Fully Homomorphic Encryption Market Report: Trends, Forecast and Competitive Analysis to 2030

Fully Homomorphic Encrption Trends and Forecast

The future of the global fully homomorphic encrption market looks promising with opportunities in the banking and finance, healthcare, government, and industrial markets. The global fully homomorphic encrption market is expected to reach an estimated $0.4 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are high need for secured data transmission technology, growing digitalization, and favourable government support for cybersecurity.

A more than 150-page report is developed to help in your business decisions.

Fully Homomorphic Encrption by Segment

The study includes a forecast for the global fully homomorphic encrption by type, component, application, and region.

Fully Homomorphic Encrption Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Fully
• Additive
• Partial and Multiplicative

Fully Homomorphic Encrption Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solution
• Services

Fully Homomorphic Encrption Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Banking and Finance
• Healthcare
• Government
• Industrial
• Others

Fully Homomorphic Encrption Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fully Homomorphic Encrption Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fully homomorphic encrption companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fully homomorphic encrption companies profiled in this report include-

• IBM
• Cosmian
• Cornami
• CryptoLab
• Duality
• CryptoExperts
• Galois
• Google
• Thales
• Intel

Fully Homomorphic Encrption Market Insights

Lucintel forecasts that solution will remain the larger segment over the forecast period due to growing demand for secure data computation and storage solutions.

Within this market, banking & finance segment will remain the largest segment due to increasing adoption of data security and mobility solutions.

North America will remain the largest region over the forecast period due to rising cyber attack issues and presence of large players in the region.

Features of the Global Fully Homomorphic Encrption Market

Market Size Estimates: Fully homomorphic encrption market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fully homomorphic encrption market size by type, component, application, and region in terms of value ($B).

Regional Analysis: Fully homomorphic encrption market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, components, applications, and regions for the fully homomorphic encrption market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fully homomorphic encrption market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fully homomorphic encrption market size?

Answer: The global fully homomorphic encrption market is expected to reach an estimated $0.4 billion by 2030.

Q2. What is the growth forecast for fully homomorphic encrption market?

Answer: The global fully homomorphic encrption market is expected to grow with a CAGR of 8.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fully homomorphic encrption market?

Answer: The major drivers for this market are high need for secured data transmission technology, growing digitalization and favourable government support for cybersecurity.

Q4. What are the major segments for fully homomorphic encrption market?

Answer: The future of the fully homomorphic encrption market looks promising with opportunities in the banking and finance, healthcare, government, and industrial markets.

Q5. Who are the key fully homomorphic encrption market companies?

Answer: Some of the key fully homomorphic encrption companies are as follows.

• IBM
• Cosmian
• Cornami
• CryptoLab
• Duality
• CryptoExperts
• Galois
• Google
• Thales
• Intel

Q6. Which fully homomorphic encrption market segment will be the largest in future?

Answer: Lucintel forecasts that solution will remain the larger segment over the forecast period due to growing demand for secure data computation and storage solutions.

Q7. In fully homomorphic encrption market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising cyber attack issues and presence of large players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fully homomorphic encrption market by type (fully, additive, and partial and multiplicative), component (solution and services), application (banking and finance, healthcare, government, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?