Secure Multiparty Computation Market Size, Share and Trends 2025 to 2034

What is the Secure Multiparty Computation Market Size?

The global secure multiparty computation market size accounted for USD 993.13 million in 2025 and is predicted to increase from USD 1,110.62 million in 2026 to approximately USD 2,716.65 million by 2034, expanding at a CAGR of 11.83% from 2025 to 2034. The demand for secure data sharing and computation has increased in various organisations, driving the global market. Increased adoption of cloud computing and collaborations between industries are driving the adoption of the market.

Secure Multiparty Computation Market Key Takeaways

• North America dominated the global market with the largest market share of 38% in 2024.
• Europe is expected to grow at the fastest CAGR during the forecast period.
• The Asia Pacific market has been growing at a notable rate in recent years.
• By offering, the solution segment contributed the highest market share in 2024.
• By offering, the services segment is expected to grow at a CAGR over the forecast period.
• By deployment, the cloud segment captured the biggest market share in 2024.
• By deployment, the on-premises segment is expected to grow rapidly in the coming years.
• By vertical, the healthcare segment captured the leading market share in 2024.
• By vertical, the BFSI segment is poised to grow at a significant CAGR over the forecast period.

Strategic Overview of the Global Secure Multiparty Computation Industry

The secure multiparty computation market has witnessed transformative growth due to the increased adoption of digital technologies in the industries. Large-scale data, data analytic processing, and digitalization create complexity in privacy-preserving computation. Secure multiparty computation is the cryptographic protocol used to compute a function over the inputs of multiple parties. Organizations have increased the adoption of this protocol to perform computation on private data without revealing individual inputs. The increased concern over data privacy, security, cyber threats, and fraud is driving the adoption of advanced computation technologies, including secure multiparty computation solutions.

The rising collaborative approaches among organizations and stakeholders are highly contributing to the need for secure multiparty computation market solutions. Factors like the increased adoption of cloud computing, the need for secure data collaborations, the adoption of homomorphic encryption, and the demand for secure multiparty computation in cloud computation environments are fueling the adoption of these solutions. Regulatory compliance and requirements to maintain and manage security and privacy of data sharing, encouraging organizations to adopt secure multiparty computation solutions. Additionally, the rising focus on quantum-secure multiparty computation solutions is anticipated to bring significant space for advancements in the market.

Artificial Intelligence: The Next Growth Catalyst in Secure Multiparty Computation

The integration of artificial intelligence (AI) with secure multiparty computation (SMPC) protocol is the transformative approach enabling the high speed and effectiveness of secure multiparty computation solutions. AI31 trade detection and predictive analytics can help secure multiparty computation solutions and anticipate and prevent potential security threats and breaches. AI Sable 2 on how to meet complex computations helps to reduce constitutional law and improve efficiency. AI-driven systems facilitate secure data sharing among multiple parties and provide more efficient and secure contract management. AI integration is the major approach in reducing data centralization, such as single points of failure and data breaches. A decentralized AI concept is taking place in the world.

Market Outlook

• Market Growth Overview: The secure multiparty computation market is expected to grow significantly between 2025 and 2034, driven by the increasing industry adoption, advancement in technology, and integration with blockchain.
• Sustainability Trends: Sustainability trends involve improving computational efficiency to reduce energy consumption and using the technology itself to facilitate data-driven sustainable practices across various industries.
• Major Investors:Major investors in the market include Microsoft, Google, IBM, Alibaba Group, and Intel Corporation.
  Startup Economy: The startup economy is focused on niche applications, targeting specific verticals, and open source contributions.

Secure Multiparty Computation Market Growth Factors

• Advancements in cryptography: The adoption of secure multiparty computation solutions has witnessed rapid growth due to increased advances in cryptographic technologies. This advancement has made secure multiparty computation more secure and efficient.
• Adoption of cloud computing: The adoption of cloud computing has increased, driving the need for secure and data privacy solutions, including secure multiparty computation solutions.
• Rising collaboration: Collaboration approaches among organizations and stakeholders have increased, driving demand for secure data-sharing solutions.
• Investments and developments: The investments in secure multiparty computation research and developments have increased, enabling access to advanced and cost-effective solutions.
• Regulatory requirements: Industries are required to meet regulatory requirements. Stricter data protection regulations encourage the integration of secure multiparty computation solutions within organizations.

