Global Trusted Platform Module (TPM) Market Size to Surpass

Atlanta, GA, March 09, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Trusted Platform Module (TPM) Market By Applications (Mobile Security, Automotive, Banking, Transport, Pay TV & ID, Wearable, And Security In Internet Of Things (IoT) Connectivity), By Type (TPM 1.2, And TPM 2.0), By Implementation Type (Discrete, Integrated, And Firmware), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Trusted Platform Module (TPM) Market size & share in terms of revenue was valued at USD 1965 million in 2022 and it is expected to surpass around USD 5725 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.89% during the forecast period 2023 to 2030.”

What is Trusted Platform Module (TPM)? How big is the Trusted Platform Module (TPM) Industry?

Trusted Platform Module (TPM) is a specialized chip or module that is designed to provide secure hardware-based storage and processing of sensitive data, such as encryption keys, digital certificates, and user credentials. TPM can also help to protect against various security threats, such as malware, phishing, and identity theft.

The size of the Trusted Platform Module (TPM) industry is expected to grow significantly in the coming years. According to a report by Zion Market Research, the global Trusted Platform Module (TPM) market was valued at USD 2.69 billion in 2020 and is expected to surpass USD 5.725 billion by 2030, exhibiting a CAGR of 7.89% during the forecast period. The increasing demand for secure computing and communication devices, along with the growing use of cloud computing and the internet of things (IoT), is driving the growth of the TPM market.

Report Overview:

The global trusted platform module (TPM) market size was worth around USD 1965 Million in 2021 and is predicted to grow to around USD 5725 Million by 2030 with a compound annual growth rate (CAGR) of roughly 14.30% between 2022 and 2030

A trusted Platform Module (TPM) is a microcontroller or a computer chip used to store security artifacts related to platform authentication. The artifacts may vary from computer passwords, encryption keys, certificates, and other security-related digital data. TPM is also widely used to install platform measurements that can determine if a certain platform has been tampered with and if it is trustworthy or not. The technology comprises two main components.

The first is called authentication which entails the system’s ability to prove that it is what it claims to be. The second is the attestation process proving that the system has not been breached and can be trusted. The module can be used in personal computers, laptops, smartphones, and network equipment. Hardware-based cryptography makes sure that the data is well protected as compared to the security provided by the software. Secrets or encrypted data can be stored on the TPM with the help of many applications which make it difficult to access any information on the device without sufficient and predetermined authorization. If the platform configuration changes due to unauthorized activities, the data can be sealed with assistance from such applications.

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Global Trusted Platform Module (TPM) Market: Growth Factors

However, there has been a growing concern over the debate related to if the TPM can control the software installed in personal electronic systems. Even though TPM can store pre-run time parameters related to the configuration, other applications are responsible for determining and implementing policies that are associated with it. Digital signing, securing secrets, and other data can be made safer with TPM. For example, during boot time, if a system claims to have been tampered with, highly secured data will automatically go into the secure zone till the time the issue is dealt with and reverted. TPM allows for understanding if a certain artifact needed to sign secure emails or messages has been compromised by software or cyber-attacks.

Covid-19 may show promising results for the global trusted platform module market cap owing to the increase in the use of TPN during the period 2020 and 2021 to secure digital information. During the initial phase of the virus, growth in the number of cyber-attacks increased by a huge margin forcing organizations or individuals to enlist the aid of TPN to protect information from critical virus attacks of ransomware.

The global trusted platform module (TPM) market is anticipated to grow owing to the increasing need for securing digital information present on the internet. In June 2020, Swissinfo.ch compiled data from the National Cyber Security Center and reported that more than 350 cyber-attack cases were reported in Switzerland in April 2020.

The attacks included a direct attack on the organization, phishing, and fraudulent websites to name a few. As per official reports, more than 45% of people are known to have fallen prey to fraudulent phishing calls. In January 2020, more than GBP 11 million were lost due to Covid-19-related cyber-attacks. The growing need to upgrade security systems as a result of a higher adoption trend of digital and internet technology is anticipated to increase global market cap expansion during the forecast period.

The doubts related to the efficiency of TPM in protecting copyright infringement may restrict global market expansion. The rising trend of smart technology adoption is expected to provide global trusted platform module industry growth opportunities. The varied government regulations related to the TPM deliverables are projected to challenge global market growth

