According to a new report, published by KBV research, The Global Confidential Computing Market size is expected to reach $131.9 billion by 2030, rising at a market growth of 57.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 58.1% during (2023 - 2030). Services are crucial to developing, deploying, and administrating confidential computing systems. They provide knowledge, assistance, and specialized services to assist enterprises in implementing and using confidential computing technology. Organizations may get counseling and advice services from confidential computing providers to better understand the advantages, dangers, and effects of using private computing. They provide advice on how to choose the appropriate technology, create safe architectures, and specify security rules for implementing confidential computing.
The Data Security segment is leading the Global Confidential Computing Market by Application in 2022 thereby, achieving a market value of $58.3 billion by 2030. Secure and isolated environments are provided for data processing via confidential computing through specialized hardware infrastructure. This infrastructure consists of hardware-based security features, secure enclaves, and trusted execution environments. Cloud service providers and data centers are investing in private computing infrastructure to provide their clients with safe and dependable computing environments. Data security is becoming more challenging to manage as cloud computing and distributed computing systems become more popular.
The On-premise segment has shown the growth rate of 54.8% during (2023 - 2030). If a user has direct authority over the hardware, they could have to set up their attestation services, a reason because on-premise adoption has increased recently. Many large corporations have recently debuted their on-premise confidential computing systems. For on-premise confidential computing, the IBM LinuxONE and Z series offer the most comprehensive solution.
The BFSI segment is generating the highest revenue share in the Global Confidential Computing Market by Vertical in 2022 thereby, achieving a market value of $2.8 billion by 2030. Banks and other financial institutions have long been the focus of cyber assaults, which might cause losses of hundreds of millions of dollars. Therefore, it makes sense to put effective cybersecurity measures in place there. With confidential computing, many financial organizations might communicate data without risking its security. For instance, banks could pool data and do analyses, enabling them to notice potentially suspicious trends and uncover fraud situations early.
The North America market dominated the Global Confidential Computing Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $49.1 billion by 2030. The Europe market is exhibiting a CAGR of 56.9% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 58.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/confidential-computing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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By Deployment Mode
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