Secure Multiparty Computation Market Future Outlook, Advance Technology, Growing Trends, Global Size

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 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The expansion of secure multiparty computation is propelled by the demand for private key security with SMPC and increased data privacy regulations compliance. Additionally, the necessity for data security and enhanced situational awareness for secure computation drives the adoption of SMPC, enabling organizations to proactively address evolving security challenge.