
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.
Market Analysis and Insights: Global Homomorphic Encryption Market
Due to the COVID-19 pandemic, the global Homomorphic Encryption market size is estimated to be worth US$ 150.3 million in 2022 and is forecast to a readjusted size of US$ 530.3 million by 2029 with a CAGR of 19.5% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Partially Homomorphism accounting for % of the Homomorphic Encryption global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Government segment is altered to an % CAGR throughout this forecast 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.
Global Homomorphic Encryption Scope and Market Size
The global Homomorphic Encryption market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Homomorphic Encryption market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.
Segment by Type
Partially Homomorphism
Fully Homomorphism
Segment by Application
Government
Finance and Insurance
Health Care
Industry
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Microsoft
IBM Corporation
Galois
CryptoExperts
Enveil
Duality Technologies
ShieldIO
Huawei
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Homomorphic Encryption Market Size by Type (2018 VS 2022 VS 2029)
1.2.2 Partially Homomorphism
1.2.3 Fully Homomorphism
1.3 Market by Application
1.3.1 Global Homomorphic Encryption Market Share by Application (2018 VS 2022 VS 2029)
1.3.2 Government
1.3.3 Finance and Insurance
1.3.4 Health Care
1.3.5 Industry
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Homomorphic Encryption Market Perspective (2018-2029)
2.2 Global Homomorphic Encryption Market Size by Region: 2018 VS 2022 VS 2029
2.3 Global Homomorphic Encryption Revenue Market Share by Region (2018-2023)
2.4 Global Homomorphic Encryption Revenue Forecast by Region (2024-2029)
2.5 Geographic Market Analysis: Market Facts & Figures
2.5.1 United States Homomorphic Encryption Estimates and Projections (2018-2029)
2.5.2 Europe Homomorphic Encryption Estimates and Projections (2018-2029)
2.5.3 China Homomorphic Encryption Estimates and Projections (2018-2029)
2.5.4 Japan Homomorphic Encryption Estimates and Projections (2018-2029)
2.5.5 Southeast Asia Homomorphic Encryption Estimates and Projections (2018-2029)
2.5.6 India Homomorphic Encryption Estimates and Projections (2018-2029)
3 Global Homomorphic Encryption Competition Landscape by Players
3.1 Global Top Homomorphic Encryption Players by Revenue (2018-2023)
3.1.1 Global Top Homomorphic Encryption Players by Revenue (2018-2023)
3.1.2 Global Homomorphic Encryption Revenue Market Share by Players (2018-2023)
3.2 Global Homomorphic Encryption Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Homomorphic Encryption Revenue
3.4 Global Homomorphic Encryption Market Concentration Ratio
3.4.1 Global Homomorphic Encryption Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Homomorphic Encryption Revenue in 2022
3.5 Homomorphic Encryption Key Players Head office and Area Served
3.6 Key Players Homomorphic Encryption Product Solution and Service
3.7 Date of Enter into Homomorphic Encryption Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Homomorphic Encryption Breakdown Data by Type
4.1 Global Homomorphic Encryption Historic Market Size by Type (2018-2023)
4.2 Global Homomorphic Encryption Forecasted Market Size by Type (2024-2029)
5 Homomorphic Encryption Breakdown Data by Application
5.1 Global Homomorphic Encryption Historic Market Size by Application (2018-2023)
5.2 Global Homomorphic Encryption Forecasted Market Size by Application (2024-2029)
6 United States Homomorphic Encryption Market Facts & Figures
6.1 United States Homomorphic Encryption Revenue by Company (2018-2023)
6.2 United States Homomorphic Encryption Market Size by Type
6.2.1 United States Homomorphic Encryption Market Size by Type (2018-2023)
6.2.2 United States Homomorphic Encryption Market Size by Type (2024-2029)
6.2.3 United States Homomorphic Encryption Market Share by Type (2018-2029)
6.3 United States Homomorphic Encryption Market Size by Application
6.3.1 United States Homomorphic Encryption Market Size by Application (2018-2023)
6.3.2 United States Homomorphic Encryption Market Size by Application (2024-2029)
6.3.3 United States Homomorphic Encryption Market Share by Application (2018-2029)
7 Europe Homomorphic Encryption Market Facts & Figures
7.1 Europe Homomorphic Encryption Revenue by Company (2018-2023)
7.2 Europe Homomorphic Encryption Market Size by Type
7.2.1 Europe Homomorphic Encryption Market Size by Type (2018-2023)
7.2.2 Europe Homomorphic Encryption Market Size by Type (2024-2029)
7.2.3 Europe Homomorphic Encryption Market Share by Type (2018-2029)
7.3 Europe Homomorphic Encryption Market Size by Application
7.3.1 Europe Homomorphic Encryption Market Size by Application (2018-2023)
7.3.2 Europe Homomorphic Encryption Market Size by Application (2024-2029)
7.3.3 Europe Homomorphic Encryption Market Share by Application (2018-2029)
8 China Homomorphic Encryption Market Facts & Figures
8.1 China Homomorphic Encryption Revenue by Company (2018-2023)
