Trusted Platform Module Trends and Forecast
The future of the global trusted platform module market looks promising with opportunities in the mobile security and automotive markets. The global trusted platform module market is expected to reach an estimated $5.7 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are growth of cyberattacks and data issues, increasing use of cloud-based services, and increasing trend of smart technology adoption.
• Lucintel forecasts that, within the implementation type category, integrated is expected to witness highest growth over the forecast period.
• In terms of regions, APAC is expected to witness highest growth over the forecast period due to rapid industrialization, growing demand of e-commerce services, as well as, rising sale of laptops and PCs in this region.
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Emerging Trends in the Trusted Platform Module Market
Emerging trends in the TPM market largely stem from significant security improvements while ensuring wider applications of the technology.
• Adopted Improvement Measures: New security threats have motivated the innovation of hardware components, such as extending boot mechanisms and hardware data processing, addressing clunky security threats. Such improvements reduce the risks associated with the misuse of sensitive materials.
• Wide Adoption of IoT Devices: For instance, TPMs are used in chips built into IoT devices for protection. This trend is driven by the need to prevent device hacking and unauthorized access to connected devices.
• Emergence of Compliance Standards: New market dynamics for the TPM business are shaped by rules, regulations, compliance, and standards. Perspectives like the General Data Protection Regulation and California Consumer Protection Act (Proposition 24) are creating a market for TPMs that guarantee data protection and legal compliance.
• Adoption in Cloud Services: TPMs are also finding use in cloud computing environments, where they secure virtual machines and cloud-based storage. This trend arises from the need to protect data stored in the cloud from leaks and cyberattacks.
• Enhanced Emphasis on the Protection of the Supply Chain: In the growing global TPM market, increasing attention is being given to secure supply chain management. TPMs are used to ensure that hardware and software at various supply chain levels remain uncompromised.
These trends are creating opportunities for transformation in the TPM space by improving security features, extending usage, and complying with the latest regulations, thus enhancing the need for better TPM strategies.
Recent Developments in the Trusted Platform Module Market
Recent key developments in the Trusted Platform Module market reflect changes in technology and their impact on security and compliance.
• Amended Marketing TPM Standards: The July NA 24900 Interoperability sector technologies enable reversible integration with Secure Socket Layer TLS. The most recent changes in TPM standards include TPM 2.0.
• Growth of TPM Usage in the Internet of Things: The deployment of TPMs in IoT devices is increasing, providing hardware security for networked devices. This evolution is necessary to secure threat points in the ever-growing ecosystem of IoT devices.
• TPM Chip Design and Manufacturing Activities: Many countries, especially China and India, have begun efforts to locally produce TPM chips. These strategies aim to reduce overreliance on imported components and enhance national security.
• Newer Features of Encryption: New TPM solutions feature enhanced inbuilt encryption, such as improved key management and secure vaulting. These developments are crucial for securing sensitive information and communications.
• Partnerships for the Next Generation TPMs: Joint ventures between technology companies are responsible for developing the next generation of secure hardware, called TPM. Such partnerships are expected to address new security threats in the digital world.
These processes are changing the characteristics of the TPM market, driving technological progress, broadening application areas, and optimizing security systems to meet the evolving demands of cybersecurity.
Strategic Growth Opportunities for Trusted Platform Module Market
Strategic growth opportunities in the Trusted Platform Module market are changing in proportion to the demand in various applications, with increasing needs for advanced technology and data security.
• IoT Security: The increasing adoption of IoT devices opens opportunities for TPM manufacturers. The use of TPMs in IoT devices improves security to combat cyberattacks and unauthorized access.
• Cloud Computing: The growth of the cloud computing market creates corresponding opportunities for deploying TPM solutions that protect virtual environments and storage. TPMs are essential for securing data and assets in the cloud.
• Government and Defense: Government and defense sectors are embracing TPM technology for communications and data security. The high-security concerns within these sectors drive the demand for top-tier TPM solutions.
• Financial Services: Industry experts predict that the financial services sector is gradually adopting TPMs to manage sensitive data and secure transactions. Financial operations must be protected from hackers through better security and encryption measures.
• Automotive Industry: Electric cars with wireless communication capabilities now integrate TPM modules to secure communication and protect onboard systems. This is critical for safeguarding ICT systems in connected and autonomous vehicles.
These opportunities are driving the expansion of the TPM market, as new application areas emerge and the demand for sophisticated security measures increases, improving the overall business outlook.
Trusted Platform Module Market Driver and Challenges
The Trusted Platform Module market is being affected positively and negatively by a number of factors which include, but are not limited to demand and supply, technological factors, economics, and regulatory measures.
The factors responsible for driving the trusted platform module market include:
• Technological Advancements: Enhancements in TPM technology, such as the use of new security methods and secure boot functionality, support market growth. These solutions address new cybersecurity challenges and improve data protection.
• Increased Cybersecurity Threats: International market threats, including cybercrimes and data leaks, make it essential for organizations to strengthen systems with TPM solutions. This driver is crucial for safeguarding sensitive information and ensuring system integrity.
