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Homomorphic Encryption Market Trends

  • Report ID: GMI5309
  • Published Date: Apr 2023
  • Report Format: PDF
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Homomorphic Encryption Market Trends

The limitations of skilled personnel for handling cybersecurity infrastructure of several government and private companies may hamper the homomorphic encryption market demand. As per ISACA’s 8th Annual Cybersecurity Survey in 2022, 60% of the respondents in India claimed to have unfulfilled cybersecurity positions, while 62% stated to have taken around 3-6 months for filling a cybersecurity position with a qualified candidate. Subsequently, this mass shortage of skilled labour may pose as a challenge to the industry outlook.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of homomorphic encryption was worth USD 161 million in 2022 and is poised to grow at 8% CAGR from 2023 to 2032, due to the increasing instances of research and development (R&D) projects.

The solution segment is anticipated to witness over 8% CAGR during 2023 to 2032, owing to rising adoption in insurance, banking, and healthcare for solving data protection vulnerability.

North America market size is projected to expand at 5% CAGR through 2032, attributed to the strong presence of big companies and startups in the region.

Some of the leading market players include Cosmian, IBM, Cornami, CryptoLab, Duality, CryptoExperts, Galois, Google, Thales, and Intel.

Homomorphic Encryption Market Scope

  • Homomorphic Encryption Market Size
  • Homomorphic Encryption Market Trends
  • Homomorphic Encryption Market Analysis
  • Homomorphic Encryption Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 18
    • Tables & Figures: 339
    • Countries covered: 16
    • Pages: 279
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