Confidential Computing Market Size - By Component (Hardware, Software, Service), By Deployment Model (On-premises, Cloud), By Application (Data Security, Secure Enclaves, Pellucidity between Users), Industry Vertical & Global Forecast 2023 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Confidential Computing Market Size

"Hey, did you know about this 'Confidential Computing' thing? It's like a shield for your data when you're using cloud services. Back in 2022, the market for it was worth a cool 5 billion bucks. And it's expected to grow by 26% every year until 2032! See, lots of businesses use cloud services to store, crunch, and analyze their data. But they're worried about their data being stolen or snooped on. That's where confidential computing comes in. It's like a secret vault inside the cloud that keeps your data safe, even from the cloud providers themselves. This has made it possible for businesses to use cloud services for sensitive stuff without having to worry. So, the more confidential computing gets used in cloud platforms, the more popular secure cloud solutions will become."

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AI & ML technologies are increasingly being utilized in data analysis, predictive modeling, and decision-making applications. Such solutions often comprise the processing of sensitive data such as personal information or proprietary algorithms. Confidential computing provides a secure environment for executing AI & ML workloads, which leads to data privacy & protection. The rising adoption of Artificial intelligence in manufacturing industries is augmenting the confidential computing market demand.
 

Confidential Computing Market Report Attributes
Report Attribute Details
Base Year 2022
Confidential Computing Market Size in 2022 USD 5.05 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 26%
2032 Value Projection USD 52.43 Billion
Historical Data for 2018 – 2022
No. of Pages 350
Tables, Charts & Figures 315
Segments covered Component, Deployment Mode, Application, Industry Vertical
Growth Drivers
  • Rising concerns related to data privacy
  • Advancements in cloud computing
  • High data security requirements in the BFSI sector
  • Increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML)
  • Growing cybersecurity threats across North America
Pitfalls & Challenges
  • Complex cloud interface

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The integration of hardware, software, and services can be highly complex while implementing confidential computing solutions. Organizations may face difficulties while selecting the right components, ensuring compatibility, and integrating confidential computing solutions into the existing systems. The complexity of implementation can lead to delays, cost overruns, as well as difficulties in maintaining & updating the confidential computing environment, hampering confidential computing market growth.

COVID-19 Impact

The COVID-19 pandemic shook up the world's supply chains. It made it harder to get the parts needed to build the special hardware that keeps sensitive data safe when it's being processed. This meant that companies had to push back their plans to start using these technologies. But at the same time, the pandemic also forced businesses to get more digital. They had to switch to cloud computing, online platforms, and other digital tools to keep running. And this made it even more important to protect sensitive data, especially since people were accessing it from anywhere. As a result, companies are now looking for better ways to keep their data safe while still letting people work together remotely. And this means that the demand for confidential computing technologies is expected to grow even faster in the future.

Confidential Computing Market Trends

Edge computing refers to processing data closer to the source or the edge of the network, reducing latency and enabling the real-time decision-making. The growing trend of integrating confidential computing capabilities with edge computing infrastructure will enable secure & confidential data processing at the edge, thereby enhancing data privacy and minimizing the need to transmit sensitive information to centralized cloud environments. Confidential computing at the edge is particularly relevant for applications requiring effective data security & privacy; some examples of such applications are IoT devices, autonomous vehicles, and smart cities.

Confidential Computing Market Analysis

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The confidential computing market size from hardware segment dominated around USD 2 billion in 2022 and will grow at a CAGR of 27% during the forecast period. The hardware segment encompasses the development and manufacturing of secure & trusted hardware devices such as trusted execution environments, secure processors, and specialized hardware accelerators. The rising demand for secure hardware can be attributed to the increasing prioritization of data privacy & protection by organizations.

Confidential computing hardware ensures the encryption & isolation of sensitive data during processing, thereby mitigating the risk of unauthorized access. Based on the rising adoption of cloud computing and data-intensive applications, the demand for secure hardware is expected to undergo substantial growth.

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The cloud-based confidential computing market held over 60% of the revenue share in 2022 and is exceed USD 32 billion by 2032. Cloud deployment involves the leveraging of cloud service providers to host & manage confidential computing environments. Cloud-based confidential computing offers scalability, flexibility, and cost-effectiveness, which allows organizations to benefit from secure data processing without the need of heavy upfront infrastructure investments.
 

