Homomorphic Encryption Market Research Report- Forecast till 2027

Market Highlights

Homomorphic Encryption Industry may be a sort of encryption that aids in computation through conversion in ciphertext so as to take care of the originality of knowledge during the method of transmission. As per the report published by marketing research Future (MRFR), the worldwide homomorphic encryption market is anticipated to expand at a notable CAGR of7.55% during the forecast period of 2016-2027 and is registered to succeed in the valuation of USD 268.3 Mn by the top of the forecast period.

Market Drivers and Restraints:

The ubiquity of cloud-based services within the networking space has compromised the safety of knowledge at multiple levels. Increasing concern regarding the secure delivery of knowledge due to the high risk of knowledge leakage is inducing high demand for encoding , leading to the expansion of the worldwide homomorphic encryption market. The advanced features of homomorphic encryption system like complex calculations are often performed on encrypted data without compromising the integrity of encryption and high-end data security are propelling the expansion of the worldwide homomorphic encryption market.

Growing investments by various industrial sectors for adopting cloud-based solutions and rise in demand for secured data transmission due to the increasing cybercrime activities are fueling the expansion of the worldwide homomorphic encryption market. However, lack of upgrades and complexity of the systems are likely to restrain the expansion of the worldwide homomorphic encryption market during the forecast period.

Industry Updates:

On 29th August 2018, Vault, an Australian cloud services provider, alongside QuintessenceLabs (QLabs) and Ziroh labs, has announced a secure enterprise file synchronization and sharing (EFSS) proof of concept which is aimed toward data protection. These Canberra-based companies will compile QuintessenceLabs' quantum key generation and key management with Vault's protected cloud and Ziroh Labs' homomorphic encryption technology, calling the top result as 'full entropy as a service.'

Key Players:

The prominent players profiled by MRFR within the report on the worldwide homomorphic encryption market are Gemalto (Netherlands), Oracle Corporation (the U.S.), Microsoft (the U.S.), IBM Corporation (the U.S.), Galois Inc (the U.S.), CryptoExperts (France), Netskope (the U.S.)

Browse Complete Report @ https://www.marketresearchfuture.com/reports/homomorphic-encryption-market-1144

Global Homomorphic Encryption Market: By Type (Fully, Additive, Partial and Multiplicative), By Application (Banking and Finance, Healthcare, Government, Industrial and others) - Forecast till 2027

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