Confidential
Computing Market Share, Size, Trends and Future Growth by 2028

The Confidential Computing Market size is expected
to grow from USD 5.3 billion in 2023 to USD 59.4 billion by 2028 at a Compound
Annual Growth Rate (CAGR) of 62.1% during the forecast period, according to news research report by MarketsandMarkets™ The advancements in
hardware and software, increasing need to meet regulatory requirements have
driven the market growth.

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Software segment to capture a large market share
during the forecast period

The confidential computing market, by component,
includes hardware, software, and services. The software segment is projected to
lead the market Confidential computing software manages the memory resources
within secure enclaves to ensure isolation and protection of data as it
provides mechanisms to allocate, manage, and encrypt memory regions associated
with enclaves, preventing unauthorized access or tampering. Software components
also enable secure input and output operations within trusted execution environments.
They provide APIs and libraries to handle secure communication channels,
cryptographic protocols, and data encryption/decryption, ensuring sensitive
data remains protected during input and output operations. Software libraries
support cryptographic operations required for confidential computing, including
encryption, decryption, key generation, and digital signatures and these
libraries provide the necessary cryptographic algorithms and protocols to
secure data and ensure the integrity and authenticity of computations.

Secure Enclaves to capture a second large market
share during forecast period

The confidential computing market has been segmented
on the basis of application into data security, secure enclaves, pellucidity
between users, and other applications. The secure enclaves segment is expected
to hold a second largest market share during the forecast period. A secure
enclave is a hardware-based technology that creates a trusted TEE within a
processor. It provides a secure and isolated area where sensitive data and
computations can be processed with a high level of confidentiality and integrity.
Secure enclaves create a boundary between the enclave and the rest of the
system, isolating the enclave from the underlying operating system and other
applications running on the same hardware. This isolation ensures that even
privileged users or malicious software running on the system cannot access or
tamper with the data and computations within the enclave. Secure enclaves
provide trusted execution capabilities, meaning that the code and data within
the enclave are executed in a secure and trusted manner. The integrity of the
code and data is verified, and the enclave's execution is protected from
external manipulation. This ensures the computations performed within the
enclave can be trusted and that the results are reliable.

North America segment to capture a large market
share during the forecast period

The confidential computing market has been segmented
by region into North America, Europe, Asia Pacific, the Middle East and Africa,
and Latin America. As per region, North America is estimated to account for the
largest market share in the global confidential computing market in 2023, and
this trend is expected to continue during the forecast period. North America is
the region with the most established confidential computing adoption due to a
number of factors, including the existence of large enterprises with
sophisticated IT infrastructure and the availability of technical expertise.
North America is expected to encourage market growth, as large enterprises and
SMEs focus on developing innovative confidential computing software, hardware
and services integrated with technological advancements, such as Trusted
Execution Environment (TEE), Secure Multi-Party Computation (MPC), Confidential
Containers.  North America's two largest contributors to the confidential
computing market are the US and Canada. The trend is expected to persist during
the forecasting period. It is a region with strict regulations for a
number of economic sectors and advanced technology.

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Key Market Players

Some of the major vendors offering confidential
computing across the globe are Microsoft (US), IBM (US), Intel (US), Google
(US), AMD (US), Fortanix (US), AWS (US), Arm (UK), Alibaba Cloud (China),
Swisscom (Switzerland), OVHcloud (France), pheonixNAP (US), AMI (Georgia),
Applied Blockchain (UK), R3 (US), Decentriq (Switzerland), Hub Security
(Israel), Edgeless Systems (Germany), Cysec (Switzerland), Opaque Systems (US),
Profian (US), Super Protocol (US), Secretarium (UK), Anjuna Security (US), and
Tresorit (Switzerland).

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