Market Scope

Market Dynamics

Drivers

Stringent data protection regulations

The concern over data protection and cyber threats has increased, coupled with stringent data protection regulations like GDPR, CCPA, and HIPAA. These regulations are encouraging the adoption of secure multiparty computation solutions. GDPR has driven demand for secure multiparty computation solutions to ensure data computation and sharing. HIPAA regulations promote the adoption of these solutions to ensure healthcare security and privacy.

CCPA drives the need to adopt solutions to protect consumer data in various industries. Regulations require handling sensitive data, driving the adoption of secure multiparty computations. Additionally, regulatory encouragements lead to increased investments in secure multiparty computation research and investments to create further opportunities for the market.

Restraint

Increased computation time

Secure multiparty computation protocols require complex computation resulting in slow computation speed, resulted in slow computation speed creates challenges for real-time applications. The increased computation times lead to higher latency and scalability issues. The high computation time of secure multiparty computation solutions hampers their adoption in various industries. Healthcare and fiancé are the major industries facing these challenges as they need quick and crucial decisions.

Opportunity

Growth in cloud computing

The need for scalability, flexibility, and cost-effective solutions has increased the adoption of cloud computing in industries. The increased demand for cloud-based security has witnessed growth due to this adoption. The cloud service providers are increasing their offering of advanced security services, including secure multiparty computation solutions. Increased adoption of cloud computing creates opportunities for cloud-based secure multiparty computation solutions to ensure secure multiparty computation in cloud environments. Additionally, regulatory compliance and requirements empower technological advancements to ensure security and privacy measures in cloud computing environments.

Segment Insights

Offering Insights

The solution segment accounted for the largest secure multiparty computation market share in 2024 due to the increased adoption of secure and data privacy solutions in various industries. Organizations prefer the adoption of well-developed secure multiparty computation solutions to integrate into existing systems to improve data security and regulatory compliance-related privacy. Technological advancements in cryptography and implemented security measures are fuddling the adoption of secure multiparty computation solutions. The segment growth is expected to continue as organizations rely on secure data collaboration to ensure innovations and operational efficiency.

• In October 2024, Worldcoin, a co-founded identity-proving cryptocurrency project by OpenAI Chief Executive Officer Sam Altman, announced rebranding and a new version of its Iris-scanning Orb.

The services segment is expected to grow at a CAGR over the forecast period of 2025 to 2034. The complexity risk of secure multiparty computation (SMBC) solutions requires specialized expertise in implementation and management. The increased focus on security, regular updates, and compliance-related regulations drives demand for professional services. Key vendors are expanding their services offering to comply with increased demand for secure multiparty computation services.

Deployment Insights

The cloud segment dominated the global secure multiparty computation market in 2024 due to organizations having increased cloud leverage for more scalability, flexibility, and cost-effectiveness. Cloud-based secure multiparty computation allows organizations to scale up and adopt changing business requirements. The increasing collaborations between multiple parties, regardless of location, drive demand for cloud-based secure multiparty computation solutions. Organizations can easily improve security features like encryption, access control, and auditing with cloud-based secure multiparty computation (SMPC).

On the other hand, the on-premises segment is expected to grow rapidly in the coming years. The organization needs to comply with strict regulatory data protection requirements. Industries such as finance, healthcare, and government are driving the adoption of on-premise-based secure multiparty computation to take control over data and infrastructure and ensure security and privacy. On-premises secure multiparty computation offers customization to meet specific organizational needs, providing scalability and flexibility.

Vertical Insights

The healthcare segment captured the leading secure multiparty computation market share in 2024. One of the major factors driving segment growth is the increased adoption of digital health technologies in healthcare, such as telemedicine and electronic health records (EHRs). Healthcare decentralization needs secure and private data sharing and computation solutions. The ongoing trend of personalized medicines is contributing to a high demand for secure and private data computation solutions to analyze genetic data and develop targeted therapies. Stringent regulations like HIPAA and GDPR are driving the adoption of secure multiparty computation solutions in healthcare.

