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Data Bridge Market Research analyses that the fully homomorphic encryption market is expected to reach USD 510.06 million by 2030, which was USD 275.57 million in 2022, at a CAGR of 8.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Market Overview:

Homomorphic encryption generally helps in improving the privacy along with secured transmission of data. It is a kind of encryption that helps to carry out computations through ciphertext to produce an encrypted result. Encryption of data is required for effective data security.  Homomorphic encryption allows complicated mathematical operations to be executed on encrypted data without compromising the encryption. This also helps to control your data without losing details to gain permitted access. Homomorphic encryption is extensively used to protect useful data.

Global Fully Homomorphic Encryption Market Scope

The fully homomorphic encryption market is segmented on the basis of component, sales channel, enterprise size, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

·       Solution

·       Encrypted Data Analytics

·       Encrypted AI/ML Data Modelling

·       Encrypted Data Linkage

·       Encrypted Database Querying

·       Encrypted Biometrics and Behavioral Data

·       Services

·       Professional

·       Managed

Sales Channel

·       Direct Channel

·       Distribution Channel

 Enterprise Size

·       Small and Medium-Sized Enterprises (SMEs)

·       Large Enterprises

Application

·       Secure Data Computation

·       Data Privacy

·       Data Monetization

Regulatory Compliance

 End-Use

·       Banking, Financial Services and Insurance (BFSI)

·       Healthcare

·       Government

·       Industrial

·       IT and Telecommunications

·       Manufacturing

·       Energy and Utilities

·       Other

Some of the major players operating in the fully homomorphic encryption market are:

·       Microsoft (U.S.)

·       IBM (U.S.)

·       Galois, Inc. (U.S.)

·       CryptoExperts (France)

·       Enveil (U.S.)

·       Huawei Technologies Co., Ltd. (China)

·       Duality (U.S.)

·       ShieldIO (U.S.)

·       Cosmian (France)

·       Cornami, Inc. (U.S.)

·       Desilo (South Korea)

·       Intel Corporation (U.S.)

·       Inpher (U.S.)

·       Thales Group (France)

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