Outlook on the Homomorphic Encryption Global Market to 2027 – by Type, Application & Geography – PRNewswire

DUBLIN, Feb. 2, 2021 /PRNewswire/ -- The "Homomorphic Encryption Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Partially, Somewhat, and Fully) and Application (BFSI, Healthcare, Government, and Others)" report has been added to ResearchAndMarkets.com's offering.

According to this report the global homomorphic encryption market was valued at US$ 120.12 million in 2019 and is projected to reach US$ 246.29 million by 2027; it is expected to grow at a CAGR of 9.7% from 2020 to 2027.

Increase in number of cyber attacks across the globe has become a vital concern for organizations. As most digital data is shifted through the Internet and advanced networks, the danger of data vulnerability has increased rapidly. The government, financial services, and IT sector are some of the prominent industries vulnerable to cyber threats. The industries mentioned above face tough challenges concerning their data security and vulnerability as they have to deal with storing, migrating, shifting, and outsourcing their user data on open source platforms many times. Therefore, in order to mitigate risk regarding data security while at rest, transmitting, or computing, the homomorphic encryption is gaining traction in various industries.

The utilization of homomorphic encryption technology is enabling organizations to maintain a robust standard of data security without compromising business operations or application functions. Moreover, owing to increasing concerns over the collection, misuse, transfer, or handling of data by businesses and institutions, the governments across the globe are strongly emphasizing on consumer data protection, which is further propelling the adoption of homomorphic encryption technology. Thus, growing concern over data security and increasing need for consumer data protection across the globe are expected to propel the homomorphic encryption market during the forecast period.

Geographically, North America held the largest share of the homomorphic encryption market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The browser isolation software market is segmented into type, application, and geography. Based on type, the market is further categorized into partially, somewhat, and fully. The fully segment represented the largest share of the overall market during the forecast period. Based on application, the market is further segmented into BFSI, healthcare, government, and others. In 2019, thesis segment accounted for a substantial share of the global homomorphic encryption market.

Impact of COVID-19 Pandemic on Homomorphic Encryption Market

The COVID-19 epidemic is changing the functioning of businesses worldwide. To lower the spread of Coronavirus, companies and government have adopted remote working culture, which drives the digitalization in the global market. The worldwide business data ecosystem has proven strong in the face of the epidemic. The businesses, hospitals, and other government services started to adopt digital platforms having assured security features. Nevertheless, the financial industry services are adopting advanced encryption technologies to offer customer secured e-services. The digitalization projects witnessed declined growth at the start of pandemic owing to financial restriction; however, after the lockdowns, their importance has been increased at a significant rate. Data transactions are evolved in enormous quality which has been creating demand for the encryption services.

Cosmian; Cryptoexperts SAS; Inpher, Inc.; Shieldo, Inc.; Zama, Microsoft Corporation; Netskope, Inc.; Thales Group; IBM Corporation; and Google LLC are among major companies operating in the homomorphic encryption market.

Reasons to Buy:

Key Topics Covered:

1. Introduction1.1 Study Scope1.2 Report Guidance1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research

4. Homomorphic Encryption Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America4.2.2 Europe4.2.3 Asia Pacific4.2.4 Middle East & Africa4.2.5 South America4.3 Ecosystem Analysis4.4 Expert Opinion

5. Homomorphic Encryption Market - Key Market Dynamics5.1 Market Drivers5.1.1 Rising Need for Data Security5.1.2 Emergence of Data Analytics5.2 Market Restraints5.2.1 Complexities of Homomorphic Encryption Systems5.3 Market Opportunities5.3.1 Growing Deployment of Cloud Computing5.4 Future Trends5.4.1 Integration with Advanced Technologies5.5 Impact Analysis of Drivers and Restraints

6. Homomorphic Encryption - Global Market Analysis6.1 Homomorphic Encryption: Global Overview6.2 Homomorphic Encryption Market - Revenue and Forecast to 2027 (USD Million)6.3 Market Positioning - Global Market Players Ranking

