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Confidential Computing Market Trends

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

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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.

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.