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Trusted Platform Module (Tpm) Market size is expected to reach USD 6 Billion by the end of 2035, growing at a CAGR of 13% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of platform module (tpm) was USD 2 Billion. The growth of the market can be attributed to the increasing adoption of devices, such as laptops, smartphones, and tablets, where TPM is connected to the motherboard. The presence of these electronic devices can be noticed in the workplace to household facilities where several crucial tasks are executed using these devices such as banking. One by one, hundreds of sensitive information and credential keeps to be stored in the system that needs to be protected, hence, it becomes the major factor to hike the market growth over the forecast period. In 2021, the total number of smartphone subscriptions in the world was more than 6,000, up from about 5,800 in 2020 and 5,500 in 2019 respectively.
In addition to this, the global trusted platform module (TPM) market trends such as growing demand for enhanced security features in electronic devices used for transferring sensitive data owing to the rise in the number of external software attacks are also expected to drive market growth during the forecast period. There were more than 800 million malware infections in 2018, up from just 10 million malware infections in 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 shortly.
Growth Drivers
Growing Manufacturing and Sales of Desktop – TTMs are used in the motherboard of desktops, PCs, tablets, and others. TTMs are integrated into the motherboard of PCs to provide security features for storing sensitive information such as login credentials. As of 2021, the total shipment of desktops and PC was estimated to be around 85 million units. Additionally, in 2022, more than 15 million PCs were shipped by Lenovo.
Rising Penetration of Cloud Computing Services – as the penetration of cloud services is rising, it is also estimated to hike the number of cyber-attacks across the globe. For instance, the worth of cloud applications is estimated to reach approximately USD 150 billion by 2025. While the amount of data stored in the cloud was anticipated to be around 195 ZB by 2025.
Increasing Awareness among Global Population toward Mobile Security – in modern times, almost every adult has access to a mobile, and the knowledge associated with malware and phishing attacks is expected to hike the demand to install TPM in mobile phones. For instance, it was estimated that 80% of Android phones had at least 1 vulnerability.
Growing Number of Connection to the IoT Devices – the number of devices connected to the IoT devices is anticipated to hit approximately 25 billion by 2030.
Surge in the Cyber Attacks to Boost the Market – the main function of a trusted platform module (TPM) is to provide security to desktops, mobile, and tablets which results in the major growth factor of the market. It has been observed that every hour, around 97 data breaches took place in 2021.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~13% |
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Base Year Market Size (2022) |
~ USD 2 Billion |
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Forecast Year Market Size (2035) |
~ USD 6 Billion |
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Regional Scope |
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Type (TPM 1.2, TPM 2.0)
The global trusted platform module (TPM) market is segmented and analyzed for demand and supply by application into pay TV & ID, mobile security, automotive, banking, transport, and security in IoT Connectivity. Out of these types of applications, the mobile security segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the growing penetration of smartphones, coupled with a high need to protect these devices from security threats. For instance, in 2021, more than 15 billion mobile phones were anticipated to be operating across the globe. Apart from these, rising technological advancements in the field of mobile security backed by the surge in third-party attacks and scams are also predicted to boost the growth of the market segment in the future. Therefore, such factors are anticipated to propel the growth of the segment over the forecast period.
Implementation Type (Discrete, Integrated, Firmware)
The global trusted platform module (TPM) market is also segmented and analyzed for demand and supply by implementation type into discrete, integrated, and firmware. Amongst these three segments, the integrated segment is expected to garner a significant share in the year 2035. The growth of the segment can be ascribed to the excellent effectiveness of integrated TPM in protecting the identity and integrity of industrial PCs, servers, and controllers, and controlling access to sensitive data in an automated and connected factory. Integrated TPM is part of other chips used in hardware resistant to software bugs. Hence, such importance given to the security of PCs is expected to hike the growth of the segment over the forecast period.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Implementation Type |
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By Application |
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APAC Market Statistics
The Asia Pacific trusted platform module (TPM) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rapidly growing rate of industrialization, and rising penetration of e-commerce services in the region which is further estimated to hike the sales volume of laptops and PC. Online shopping allows better delivery of electronic products in rural areas as well which is estimated to add a large customer pool. 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, an upsurge in the adoption of IoT services is also expected to fuel market growth in the region in the coming years. Spending on IoT services in the Asia Pacific region is also observed to grow on the back of the higher inclination of the population towards the use of the internet. For instance, in 2019, approximately USD 150 billion were spent on the Internet of Things while India and South Korea were anticipated to spend on IoT nearly USD 20 billion and USD 25 billion in a similar year.
North American Market Forecast
The North America trusted platform module (TPM) market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the increasing developments in digital technologies, and escalating demand for secured systems in the region backed by the rising cases of cyber-attacks in the region. This significant surge in cyber-attacks is expected to cost a notable amount of money from businesses. For instance, in 2022, approximately USD 12 million were cost by around 11,000 incidents of phishing attacks in the United States. Hence, such a higher prevalence of cyber-attacks is projected to expand the market size in the region over the forecast period.
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Infineon Technologies AG to launch OPTIGA TPM 2.0 solution with an open-source software stack that helps in cutting down security integration efforts in automotive, industrial, and IoT applications. OPTIGA TPM 2.0 solution is based on a Linux system and it was developed together with Intel Corporation Fraunhofer Institute for Secure Information Technology SIT.
Nuvoton Technology Corporation to announce its partnership with OnBoard Security 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).
Author Credits: Abhishek Verma, Hetal Singh
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