Cloud service providers are increasingly integrating confidential computing capabilities into their platforms, thereby enabling customers with the option to deploy & manage secure workloads in the cloud. This deployment model is gaining traction across various industry verticals including BFSI, IT & telecommunications, as well as retail. The rising adoption of cloud computing and the need for secure data processing in dynamic environments contribute to the cloud based confidential computing segment growth.

In 2022, the confidential computing market was valued at $1 billion, and it's expected to soar to $11 billion by 2032. This surge is driven by the increasing demand for transparency and accountability among users. Confidential computing provides a secure and reliable way for multiple parties to work together on shared data without compromising sensitive information. It's like having a private room where you can share information confidently, without worrying about outsiders listening in. This technology is perfect for collaborations like data analysis groups, where multiple companies need to share data to find insights. It's also great for financial transactions involving multiple parties, and for securely sharing patient data in medical research. As more and more businesses and organizations need to work together and share data safely, confidential computing is becoming more and more valuable. It's helping us build a world where we can collaborate and share information with confidence.

Confidential computing plays a crucial role in securing payment processing in the retail industry. Financial data security is of paramount importance in the age of ever-increasing online transactions and mobile payments. Through the use of secure enclaves and encrypted processing, confidential computing solutions protect payment information throughout the transaction process, thereby minimizing the risk of data breaches and fraudulent activities. This instills confidence in customers, which fosters trust in retail businesses.

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The North America confidential computing market accounted for a significant share of over 40% in 2022 and is poised to surpass USD 20 billion by 2032. The region has a strong presence of technology giants, cloud service providers, and enterprises with a high demand for secure data processing solutions. The North America market growth is driven by factors such as stringent data protection regulations, a mature cybersecurity landscape, and a high level of digitalization across industries. The presence of major companies and continuous advancements in confidential computing technologies are contributing to the growth of the regional market.

Confidential Computing Market Share

The major companies operating in the confidential computing market include

  • Amazon Web Services (AWS)
  • Advanced Micro Devices (AMD)
  • Anjuna Security
  • Arm Holdings
  • Cyxtera Technologies
  • Decentriq AG
  • Fortanix
  • Google LLC
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • OVHcloud
  • R3
  • Super Protocol
  • Swisscom

Confidential Computing Industry News

  • In April 2023, Imperva, Inc. and Fortanix, Inc. entered into a collaborative agreement to join each other's strategic partner program. This collaboration will bring together two cybersecurity firms that specialize in multi-cloud data protection. The integrated products of both companies will allow users to manage the whole data security workflow, thereby assuring data privacy & compliance.

The confidential computing market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD billion) from 2018 to 2032, for the following segments

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Market, By Component

  • Hardware
  • Software
  • Service

Market, By Deployment Model

  • On-Premises
  • Cloud

Market, By Application

  • Data security
  • Secure enclaves
  • Pellucidity between users
  • Others

Market, By Industry Vertical

  • BFSI
  • Government & defense
  • Healthcare
  • IT & telecommunications
  • Retail
  • Manufacturing
  • Others

The above information has been provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

Frequently Asked Questions (FAQ)

How big is the confidential computing market?

The market size of confidential computing was reached USD 5.05 billion in 2022 and is projected to grow at over 26% CAGR from 2023 to 2032, driven by the rising adoption of AI in manufacturing industries.

Why is the demand for cloud-based confidential computing gaining traction?

Cloud-based confidential computing market accounted over 60% of the total revenue share in 2022 and is anticipated to surpass 32 billion by 2032, owing to the increasing adoption in the BFSI, IT & telecommunications, as well as retail sectors.

What is the size of the confidential computing industry in North America?

North America held more than 40% share of the market in 2022 and is estimated to amass over USD 20 billion by 2032, attributed to the strong presence of technology giants, cloud service providers, and enterprises in the region.

Who are the top companies operating in the confidential computing market?

Amazon Web Services (AWS), Advanced Micro Devices (AMD), Anjuna Security, Arm Holdings, Cyxtera Technologies, Decentriq AG, Fortanix, Google LLC, IBM Corporation, Intel Corporation, Microsoft Corporation, OVHcloud, R3, Super Protocol, and Swisscom are some leading confidential computing enterprises.

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