Press release
Homomorphic Encryption Market Will Exhibit an Impressive Expansion by 2024-2031
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Furthermore, funding, investment, and collaborative strategies adopted by key players such as IBM Corp, Intel Inc., Microsoft, and others drive the market growth. For instance, in April 2021, Nasdaq developed new extensions of the 3rd generation Intel Xeon Scalable processor's instruction architecture to significantly accelerate the homomorphic encryption applications. Nasdaq expects to achieve 100x performance gains in 2021 based on a joint research and innovation initiative with Intel. The proofs of concept carried out by Nasdaq are testing the fully homomorphic encryption in the fight against financial crimes, particularly money laundering and fraud detection, using proprietary data while complying with privacy laws. Moreover, in October 2021, Cornami completed an early close to its currently over-subscribed $50M Series C financing led by SoftBank Vision Fund 2 to bring Fully Homomorphic Encryption (FHE) to market. With the advent of FHE in cloud-computing security it allows for extracting valuable data analytics without ever decrypting the data to expose the underlying plaintext data, whether it is sensitive intellectual property (IP), financial information, personally identifiable information (PII), intelligence insight, or beyond. FHE is a significant and critical technology to enable security across the enterprise, industry, fintech, healthcare, academia, and government markets.
Global Homomorphic Encryption Market Report Segment
By Component
Solution
Services
By Type
Partially Homomorphic Encryption
Somewhat Homomorphic Encryption
Fully Homomorphic Encryption
By Application
Secure Data Computation
Data Privacy
Data Monetization
Regulatory Compliance
By End User
BFSI
IT and Telecom
Health Care
Government
Educational Institutes
Others (Manufacturing, Energy and Utilities)
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Homomorphic Encryption Market Report Segment by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
Company Profiles
Apple Inc.
Cornami, Inc.
Cosmian Tech
CryptoExperts SAS
Desilo
Duality Technologies Inc.
Enveil, Inc.
Inpher
Netskope Inc.
Nvidia Corp.
ShieldI
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Company Name: Orion Market Research
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