Press release
Homomorphic Encryption Market 2019: Potential Growth, Attractive Valuation | Top Players: Gemalto (The Netherlands), Oracle Corporation (U.S.), Microsoft Corporation.and more…
Global Homomorphic Encryption Market: The homomorphic encryption is a security form of encryption process which facilitates the execution of computations via cipher text to generate an encrypted output. It aids to manage the data to have authorized access without compromising the data. Homomorphic encryption is extensively used for valuable data security. Data encryption transforms data into a form or a code so that it is only accessible to people who have the password.Homomorphic encryption secures the data and improves the privacy during data transmission. For instance, in the Banking sector, the total account value is encoded for a customer using a private key, and the data can be decoded only by using a password. Similarly, the privacy of data via homomorphic encryption can also implemented in the voting system for a secured transmission of data.
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The integration of cloud computing with the encryption process has a lot of advantages such as low cost, easy maintenance, and re-provisioning of resources. Also, industries such as banking & finance, healthcare, manufacturing among others are providing a huge amount of investment to secure their data on cloud. Therefore, the growing investment in cloud-based industries is propelling the homomorphic encryption market across the world. On the other hand, exposure to malware is a major risk for the homomorphic encryption, for which additional security is often added on to the encryption. For instance, during elections, in case of e-voting, the data is safeguarded with additive homomorphic encryption.
Key Players:
The Key Players in the Homomorphic Encryption Market includes Gemalto (The Netherlands), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Galois Incorporation (U.S.), CryptoExperts (France.), Netskope AND others
Global Homomorphic Encryption Market Analysis & Forecast, from 2016 to 2027
• To provide detailed analysis of the Homomorphic Encryption Market structure along with forecast of the various segments and sub-segments of the homomorphic encryption market
• To provide insights about factors affecting the market growth
• To analyze the homomorphic encryption market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment on the basis of energy sources and application.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
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Key Findings
• The global Homomorphic Encryption market is expected to reach approximately USD 270 million by 2027.
• By type, fully homomorphic encryption segment market accounts for the largest market share and is growing with 8.49% CAGR during forecast period.
• By application, banking and finance sub-segment holds the largest market share and is growing with 8.67% CAGR during the forecast period.
• Geographically, North America region has been projected to hold the largest market share in global homomorphic encryption market followed by Europe region, while Asia Pacific has emerged as fastest growing market during forecast period
Regional and Country Analysis of Homomorphic Encryption Market Estimation and Forecast:
The homomorphic encryption market is growing with a positive growth in all the regions. Increased adoption and advancements in technology associated with the government support to enhance the security system are driving the market on a global scale. On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is dominating the global Homomorphic Encryption market share, owing to a constant growth rate, improved medical facilities, surging private sector investments, high exports and rising number of small and medium scale enterprises.
View Compete Report of Homomorphic Encryption Market with TOC and Market Players:
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