The Europe Confidential Computing Market would witness market growth of 56.9% CAGR during the forecast period (2023-2030).
One of the key elements driving the region increase in cyber risks is the need for cybersecurity services. Another factor that is known to support market growth over the forecast period is confidential computing, which supports and protects data while processing is taking place. When combined with storage, network encryption, and encryption key control, this technology enables end-to-end data security in the cloud system. Moreover, before impossible, options may be opened up by confidential computing. Several groups are working together while maintaining the privacy of the data.
It is now vital to safeguard sensitive data throughout its lifespan, from data at rest to data in use and during analysis, due to rising data breaches, hackers, and regulatory laws. The limitation that traditional encryption solutions only shield data in transit and at rest renders them inadequate today. Data processing must occur in a safe, controlled environment if sensitive data is to be secured during its lifespan. Organizations are anticipated to abandon conventional encryption methods and speed up the implementation of end-to-end confidentiality-ensuring solutions in the upcoming years. The quickest adoption rates will be seen with solutions that provide cutting-edge AI and analytics, usability, and scalability to serve a wide range of use cases. As a consequence, the market would expand.
According to proposals for a new government-funded organization dedicated to promoting innovation in the country's telecoms supply chain, the UK will be a worldwide leader in telecommunications research and development. For telecom companies searching for financing, testing facilities, R&D cooperation possibilities, new and improved technologies for UK mobile & broadband networks, and other related services, the UK Telecoms Innovation Network (UKTIN) will be a useful resource. The center will be developed to be operated by an organization that may apply for up to £10 million in funding utilizing a competition the government has just launched. The widespread use of edge computing also creates tremendous development potential for the market in Europe.
The Germany market dominated the Europe Confidential Computing Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,497.9 million by 2030. The UK market is exhibiting a CAGR of 55.6% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 58.1% during (2023 - 2030).
Based on Component, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Data Security, Secure Enclaves, Pellucidity Between Users, and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into BFSI, Healthcare, IT & Telecom, Government & Defense, Manufacturing, Retail & Consumer Goods and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Confidential Computing Market is Projected to reach USD 131.9 Billion by 2030, at a CAGR of 57.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Swisscom Ltd, OVH Groupe S.A, Arm Limited (SoftBank Group Corp.), Microsoft Corporation, IBM Corporation, Intel Corporation, Google LLC (Alphabet Inc.), Amazon Web Services, Inc. (Amazon.com, Inc.), Advanced Micro Devices, Inc. and Alibaba Cloud (Alibaba Group Holding Limited)
By Component
By Application
By Deployment Mode
By Vertical
By Country
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