South America Homomorphic Encryption Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Partially, Somewhat, and Fully) and Application (BFSI, Healthcare, Government, and Others)
Market Introduction
Homomorphic encryption solutions save financial and personally identifiable information (PII) data. The main feature of technology is it offers security for the data by keeping it encrypted at the time of processing and manipulation. In the era of digitalization data plays significant role, it not only requires analytics tools but also require security tools. The homomorphic encryption is one of the privacy-enhancing technologies (PETs). The key factor attributed to the growth of the SAM homomorphic encryption market is the growing data security concerns in all the data-sensitive organizations across the SAM. Several economies in the region started forming their cybersecurity strategies. For instance, in April 2017, Chile published its cybersecurity strategy and established a broad view of cybersecurity risks to create a comprehensive framework. Rise in severe regulatory compliances is one of the significant factors likely to drive the homomorphic encryption market in SAM. As the homomorphic encryption technology delivers proactive security measures for preventing data breaches in all verticals, the market is likely to gain traction in various developing countries of SAM. Also other factors such as integration with advanced technologies is expected to drive the SAM homomorphic encryption market.
Furthermore, in case of COVID-19, SAM is highly affected specially the Brazil. In SAM region countries such as Brazil and Argentina are transforming their business operations in digital platform through cloud computation to face the challenges emerged due to COVID-19. The social isolation boost- ecommerce in SAM region similarly it creating considerable growth in all business sectors. The adoption ration of digital technologies such as Artificial Intelligence, Automation, cloud platform and other is low in region which resulted in the slower growth of market in the region. The COVID-19 just propelled the digital technologies importance in region which created strong opportunity for the market to enhance its presence. The adoption and penetration of advanced encryption technologies is started to increase in countries such as Brazil and Argentina which is expected to drive the SAM homomorphic encryption market during forecast period. COVID-19 just enhanced the importance for digital technologies and supportive tools for the security and reality. Major companies such as IBM is also investing in the region owing to the potential available for advanced technologies. For instance, Banco Bradesco, S.A., a Brazilian financial institution and IBM Research formed partnership to integrate techniques such as homomorphic encryption to banking data. COVID-19 is just provided the push for the region to adopt new digital technologies and supporting tools to enhance services for end users.
Get more information on this report :
Market Overview and Dynamics
The SAM homomorphic encryption market is expected to grow from US$ 3.74 million in 2019 to US$ 6.16 million by 2027; it is estimated to grow at a CAGR of 6.8 % from 2020 to 2027. Incorporation of homomorphic encryption with advanced technologies is expected to drive the SAM homomorphic encryption market. Increasing computing capabilities of systems and ever increasing amount of data generation are anticipated to flourish the adoption of artificial intelligence and machine learning over the coming years. Artificial intelligence and machine learning require tremendous amount of data to thrive on in order to formulate results and conclusion. The data required by AI and ML needs to be decrypted first in order to process it. With the rising concerns over data privacy and data breach and increasing government initiatives across SAM region for securing consumer data, the homomorphic encryption technology is anticipated to play a vital role. Integration of homomorphic encryption in artificial intelligence and machine learning is anticipated to address the issue of data privacy. Thus, in order to churn resourceful insights while keeping privacy concern in check, the integration of homomorphic encryption technology and artificial intelligence & machine learning is anticipated to pave a way in future for SAM region.
Key Market Segments
In terms of type, the fully segment accounted for the largest share of the SAM homomorphic encryption market in 2019. In terms of application, the BFSI segment held a larger market share of the SAM homomorphic encryption market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM homomorphic encryption market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Google LLC; IBM Corporation; Inpher, Inc.; Microsoft Corporation; Netskope, Inc.; Thales Group.
Reasons to buy report
- To understand the SAM homomorphic encryption market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM homomorphic encryption market
- Efficiently plan M&A and partnership deals in SAM homomorphic encryption market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM homomorphic encryption market
- Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.
SAM Homomorphic Encryption Market Segmentation
SAM Homomorphic Encryption Market – By Type
- Partially
- Somewhat
- Fully
SAM Homomorphic Encryption Market - By Application
- BFSI
- Healthcare
- Government
- Other
SAM Homomorphic Encryption Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Homomorphic Encryption Market - Company Profiles
- Google LLC
- IBM Corporation
- Inpher, Inc.