• In May 2024, the Worldcoin Foundation launched its open-sourcing sourcing a novel, secure multiparty computation system. This system helps any organization to use and aims to set a new standard for data protection, including the protection of biometric data.

However, the BFSI segment is poised to grow at a significant CAGR over the forecast period of 2025 to 2034. BFSI organizations often need to collaborate with other regulators and stakeholders. Secure multiparty computation solutions enable this collaboration while ensuring sensitive financial data security. The shift of BFSI organizations toward digital transformations has increased the risk of cyber threats, data breaches, and fraud, driving the adoption of advanced security technologies, such as secure multiparty computation (SMPC).

Regional Insights

U.S. Secure Multiparty Computation Market Size and Growth 2025 to 2034

The U.S. secure multiparty computation market size is exhibited at USD 295.42 million in 2025 and is projected to be worth around USD 737.37 million by 2034, growing at a CAGR of 12.06% from 2025 to 2034.

High-Security Concerns Leading North American Market

North America dominates the global secure multiparty computation market due to various factors like high-security concerns, demand for secure data sharing, stringent data privacy regulations, and a strong digital infrastructure. North America is the early adopter of secure multiparty computation solutions. Well-established healthcare and finance are the major industries adapting solutions to secure their data. The presence of key players and the availability of a strong foundation for original secure multiparty computation solutions are driving the market.

U.S. Secure Multiparty Computation Trends

The United States is leading the regional secure multiparty computation market with the presence of major key vendors in the country. The United States has strengthened its focus on cybersecurity, data privacy regulations, and technological advancements. Stringent data privacy regulations encourage the adoption of secure multiparty computation solutions in various organizations in the country. The United States has a strong research and development ecosystem, and the collaborative approaches between universities and research institutes contribute to secure multiparty computation innovations and developments.

• In September 2024, MIT researchers developed a protocol that secures data during deep-learning processes on cloud servers by utilizing quantum mechanics. This quantum-based security protocol ensures privacy and model integrity with a high accuracy rate.

Favorable Regulatory Ecosystem: Pushing European Market Growth

Europe is seen to grow at the fastest rate in the secure multiparty computation market, driven by the stringent data protection regulations in Europe. The region has a favorable regulatory environment, with regulations like the General Data Protection Regulation (GDPR) driving the adoption of secure multiparty computation. Europe has a high demand for secure data sharing and collaboration, especially in the finance and healthcare industries, which has led to a high demand for secure multiparty computation solutions to ensure regulatory compliance while maintaining data security.

• In October 2024, a European research project, "Federated Secure Computing," launched by LMU Munich, demonstrated a novel approach to analyzing patient data from different institutions securely and anonymously, utilizing SMPC to analyze cancer patient data across national borders without sharing actual data.

Germany Secure Multiparty Computation Trends

Germany, leading the regional secure multiparty computation market with the country's robust technology sector, contributes to the development and adoption of advanced technologies like SMPC. The presence of high IT organizations drives high adoption of secure multiparty computation solutions in the country. Germany has witnessed growth in the adoption of cloud computing in a highly skilled workforce and supportive government environment. The high demand for solutions in industries like automotive and manufacturing is fueling the market expansion.

Business Promoting Environment in Asia Pacific

The Asia Pacific secure multiparty computation market has been growing at a notable rate in recent years due to increased concern over cyber threats and data privacy. The demand for secure data sharing and the adoption of digital transformation in the emerging ecosystem of Asia are driving the adoption of secure multiparty competition solutions. The economic growth of Asia contributes to high investments in technological infrastructure. The large and rapidly growing economy, a highly skilled workforce, and government support encourage the adoption of secure multiparty computation solutions.

China Secure Multiparty Computation Market Trends

China dominates the Asian secure multiparty computation market. The growth is attributed to countries' rapid digital transformation and demand for secure data sharing. Expanding retail & e-commerce and IT & ITeS sectors infrastructure are the major adopters of the protocol in the country. The robust automotive environment of the country creates significant opportunities for innovation in secure multiparty computation protocols.

• In January 2025, the Chinese government deepened its legislation and law enforcement activities for personal information protection, data resource development and use, data security, and cybersecurity. This helps to protect personal information across these key sectors, accelerates the market-oriented allocation of data elements, and requires enterprises to integrate various data security and cybersecurity management requirements through a series of law enforcement actions.

Secure Multiparty Computation Market Value Chain Analysis

Research & Development (R&D) and Protocol Design
This foundational stage involves theoretical computer science and cryptography research to design and refine secure computation protocols, such as secret sharing, garbled circuits, and oblivious transfer.

• Key Players: IBM and Microsoft.

Solution Development & Platform Integration
This stage involves transforming R&D breakthroughs into practical software solutions, platforms, and integrated services that can be deployed for real-world use.

• Key Players: Google (US), Duality Technologies, and Fireblocks.

Marketing & Sales
This stage focuses on promoting SMPC solutions to target verticals, such as banking, finance, healthcare, and government, and convincing potential clients of the value proposition.

• Key Players: Microsoft, IBM, Google Inpher, Sharemind, MPCVault.

Implementation & Post-Sales Services
This final stage involves the deployment of the SMPC solution within a client's infrastructure, providing training, technical support, and ongoing maintenance or managed services.

• Key Players: Wipro Managed Security Service Providers (MSSPs), Penta Security, and CYBAVO.

Top Companies in the Secure Multiparty Computation Market & Their Offerings:

• Microsoft: Microsoft contributes to the SMPC market through its Azure confidential computing platform, which enables secure data processing while protecting data in use using hardware-based trusted execution environments and secure enclaves.
• Google LLC:Google Cloud offers solutions like Confidential Space and the Analytics Hub, which utilize technologies like secure multiparty computation to enable multiple organizations to securely analyze sensitive data and train machine learning models without exposing the underlying raw data.
• IBM Corporation:IBM contributes through its extensive research arm, which develops foundational cryptographic protocols and applies them in practical enterprise solutions, including those for secure data sharing and privacy in hybrid cloud environments.
• Penta Security Inc.:Penta Security provides a range of security solutions, including those for secure data exchange and access control that may incorporate SMPC principles, particularly in the APAC region.
• Qredo Services Ltd.: Qredo provides a decentralized digital asset custody platform that relies heavily on its own implementation of secure multiparty computation for key management.
• Fireblocks: Fireblocks is a major player in the digital asset infrastructure market, utilizing an MPC-based key management system (MPC-CMP) to provide secure storage, transfer, and management of cryptocurrencies and other digital assets.
• Blockdaemon:Blockdaemon offers blockchain infrastructure and staking services, leveraging secure infrastructure and potentially MPC technology to secure validator keys and maintain the integrity of their network services.
• Zengo Ltd.: Zengo provides a keyless cryptocurrency wallet that uses MPC to secure user funds, removing the traditional vulnerability of a single private key. Their technology allows users to manage their digital assets with enhanced security and ease of use.
• Inpher: Inpher is a pioneer in Secret Computing, providing a platform that orchestrates secure, privacy-preserving analytical queries across distributed data sources using a combination of SMPC, homomorphic encryption, and other privacy-enhancing technologies.
• CYBAVO Pte. Ltd.:CYBAVO provides digital asset custody and blockchain security solutions, including a leading MPC-based wallet solution for enterprises and financial institutions.

Leader's Announcements

• In February 2025, BYDFi, a well-known crypto exchange, announced the launch of MoonX, a new Web3 on-chain trading platform designed for meme traders. MoonX aims to provide a fast, secure, and intuitive on-chain trading experience. This platform implements core security technologies from Safeheron, a self-custody platform for digital assets, leveraging cutting-edge technologies such as Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) to build an industry-leading key management system that ensures the highest level of security for users' assets.

Segments Covered in the Report

By Offering

• Solution
• Services

By Deployment

• Cloud
• On-premises

By Vertical

• BFSI
• IT & ITes
• Government
• Healthcare
• Retail & e-Commerce
• Others

By Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa