Secure Multiparty Computation Market: A $1,412 million Industry Dominated by Tech Giants - Microsoft

Sheetal2307 Aug, 2024Technology

The global Secure Multiparty Computation (SMPC) Market size is projected to grow from USD 824 million in 2024 to USD 1,412 million by 2029 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.As data breaches and privacy issues become more prevalent, organizations are seeking secure ways to process and share sensitive information. SMPC offers a solution by allowing data to be computed jointly without exposing it to all parties involved. As organizations prioritize secure computation, the demand for SMPC solutions continues, fostering market expansion.