7. Homomorphic Encryption Market Analysis - By Type7.1.1 Overview7.1.2 Homomorphic Encryption Market Breakdown, by Type, 2019 & 20277.2 Fully7.2.1 Overview7.2.2 Fully: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)7.3 Somewhat7.3.1 Overview7.3.2 Somewhat: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)7.4 Partially7.4.1 Overview7.4.2 Partially: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)

8. Homomorphic Encryption Market Analysis - By Application8.1.1 Overview8.1.2 Homomorphic Encryption Market Breakdown, by Application, 2019 & 20278.2 BFSI8.2.1 Overview8.2.2 BFSI: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)8.3 Healthcare8.3.1 Overview8.3.2 Healthcare: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)8.4 Government8.4.1 Overview8.4.2 Government: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)8.5 Others8.5.1 Overview8.5.2 Others: Homomorphic Encryption Market - Revenue and Forecast to 2027 (US$ Million)

9. Homomorphic Encryption Market - Geographic Analysis9.1 Overview9.2 North America: Homomorphic Encryption Market9.3 Europe: Homomorphic Encryption Market9.4 APAC: Homomorphic Encryption Market9.5 MEA: Homomorphic Encryption Market9.6 SAM: Homomorphic Encryption Market

10. Impact of COVID-19 Pandemic On Global Homomorphic Encryption Market10.1 Overview10.1.1 North America: Impact Assessment of COVID-19 Pandemic10.1.2 Europe: Impact Assessment of COVID-19 Pandemic10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic10.1.4 MEA: Impact Assessment of COVID-19 Pandemic10.1.5 SAM: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape11.1 Overview11.2 Market Initiative

12. Company Profiles12.1 Cosmian12.1.1 Key Facts12.1.2 Business Description12.1.3 Products and Services12.1.4 Financial Overview12.1.5 SWOT Analysis12.1.6 Key Developments12.2 CryptoExperts SAS12.2.1 Key Facts12.2.2 Business Description12.2.3 Products and Services12.2.4 Financial Overview12.2.5 SWOT Analysis12.2.6 Key Developments12.3 Inpher, Inc.12.3.1 Key Facts12.3.2 Business Description12.3.3 Products and Services12.3.4 Financial Overview12.3.5 SWOT Analysis12.3.6 Key Developments12.4 ShieldIO, Inc.12.4.1 Key Facts12.4.2 Business Description12.4.3 Products and Services12.4.4 Financial Overview12.4.5 SWOT Analysis12.4.6 Key Developments12.5 ZAMA12.5.1 Key Facts12.5.2 Business Description12.5.3 Products and Services12.5.4 Financial Overview12.5.5 SWOT Analysis12.5.6 Key Developments12.6 Microsoft Corporation12.6.1 Key Facts12.6.2 Business Description12.6.3 Products and Services12.6.4 Financial Overview12.6.5 SWOT Analysis12.6.6 Key Developments12.7 Netskope, Inc.12.7.1 Key Facts12.7.2 Business Description12.7.3 Financial Overview12.7.4 SWOT Analysis12.7.5 Key Developments12.8 Thales Group12.8.1 Key Facts12.8.2 Business Description12.8.3 Products and Services12.8.4 Financial Overview12.8.5 SWOT Analysis12.8.6 Key Developments12.9 IBM Corporation12.9.1 Key Facts12.9.2 Business Description12.9.3 Products and Services12.9.4 Financial Overview12.9.5 SWOT Analysis12.9.6 Key Developments12.10 Google LLC12.10.1 Key Facts12.10.2 Business Description12.10.3 Products and Services12.10.4 Financial Overview12.10.5 SWOT Analysis12.10.6 Key Developments

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/cpln8e

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Outlook on the Homomorphic Encryption Global Market to 2027 - by Type, Application & Geography - PRNewswire