8.2 China Homomorphic Encryption Market Size by Type
8.2.1 China Homomorphic Encryption Market Size by Type (2018-2023)
8.2.2 China Homomorphic Encryption Market Size by Type (2024-2029)
8.2.3 China Homomorphic Encryption Market Share by Type (2018-2029)
8.3 China Homomorphic Encryption Market Size by Application
8.3.1 China Homomorphic Encryption Market Size by Application (2018-2023)
8.3.2 China Homomorphic Encryption Market Size by Application (2024-2029)
8.3.3 China Homomorphic Encryption Market Share by Application (2018-2029)
9 Japan Homomorphic Encryption Market Facts & Figures
9.1 Japan Homomorphic Encryption Revenue by Company (2018-2023)
9.2 Japan Homomorphic Encryption Market Size by Type
9.2.1 Japan Homomorphic Encryption Market Size by Type (2018-2023)
9.2.2 Japan Homomorphic Encryption Market Size by Type (2024-2029)
9.2.3 Japan Homomorphic Encryption Market Share by Type (2018-2029)
9.3 Japan Homomorphic Encryption Market Size by Application
9.3.1 Japan Homomorphic Encryption Market Size by Application (2018-2023)
9.3.2 Japan Homomorphic Encryption Market Size by Application (2024-2029)
9.3.3 Japan Homomorphic Encryption Market Share by Application (2018-2029)
10 Southeast Asia Homomorphic Encryption Market Facts & Figures
10.1 Southeast Asia Homomorphic Encryption Revenue by Company (2018-2023)
10.2 Southeast Asia Homomorphic Encryption Market Size by Type
10.2.1 Southeast Asia Homomorphic Encryption Market Size by Type (2018-2023)
10.2.2 Southeast Asia Homomorphic Encryption Market Size by Type (2024-2029)
10.2.3 Southeast Asia Homomorphic Encryption Market Share by Type (2018-2029)
10.3 Southeast Asia Homomorphic Encryption Market Size by Application
10.3.1 Southeast Asia Homomorphic Encryption Market Size by Application (2018-2023)
10.3.2 Southeast Asia Homomorphic Encryption Market Size by Application (2024-2029)
10.3.3 Southeast Asia Homomorphic Encryption Market Share by Application (2018-2029)
11 India Homomorphic Encryption Market Facts & Figures
11.1 India Homomorphic Encryption Revenue by Company (2018-2023)
11.2 India Homomorphic Encryption Market Size by Type
11.2.1 India Homomorphic Encryption Market Size by Type (2018-2023)
11.2.2 India Homomorphic Encryption Market Size by Type (2024-2029)
11.2.3 India Homomorphic Encryption Market Share by Type (2018-2029)
11.3 India Homomorphic Encryption Market Size by Application
11.3.1 India Homomorphic Encryption Market Size by Application (2018-2023)
11.3.2 India Homomorphic Encryption Market Size by Application (2024-2029)
11.3.3 India Homomorphic Encryption Market Share by Application (2018-2029)
12 Key Players Profiles
12.1 Microsoft
12.1.1 Microsoft Company Details
12.1.2 Microsoft Business Overview
12.1.3 Microsoft Homomorphic Encryption Introduction
12.1.4 Microsoft Revenue in Homomorphic Encryption Business (2018-2023)
12.1.5 Microsoft Recent Development
12.2 IBM Corporation
12.2.1 IBM Corporation Company Details
12.2.2 IBM Corporation Business Overview
12.2.3 IBM Corporation Homomorphic Encryption Introduction
12.2.4 IBM Corporation Revenue in Homomorphic Encryption Business (2018-2023)
12.2.5 IBM Corporation Recent Development
12.3 Galois
12.3.1 Galois Company Details
12.3.2 Galois Business Overview
12.3.3 Galois Homomorphic Encryption Introduction
12.3.4 Galois Revenue in Homomorphic Encryption Business (2018-2023)
12.3.5 Galois Recent Development
12.4 CryptoExperts
12.4.1 CryptoExperts Company Details
12.4.2 CryptoExperts Business Overview
12.4.3 CryptoExperts Homomorphic Encryption Introduction
12.4.4 CryptoExperts Revenue in Homomorphic Encryption Business (2018-2023)
12.4.5 CryptoExperts Recent Development
12.5 Enveil
12.5.1 Enveil Company Details
12.5.2 Enveil Business Overview
12.5.3 Enveil Homomorphic Encryption Introduction
12.5.4 Enveil Revenue in Homomorphic Encryption Business (2018-2023)
12.5.5 Enveil Recent Development
12.6 Duality Technologies
12.6.1 Duality Technologies Company Details
12.6.2 Duality Technologies Business Overview
12.6.3 Duality Technologies Homomorphic Encryption Introduction
12.6.4 Duality Technologies Revenue in Homomorphic Encryption Business (2018-2023)
12.6.5 Duality Technologies Recent Development
12.7 ShieldIO
12.7.1 ShieldIO Company Details
12.7.2 ShieldIO Business Overview
12.7.3 ShieldIO Homomorphic Encryption Introduction
12.7.4 ShieldIO Revenue in Homomorphic Encryption Business (2018-2023)
12.7.5 ShieldIO Recent Development
12.8 Huawei
12.8.1 Huawei Company Details
12.8.2 Huawei Business Overview
12.8.3 Huawei Homomorphic Encryption Introduction
12.8.4 Huawei Revenue in Homomorphic Encryption Business (2018-2023)
12.8.5 Huawei Recent Development
13 Market Dynamics
13.1 Homomorphic Encryption Industry Trends
13.2 Homomorphic Encryption Market Drivers
13.3 Homomorphic Encryption Market Challenges
13.4 Homomorphic Encryption Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author List
15.3 Disclaimer
Microsoft
IBM Corporation
Galois
CryptoExperts
Enveil
Duality Technologies
ShieldIO
Huawei
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*If Applicable.
