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Trusted Platform Module (TPM) Market Segmentation by Type (TPM 1.2, and TPM 2.0); by Implementation Type (Discrete, Integrated, and Firmware); and by Application (Pay TV & ID, Mobile Security, Automotive, Banking, Transport, and Security in IoT Connectivity) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • March 2021- Infineon Technologies unveiled the launch of OPTIGA TPM 2.0 solution with open-source software stack that helps in cutting down security integration efforts in automotive, industrial and IoT applications.

  • February 2021- Nuvoton Technology and OnBoard Security announced a partnership to enhance security in the IoT domain. OnBoard Security’s TrustSentinel TSS 2.0 now supports Nuvoton’s NPCT family of Trusted Platform Modules (TPM).

Global Trusted Platform Module (TPM) Market Highlights Over 2022 - 2031

The global trusted platform module (TPM) market is estimated to garner a large amount of revenue by growing at a CAGR of ~14% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the increasing adoption of devices, such as laptops, smartphones and tablets, where TPM is connected to the motherboard. In 2021, the total number of smartphones subscriptions in the world were more than 6,000, up from about 5,800 in 2020 and 5,500 in 2019 respectively. Along with this, growing demand for enhanced security in devices owing to rise in the number of external software attacks is also expected to drive market growth in the forthcoming years. There were more than 800 million malware infections in 2018, up from just 10 million malwares a decade ago, i.e., 2009. Also, 92% of malware is delivered by email. Furthermore, there is a mounting requirement for protecting the applications and software from cyberattacks on systems where the chip is integrated. This is projected to raise the demand for TPM in cloud computing, which in turn is evaluated to offer ample growth opportunities to the market in the near future. 

Trusted Platform Module (TPM) Market Graph

The market is segmented by application into pay TV & ID, mobile security, automotive, banking, transport, and security in IoT connectivity, out of which, the mobile security segment is anticipated to hold the largest share in the global trusted platform module (TPM) market. This can be accounted to the growing penetration of smartphones, coupled with high need to protect these devices from security threats. Apart from these, rising technological advancements in the field of mobile security is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of implementation type, the integrated segment is assessed to occupy the largest share during the forecast period ascribing to the excellent effectiveness of integrated TPM in protecting the identity and integrity of industrial PCs, server and controllers, and controlling access to the sensitive data in an automated and connected factory.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Expenditure Image

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Trusted Platform Module (TPM) Market Regional Synopsis

Regionally, the global trusted platform module (TPM) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapidly growing rate of industrialization, and rising penetration of e-commerce services in the region. Since the beginning of the pandemic, six Southeast Asian countries have added more than 65 million online shoppers. The number of people shopping online in Southeast Asia is estimated to reach a value of about 350 million by 2026. In addition, upsurge in the adoption of IoT services is also expected to fuel the market growth in the region in the coming years. Moreover, the market in North America is projected to acquire the largest share during the forecast period owing to the increasing developments in digital technologies, and escalating demand for secured systems in the region.

Trusted Platform Module (TPM) Market Share Image

The global trusted platform module (TPM) market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global trusted platform module (TPM) market includes the following segments:

By Type

  • TPM 1.2
  • TPM 2.0

By Implementation Type

  • Discrete
  • Integrated
  • Firmware

By Application

  • Pay TV & ID
  • Mobile Security
  • Automotive
  • Banking
  • Transport
  • Security in IoT Connectivity

Growth Drivers

  • Increasing Adoption of Devices, Such as Laptops, Smartphones and Tablets
  • Growing Demand for Enhanced Security in Devices

Challenges

  • Less Awareness About the Benefits of TPM in Lower Economic Regions

Top Featured Companies Dominating the Market

  • IBM Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Intel Corporation
  • Microsoft Corporation
  • Advanced Micro Devices, Inc.
  • Hewlett-Packard Development Company, L.P.
  • Lenovo
  • Infineon Technologies AG
  • Nuvoton Technology Corporation
  • SAMSUNG ELECTRONICS CO., LTD.
  • Security Innovation Inc.

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