Homomorphic Encryption Market Overview

Global Homomorphic Encryption Market was valued at USD 167.01 million in 2021 and is expected to reach USD 278.52 million by the year 2028, at a CAGR of 7.58%.

Homomorphic encryption works by converting data into ciphertext, ensuring that it never loses its originality during processing or transmission. It enables complex calculations on encrypted data without jeopardizing the security of the data. This technology is expected to play a major role in the cloud industry, as changes are already being made. Homomorphic encryption allows businesses to exchange and compute data while keeping important and confidential information secure. As a result, the homomorphic encryption market is expected to be driven by the growing importance of data analytics and increased alliances and partnerships by organizations for product creation and research around the globe. On-premises networking is being phased out due to the rise of cloud computing.

homomorphic encryption are increasingly embracing cloud computing due to various benefits such as cost, flexibility, scalability, mobility, disaster recovery, and loss prevention, as well as the cost of cloud computing. Database security in the cloud has always been a problem. While encrypting data is a viable choice, it still poses a danger when computing since the data must first be decrypted. Organizations can use homomorphic encryption to compute data while keeping it encrypted at all times. It enables users to perform complex and large calculations without jeopardizing the security of their data.

Impact of COVID-19 Pandemic on Homomorphic Encryption Market

B2C e-commerce revenues in both countries are expected to rise exponentially in the coming years, owing to an increase in online shopping activity during the COVID-19 outbreak in the United States and Canada. North America is a pioneer in new technology adoption and has a high degree of emerging technology penetration. The COVID-19 epidemic has had a significant effect on the industry since it has increased the importance of homomorphic encryption for business data transmission.

Homomorphic Encryption : Key Market Dynamics

Artificial intelligence (AI) and machine learning (ML) are expected to grow in popularity in the coming years as the computational capabilities of systems improve and the amount of data generated grows. In order to formulate findings and assumptions, artificial intelligence and machine learning require a large amount of data. In order to process the data needed by AI and ML, it must first be decrypted. With growing concerns about data privacy and data breaches, as well as increased government efforts to secure customer data, homomorphic encryption technology is expected to play an increasingly important role.

The growth of the homomorphic encryption market is expected to be aided by the growing use of smartphones and mobility solutions. Mobile cloud computing provides an infrastructure that allows data storage and processing to take place outside of the computer. Increased use of mobile cloud apps and digital transmission will also help homomorphic encryption gain market share.

The expanding healthcare, government, and manufacturing industries are also boosting the homomorphic encryption market size. These businesses profit from disposable income, rising healthcare expenditure, and government data security initiatives. Several studies are underway to see if homomorphic encryption technology can be used to enhance the security and accountability of democratic elections. For example, the homomorphic encryption scheme can be used for voting-related applications because it allows users to add up different values in an impartial manner while keeping their values secret. Homomorphic encryption technology will protect data from abuse and allow certified third parties to independently verify it.

Market Segmentation

The market is growing due to factors such as an increase in the number of small and medium-sized companies and the increased use of homomorphic encryption technology.

Increasing Requirement For Data Security Drives The Market Growth

The rise in the number of homomorphic encryption around the world has become a major source of concern for businesses. The risk of data vulnerability has risen rapidly as the bulk of digital data is transmitted over the Internet and advanced networks. The government, financial services, and IT industries are only a few of the industries that are vulnerable to cyber-attacks. homomorphic encryption industries listed above face significant data protection and vulnerability challenges because they often store, migrate, transfer, and outsource their user data to open source platforms. As a result, homomorphic encryption is gaining popularity in various industries to reduce risk related to data protection when at rest, transmitting, or computing.

Players Covered in Homomorphic Encryption Market are :

• Microsoft (U.S.)
• IBM Corporation (U.S.)
• Galois Inc (U.S.)
• CryptoExperts (France)
• Thales Group
• Google LLC
• Inpher, Inc
• Shieldo, Inc.
• Cosmian
• ZAMA and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Homomorphic Encryption Market by Type
 4.1 Homomorphic Encryption Market Overview Snapshot and Growth Engine
 4.2 Homomorphic Encryption Market Overview
 4.3 Partially Homomorphism
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Partially Homomorphism: Grographic Segmentation
 4.4 Somewhat Homomorphism
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Somewhat Homomorphism: Grographic Segmentation
 4.5 Fully Homomorphism
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Fully Homomorphism: Grographic Segmentation

