Global Secure Multiparty Computation (SMPC) Market Size, Share & Trends Analysis Report By Offering (Solution, and Services), By Deployment Mode (Cloud, and On-Premises), By Vertical, By Regional Outlook and Forecast, 2024 - 2031

Global Secure Multiparty Computation (SMPC) Market Size, Share & Trends Analysis Report By Offering (Solution, and Services), By Deployment Mode (Cloud, and On-Premises), By Vertical, By Regional Outlook and Forecast, 2024 - 2031


The Global Secure Multiparty Computation (SMPC) Market size is expected to reach $1.7 billion by 2031, rising at a market growth of 11.0% CAGR during the forecast period.

As online shopping continues to grow, retail and e-commerce companies are handling increasing volumes of consumer data, including payment information, purchase histories, and personal details. Protecting this sensitive data from breaches and misuse has become paramount. SMPC provides a solution by enabling secure data analytics and personalized marketing efforts without compromising customer privacy. For instance, retailers can use SMPC to analyze consumer behavior patterns and optimize supply chain operations while ensuring that individual customer data remains confidential. Thus, the retail & eCommerce segment acquired 10% revenue share in the market 2023.

The frequency and sophistication of data breaches and cyber threats are rising in the current digital landscape, making data privacy a paramount concern for organizations across all sectors. Every year, millions of individuals and companies fall victim to data breaches, leading to significant financial losses, reputational damage, and legal repercussions.

Additionally, Cloud computing, parallel processing capabilities, and potent processors have significantly enhanced the capacity to perform intricate cryptographic computations. This increased computational power has mitigated the performance bottlenecks that once hindered the adoption of SMPC, making it possible to execute secure multiparty computations at previously unattainable scales.

However, SMPC protocols demand robust computational resources to handle their intensive cryptographic operations. This often necessitates the purchase of high-performance servers, advanced processors, and potentially even custom hardware designed specifically to accelerate cryptographic computations. The high implementation costs will continue to be a significant barrier to widespread adoption.

Offering Outlook

Based on offering, the market is bifurcated into solution and services. The solution segment garnered the 66% revenue share in the secure multiparty computation (SMPC) market in 2023. The primary factor driving the solutions segment is the growing necessity for robust data security and privacy measures in response to the proliferation of cyber threats and data breaches.

Vertical Outlook

By vertical, the market is divided into BFSI, IT & ITeS, government, healthcare, retail & e-commerce, and others. The IT & ITeS segment garnered 17% revenue share in the market in 2023.

Deployment Mode Outlook

On the basis of deployment mode, the market is classified into cloud and on-premises. The on-premises segment recorded 28% revenue share in the market in 2023. The demand for improved data control, security, and compliance, particularly in industries that are highly regulated, such as finance, healthcare, and government, is the primary driver of the on-premises segment.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment recorded 25% revenue share in the market in 2023. Several factors contribute to this growth, including the rapid digital transformation across emerging economies, increasing internet penetration, and a surge in cyber threats.

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.
Global Secure Multiparty Computation (SMPC) Market Report Segmentation

By Offering
  • Solution
  • Services
By Deployment Mode
  • Cloud
  • On-Premises
By Vertical
  • BFSI
  • IT & ITeS
  • Government
  • Retail & eCommerce
  • Healthcare
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Secure Multiparty Computation (SMPC) Market, by Offering
1.4.2 Global Secure Multiparty Computation (SMPC) Market, by Deployment Mode
1.4.3 Global Secure Multiparty Computation (SMPC) Market, by Vertical
1.4.4 Global Secure Multiparty Computation (SMPC) Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. Global Secure Multiparty Computation (SMPC) Market by Offering
5.1 Global Solution Market by Region
5.2 Global Services Market by Region
Chapter 6. Global Secure Multiparty Computation (SMPC) Market by Deployment Mode
6.1 Global Cloud Market by Region
6.2 Global On-Premises Market by Region
Chapter 7. Global Secure Multiparty Computation (SMPC) Market by Vertical
7.1 Global BFSI Market by Region
7.2 Global IT & ITeS Market by Region
7.3 Global Government Market by Region
7.4 Global Retail & eCommerce Market by Region
7.5 Global Healthcare Market by Region
7.6 Global Others Market by Region
Chapter 8. Global Secure Multiparty Computation (SMPC) Market by Region
8.1 North America Secure Multiparty Computation (SMPC) Market
8.1.1 North America Secure Multiparty Computation (SMPC) Market by Offering
8.1.1.1 North America Solution Market by Region
8.1.1.2 North America Services Market by Region
8.1.2 North America Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.1.2.1 North America Cloud Market by Country
8.1.2.2 North America On-Premises Market by Country
8.1.3 North America Secure Multiparty Computation (SMPC) Market by Vertical
8.1.3.1 North America BFSI Market by Country
8.1.3.2 North America IT & ITeS Market by Country
8.1.3.3 North America Government Market by Country
8.1.3.4 North America Retail & eCommerce Market by Country
8.1.3.5 North America Healthcare Market by Country
8.1.3.6 North America Others Market by Country
8.1.4 North America Secure Multiparty Computation (SMPC) Market by Country
8.1.4.1 US Secure Multiparty Computation (SMPC) Market
8.1.4.1.1 US Secure Multiparty Computation (SMPC) Market by Offering
8.1.4.1.2 US Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.1.4.1.3 US Secure Multiparty Computation (SMPC) Market by Vertical
8.1.4.2 Canada Secure Multiparty Computation (SMPC) Market
8.1.4.2.1 Canada Secure Multiparty Computation (SMPC) Market by Offering
8.1.4.2.2 Canada Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.1.4.2.3 Canada Secure Multiparty Computation (SMPC) Market by Vertical
8.1.4.3 Mexico Secure Multiparty Computation (SMPC) Market
8.1.4.3.1 Mexico Secure Multiparty Computation (SMPC) Market by Offering
8.1.4.3.2 Mexico Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.1.4.3.3 Mexico Secure Multiparty Computation (SMPC) Market by Vertical
8.1.4.4 Rest of North America Secure Multiparty Computation (SMPC) Market
8.1.4.4.1 Rest of North America Secure Multiparty Computation (SMPC) Market by Offering
8.1.4.4.2 Rest of North America Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.1.4.4.3 Rest of North America Secure Multiparty Computation (SMPC) Market by Vertical
8.2 Europe Secure Multiparty Computation (SMPC) Market
8.2.1 Europe Secure Multiparty Computation (SMPC) Market by Offering
8.2.1.1 Europe Solution Market by Country
8.2.1.2 Europe Services Market by Country
8.2.2 Europe Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.2.1 Europe Cloud Market by Country
8.2.2.2 Europe On-Premises Market by Country
8.2.3 Europe Secure Multiparty Computation (SMPC) Market by Vertical
8.2.3.1 Europe BFSI Market by Country
8.2.3.2 Europe IT & ITeS Market by Country
8.2.3.3 Europe Government Market by Country
8.2.3.4 Europe Retail & eCommerce Market by Country
8.2.3.5 Europe Healthcare Market by Country
8.2.3.6 Europe Others Market by Country
8.2.4 Europe Secure Multiparty Computation (SMPC) Market by Country
8.2.4.1 Germany Secure Multiparty Computation (SMPC) Market
8.2.4.1.1 Germany Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.1.2 Germany Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.1.3 Germany Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.2 UK Secure Multiparty Computation (SMPC) Market
8.2.4.2.1 UK Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.2.2 UK Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.2.3 UK Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.3 France Secure Multiparty Computation (SMPC) Market
8.2.4.3.1 France Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.3.2 France Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.3.3 France Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.4 Russia Secure Multiparty Computation (SMPC) Market
8.2.4.4.1 Russia Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.4.2 Russia Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.4.3 Russia Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.5 Spain Secure Multiparty Computation (SMPC) Market
8.2.4.5.1 Spain Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.5.2 Spain Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.5.3 Spain Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.6 Italy Secure Multiparty Computation (SMPC) Market
8.2.4.6.1 Italy Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.6.2 Italy Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.6.3 Italy Secure Multiparty Computation (SMPC) Market by Vertical
8.2.4.7 Rest of Europe Secure Multiparty Computation (SMPC) Market
8.2.4.7.1 Rest of Europe Secure Multiparty Computation (SMPC) Market by Offering
8.2.4.7.2 Rest of Europe Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.2.4.7.3 Rest of Europe Secure Multiparty Computation (SMPC) Market by Vertical
8.3 Asia Pacific Secure Multiparty Computation (SMPC) Market
8.3.1 Asia Pacific Secure Multiparty Computation (SMPC) Market by Offering
8.3.1.1 Asia Pacific Solution Market by Country
8.3.1.2 Asia Pacific Services Market by Country
8.3.2 Asia Pacific Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.2.1 Asia Pacific Cloud Market by Country
8.3.2.2 Asia Pacific On-Premises Market by Country
8.3.3 Asia Pacific Secure Multiparty Computation (SMPC) Market by Vertical
8.3.3.1 Asia Pacific BFSI Market by Country
8.3.3.2 Asia Pacific IT & ITeS Market by Country
8.3.3.3 Asia Pacific Government Market by Country
8.3.3.4 Asia Pacific Retail & eCommerce Market by Country
8.3.3.5 Asia Pacific Healthcare Market by Country
8.3.3.6 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Secure Multiparty Computation (SMPC) Market by Country
8.3.4.1 China Secure Multiparty Computation (SMPC) Market
8.3.4.1.1 China Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.1.2 China Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.1.3 China Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.2 Japan Secure Multiparty Computation (SMPC) Market
8.3.4.2.1 Japan Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.2.2 Japan Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.2.3 Japan Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.3 India Secure Multiparty Computation (SMPC) Market
8.3.4.3.1 India Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.3.2 India Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.3.3 India Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.4 South Korea Secure Multiparty Computation (SMPC) Market
8.3.4.4.1 South Korea Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.4.2 South Korea Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.4.3 South Korea Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.5 Singapore Secure Multiparty Computation (SMPC) Market
8.3.4.5.1 Singapore Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.5.2 Singapore Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.5.3 Singapore Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.6 Malaysia Secure Multiparty Computation (SMPC) Market
8.3.4.6.1 Malaysia Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.6.2 Malaysia Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.6.3 Malaysia Secure Multiparty Computation (SMPC) Market by Vertical
8.3.4.7 Rest of Asia Pacific Secure Multiparty Computation (SMPC) Market
8.3.4.7.1 Rest of Asia Pacific Secure Multiparty Computation (SMPC) Market by Offering
8.3.4.7.2 Rest of Asia Pacific Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.3.4.7.3 Rest of Asia Pacific Secure Multiparty Computation (SMPC) Market by Vertical
8.4 LAMEA Secure Multiparty Computation (SMPC) Market
8.4.1 LAMEA Secure Multiparty Computation (SMPC) Market by Offering
8.4.1.1 LAMEA Solution Market by Country
8.4.1.2 LAMEA Services Market by Country
8.4.2 LAMEA Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.2.1 LAMEA Cloud Market by Country
8.4.2.2 LAMEA On-Premises Market by Country
8.4.3 LAMEA Secure Multiparty Computation (SMPC) Market by Vertical
8.4.3.1 LAMEA BFSI Market by Country
8.4.3.2 LAMEA IT & ITeS Market by Country
8.4.3.3 LAMEA Government Market by Country
8.4.3.4 LAMEA Retail & eCommerce Market by Country
8.4.3.5 LAMEA Healthcare Market by Country
8.4.3.6 LAMEA Others Market by Country
8.4.4 LAMEA Secure Multiparty Computation (SMPC) Market by Country
8.4.4.1 Brazil Secure Multiparty Computation (SMPC) Market
8.4.4.1.1 Brazil Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.1.2 Brazil Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.1.3 Brazil Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.2 Argentina Secure Multiparty Computation (SMPC) Market
8.4.4.2.1 Argentina Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.2.2 Argentina Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.2.3 Argentina Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.3 UAE Secure Multiparty Computation (SMPC) Market
8.4.4.3.1 UAE Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.3.2 UAE Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.3.3 UAE Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.4 Saudi Arabia Secure Multiparty Computation (SMPC) Market
8.4.4.4.1 Saudi Arabia Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.4.2 Saudi Arabia Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.4.3 Saudi Arabia Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.5 South Africa Secure Multiparty Computation (SMPC) Market
8.4.4.5.1 South Africa Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.5.2 South Africa Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.5.3 South Africa Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.6 Nigeria Secure Multiparty Computation (SMPC) Market
8.4.4.6.1 Nigeria Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.6.2 Nigeria Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.6.3 Nigeria Secure Multiparty Computation (SMPC) Market by Vertical
8.4.4.7 Rest of LAMEA Secure Multiparty Computation (SMPC) Market
8.4.4.7.1 Rest of LAMEA Secure Multiparty Computation (SMPC) Market by Offering
8.4.4.7.2 Rest of LAMEA Secure Multiparty Computation (SMPC) Market by Deployment Mode
8.4.4.7.3 Rest of LAMEA Secure Multiparty Computation (SMPC) Market by Vertical
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Google LLC (Alphabet Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Fireblocks Inc.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Blockdaemon
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Acquisition and Mergers:
9.5.3 SWOT Analysis
9.6 Qredo Services Ltd.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Product Launches and Product Expansions:
9.6.2.2 Acquisition and Mergers:
9.6.3 SWOT Analysis
9.7 Penta Security Inc.
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Zengo Ltd.
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Inpher
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. CYBAVO Pte. Ltd.
9.10.1 Company Overview
9.10.2 SWOT Analysis
Chapter 10. Winning Imperatives for Secure multiparty computation (smpc) market

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