- Microsoft Corporation
- Netskope, Inc.
- Thales Group
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Homomorphic Encryption Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Homomorphic Encryption Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Need for Data Security
5.1.2 Upsurge of Data Analytics
5.2 Market Restraints
5.2.1 Difficulties Related to Homomorphic Encryption Systems
5.3 Market Opportunities
5.3.1 Escalation in Deployment of Cloud Computing
5.4 Future Trends
5.4.1 Incorporation with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Homomorphic Encryption Market – SAM Analysis
6.1 Homomorphic Encryption Market: SAM Overview
6.2 SAM Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
6.3 Market Positioning – Market Players Ranking
7. SAM Homomorphic Encryption Market Analysis – By Type
7.1.1 Overview
7.1.2 SAM Homomorphic Encryption Market Breakdown, by Type, 2019 & 2027
7.2 Fully
7.2.1 Overview
7.2.2 Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
7.3 Somewhat
7.3.1 Overview
7.3.2 Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Partially
7.4.1 Overview
7.4.2 Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
8. SAM Homomorphic Encryption Market Analysis – By Application
8.1.1 Overview
8.1.2 SAM Homomorphic Encryption Market Breakdown, by Application, 2019 & 2027
8.2 BFSI
8.2.1 Overview
8.2.2 BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Government
8.4.1 Overview
8.4.2 Government: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9. SAM Homomorphic Encryption Market – Country Analysis
9.1 Overview
9.1.1 SAM: Homomorphic Encryption Market, by Key Country
9.1.1.1 Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Homomorphic Encryption Market, by Type
9.1.1.1.2 Brazil: Homomorphic Encryption Market, by Application
9.1.1.2 Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Homomorphic Encryption Market, by Type
9.1.1.2.2 Argentina: Homomorphic Encryption Market, by Application
9.1.1.3 Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Homomorphic Encryption Market, by Type
9.1.1.3.2 Rest of SAM: Homomorphic Encryption Market, by Application
10. Impact of COVID-19 Pandemic On SAM Homomorphic Encryption Market
10.1 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Inpher, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Microsoft Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Netskope, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Thales Group
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 IBM Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Google LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Homomorphic Encryption Market – Revenue, and Forecast to 2027 (USD Million)
Table 2. Brazil: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM: Homomorphic Encryption Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Homomorphic Encryption Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Term: SAM Homomorphic Encryption Market
LIST OF FIGURES
Figure 1. SAM Homomorphic Encryption Market Segmentation
Figure 2. SAM Homomorphic Encryption Market Segmentation – By Country
Figure 3. SAM Homomorphic Encryption Market Overview
Figure 4. SAM Homomorphic Encryption Market –Type
Figure 5. SAM Homomorphic Encryption Market – Application
Figure 6. SAM Homomorphic Encryption Market – Country
Figure 7. SAM – PEST Analysis
Figure 8. SAM Homomorphic Encryption Market – Ecosystem Analysis
Figure 9. SAM Homomorphic Encryption Market: Impact Analysis of Drivers and Restraints
Figure 10. SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (USD Million)
Figure 11. SAM Homomorphic Encryption Market Breakdown, by Type (2019 and 2027)
Figure 12. SAM Fully: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 13. SAM Somewhat: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 14. SAM Partially: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 15. SAM Homomorphic Encryption Market Breakdown, by Application (2019 and 2027)
Figure 16. SAM BFSI: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 17. SAM Healthcare: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 18. SAM Government: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 19. SAM Others: Homomorphic Encryption Market – Revenue and Forecast to 2027(US$ Million)
Figure 20. SAM: Homomorphic Encryption Market Revenue Share, by Key Country (2019 and 2027)
Figure 21. Brazil: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Argentina: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Rest of SAM: Homomorphic Encryption Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in SAM Market
Some of the leading companies are:
- Google LLC
- IBM Corporation
- Inpher, Inc.
- Microsoft Corporation
- Netskope, Inc.
- Thales Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM homomorphic encryption market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM homomorphic encryption market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the homomorphic encryption market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution