Confidential Computing Market to reach $184.5 Billion, Globally, by 2032 at 46.8% CAGR: Allied Market Research
PORTLAND, Ore, Sept. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Confidential Computing Market by Component (Hardware, Software, Service), Deployment Mode (On-premise and Cloud), Application (Data Security, Security Enclaves, Pellucidity between Users, and Others), End User (BFSI, IT and Telecom, Healthcare, Retail and E-commerce, Manufacturing, Government and Public Sector, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global generated $4.1 billion in 2022, and is estimated to reach $184.5 billion by 2032, witnessing a CAGR of 46.8% from 2023 to 2032.
- The COVID-19 pandemic had significantly affected the scale of the confidential computing market.
- The pandemic had brought to light the dangers and vulnerabilities linked to data breaches and cyberattacks, highlighting the significance of confidential computing for maintaining data security and privacy.
- The pandemic also had a substantial effect on the confidential computing business in the healthcare sector.
- The healthcare sector handled very private patient information, such as medical records, identifying information, and research data.