Global Homomorphic Encryption Market to Grow at a CAGR of 9.6%, Reaching USD 517.69 Million by 2030
A) Market Size: The Global Homomorphic Encryption Market was valued at USD 272.52 million in 2023 and is forecasted to grow at a robust CAGR of 9.6%, reaching USD 517.69 million by 2030. This growth is driven by the increasing need for enhanced data security, particularly in cloud computing, machine learning, and data sharing applications. Homomorphic encryption technology is becoming increasingly vital as businesses seek secure methods for data processing without compromising privacy.
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