The North America Secure Multiparty Computation (SMPC) Market would witness market growth of 10.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Secure Multiparty Computation (SMPC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $443.2 million by 2031. The Canada market is experiencing a CAGR of 12.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.8% during (2024 - 2031).
Government agencies and public sector organizations also need secure data processing. National security, law enforcement, and public policy decision-making often require sensitive data analysis across multiple agencies and jurisdictions. SMPC enables secure inter-agency collaboration, ensuring that sensitive information remains protected even when used for critical analyses.
Moreover, intelligence agencies can use SMPC to share and analyse threat information without risking the exposure of classified data. This secure sharing and analysis capability can significantly enhance national security efforts and improve the effectiveness of public sector operations.
North America boasts a dense network of leading technology companies and prominent financial institutions. These entities actively seek secure solutions for data collaboration, and SMPC offers a compelling option that facilitates data sharing while preserving privacy. Finance and insurance comprised 8.3 percent (or $1.7 trillion) of the United States' gross domestic product in 2020. The provision of financial services and products contributes to the facilitation and financing of the export of manufactured commodities and agricultural products from the United States.
Based on Offering, the market is segmented into Solution, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-Premises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Government, Retail & eCommerce, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Secure Multiparty Computation (SMPC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $443.2 million by 2031. The Canada market is experiencing a CAGR of 12.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.8% during (2024 - 2031).
Government agencies and public sector organizations also need secure data processing. National security, law enforcement, and public policy decision-making often require sensitive data analysis across multiple agencies and jurisdictions. SMPC enables secure inter-agency collaboration, ensuring that sensitive information remains protected even when used for critical analyses.
Moreover, intelligence agencies can use SMPC to share and analyse threat information without risking the exposure of classified data. This secure sharing and analysis capability can significantly enhance national security efforts and improve the effectiveness of public sector operations.
North America boasts a dense network of leading technology companies and prominent financial institutions. These entities actively seek secure solutions for data collaboration, and SMPC offers a compelling option that facilitates data sharing while preserving privacy. Finance and insurance comprised 8.3 percent (or $1.7 trillion) of the United States' gross domestic product in 2020. The provision of financial services and products contributes to the facilitation and financing of the export of manufactured commodities and agricultural products from the United States.
Based on Offering, the market is segmented into Solution, and Services. Based on Deployment Mode, the market is segmented into Cloud, and On-Premises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Government, Retail & eCommerce, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Microsoft Corporation
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Fireblocks Inc.
- Blockdaemon
- Qredo Services Ltd.
- Penta Security Inc.
- Zengo Ltd.
- Inpher
- CYBAVO Pte. Ltd.
Market Report Segmentation
By Offering- Solution
- Services
- Cloud
- On-Premises
- BFSI
- IT & ITeS
- Government
- Retail & eCommerce
- Healthcare
- 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
Chapter 5. North America Secure Multiparty Computation (SMPC) Market by Offering
Chapter 6. North America Secure Multiparty Computation (SMPC) Market by Deployment Mode
Chapter 7. North America Secure Multiparty Computation (SMPC) Market by Vertical
Chapter 8. North America Secure Multiparty Computation (SMPC) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Microsoft Corporation
- IBM Corporation
- Google LLC (Alphabet Inc.)
- Fireblocks Inc.
- Blockdaemon
- Qredo Services Ltd.
- Penta Security Inc.
- Zengo Ltd.
- Inpher
- CYBAVO Pte. Ltd.
Methodology
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