Homomorphic encryption is system of encryption process that assistances to carry out the computations over cipher text to generate the encrypted result. It helps to delegate data without giving away thevaccess to data and is widely used for acceptable data security. Data encryption interprets data into form or code so that it is available to people who have password.
The growing usage of thevsmartphones and mobility solution is motivating the market as mobile cloud computing can be labelled as infrastructure where both the data storage and the data computing happens outside device. The mobile cloud applications move computing power and the data storage away from the mobile phones and into cloud. Nowadays, owing to digital transmission, individuals use smartphones in daily life for shopping, bill payments, and mobile banking, amongst others. Owing to this, people share the personal information with third-party forum which raises concern over privacy of individual’s personal information. The internet users are sharing lot of information through third-party forum. Henceforth, security of data becomes essential factor which is increasing growth of homomorphic encryption market.
Segment Overview
In the banking industry, user can store its encrypted data on cloud. The cloud can complete computations and return encrypted result to user, and user can also decrypt the cyphertext by using numerous methods and keeping the data hidden from host. The use of the cloud computing brings lot of advantages, easy maintenance, including low cost, and re-provisioning of resources. Similarly, industries such as healthcare, banking & finance, manufacturing among the others are investing severely to secure the data on cloud. Therefore, growing investment in the cloud-based industries is increasing homomorphic market worldwide.
Regional Overview
North American accounted for largest market share from the U.S. and Canada. Homomorphic encryption market is anticipated to grow at fast pace in U.S. The reason is accredited to stable the growth rate, increasing consumption, better medical facilities, increasing private sector investments, increasing number of medium and small scale enterprises and high exports,.
Europe is rising at stable rate over forecast period. The region is credited to increasing security concerns, high acceptance of homomorphic encryption solutions prompt industrialization, among others. Also, high investment in cloud-based industries is likely to boost market over forecast period. While, factors such as lack of the up-gradation and complexity are preventing the market from rising in European region. Countries such as UK and Germany accounted for largest market share in European region majorly being banking hub and the high investment in infrastructure. The Asian market presents huge growth prospects for the industrial sector.
Competitor overview
The global market is very dynamic and is probable to witness stable growth over forecast period. The growth of homomorphic encryption market is inclined by growing demand for the secured data transmission, increasing investment in the cloud-based industries, and rising e-governance initiatives. Moreover, high application of homomorphic encryption in banking and finance sector is anticipated to boost growth over forecast period. However, complexity of systems and dearth of upgradation are factors hindering the growth of homomorphic encryption market.
Key Players
- Gemalto
- Oracle Corporation
- Microsoft
- IBM Corporation
- Galois Inc
- CryptoExperts
- Netskope
Market Segmentation
By Product
- Fully
- Additive
- Partial
- Multiplicative
- Banking and Finance
- Healthcare
- Government
- Industrial
- others
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
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Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
