Trusted Platform Module (TPM) Market Size, Trends, Analysis, Forecast to 2033

Description

The global Trusted Platform Module (TPM) market size generated approximately $2.49 Billion in revenue in 2023 and is projected to reach $6.77 Billion by 2033, reflecting a forecasted compound annual growth rate (CAGR) of 10.6%.

Trusted Platform Module (TPM) Market: Overview

A Trusted Platform Module (TPM), also known as ISO/IEC 11889, is an international standard for secure cryptoprocessors. These microprocessors, embedded in a tamper-resistant package, are designed to perform secure cryptographic operations. TPMs are essential for securing the hardware into which they are installed, and any chip conforming to this standard can be referred to as a TPM. The ISO 11889 standard supports Digital Rights Management (DRM), which manages legal access to digital content. TPMs play a crucial role in DRM by using access control tools to restrict the use of copyrighted works and proprietary hardware. Notably, Windows 11 requires TPM 2.0 to enhance security against ransomware and firmware attacks. TPMs provide a hardware random number generator, generating random numbers from a physical process rather than an algorithm. They also facilitate the secure generation of cryptographic keys for limited use. The popularity of ISO 11889 stems from its ability to generate non-forgeable hash key summaries for software and hardware configurations, enabling remote attestation to confirm system integrity. For data encryption, or binding, TPMs use the Rivest–Shamir–Adleman (RSA) cryptosystem. The system also includes sealing technology, which is similar to binding but includes the TPM state of the decrypted data.

Trusted Platform Module (TPM) Market: Growth Drivers

Need for Higher Digital Data Security to Propel Market Growth

The global TPM market is expected to grow due to increasing demand for enhanced security of digital data. As global modernization progresses and IT infrastructure is widely adopted across various industrial sectors and personal use, the need for robust data security has become paramount. The rise in cyber-attacks, ransomware, and firmware attacks on both small and large-scale firms underscores the urgent need for TPMs.

Trusted Platform Module (TPM) Market: Restraints

Doubts About TPM Efficiency in Protecting Copyright Infringement

Despite the high adoption rate of TPM technology, there is ongoing debate about its effectiveness in securing against copyright infringement. Some scholars argue that DRM technology can inconvenience legitimate customers and stifle innovation and competition. Additionally, if DRM services are changed or discontinued, it could result in permanent loss of digital works, potentially restricting the market growth of TPMs.

Trusted Platform Module (TPM) Market: Opportunities

Rising Trend of Smart Technology Adoption

The increasing demand for smart products like laptops, tablets, smartphones, and other digital gadgets is expected to drive the TPM market. As more information is transferred to cloud-based services through these devices, the need for better data security becomes more critical, providing growth opportunities for TPM technology.

Trusted Platform Module (TPM) Market: Challenges

Varied Government Regulations

Government regulations concerning TPM deliverables vary widely across regions, posing a challenge to market growth. Different laws regarding protection from external or malicious attacks may require TPM providers to adjust their services according to local regulations, potentially impacting the global growth trend of the TPM market.

Key Players Insights:

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

Report Scope:

Trusted Platform Module (TPM) Market: Segmentation Analysis

By Applications

The global TPM market is segmented into mobile security, automotive, banking, transport, Pay TV & ID, wearable, and security in Internet of Things (IoT) connectivity. Significant efforts are being made to apply TPM technology to IoT security, despite discussions around TPM controlling the system. The technology is known to be passive for the rest of the system.

• Mobile Security
• Automotive
• Banking
• Transport
• Pay TV & ID
• Wearable
• Security in Internet of Things (IoT) connectivity

By Type

The market is divided into TPM 1.2 and TPM 2.0 dominates the market due to its support for new cryptographic algorithms, whereas TPM 1.2 only supports the SHA-1 algorithm, which is being phased out.

• TPM 1.2
• TPM 2.0

By Implementation

The TPM market is segmented into

• Discrete
• Integrated
• Firmware implementations.

Trusted Platform Module (TPM) Market: Regional Analysis

North America is expected to lead the global TPM market, driven by regions like the USA and Canada, which have advanced IT infrastructure and key industry players. The high adoption trend for electronic and digital devices in the US further supports regional growth.

Asia-Pacific is also anticipated to generate significant revenues, particularly from regions like China, Taiwan, and Japan. These regions compete with Western territories in IT advancements, with Taiwan being a major microchip supplier. The rise in regional income is expected to be driven by the growing adoption and awareness of IoT and its benefits by companies and organizations.

• 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 The Middle East & Africa

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