• Regulatory Compliance: Regulations like GDPR and CCPA have driven the demand for TPMs. These laws create a need for comprehensive protection measures against privacy violations and exposure of personal information.
• Growth in IoT and Cloud Services: As IoT and cloud adoption grow, the demand for TPM solutions to protect connecting devices and cloud-based environments increases. This growth necessitates the development of advanced security features to safeguard digital assets.
• Government Initiatives: Increasing government funding for building cybersecurity frameworks and protecting information exchange encourages the use of TPM technology. These activities strengthen national defense and secure critical infrastructures.
Challenges in the trusted platform module market are:
• High Implementation Costs: Advanced TPM implementation, including the purchase of specialized hardware or software solutions, can be prohibitively expensive, particularly for SMEs. This limitation may hinder market uptake and slow sector growth.
• Complex Integration: Integrating TPM technology into existing systems is complicated and costly, requiring expertise and careful planning for smooth integration and optimal functionality.
• Rapid Technological Change: The fast pace of technological change raises concerns about the obsolescence of existing TPM tools. Competition demands that companies adapt creatively and respond to emerging security threats.
The factors influencing the development of the TPM market are driven by technology acceptance, regulatory performance, and market dynamics, all of which impact the sectorÄX%$%Xs outlook.
List of Trusted Platform Module Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies trusted platform module companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the trusted platform module companies profiled in this report include-
• HP
• IBM
• Intel
• Samsung
• Nuvoton
• Security Innovation
• Microsoft
• Lenovo
• AMD
• Nationz
Trusted Platform Module by Segment
The study includes a forecast for the global trusted platform module by implementation type, type, application, and region.
Trusted Platform Module Market by Implementation Type [Analysis by Value from 2018 to 2030]:
• Discrete
• Integrated
Trusted Platform Module Market by Type [Analysis by Value from 2018 to 2030]:
• TPM 1.2
• PM 2.0
Trusted Platform Module Market by Application [Analysis by Value from 2018 to 2030]:
• Mobile Security
• Automotive
• Others
Trusted Platform Module Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Trusted Platform Module Market
The key driver behind the rapid growth of the Trusted Platform Module (TPM) market is the emergence of new security technologies and the growing need for data security across various countries. Here is a review of recent events in each country:
• United States: In the US, the improvement of TPM technologies is focused on developing hardware-based security features to counter sophisticated cyber threats. New TPM specifications and compliance requirements are bringing fresh solutions to the consumer and enterprise markets.
• China: China is promoting the research and development of TPM technology as part of its broader cybersecurity strategy. Recent developments include local production of TPM chips and alignment with state policies to reduce dependence on foreign technology.
• Germany: Germany is modernizing TPM systems with an emphasis on enhancing confidentiality and privacy measures. Developments include integrating TPM with Industry 4.0 applications and improving secure voice communication capabilities under EU data protection laws.
• India: India has undertaken initiatives to integrate TPM technology into government and enterprise systems. Recent efforts include the establishment of TPM chip production facilities and strengthening cybersecurity protections for critical national infrastructure.
• Japan: Japan is adopting advanced TPM solutions, focusing on securing IoT and industrial control system devices. Recent developments include the creation of next-generation TPMs through partnerships and expanding applications in consumer electronics.
Features of the Global Trusted Platform Module Market
Market Size Estimates: Trusted platform module market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecasts (2024 to 2030) by various segments and regions.
Segmentation Analysis: Trusted platform module market size by implementation type, type, application, and region in terms of value ($B).
Regional Analysis: Trusted platform module market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different implementation type, type, application, and regions for the trusted platform module market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the trusted platform module market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q.1 What is the trusted platform module market size?
Answer: The global trusted platform module market is expected to reach an estimated $5.7 billion by 2030.
Q.2 What is the growth forecast for trusted platform module market?
Answer: The global trusted platform module market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the trusted platform module market?
Answer: The major drivers for this market are growth of cyberattacks and data issues, increasing use of cloud-based services, and increasing trend of smart technology adoption.
Q4. What are the major segments for trusted platform module market?
Answer: The future of the global trusted platform module market looks promising with opportunities in the mobile security and automotive markets.
Q5. Who are the key trusted platform module market companies?
Answer: Some of the key trusted platform module companies are as follows:
• HP
• IBM
• Intel
• Samsung
• Nuvoton
• Security Innovation
• Microsoft
• Lenovo
• AMD
• Nationz
Q6. Which trusted platform module market segment will be the largest in future?
Answer: Lucintel forecasts that integrated is expected to witness highest growth over the forecast period.
Q7. In trusted platform module market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization, growing demand of e-commerce services, as well as, rising sale of laptops and PCs in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the trusted platform module market by implementation type (discrete and integrated), type (TPM 1.2 and PM 2.0), application (mobile security, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Trusted Platform Module Market, Trusted Platform Module Market Size, Trusted Platform Module Market Growth, Trusted Platform Module Market Analysis, Trusted Platform Module Market Report, Trusted Platform Module Market Share, Trusted Platform Module Market Trends, Trusted Platform Module Market Forecast, Trusted Platform Module Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.