PUBLISHER: Grand View Research | PRODUCT CODE: 1530208
PUBLISHER: Grand View Research | PRODUCT CODE: 1530208
Confidential Computing Market Size & Trends
The global confidential computing market size was estimated at USD 5,463.0 million in 2023 and is projected to grow at a CAGR of 64.1% from 2024 to 2030. The increasing sophistication of cyberattacks highlights the need for enhanced protection of data in use, which traditional encryption methods often fail to provide. Confidential computing mitigates risks by ensuring data remains encrypted even during processing, safeguarding it from potential breaches. This approach addresses vulnerabilities posed by insider threats and advanced persistent threats that can compromise sensitive data. The rising frequency and complexity of cyber threats are driving organizations to adopt confidential computing as a critical component of their cybersecurity strategies.
Increasing emphasis on digital sovereignty is driving the need for confidential computing to ensure data control and compliance with local regulations. Nations and organizations seek to maintain sovereignty over their data by protecting it during processing, even when utilizing global cloud services. Confidential computing helps achieve this by providing secure environments that comply with jurisdictional data protection requirements. This trend is particularly significant for sectors handling sensitive or classified information, where control over data processes is critical.
Technological advancements, such as improved Trusted Execution Environments (TEEs) and sophisticated encryption methods, are enhancing the effectiveness of confidential computing. Innovations in both hardware and software are reducing performance overheads, making confidential computing more practical and efficient. These developments are lowering barriers to adoption and enabling broader implementation across various sectors. As technology evolves, confidential computing solutions are becoming more integrated and user-friendly.
Global Confidential Computing Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global confidential computing market report based on component, application, deployment, vertical, and region:
U.S.
Canada
Mexico
Germany
UK
France
China
Japan
India
South Korea
Australia
Brazil
UAE
KSA
South Africa