Homomorphic encryption market

Homomorphic Encryption Market Research Report- Global Forecast to 2027 Homomorphic Encryption Global Markets – Overview A desirable feature in modern communication system architectures, Homomorphic encryption is a form of encryption which allows specific types of computations to be carried out on cipher texts and generate an encrypted result which, when decrypted, matches the result of operations performed on the plaintexts. The demand for privacy of digital data and of algorithms for handling more complex structures have increased exponentially over the last decade. This goes in parallel with the growth in communication networks and their devices and their increasing capabilities. At the same time, these devices and networks are subject to a great variety of attacks involving manipulation and destruction of data and theft of sensitive information. For storing and accessing data securely, current technology provides several methods of guaranteeing privacy such as data encryption and usage of tamper resistant hardware. However, the critical problem arises when there is a requirement for publicly computing with private data or to modify functions or algorithms in such a way that they are still executable while their privacy is ensured. This is where homomorphic cryptosystems can be used since these systems enable computations with encrypted data. The purpose of homomorphic encryption is to allow computation on encrypted data. Thus, data can remain confidential while it is processed, enabling useful tasks to be accomplished with data residing in untrusted environments. In a world of distributed computation and heterogeneous networking this is a hugely valuable capability. According to a recent study report published by the Market Research Future, the global market of Homomorphic encryption is forecasted to witness a thriving growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2027). The major growth driver of Homomorphic Encryption Market includes growing demand for secured data transmission, increasing investment in cloud based industry, and the growing usage of mobility solutions and smart devices that are increasing market of security issues. However, lack of technical expertise is one of the major factors which are hindering the growth of Homomorphic Encryption Market. Homomorphic Encryption Global Markets – Key Players Giant players having a strong presence in the international and regional market adorn the global Homomorphic Encryption market as highly competitive and fragmented. The market demonstrates a high potential for growth opportunities which attracts several entrants to

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