Chapter 5: Homomorphic Encryption Market by Application
 5.1 Homomorphic Encryption Market Overview Snapshot and Growth Engine
 5.2 Homomorphic Encryption Market Overview
 5.3 Industrial
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Industrial: Grographic Segmentation
 5.4 Government
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Government: Grographic Segmentation
 5.5 Financial & Insurance
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Financial & Insurance: Grographic Segmentation
 5.6 Health Care
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Health Care: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Homomorphic Encryption Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Homomorphic Encryption Industry Concentration Ratio (CR5 and HHI)
  6.1.6 Top 5 Homomorphic Encryption Players Market Share
  6.1.7 Mergers and Acquisitions
  6.1.8 Business Strategies By Top Players
 6.2 MICROSOFT (U.S.)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Operating Business Segments
  6.2.5 Product Portfolio
  6.2.6 Business Performance
  6.2.7 Key Strategic Moves and Recent Developments
  6.2.8 SWOT Analysis
 6.3 IBM CORPORATION (U.S.)
 6.4 GALOIS INC (U.S.)
 6.5 CRYPTOEXPERTS (FRANCE)
 6.6 THALES GROUP
 6.7 GOOGLE LLC
 6.8 INPHER
 6.9 INC
 6.10 SHIELDO
 6.11 INC.
 6.12 COSMIAN
 6.13 ZAMA

Chapter 7: Global Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 7.1 Market Overview
 7.2 Historic and Forecasted Market Size By Type
  7.2.1 Partially Homomorphism
  7.2.2 Somewhat Homomorphism
  7.2.3 Fully Homomorphism
 7.3 Historic and Forecasted Market Size By Application
  7.3.1 Industrial
  7.3.2 Government
  7.3.3 Financial & Insurance
  7.3.4 Health Care
  7.3.5 Others

Chapter 8: North America Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 8.1 Key Market Trends, Growth Factors and Opportunities
 8.2 Impact of Covid-19
 8.3 Key Players
 8.4 Key Market Trends, Growth Factors and Opportunities
 8.4 Historic and Forecasted Market Size By Type
  8.4.1 Partially Homomorphism
  8.4.2 Somewhat Homomorphism
  8.4.3 Fully Homomorphism
 8.5 Historic and Forecasted Market Size By Application
  8.5.1 Industrial
  8.5.2 Government
  8.5.3 Financial & Insurance
  8.5.4 Health Care
  8.5.5 Others
 8.6 Historic and Forecast Market Size by Country
  8.6.1 U.S.
  8.6.2 Canada
  8.6.3 Mexico

Chapter 9: Europe Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Partially Homomorphism
  9.4.2 Somewhat Homomorphism
  9.4.3 Fully Homomorphism
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Industrial
  9.5.2 Government
  9.5.3 Financial & Insurance
  9.5.4 Health Care
  9.5.5 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 Germany
  9.6.2 U.K.
  9.6.3 France
  9.6.4 Italy
  9.6.5 Russia
  9.6.6 Spain

Chapter 10: Asia-Pacific Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Partially Homomorphism
  10.4.2 Somewhat Homomorphism
  10.4.3 Fully Homomorphism
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Industrial
  10.5.2 Government
  10.5.3 Financial & Insurance
  10.5.4 Health Care
  10.5.5 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 China
  10.6.2 India
  10.6.3 Japan
  10.6.4 Southeast Asia

Chapter 11: South America Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Partially Homomorphism
  11.4.2 Somewhat Homomorphism
  11.4.3 Fully Homomorphism
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Industrial
  11.5.2 Government
  11.5.3 Financial & Insurance
  11.5.4 Health Care
  11.5.5 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 Brazil
  11.6.2 Argentina

