The North America Confidential Computing Market is expected to witness market growth of 54.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Confidential Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $58.65 billion by 2031. The Canada market is experiencing a CAGR of 56.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 56.2% during 2024-2031.
Confidential computing is a cloud computing technology designed to protect data while it is being processed. Traditionally, data can be encrypted while at rest (in storage) and in transit (during transfer) but protecting it while in use has been a challenge.
Additionally, confidential computing addresses this using specialized hardware called Trusted Execution Environments (TEEs) to create a secure area within a processor. This ensures that data is encrypted and inaccessible to unauthorized entities, even during processing.
Across North America, the adoption of confidential computing is rising as businesses seek to mitigate security risks associated with the growing e-commerce industry. Customers in the region spend much more time shopping online since they want to spend less time in retail locations. According to the International Trade Association, Canadians have embraced internet shopping in the face of a significant disruption in retail channels. In 2022, eCommerce was utilized by more than 27 million Canadians, which accounted for more than 75% of the nation's population.
The US market dominated the North America Confidential Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $58.65 billion by 2031. The Canada market is experiencing a CAGR of 56.6% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 56.2% during 2024-2031.
Confidential computing is a cloud computing technology designed to protect data while it is being processed. Traditionally, data can be encrypted while at rest (in storage) and in transit (during transfer) but protecting it while in use has been a challenge.
Additionally, confidential computing addresses this using specialized hardware called Trusted Execution Environments (TEEs) to create a secure area within a processor. This ensures that data is encrypted and inaccessible to unauthorized entities, even during processing.
Across North America, the adoption of confidential computing is rising as businesses seek to mitigate security risks associated with the growing e-commerce industry. Customers in the region spend much more time shopping online since they want to spend less time in retail locations. According to the International Trade Association, Canadians have embraced internet shopping in the face of a significant disruption in retail channels. In 2022, eCommerce was utilized by more than 27 million Canadians, which accounted for more than 75% of the nation's population.
List of Key Companies Profiled
- 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.
- Alibaba Cloud (Alibaba Group Holding Limited)
Market Report Segmentation
By Component- Software
- Hardware
- Services
- Data Security
- Secure Enclaves
- Pellucidity Between Users
- Others
- Cloud
- On-premise
- BFSI
- Healthcare
- IT & Telecom
- Government & Defense
- Manufacturing
- Retail & Consumer Goods
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Confidential Computing Market by Component
Chapter 6. North America Confidential Computing Market by Application
Chapter 7. North America Confidential Computing Market by Deployment Mode
Chapter 8. North America Confidential Computing Market by Vertical
Chapter 9. North America Confidential Computing Market by Country
Chapter 10. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America Confidential Computing Market include:- 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.
- Alibaba Cloud (Alibaba Group Holding Limited)
Methodology
LOADING...