Secure Multiparty Computation Market Size Is Projected To Reach USD 1.72 Billion By 2030
San Francisco, 18 Sep 2024: The Report Secure Multiparty Computation Market Size, Share & Trends Analysis Report By Offering (Solution, Services), By Vertical (Healthcare, Government), By Deployment, By Region, And Segment Forecasts, 2024 - 2030 The global secure multiparty computation market size is expected to reach USD 1.72 billion 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 fue