Top Homomorphic Encryption Companies

Global Homomorphic Encryption Market size was valued at USD 216.33 Million in 2024 and is poised to grow from USD 229.52 Million in 2025 to USD 368.6 Million by 2033, growing at a CAGR of 6.1% during the forecast period (2026–2033).

Market leaders such as IBM, Microsoft, Google, Zama, and Duality Technologies are paving the way towards innovation in the competitive homomorphic encryption industry. To drive the efficacy of encryption, the companies invest in research, partnership, and product development. Tactics involve the use of AI to perform computations as effectively as possible, the establishment of alliances with banks to ensure secure transactions, and open-source frameworks that facilitate adoption faster. Large amounts of funds are also being invested by startups to improve encryption techniques for implementation in blockchain and cloud computing. 'IBM Corporation (U.S.) ', 'Microsoft Corporation (U.S.) ', 'Google LLC (U.S.) ', 'Intel Corporation (U.S.) ', 'Oracle Corporation (U.S.) ', 'SAP SE (Germany) ', 'Thales Group (France) ', 'Cosmian Tech (France) ', 'CryptoExperts SAS (France) ', 'Duality Technologies Inc. (U.S.) ', 'Enveil Inc. (U.S.) ', 'Inpher, Inc. (U.S.) ', 'Netskope, Inc. (U.S.) ', 'Zaiku Group Ltd. (U.K.) ', 'Galois Inc. (U.S.) ', 'Shieldo Inc. (U.S.) ', 'Zama.ai (France) ', 'CryptoLab (U.S.) ', 'Cornami Inc. (U.S.)'

Enterprise data needs to be protected with strong encryption solutions because of the stringent data protection requirements set by regulations such as the CCPA, GDPR, and HIPAA. Encryption-protected data can be processed by businesses without exposing it with homomorphic encryption, making them secure and compliant. The adoption of encryption technology is being driven by this tighter environment across various sectors, such as government, healthcare, and finance.

Increasing Fully Homomorphic Encryption (FHE) Investments: FHE is attracting huge investments from IT giants and startups, enabling unlimited computation on encrypted information. FHE adoption is being driven in the real world by IBM and Zama creating practical FHE solutions to improve financial transactions, AI, and cloud computing privacy. Data security will be redefined through this trend in several businesses.

North America hosts around 45% of the homomorphic encryption market share in 2024 and is expected to increase significantly during the forecast period. The region is inhabited by many major technology companies and cybersecurity institutions. The innovation focus and early adoption of technology make it easier to develop and apply homomorphic encryption solutions across finance, healthcare, and government sectors.