Chapter 12: Middle East & Africa Homomorphic Encryption Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Partially Homomorphism
  12.4.2 Somewhat Homomorphism
  12.4.3 Fully Homomorphism
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Industrial
  12.5.2 Government
  12.5.3 Financial & Insurance
  12.5.4 Health Care
  12.5.5 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Saudi Arabia
  12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HOMOMORPHIC ENCRYPTION MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HOMOMORPHIC ENCRYPTION MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HOMOMORPHIC ENCRYPTION MARKET COMPETITIVE RIVALRY
TABLE 005. HOMOMORPHIC ENCRYPTION MARKET THREAT OF NEW ENTRANTS
TABLE 006. HOMOMORPHIC ENCRYPTION MARKET THREAT OF SUBSTITUTES
TABLE 007. HOMOMORPHIC ENCRYPTION MARKET BY TYPE
TABLE 008. PARTIALLY HOMOMORPHISM MARKET OVERVIEW (2016-2028)
TABLE 009. SOMEWHAT HOMOMORPHISM MARKET OVERVIEW (2016-2028)
TABLE 010. FULLY HOMOMORPHISM MARKET OVERVIEW (2016-2028)
TABLE 011. HOMOMORPHIC ENCRYPTION MARKET BY APPLICATION
TABLE 012. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 013. GOVERNMENT MARKET OVERVIEW (2016-2028)
TABLE 014. FINANCIAL & INSURANCE MARKET OVERVIEW (2016-2028)
TABLE 015. HEALTH CARE MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA HOMOMORPHIC ENCRYPTION MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION (2016-2028)
TABLE 019. N HOMOMORPHIC ENCRYPTION MARKET, BY COUNTRY (2016-2028)
TABLE 020. EUROPE HOMOMORPHIC ENCRYPTION MARKET, BY TYPE (2016-2028)
TABLE 021. EUROPE HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION (2016-2028)
TABLE 022. HOMOMORPHIC ENCRYPTION MARKET, BY COUNTRY (2016-2028)
TABLE 023. ASIA PACIFIC HOMOMORPHIC ENCRYPTION MARKET, BY TYPE (2016-2028)
TABLE 024. ASIA PACIFIC HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION (2016-2028)
TABLE 025. HOMOMORPHIC ENCRYPTION MARKET, BY COUNTRY (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA HOMOMORPHIC ENCRYPTION MARKET, BY TYPE (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION (2016-2028)
TABLE 028. HOMOMORPHIC ENCRYPTION MARKET, BY COUNTRY (2016-2028)
TABLE 029. SOUTH AMERICA HOMOMORPHIC ENCRYPTION MARKET, BY TYPE (2016-2028)
TABLE 030. SOUTH AMERICA HOMOMORPHIC ENCRYPTION MARKET, BY APPLICATION (2016-2028)
TABLE 031. HOMOMORPHIC ENCRYPTION MARKET, BY COUNTRY (2016-2028)
TABLE 032. MICROSOFT (U.S.): SNAPSHOT
TABLE 033. MICROSOFT (U.S.): BUSINESS PERFORMANCE
TABLE 034. MICROSOFT (U.S.): PRODUCT PORTFOLIO
TABLE 035. MICROSOFT (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. IBM CORPORATION (U.S.): SNAPSHOT
TABLE 036. IBM CORPORATION (U.S.): BUSINESS PERFORMANCE
TABLE 037. IBM CORPORATION (U.S.): PRODUCT PORTFOLIO
TABLE 038. IBM CORPORATION (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. GALOIS INC (U.S.): SNAPSHOT
TABLE 039. GALOIS INC (U.S.): BUSINESS PERFORMANCE
TABLE 040. GALOIS INC (U.S.): PRODUCT PORTFOLIO
TABLE 041. GALOIS INC (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. CRYPTOEXPERTS (FRANCE): SNAPSHOT
TABLE 042. CRYPTOEXPERTS (FRANCE): BUSINESS PERFORMANCE
TABLE 043. CRYPTOEXPERTS (FRANCE): PRODUCT PORTFOLIO
TABLE 044. CRYPTOEXPERTS (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. THALES GROUP: SNAPSHOT
TABLE 045. THALES GROUP: BUSINESS PERFORMANCE
TABLE 046. THALES GROUP: PRODUCT PORTFOLIO
TABLE 047. THALES GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. GOOGLE LLC: SNAPSHOT
TABLE 048. GOOGLE LLC: BUSINESS PERFORMANCE
TABLE 049. GOOGLE LLC: PRODUCT PORTFOLIO
TABLE 050. GOOGLE LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. INPHER: SNAPSHOT
TABLE 051. INPHER: BUSINESS PERFORMANCE
TABLE 052. INPHER: PRODUCT PORTFOLIO
TABLE 053. INPHER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. INC: SNAPSHOT
TABLE 054. INC: BUSINESS PERFORMANCE
TABLE 055. INC: PRODUCT PORTFOLIO
TABLE 056. INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. SHIELDO: SNAPSHOT
TABLE 057. SHIELDO: BUSINESS PERFORMANCE
TABLE 058. SHIELDO: PRODUCT PORTFOLIO
TABLE 059. SHIELDO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. INC.: SNAPSHOT
TABLE 060. INC.: BUSINESS PERFORMANCE
TABLE 061. INC.: PRODUCT PORTFOLIO
TABLE 062. INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. COSMIAN: SNAPSHOT
TABLE 063. COSMIAN: BUSINESS PERFORMANCE
TABLE 064. COSMIAN: PRODUCT PORTFOLIO
TABLE 065. COSMIAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. ZAMA: SNAPSHOT
TABLE 066. ZAMA: BUSINESS PERFORMANCE
TABLE 067. ZAMA: PRODUCT PORTFOLIO
TABLE 068. ZAMA: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY TYPE
FIGURE 012. PARTIALLY HOMOMORPHISM MARKET OVERVIEW (2016-2028)
FIGURE 013. SOMEWHAT HOMOMORPHISM MARKET OVERVIEW (2016-2028)
FIGURE 014. FULLY HOMOMORPHISM MARKET OVERVIEW (2016-2028)
FIGURE 015. HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY APPLICATION
FIGURE 016. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. GOVERNMENT MARKET OVERVIEW (2016-2028)
FIGURE 018. FINANCIAL & INSURANCE MARKET OVERVIEW (2016-2028)
FIGURE 019. HEALTH CARE MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA HOMOMORPHIC ENCRYPTION MARKET OVERVIEW BY COUNTRY (2016-2028)