United States Homomorphic Encryption market size was 40.17 million USD in 2016

The Homomorphic Encryption is mainly classified into the following types: Partially Homomorphism, Somewhat Homomorphism and Fully Homomorphism. And Fully Homomorphism is the most widely used type which took up about 50.18% of the total in 2016 in USA

Homomorphic Encryption is mainly used in Industrial, Government, Financial & Insurance, Health Care and Others. And Government is the most widely used area which took up about 30.98% of the USA total in 2016.

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Global Homomorphic Encryption Market by Manufacturers, Countries, Type and Application, Forecast to 2023

Global (North America, Europe and Asia-Pacific, South America, Middle East and Africa) Homomorphic Encryption Market 2017 Forecast to 2022

The South is the largest area of Homomorphic Encryption in the USA in the past few years and it will keep increasing in the next few years. The United States Homomorphic Encryption market size was 40.17 million USD in 2016 and is expected to reach 62.22 million USD by the end of 2022, growing at a CAGR of 7.57% between 2016 and 2022

Market barriers of Homomorphic Encryption are high, the main players are Microsoft, IBM, Galois and CryptoExperts, amony those, IBM mastered the most advanced technology, Microsoft made great progress in the healthcare and biotechnology area; Galois got strong support from DARPA; CryptoExperts is a young start-up company with a huge future, and now, they are cooperating to standardize homomorphic encryption.

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