The North America Confidential Computing Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $58,653.2 million 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.
Free Valuable Insights: The Confidential Computing Market is Predict to reach USD 211.3 Billion by 2031, at a CAGR of 56.5%
Based on Component, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Data Security, Secure Enclaves, Pellucidity Between Users, and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Vertical, the market is segmented into BFSI, Healthcare, IT & Telecom, Government & Defense, Manufacturing, Retail & Consumer Goods, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By Deployment Mode
By Vertical
By Country
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