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Homomorphic Encryption Market Size
- Report ID: GMI5309
- Published Date: Apr 2023
- Report Format: PDF
Homomorphic Encryption Market Size
Homomorphic Encryption Market size valued at USD 161 million in 2022 and is anticipated to witness over 8% CAGR from 2023 to 2032.
Increasing instances of research and development (R&D) projects for enhancing the effectiveness of various encryption methods and technologies worldwide will positively influence the homomorphic encryption market growth. The increasing rate of cyberattacks on private as well as government information systems has also propelled the rise in these projects. Hence, numerous public and private organizations are directing efforts on these projects for funding and creating skilled workforce. For instance, the Institute of Physics of the University of Amsterdam and QuSoft, in May 2022, received a grant of more than USD 916.5 thousand from NWO’s Nationale Wetenschapsagenda (NWA) for a research project for determining the social impacts of quantum secure cryptography.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Homomorphic Encryption Market Size in 2022: | USD 161 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 8% |
| 2032 Value Projection: | USD 380 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 279 |
| Tables, Charts & Figures: | 339 |
| Segments covered: | Type, Component, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Homomorphic Encryption Market Scope
