Trusted Platform Module (TPM) Market Size, Share, Trends, Growth 2030

Trusted Platform Module (TPM) Industry Prospective:

The global trusted platform module (TPM) market size was worth around USD 1965 Million in 2022 and is predicted to grow to around USD 5725 Million by 2030 with a compound annual growth rate (CAGR) of roughly 14.30% between 2023 and 2030.

The report analyzes the globally trusted platform module (TPM) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the trusted platform module (TPM) market.

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Trusted Platform Module (TPM) Market: Overview

A trusted platform module (TPM), also referred to as ISO/IEC 11889 is an international standard for any secure cryptoprocessor which is a microprocessor on a computer-on-a-chip designed specifically to carry out the secure and cryptographic operation, that is embedded in a packaging consisting of multiple security measures making the system tamper resistant. TPM is designed to secure any hardware that it is installed into. Sometimes, any chip that conforms to the standard can also be referred to as a TPM.

The ISO 11889 is following Digital Rights Management (DRM), which relates to the management of legal access to any digital content. TPM forms an integral part of DRM with the help of tools like access control that can aid the restricted use of copyrighted works and proprietary hardware. Windows 11 requires TPM 2.0 and Microsoft has clearly stated that this is to upgrade security against ransomware and firmware attacks.

The trusted platform module provides a hardware random number generator that generates random numbers from a physical process instead of using any algorithm. TPM also facilitates the secure generation of cryptographic keys that are applicable for limited use only. ISO 11889 is extremely popular because the system generates an almost non-forgeable hash key summary for the software and hardware configuration which can be later used to confirm if the system has been tampered with. The process is called remote attestation. To encrypt the data also known as binding, TPM uses an exclusive Rivest–Shamir–Adleman cryptosystem. The system is also equipped with sealing technology which is similar to binding but includes the TPM state of the decrypted data.

Key Insights

• As per the analysis shared by our research analyst, the global trusted platform module (TPM) market is estimated to grow annually at a CAGR of around 14.30% over the forecast period (2023-2030).
• In terms of revenue, the global trusted platform module (TPM) market size was valued at around USD 1965 million in 2022 and is projected to reach USD 5725 million, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on type segmentation, TPM 2.0 was predicted to show maximum market share in the year 2022
• Based on implementation type segmentation, integrated was the leading revenue-generating implementation type in 2022.
• On the basis of region, North America was the leading revenue generator in 2022

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Covid-19 Impact:

The global market cap may be positively influenced by Covid-19 since post-2020, the use of digital technology for data management has increased immensely. With the increase in remote work culture and the emergence of many IT companies catering to the high demand for excellent digital infrastructure, the use of internet-based services has taken a huge forward climb and is expected to drive the market further. The E-commerce share of global trade has managed to climb from 14% in 2019 to over 17% in 2020.

Trusted Platform Module (TPM) Market: Growth Drivers

Need for higher digital data security to propel market growth

The global trusted platform module (TPM) market is anticipated to grow owing to increased demand and the need for higher security of all the data present on the internet. With global modernization, and an immense adoption of infrastructure technology (IT) in almost all industrial sectors along with a personal level as well, the world is living in an era of digital transformation at a higher level. With this, comes the need to secure the data from any external attacks since this may have huge implications for global security.

In recent times, more cyber-attacks, ransomware, and firmware attacks have been witnessed by many small and large-scale firms. In 2020, India reported over 1.1 million cyber-attacks, while in 2019, the number was around 400,000. Cybercrime was reported up by 600% as a direct result of Covid-19. The data breach may also lead to serious losses to any firm and the value may range anywhere from USD 120,000 to USD 1.24 million. These numbers indicate the need to upgrade data security and TPM can play a critical part in saving digital information for cyber criminals or hampering the hardware or software, thus propelling global market demand.

Trusted Platform Module (TPM) Market: Restraints

Doubts related to the efficiency of TPM in protecting copyright infringement to restrict market expansion

A trusted platform module is an important part of DRM that deals with the security of digital information. Even though the technology has a high adoption rate, there is a global discussion over the efficiency of DRM being able to secure infringement. Many scholars claim that the technology has led to inconvenience for the real customer which is restricting innovation and competition. In case the DRM services are changed or discontinued, the work may be permanently lost. Such issues, if not addressed on time may restrict the global trusted platform module industry cap.

Trusted Platform Module (TPM) Market: Opportunities

Rising trend of smart technology adoption to provide market growth opportunities

With the growing population, there is significant demand for smart products like laptops, tablets, smartphones, and other digital gadgets. The higher the use of smart technology, the more information will be transferred to cloud-based services resulting in higher digital data which in turn is expected to propel the need for better data security. In 2021, the USA witnessed a sale of 73 billion smartphones. Such numbers are expected to provide ample growth opportunities for global trusted platform module market growth.

Trusted Platform Module (TPM) Market: Challenges

Varied government regulations related to the TPM deliverables to challenge market growth

Digital data or hardware security issues are common problems in all economies but every government has its own set of laws regulating the protection from external or malicious attacks. These regulations may vary from one region to another and in some cases, the TPM provider may have to vary their services altogether based on country laws. Such factors may negatively impact the trusted platform module industry  growth trend during the forecast period.

Trusted Platform Module (TPM) Market: Segmentation

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

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 type, the two trusted platform module industry 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 the implementation, the global market 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.

Recent Developments:

• In March 2021, OPTIGA 2.0 was launched by Infineon Technologies. The product was the world’s first TPM 2.0 with open-source software and is aimed at cutting down efforts related to security integration efforts with applications in IoT, automotive, and other industrial sectors. With the help of plug-and-play OPTIGA TPM 2.0, IoT system integrators will be able to upgrade the security of connected products
• In April 2021, FIDO Alliance announced the launch of the FIDO Device Onboard (FDO) protocol, which is a new and open IoT standard enabling devices to cloud onboarding and on-site management platforms. With the launch, the company intends to work on issues related to cost, security, and complexity of IoT device deployment at scale

Trusted Platform Module (TPM) Market???? Report Scope:

Trusted Platform Module (TPM) Market: Regional Analysis

North America to dominate the market during the forecast period

The global trusted platform module (TPM) market is anticipated to be led by North America in the coming years. The regional growth is expected to be driven by the regions like the USA and Canada that mark the presence of key layers along with advanced It infrastructure enabling innovations, and research for further development. The US has registered a high adoption trend for electronic and digital devices. By the third quarter of 2021, more than 90% of the American population was known to be using the internet with the help of mobile devices. This is also aided by the high per-capita spending capacity of the masses.

Asia-Pacific may also generate high revenues because of regions like China, Taiwan, and Japan. The regions are known to compete with the western territories in terms of IT advancements. Taiwan is a major supplier of microchips, trading with international territories. The rise in regional income is expected to be propelled by the rising adoption and awareness of IoT and its benefits by companies and organizations.

Trusted Platform Module (TPM) Market: Competitive Analysis

The global trusted platform module (TPM) market is led by players like:

• 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.

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

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa