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Home Cryptocurrencies

Confidential Computing Market To Reach USD 308.35 Billion By 2033, Says Emergen Research

October 23, 2024
in Cryptocurrencies, OpenPR, Web3
Reading Time: 8 mins read
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Confidential Computing Market

Confidential Computing Market

The global confidential computing market, valued at USD 5.2 billion in 2023, is projected to reach USD 8.18 billion by the end of 2024, with a remarkable compound annual growth rate (CAGR) of 57.4% during the forecast period. Confidential computing, a growing field within cloud technology, is revolutionizing how sensitive data is processed and protected.

What is Confidential Computing?

Confidential computing involves securing sensitive data while it is actively in use. Traditionally, data protection has focused on securing data at rest (in storage) and in transit (as it moves across networks). Confidential computing adds a new layer by encrypting data during processing, ensuring it remains safe even while being actively used by applications. This technology isolates data within a protected central processing unit (CPU) and can only be accessed by individuals or systems with authorized permission. Even cloud service providers cannot access this protected data, making it an appealing option for organizations dealing with sensitive or business-critical information.

Request Free Sample PDF: https://www.emergenresearch.com/request-sample/2957

Driving Forces Behind Growth

Several factors are fueling the growth of confidential computing:

Enhanced Security and Control: Organizations are increasingly opting for cloud services but need the assurance that their sensitive data remains safe. Confidential computing provides that confidence by ensuring data is protected at all stages-whether at rest, in transit, or during active processing. This has prompted more companies to transition to public or hybrid cloud environments.

Regulatory Compliance: Many industries, especially banking and finance, must comply with stringent data protection regulations. Confidential computing helps businesses meet these requirements, preventing costly data breaches that could result in legal penalties.

Data Privacy: As data breaches become more sophisticated, companies across sectors such as healthcare, government, and finance are prioritizing data security. Confidential computing allows these organizations to protect sensitive information even while it’s being processed, reducing the risk of exposure.

Challenges in Adoption

Despite its benefits, the implementation of confidential computing is not without challenges. Integrating the necessary hardware and software requires specialized expertise in security and cryptography. Additionally, different solutions offered by tech providers, such as Intel, AMD, and ARM, vary in terms of performance and security, leading to concerns over standardization and interoperability. There are also operational complexities, including the need to create secure execution environments for specific use cases.

Cost is another concern, particularly for smaller businesses. Confidential computing requires specialized hardware and encryption, which can increase operational expenses. However, as the technology continues to mature, these barriers are expected to decrease.

Market Segments and Trends

The confidential computing market is segmented by component, deployment model, application, and industry vertical. Key insights include:

Component: The hardware segment, which includes processors with Trusted Execution Environments (TEEs), is expected to dominate. Secure processing units are essential for ensuring data security during processing, making hardware a critical part of the confidential computing ecosystem.

Deployment: The cloud segment is set to account for the largest share, as businesses increasingly move sensitive workloads to the cloud. Cloud-based confidential computing offers a cost-effective and scalable solution, reducing the need for expensive on-premise infrastructure.

Application: Data security remains the primary driver for adoption. As cyber threats evolve, companies are focusing on protecting data during processing, which confidential computing effectively addresses.

Industry Vertical: The Banking, Financial Services, and Insurance (BFSI) sector is expected to lead the market due to strict regulatory requirements and the high sensitivity of financial data. Financial institutions are adopting confidential computing to comply with regulations such as GDPR and PCI-DSS, which require advanced data protection mechanisms.

Some of the key companies in the confidential computing market include:

Microsoft
Intel
Google LLC
IBM
Advanced Micro Devices, Inc. (AMD)
Alibaba Cloud (Alibaba Group Holding Limited)
Amazon Web Services, Inc. (AWS)
Fortanix, Inc.
VMware, Inc.
Oracle

Confidential Computing Latest Industry Updates

On September 12, 2024: Google LLC launched confidential-matching for data security, which leverages advanced confidential computing technology. It can help to process first-party personal data securely, strengthening data protection. Confidential matching is the latest privacy-first solutions that allows user to connect with first-party data securely to target audience and measure impact of ad campaign.

Confidential computing utilizes Trusted Execution Environments (TEEs) as an enclave to secure data during the processing time, and ensures that no one, including Google, can gain access to the personal information.
During processing, confidential matching sets apart business data, to safeguard sensitive data and information such as customer identities. It uses Google Cloud’s Confidential Space technology, which has been deployed in various industries including healthcare and finance for securing data while processing.

On March 31, 2023: Google announced that its confidential computing solution – Confidential Space – is been made generally available. It offers secure enclave, known as TEE, that Google Cloud customers can leverage privacy-focused usage in Machine Learning (ML) model training and joint data analysis. Confidential Space has been designed to secure data from all the parties involved, including strengthened security against cloud service-provider access.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/confidential-computing-market

Confidential Computing Market Segmentation Analysis

The main report offers detailed historical data and forecasts revenue growth at a global, regional, and country level, and provides analysis of the market trends in each of the segments from 2020 to 2033:

Component Outlook (Revenue, USD Billion; 2020-2033)

Hardware
Software
Services

Deployment Mode Outlook (Revenue, USD Billion; 2020-2033)

Cloud-based
On-premise

Application Outlook (Revenue, USD Billion; 2020-2033)

Data Security
Secure Enclaves
Risk Management
Compliance Management
Secure Collaboration

Industry Vertical Outlook (Revenue, USD Billion; 2020-2033)

BFSI (Banking, Financial Services, and Insurance)
Healthcare
IT & Telecommunications
Government & Defense
Others (Retail, Manufacturing, etc.)

Regional Outlook (Revenue, USD Billion; 2020-2033)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Australia
Singapore
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Israel
Rest of MEA

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2957

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: http://www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.

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