Homomorphic Encryption Market Share

Homomorphic Encryption Market Share

Microsoft Corporation and Google LLC hold a market share of around 15% in the homomorphic encryption industry in 2023. Microsoft through its Microsoft Research division has been working on improving the efficiency and scalability of homomorphic encryption algorithms, such as SEAL (Simple Encrypted Arithmetic Library). This focus on innovation helps the company stay at the forefront of encryption technology, making its solutions more attractive to enterprises that require high levels of data security.
 

Google LLC is embedding homomorphic encryption capabilities into its Google Cloud Platform (GCP). By offering these advanced encryption options, the company attracts customers who need to perform secure computations on sensitive data stored in the cloud. This strategy aligns with the company’s broader focus on security and privacy, differentiating GCP in the competitive cloud market.
 

Homomorphic Encryption Market Companies

Major companies operating in the homomorphic encryption industry are:

• CryptoExperts SAS
• Enveil
• Galois, Inc.
• Google LLC
• IBM Corporation
• Inpher, Inc.
• Intel Corporation
• Microsoft Corporation
• Thales Group
• zama.ai