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Homomorphic Encryption Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

11-24-2023 07:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Homomorphic Encryption (HE, homomorphic encryption) is a special encryption mode in cryptography. Homomorphic Encryption allows users to send the encrypted cipher text to any third party for calculation, and does not need to be decrypted before calculation. Calculate on the cipher text. Although the concept of homomorphic encryption first appeared 30 years ago, the first fully homomorphic encryption framework that supports arbitrary operations on cipher text appeared late, and was proposed by Craig Gentry in 2009.
Homomorphic Encryption is a form of encryption that allows an encrypted file to be calculated to generate an encrypted result that matches the result of the operation performed on the plaintext after decryption. The purpose of Homomorphic Encryption is to allow calculations on encrypted data.

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Market Analysis and Insights: Global Homomorphic Encryption Market

The Homomorphic Encryption is mainly classified into the following types: Partially Homomorphism and Fully Homomorphism. And Fully Homomorphism is the most widely used type which took up about 92% of the global in 2019.
Homomorphic Encryption is mainly used in Government, Financial & Insurance, Health Care, Industrial and Others. And Financial & Insurance is the most widely used area which took up about 30% of the global in 2019.
North America is the largest countries of Homomorphic Encryption in the world in the past few years and it will keep increasing in the next few years. North America market took up about 68% the global market in 2019, while Europe and Asia-Pacific were about 15%, 12%.

Market barriers of Homomorphic Encryption are high, the main players are Microsoft, IBM, Galois and CryptoExperts, Enveil, Duality Technologies, ShieldIO, HUAWEI among those, IBM mastered the most advanced technology, Microsoft made great progress in the healthcare and biotechnology area; Galois got strong support from DARPA; CryptoExperts, Enveil, Duality Technologies, ShieldIO, HUAWEI are young start-up companies with a huge future, and now, they are cooperating to standardize homomorphic encryption.

Global Homomorphic Encryption Scope and Market Size
The global Homomorphic Encryption market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Homomorphic Encryption market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.

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Segment by Type
• Partially Homomorphism
• Fully Homomorphism

Segment by Application
• Government
• Finance and Insurance
• Health Care
• Industry
• Others

BY COMPANY
• Microsoft
• IBM Corporation
• Galois
• CryptoExperts
• Enveil
• Duality Technologies
• ShieldIO
• Huawei

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