia: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. UAE: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. Rest of MEA: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. SAM: Homomorphic Encryption Market Revenue Share, by Type (2019 and 2027)
Figure 62. SAM: Homomorphic Encryption Market Revenue Share, By Application (2019 and 2027)
Figure 63. SAM: Homomorphic Encryption Market Revenue Share, by Key Country (2019 and 2027)
Figure 64. Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in MEA Markets
Figure 71. Impact of COVID-19 Pandemic in SAM Market
The List of Companies - Homomorphic Encryption Market
- Cosmian
- CryptoExperts SAS
- Google LLC
- IBM Corporation
- Inpher, Inc.
- Microsoft Corporation
- Netskope, Inc.
- ShieldIO, Inc.
- Thales Group
- ZAMA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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