The Trusted Platform Module (TPM) market estimated to grow by more than 15% CAGR from 2021-2031. TPM is a computer chip which is designed to provide security-related and hardware-based functions to authenticate the platform such as laptop or PCs. TPM chip contains Endorsement Key (EK) and Attestation Identity Key (AIK) which protects the device from software modification and unauthorized firmware.
According to research, TPM market is set to witness significant growth during 2021-2031. The market will show significant growth in coming years, owing to factors such as increasing adoption of mobile devices, laptop, and PCs. Moreover, lack of network availability is expected to restraints the growth of the TPM.
Growing adoption of devices such as tablets, laptops, and mobile devices in recent years propels the demand for TPM market. TPM is chip connected to motherboard of the PC/device. It helps to disable home security alarm whenever user try to authenticator app or log in to bank account.
In such case, if user will not able to enter through login page in short period of time then it stops user from accessing money. TPM helps ensure that platform/mobile/PC remains trustworthy Authenticate, and keep protected from external software attacks. Thus increasing adoption of the tablets, laptops, and mobile devices is expected to drive the demand for the TPM market.
The TPM helps devices such as mobile, PCs to protect from software-based attacks by providing set of cryptographic services. In recent years most of the software-based attacks perform with the help of vulnerabilities in software-based security solutions. Thus software based security are not full-proof security.
Therefore to get robust security adoption of hardware based solutions such as trusted computing has been increased over the years. It helps to protects the applications and software from running on systems where the chip is integrated, further ensures that the system is functioning as expected. Therefore increasing need of the TPM in cloud computing is expected to drive the demand for the TPM Market.
North America is anticipated to constitute a highest growth in the TPM market over the forecasted period. The North America shows significant growth in TPM market owing to factors such as presence of many enterprises with advanced IT infrastructure, availability of technical expertise, advancements in emerging technologies, and higher adoption of electronics devices such as tablets, laptops, and mobile devices.
All factors are depends on the cloud based infrastructure/solutions. Thus adoption of cloud computing is ultimately propels the demand for the TPM Market in North America region. North America has massive presence of TPM providers such as IBM, AMD, HP, and Intel. Presence of such key TPM providers fuels the demand for the TPM market in North America region.
Europe is the second largest contributor to TPM market, owing to technological advancements in communication technologies such as 4G and 5G, increasing internet penetration in Europe region. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.
High adoption of smart devices such as tablets, smartphones, and computer in the developed economies such as Germany, France, and U.K. fuels the growth of the TPM market in Europe region. Increasing need for cyber securities along with hardware based solutions owing to sophistication in software-based attacks is driving the demand for the TPM market in Europe region.
The stringent government regulations about telecomm industry and cyber security in major economies such as France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the TPM market.
Some of the leading vendors and companies of TPM market include
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for TPM market.
Furthermore, many companies are focusing on introducing new product to enhance their product offering.
For instance, In March 2021, Microsoft announced launch of trusted platform module 2.0. It provides hardware-based security-related functions and helps in generating, storing, and limiting the use of cryptographic keys.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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