The Market Reports

Synopsis

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.

The global Homomorphic Encryption market size is expected to reach US$ 530.3 million by 2029, growing at a CAGR of 19.5% from 2023 to 2029. The market is mainly driven by the significant applications of Homomorphic Encryption in various end use industries.

The expanding demands from the Government, Finance and Insurance, Health Care and Industry, are propelling Homomorphic Encryption market. Partially Homomorphism, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Fully Homomorphism segment is estimated at % CAGR for the next seven-year period.

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.

Report Objectives

This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Homomorphic Encryption, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Homomorphic Encryption market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Homomorphic Encryption market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Homomorphic Encryption sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Homomorphic Encryption covered in this report include Microsoft, IBM Corporation, Galois, CryptoExperts, Enveil, Duality Technologies, ShieldIO and Huawei, etc.

The global Homomorphic Encryption market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

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

Global Homomorphic Encryption market, by region:

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, etc.)
• Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
• South America (Brazil, etc.)
• Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Homomorphic Encryption market, Segment by Type:

• Partially Homomorphism
• Fully Homomorphism

Global Homomorphic Encryption market, by Application

• Government
• Finance and Insurance
• Health Care
• Industry
• Others

Core Chapters

Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Homomorphic Encryption companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion