openPR Logo
Press release

Secure Multiparty Computation (SMPC) Market Key Players Analysis - Microsoft, IBM, Google, Fireblocks, Blockdaemon.

12-06-2024 07:03 AM CET | IT, New Media & Software

Press release from: InsightAce Analytic Pvt. Ltd

Secure Multiparty Computation (SMPC) Market

Secure Multiparty Computation (SMPC) Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Secure Multiparty Computation (SMPC) Market - (By Offering (Solution, Services), By Deployment Mode (Cloud, On-Premises), By Vertical (Banking, Financial Services, and Insurance (BFSI), IT & ITeS, Government, Healthcare, Retail and eCommerce)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Secure Multiparty Computation (SMPC) Market is valued at US$ 766.9 Mn in 2023, and it is expected to reach US$ 1,642.8 Mn by 2031, with a CAGR of xx% during the forecast period of 2024-2031.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2572

Secure Multiparty Computation (SMPC) is a cryptographic method that enables multiple entities to collaboratively perform a computation on their respective inputs while ensuring the privacy of those inputs. Each participant possesses a specific set of facts, and Secure Multi-participant Computation (SMPC) allows them to work together on calculations without disclosing their distinct inputs to each other.

The expansion of secure multiparty computation is propelled by the demand for private key security with SMPC and increased compliance with data privacy regulations. Additionally, the necessity for data security and enhanced situational awareness for secure computation drives the adoption of SMPC, enabling organizations to address evolving security challenges proactively. The emergence of AI, ML, and blockchain technologies into SMPC solutions drives significant growth by securing computation and enhancing data security.

Advances in AI and cryptographic techniques make SMPC more efficient, enabling scalable solutions that can handle large datasets and complex computations. The combination of AI and SMPC enhances scalability and accessibility, allowing organizations of all sizes to benefit from these technologies. The secure multiparty computation (SMPC) market revolves around technologies enabling multiple parties to compute a function collaboratively without revealing their private inputs. The growing demand for privacy-preserving computations in sectors like finance, healthcare, and government propels this market. SMPC solutions offer a way to balance data utility with privacy, addressing concerns in an era of increasing data breaches and privacy regulations. However, the market faces challenges such as performance optimization, user adoption, and the need for standardized protocols.

List of Prominent Players in the Secure Multiparty Computation (SMPC) Market:
• Microsoft
• IBM
• Google
• Fireblocks
• Blockdaemon
• Qredo
• Penta Security
• Zengo
• CYBAVO
• Liminal Custody
• Spatium
• Sharemind
• Atato
• Web3Auth
• Patricia Blockchain
• Orochi Network
• Binance
• Pyte
• Roseman Labs
• MPCVault
• DuoKey
• Linksight
• HyperBC

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02

Market Dynamics:
Drivers-
Increasing data privacy concerns, regulatory compliance requirements, and the growing need for secure data collaboration drive the secure multiparty computation (SMPC) market. As organizations handle sensitive information, SMPC offers a way to perform computations without revealing individual data inputs, enhancing security. The rise in cyber threats & data breaches further fuels demand for SMPC solutions. Additionally, advancements in cryptographic techniques and the expanding use of SMPC in sectors like finance, healthcare, and research contribute to market growth, ensuring secure and private data processing across various applications.

Challenges:
The SMPC market, which encompasses methods for parties to collaboratively determine a function over their inputs while maintaining input privacy, has numerous problems. One major challenge is the trade-off between computational efficiency and security, as more secure protocols can be significantly slower. It can deter potential users who require quick results for time-sensitive applications. Additionally, the complexity of SMPC protocols can be a barrier to entry for non-experts, limiting the market's reach. Interoperability between different SMPC systems and protocols is another issue, as it can be difficult to ensure compatibility and security when combining different technologies. Furthermore, the market must contend with the evolving threat landscape, where new attacks and vulnerabilities require continuous protocol updates and improvements.

Regional Trends:
The Asia-Pacific secure multiparty computation (SMPC) market is experiencing growth due to increasing digitalization and a rising need for data privacy and security across various sectors. The market is driven by the adoption of SMPC solutions in finance, healthcare, and government for secure data sharing and analysis. However, challenges such as technical complexity, scalability, and the need for skilled professionals may impact its expansion. The region's diverse regulatory environment also requires tailored solutions, adding to the complexity of market development. Besides, Europe had a remarkable share in the market due to the developed economy and the adoption of new strategies by the major players in the secure multiparty computation (SMPC) market. The global secure multiparty computation (SMPC) market has the potential for growth due to the existence of influential industry players and the growing collaboration among them to expand their market share in the region.

Recent Developments:
• In Apr 2024, Fireblocks added two new security features to its DeFi suite: dApp Protection and Transaction Simulation. Given the remarkable expansion of the DeFi industry, it has become increasingly crucial to implement proactive security measures. Fireblocks introduced new security enhancements in response to attackers leveraging the technical and opaque properties of DeFi. These features enhance the capabilities of institutional firms by offering real-time identification of threats, providing clear understanding of contract calls, and implementing preventive actions against hostile activity.
• In October 2022, an enterprise-ready privacy-enhanced data collaboration platform was released by Duality Technologies, the industry leader in secure data collaboration for businesses. It allows businesses to exchange and collaboratively analyze sensitive data while maintaining privacy and regulatory compliance. To calculate data without revealing it, Duality easily interacts with OpenFHE, the top open-source fully homomorphic encryption library. These consist of differential privacy, federated learning, multiparty computation, completely homomorphic encryption, and more.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2572

Segmentation of Secure Multiparty Computation (SMPC) Market-

By Offering:
• Solution
• Services
By Deployment Mode:
• Cloud
• On-Premises
By Vertical:
• Banking, Financial Services, and Insurance (BFSI)
• IT & ITeS
• Government
• Healthcare
• Retail and eCommerce
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2572

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Secure Multiparty Computation (SMPC) Market Key Players Analysis - Microsoft, IBM, Google, Fireblocks, Blockdaemon. here

News-ID: 3775101 • Views:

More Releases from InsightAce Analytic Pvt. Ltd

Drone Traffic Management Market Current Scenario with Future Trends Analysis to 2031
Drone Traffic Management Market Current Scenario with Future Trends Analysis to …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Drone Traffic Management Market- (By Type (Persistence, Non-Persistence), By Component (Persistence, Non-Persistence), By Solution (Communication Infrastructure, Surveillance Infrastructure, Navigation Infrastructure), By End-User (Communication Infrastructure, Surveillance Infrastructure, Navigation Infrastructure)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce Analytic, the Global Drone Traffic Management Market is valued at US$ 110.12
DNA Synthesizer Market Exclusive Report on Current Trends and Future Insights to 2031
DNA Synthesizer Market Exclusive Report on Current Trends and Future Insights to …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global DNA Synthesizer Market Size, Share & Trends Analysis Report By type (benchtop DNA synthesizers and large-scale DNA synthesizers), application (drug discovery & development, genetic engineering, and clinical diagnostics) and end users (academic & research institutes, pharmaceutical & biotechnology companies and clinical laboratories.), Region, Market Outlook And Industry Analysis 2031" The global DNA synthesizer market is estimated
DNA/RNA Sample Extraction and Isolation Market Latest Trends and Growth Factors Analysis 2024 to 2031
DNA/RNA Sample Extraction and Isolation Market Latest Trends and Growth Factors …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global DNA/RNA Sample Extraction and Isolation Market- (By Product (Consumables (Kits (DNA Kits, RNA Kits), Reagents), Instruments), By Technology (Consumable-Based Technology (Silica-Based, Magnetic Particle Technology, Other Technologies), Instrument-Based Technology (Automated Spin Column-Based, Magnetic Bead-Based, Automated Liquid Handling), By Application (PCR, NGS, Cloning, Microarray, Blotting Techniques, Other Applications), By End-User (Clinical Diagnostic and Forensic Laboratories, Research Academics
DNA Origami Market Investments, Share and Revenue Analysis Report to 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global DNA Origami Market Size, Share & Trends Analysis Report By Type (Single-stranded Scaffold DNA, Folding Kits, Staple Strand Oligos), By Structure (Static, Active), By Application (Nanorobots and fluorescence studies, Enzyme-substrate studies)- Market Outlook And Industry Analysis 2031" The Global DNA Origami Market is estimated to reach over USD 88.09 million by 2031, exhibiting a CAGR of

All 5 Releases


More Releases for SMPC

Antithrombin Market Report Up to 2031
Visiongain has published a new report on Antithrombin Market Report to 2031. Market is segmented by source (Human, Goat milk, others), By Application (Therapeutics, Research, Diagnostic, Others), By Type (Anticoagulants, Antiplatele, Thrombolytic Drugs). Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The report includes detailed Profiles of Leading Antithrombin Companies. PLUS COVID-19 Recovery Scenarios. Download Exclusive Sample of Report @ https://www.visiongain.com/report/antithrombin-market/#download_sampe_div The study covers detailed and insightful chapters
LPG Cylinder Market has taken Unexpectable Growth towards 2026 with the CAGR of …
Here WMR(Worldwide Market Reports) come up with New Report on “Asia-Pacific LPG Cylinder Market, Which provides key information about the industry, including very helpful and important facts and figures, industry expert opinions, and the keen understanding on latest Business developments across the globe. Our comprehensive market outlook is expected to support several clients and businesses to make better market decisions and align their market strategies with the changing market dynamics. About
Vishay “Super 12” TPC Series Transient Voltage Suppressors Now Shipping from …
NORTHVALE, NEW JERSEY – The Vishay Semiconductor’s Surface-Mount PAR® Transient Voltage Suppressor (TVS), a Vishay Super 12 Featured Product for 2016, is now available through New Yorker Electronics. This TPC Series of TVS Diodes provides high temperature stability and excel in high reliability conditions. They are also the industry’s first bi-directional TVS to feature peak power dissipation of 1500W in the compact SMPC (TO-277A) package with a low 1.1mm profile.
Marketing Authorisation in Europe 2009
2007/2008 have brought many changes in the field of regulatory affairs. 2009 casts its shadow ahead. - What kind of changes does the revision of the EU guidance on the SmPC bring? - What is the current status of the new variation regulation? - The paperless eCTD - is it a reality coming soon? - Sunset clause - are all questions answered? FORUM Institute fuer Management, one of the leading professional seminar and conference providers