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Report Scope

Report Attribute	Details
Market Size in 2022	USD 1965 million
Projected Market Size in 2030	USD 5725 million
CAGR Growth Rate	7.89% CAGR
Base Year	2022
Forecast Years	2023-2030
Key Market Players	Infineon Technologies AG, Nuvoton Technology Corporation, STMicroelectronics N.V., Microchip Technology Inc., Winbond Electronics Corporation, Broadcom Inc., Fujitsu Limited, Samsung Electronics Co. Ltd., Toshiba Corporation, HP, IBM, Security Innovation Inc., AMD, Intel Corporation, On Semiconductor Corporation, Nationz Technologies Inc., Texas Instruments Inc., Renesas Electronics Corporation, Cypress Semiconductor Corporation, Atmel Corporation (Microchip Technology Inc.), Hewlett Packard Enterprise Development LP, Lenovo Group Limited, Microsoft Corporation, Dell Inc., and others.
Key Segment	By Applications, By Type, By Implementation Type, And By Region
Major Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Purchase Options	Request customized purchase options to meet your research needs. Explore purchase options

Trusted Platform Module (TPM) Market: Segmentation Analysis

The global trusted platform module (TPM) market is segmented based on type, applications, implementation type, and region.

Based on type, the two global market segments are TPM 1.2 and TPM 2.0. The global market is currently dominated by TPM 2.0 since it supports even the new cryptographic algorithm. TPM 1.2 was only able to support the SHA-1 algorithm which is now being phased out.

Based on applications, the global market is divided into mobile security, automotive, banking, transport, Pay TV & ID, wearable, and security in Internet of Things (IoT) connectivity. Massive efforts are being put into applying a trusted platform module of security in IoT connectivity. Even though there is a lot of discussion around TPM controlling the system, the technology is known to be 100% passive for the rest of the system.

Based on the implementation, the trusted platform module industry is segmented into discrete, integrated, and firmware. The demand for integrated implementation is expected to grow at a CAGR of 15% in the coming years owing to the increasing safety issues.

The global Trusted Platform Module (TPM) market is segmented as follows:

By Applications

Mobile Security
Automotive
Banking
Transport
Pay TV & ID
Wearable
Security in Internet Of Things (IOT) connectivity

By Type

TPM 1.2
PM 2.0

By Implementation Type

Discrete
Integrated
Firmware

Browse the full “Trusted Platform Module (TPM) Market By Applications (Mobile Security, Automotive, Banking, Transport, Pay TV & ID, Wearable, and Security in Internet Of Things (IoT) Connectivity), By Type (TPM 1.2, and TPM 2.0), By Implementation Type (Discrete, Integrated, and Firmware), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”- Report at https://www.zionmarketresearch.com/report/trusted-platform-module-market

Competitive Landscape

Some of the main competitors dominating the global Trusted Platform Module (TPM) market include -

HP
IBM
Intel
Samsung
Nuvoton
Security Innovation Inc.
Microsoft
Lenovo
AMD
Nationz

Key Insights from Primary Research:

According to the analysis shared by our research forecaster, the Trusted Platform Module (TPM) market is likely to expand at a CAGR of around 7.89% during the forecast period (2023-2030).
In terms of revenue, the Trusted Platform Module (TPM) market size was valued at around US$ 1965 million in 2022 and is projected to reach US$ 5725 million by 2030.
Based on type segmentation, The global market is currently dominated by TPM 2.0 since it supports even the new cryptographic algorithm 2021
Based on application segmentation, Massive efforts are being put into applying a trusted platform module of security in IoT connectivity.
On the basis of geography/region, Asia-Pacific may also generate high revenues because of regions like China, Taiwan, and Japan.

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Key questions answered in this report:

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Key Offerings:

Market Size & Forecast by Revenue | 2023−2030
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis By Applications, By Type, By Implementation Type, And By Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The global trusted platform module (TPM) may generate the highest revenue from North America mostly driven by the advanced technical architecture of the USA fostering innovation in technology. A large section of key TPM services providers is located in the US resulting in regional growth which is also aided by the strategic decision of the players to expand their global reach. The services provided by US players are acknowledged across the globe and many people or organizations prefer to use their technology even if there are options for domestic players providing the same services at a lower rate.

Asia-Pacific may garner significant results during the projection period owing to the increasing number of players in regions like China, India, Japan, and Singapore. The regional expansion may also be driven by the presence of skilled labor and sufficient space to set up manufacturing units at cost-effective prices.

By Region

North America
- U.S.
- Canada
- Rest of North America
Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

Recent Developments

In June 2019, the Trusted Computing Group (TCG) launched a new project to develop the world's smallest trusted platform module for the Internet of Things (IoT). The project is named the “world’s tiniest Trusted Platform Module (TPM)” and is intended to integrate directly with the host chip making sure the size of the systems that are not big to incorporate TPM can still retain the necessary RTS/RTR ability
In June 2021, Microsoft announced that to run Windows 11, computers will need to have the necessary TPM 2.0 support. The change was intended to improve security from the chip to the cloud along with raising safety baselines.

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FREQUENTLY ASKED QUESTIONS

Which key factors will influence trusted platform module (TPM) market growth over 2023-2030?
What will be the value of the trusted platform module (TPM) market during 2023-2030?
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Which are the major players leveraging the trusted platform module (TPM) market growth?

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