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Confidential Computing Market Size

Report ID: GMI6056
Published Date: Jun 2023
Report Format: PDF

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Confidential Computing Market Size

Confidential Computing Market size was valued at USD 5.05 billion in 2022 and is estimated to register a CAGR of 26% between 2023 and 2032. Cloud computing is now a prevalent method used by organizations for data storage, processing, and analysis. Rising concerns pertaining to data security & privacy have hindered the adoption of cloud-based solutions in certain sensitive workloads. In such a scenario, confidential computing enables secure data processing in the cloud, thereby ensuring the protection of sensitive information, even from cloud service providers. The integration of confidential computing capabilities into cloud platforms is driving the adoption of secure cloud computing solutions.

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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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.