Product Code: GVR-4-68040-436-8
Market Size & Trends:
The global secure multiparty computation market size was estimated at USD 794.1 million in 2023 and is projected to grow at a CAGR of 11.8% from 2024 to 2030. This expansion is driven by the increasing need for data privacy and security across industries, especially in sectors such as finance, healthcare, and government, where sensitive information is routinely handled. SMPC allows multiple parties to compute functions over their data while keeping it private collaboratively, making it an attractive solution for organizations aiming to protect confidential information while enabling collaborative data processing.
The rise of cyber threats, stringent regulatory frameworks, and the growing adoption of blockchain technology further fuel the demand for Secure Multiparty Computation (SMPC) solutions. In addition, advancements in cryptographic techniques and the increasing awareness of privacy-preserving technologies are contributing to the market's rapid expansion.
As businesses across the globe undergo digital transformation, the volume of data generated, shared, and processed is surging, heightening concerns around data breaches and unauthorized access. SMPC addresses these concerns by enabling secure data collaboration without exposing sensitive information, making it an essential tool in data-intensive industries. The rise of cloud computing and the Internet of Things (IoT) has further amplified the demand for secure data processing methods, as these technologies involve vast amounts of data exchange across multiple platforms.
Moreover, the regulatory landscape is becoming more stringent, with laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S. enforcing stricter data protection standards. Compliance with these regulations is driving organizations to adopt SMPC to ensure that they meet legal requirements while maintaining operational efficiency. The competitive landscape is also intensifying, with key players investing heavily in research and development to enhance the scalability and efficiency of SMPC solutions. This innovation, combined with increasing awareness of the benefits of privacy-preserving computation, is expected to sustain the market's robust growth trajectory.
Global Secure Multiparty Computation Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global secure multiparty computation market report based on offering, deployment, vertical, and region:
- Offering Outlook (Revenue, USD Billion, 2017 - 2030)
- Solution
- Services
- Deployment Outlook (Revenue, USD Billion, 2017 - 2030)
- Cloud
- On-premises
- Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
- BFSI
- IT & ITes
- Government
- Healthcare
- Retail & e-Commerce
- Others
- Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- MEA
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Secure Multiparty Computation (SMPC) Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Rising Adoption of Cloud and AI Technologies
- 3.4.1.2. Increasing Use of Collaborative Data Analytics
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. Limited Awareness and Understanding
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Secure Multiparty Computation (SMPC) Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. Secure Multiparty Computation (SMPC) Market: Offering Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Secure Multiparty Computation (SMPC) Market: Offering Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Secure Multiparty Computation (SMPC) Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Secure Multiparty Computation (SMPC) Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Cloud
- 5.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. On-premises
- 5.4.1. On-premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Secure Multiparty Computation (SMPC) Market: Vertical Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Secure Multiparty Computation (SMPC) Market: Vertical Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. IT & ITes
- 6.4.1. IT & ITes Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Government
- 6.5.1. Government Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Healthcare
- 6.6.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Retail & e-Commerce
- 6.7.1. Retail & e-Commerce Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Secure Multiparty Computation (SMPC) Market: Regional Estimates & Trend Analysis
- 7.1. Secure Multiparty Computation (SMPC) Market Share, By Region, 2023 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.2.3. North America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.2.4. North America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.3.3. Europe Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017
- 7.3.4. Europe Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. UK Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.3.5.3. UK Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.3.5.4. UK Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.3.7.3. France Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.3.7.4. Frace Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.5.3. China Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.5.4. China Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.7.3. India Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.7.4. India Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. South Korea Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.8.3. South Korea Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.8.4. South Korea Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East and Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.6.5. KSA
- 7.6.5.1. KSA Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. KSA Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.6.5.3. KSA Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.6.5.4. KSA Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. UAE Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.6.6.3. UAE Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.6.6.4. UAE Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Deployment, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Secure Multiparty Computation (SMPC) Market Estimates and Forecasts, by Vertical, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.6.1. Expansion
- 8.6.2. Mergers & Acquisition
- 8.6.3. Partnerships & Collaborations
- 8.6.4. New Product Launches
- 8.6.5. Research And Development
- 8.7. Company Profiles
- 8.7.1. IBM Corporation
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. Microsoft
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Google LLC
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. Fireblocks
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. Blockdaemon
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. Penta Security Inc.
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Qredo Services Ltd.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Zengo Ltd.
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Inpher
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. CYBAVO Pte. Ltd.
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments