Secure Multiparty Computation Market Report 2025

This Secure Multiparty Computation Market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The secure multiparty computation market size has grown rapidly in recent years. It will grow from $0.92 billion in 2024 to $1.05 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth during the historic period can be attributed to the increasing adoption of privacy-preserving technologies in financial services, a rise in data breaches, a growing demand for secure computation methods, the development of cryptographic protocols, the implementation of stricter data protection regulations, and the expansion of secure cloud computing platforms.

The secure multiparty computation market size is expected to see rapid growth in the next few years. It will grow to $1.77 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth during the forecast period can be attributed to the rising demand for decentralized financial applications (DeFi), advancements in quantum-resistant cryptographic hardware, the increasing use of SMPC in healthcare for secure patient data analytics, the growing adoption of secure AI and machine learning models, and the expansion of privacy laws in emerging economies driving SMPC adoption. Key trends in the forecast period include the integration of SMPC with blockchain for secure smart contracts, the use of secure hardware accelerators such as GPUs and FPGAs to improve SMPC efficiency, the expansion of SMPC applications in IoT for secure data-sharing protocols, the growth of SMPC-enabled platforms in the digital advertising industry, and the development of user-friendly SMPC frameworks to lower adoption barriers.

The growing adoption of cloud computing is expected to drive the growth of the secure multiparty computation (SMPC) market. Cloud computing refers to the delivery of computing services such as servers, storage, databases, networking, software, and analytics via the internet. The rise in cloud adoption is fueled by the need for enhanced data security and privacy, compliance with strict data protection regulations, and a growing demand for scalable and efficient data processing solutions. Secure multiparty computation enhances cloud computing by allowing multiple parties to process data collaboratively while maintaining privacy, ensuring sensitive information stays confidential and secure even in untrusted environments. For example, according to Thales Cloud Security, a US-based cloud company, a report published in February 2024 revealed that 71% of companies had implemented a formal cryptographic program, with 50% applying a well-established cryptographic policy throughout their operations. Additionally, 68% of companies use data encryption to protect sensitive data stored in the cloud, highlighting the importance of secure communications and data security. As a result, the increasing adoption of cloud computing is expected to drive the growth of the secure multiparty computation market.

Key companies in the secure multiparty computation market are focusing on innovative solutions, such as open-source innovations, to set new standards for data protection, including the security of biometric data. Open-source innovations support SMPC by providing accessible, transparent cryptographic protocols and frameworks, which enable collaboration, enhance security, and allow organizations to customize and deploy privacy-preserving solutions based on their specific needs. For instance, in May 2024, The Worldcoin Foundation, a US-based cryptocurrency company, launched its open-source secure multiparty computation technology to help businesses strengthen biometric data security. This initiative sets a new standard for biometric data protection by using advanced cryptographic techniques to ensure privacy and compliance. By making this technology available to companies globally, the Foundation aims to enhance trust in digital identity systems and promote responsible data management practices across industries.

In July 2022, Blockdaemon Inc., a US-based company providing blockchain infrastructure solutions, acquired Sepior ApS for an undisclosed amount. This acquisition aims to bolster Blockdaemon’s security infrastructure by integrating Sepior's secure multiparty computation (SMPC) technology, enhancing its ability to protect digital assets, enable secure key management solutions, and expand its offerings in institutional-grade blockchain security. Sepior ApS is a Denmark-based company specializing in secure multiparty computation (MPC) technology.

Major players in the secure multiparty computation market are Google LLC, Microsoft Corporation, International Business Machines Corporation, Binance Holdings Ltd., Sharemind, Fireblocks, Blockdaemon Inc., Qredo Ltd., Penta Security Inc., HyperBC, Zengo, Inpher Inc., Roseman Labs, Cybavo Pte. Ltd., Atato, Partisia Blockchain, Orochi Network, Pyte, DuoKey SA, Web3Auth, MPCVault, Linksight, Silence Laboratories, Liminal Custody.

North America was the largest region in the secure multiparty computation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in secure multiparty computation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the secure multiparty computation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Secure multiparty computation (SMPC) refers to a cryptographic technique that allows multiple users to collaboratively compute a function using their private inputs while maintaining the confidentiality of each party's data. This method ensures that no individual party can access the others' data, thereby guaranteeing privacy throughout the computation process.

The primary offerings in secure multiparty computation include solutions and services. SMPC solutions involve advanced cryptographic techniques and systems that enable multiple parties to jointly compute a function over their individual inputs without disclosing them to one another. Deployment modes for these solutions include cloud and on-premises, and they are applied across various industries such as banking, financial services, and insurance (BFSI), information technology (IT) and IT-enabled services (ITES), government, healthcare, retail and eCommerce, and others.

The secure multiparty computation market research report is one of a series of new reports that provides secure multiparty computation market statistics, including secure multiparty computation industry global market size, regional shares, competitors with a secure multiparty computation market share, detailed secure multiparty computation market segments, market trends and opportunities, and any further data you may need to thrive in the secure multiparty computation industry. This secure multiparty computation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The secure multiparty computation market consists of revenues earned by entities by providing services such as secure data sharing, voting systems, fraud detection and prevention, privacy data analysis, and secure aggregation. The market value includes the value of related goods sold by the service provider or included within the service offering. The secure multiparty computation market also includes sales of secure enclave processors, cryptographic hardware modules, and field-programmable gate arrays. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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