Press release
Homomorphic Encryption Market 2018 Global Leaders Overview: Galois, Microsoft, Gemalto, CryptoExperts, Oracle Corporation, IBM Corporation
Homomorphic Encryption Global Market - Overview
The growing cloud based services in SME’s and large enterprises across the global in the space of networking and communication is making its presence across various industrial sectors. Cloud services provides many benefits such as cost efficiency and unlimited storage, yet a secure data transaction across servers and end devices has always been a matter of concern for most of the enterprises operating in information and technology space. Homomorphic encryption engages the notion of data conversion into cipher text so that it by no means loses its authentication throughout any sort of data analysis or transmission. Even though, mobile cloud applications fuel the computing power and data storage away from mobile phones and into the cloud. However, the major factor of security concern in the mobile and internet technology is the sharing of information across open space and third party forums. Hence, secure encryption of data tend to be significant factor, boosting the growth of Homomorphic Encryption Market.
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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.
Homomorphic Encryption Global Market - Segmentation
• Segmentation by Type: Fully, additive, partial, multiplicative.
• Segmentation by Application: Banking and finance, healthcare, government, industrial.
• Segmentation by Region: North America, Europe, Asia Pacific, rest of the world.
Market Research Future Analysis
The geographical analysis of homomorphic encryption market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these, the North American region accounted for the largest market share majorly from the countries like the U.S. and Canada. The reason for such growth is credited to increasing consumption of smartphones and internet, increasing investment in private sector, higher exports and increasing number of small and medium enterprises.
Europe is growing at a stable rate over the forecast period, majorly due to the increasing security concerns, high adoption of Homomorphic encryption solutions, and rapid industrialization. Additionally, the high investment in the cloud services is expected to boost the market over the forecast period. However, Europe is hit by several factors such as lack of up-gradation and complexity are restraining the market growth. Countries such as the U.K and Germany accounted for the largest market share in this region being a hub for financial services and high investment in infrastructure.
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Intended Audience
• Manufacturing Companies
• Software Developers
• Technology Providers
• Distributors
• Research firms
• Consultancy firms
• Stakeholders
• End-user sectors
• Technology Investors
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