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.
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
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.
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.
The global trusted platform module (TPM) market is further classified on the basis of region as follows:
Our in-depth analysis of the global trusted platform module (TPM) market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increasing adoption of devices, such as laptops, smartphones and tablets, and growing demand for enhanced security in devices.
The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2022-2031.
Less awareness about the benefits of TPM in lower economic regions is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the rapidly growing rate of industrialization, and rising penetration of e-commerce services in the region.
The major players in the market are IBM Corporation, Intel Corporation, Microsoft Corporation, Advanced Micro Devices, Inc., Hewlett-Packard Development Company, L.P., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, implementation type, application, and by region.
The integrated segment is anticipated to hold largest market size and is estimated grow at a notable CAGR over the forecast period and display significant growth opportunities.
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