The technology industry continues to be a hotbed of patent innovation. Activity is driven by the need for stronger and more comprehensive cybersecurity measures to protect against cyber threats and attacks, stringent regulatory requirements, and the rising adoption of cloud-based services, as well as growing importance of technologies such as advanced cryptographic algorithms, key management systems, secure communication protocols, and secure hardware modules, all working together to ensure the confidentiality and integrity of data in an increasingly interconnected digital landscape. In the last three years alone, there have been over 1.5 million patents filed and granted in the technology industry, according to GlobalData’s report on Cybersecurity in technology: hybrid encryption algorithm. Buy the report here.
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However, not all innovations are equal and nor do they follow a constant upward trend. Instead, their evolution takes the form of an S-shaped curve that reflects their typical lifecycle from early emergence to accelerating adoption, before finally stabilizing and reaching maturity.
Identifying where a particular innovation is on this journey, especially those that are in the emerging and accelerating stages, is essential for understanding their current level of adoption and the likely future trajectory and impact they will have.
185+ innovations will shape the technology industry
According to GlobalData’s Technology Foresights, which plots the S-curve for the technology industry using innovation intensity models built on over 1.6 million patents, there are 185+ innovation areas that will shape the future of the industry.
Within the emerging innovation stage, homomorphic encryption and signcryption, are disruptive technologies that are in the early stages of application and should be tracked closely. Zero knowledge proof, multi-factor authentication and secure hash algorithms (SHA) are some of the accelerating innovation areas, where adoption has been steadily increasing. Among maturing innovation areas are DRM tools and AES encryption, which are now well established in the industry.
Innovation S-curve for cybersecurity in the technology industry
Hybrid encryption algorithm is a key innovation area in cybersecurity
Hybrid encryption algorithm is an encryption technique that merges multiple encryption methods, leveraging the advantages of both public-key and symmetric-key cryptography. It ensures secure data transmission between two entities, commonly over public networks like the internet. In this approach, the data is first encrypted with a public key and subsequently encrypted with a symmetric key known solely to the sender and receiver. The recipient then decrypts the data using the shared symmetric key and further decrypts it with their private key for retrieval.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 660 companies, spanning technology vendors, established technology companies, and up-and-coming start-ups engaged in the development and application of hybrid encryption algorithm.
Key players in hybrid encryption algorithm – a disruptive innovation in the technology industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to hybrid encryption algorithm
| Company | Total patents (2010 - 2022) | Premium intelligence on the world's largest companies |
| Science Applications International | 5 | Unlock Company Profile |
| Synaptics | 5 | Unlock Company Profile |
| Hyundai Motor | 3 | Unlock Company Profile |
| Meta Platforms | 4 | Unlock Company Profile |
| Voltage Security | 1 | Unlock Company Profile |
| Corel | 3 | Unlock Company Profile |
| Telefonaktiebolaget LM Ericsson | 5 | Unlock Company Profile |
| Honeywell International | 1 | Unlock Company Profile |
| Wipro | 2 | Unlock Company Profile |
| Toshiba | 4 | Unlock Company Profile |
| Kia | 3 | Unlock Company Profile |
| Intel | 1 | Unlock Company Profile |
| Symbiont.io | 4 | Unlock Company Profile |
| AO Kaspersky Lab | 8 | Unlock Company Profile |
| Symphony Communication Services | 2 | Unlock Company Profile |
| ConnectFree k.k. | 2 | Unlock Company Profile |
Source: GlobalData Patent Analytics
Kaspersky is the top patent filer in hybrid encryption algorithm, followed by Science Applications International and Synaptics.
Other prominent patent filers in the hybrid encryption algorithm space include Science Applications International and Synaptics.
By geographic reach, Bluefin Payment Systems leads the pack, followed by LINK Mobility Group and Oracle. In terms of application diversity, VirnetX holds the top position, followed by Telefonaktiebolaget LM Ericsson and Alphabet.
Hybrid encryption algorithms have brought significant advancements to data protection. Hybrid encryption combines the strengths of both symmetric and asymmetric encryption, offering a powerful and secure solution. This innovation has enhanced the confidentiality and integrity of data transmission, enabling secure communication between parties over public networks. By leveraging the convenience of public-key cryptography and the performance of symmetric-key cryptography, hybrid encryption algorithms play a crucial role in safeguarding sensitive information against unauthorized access and cyber threats.
To further understand how cybersecurity is disrupting the technology industry, access GlobalData’s latest thematic research report on Cybersecurity.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
