Trusted Platform Module (TPM) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (TPM 1.2, And TPM 2.0), By Applications (Mobile Security, Automotive, Banking, Transport, Pay TV & ID, Wearable, And Security In Internet Of Things (IoT) Connectivity), By Implementation Type (Discrete, Integrated, And Firmware), By Region, and By Competition 2019-2029

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description


Forecast Period

2025-2029

Market Size (2023)

USD 6.22 billion

CAGR (2024-2029)

12.08%

Fastest Growing Segment

Security In Internet Of Things (IoT) Connectivity

Largest Market

North America





Market Overview

Global Trusted Platform Module (TPM) Market has valued at USD 6.22 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 12.08% through 2029. 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 Market Drivers

TPM is a completely dedicated microcontroller, specifically designed to secure cryptographic hardware via integrated cryptographic keys. For successfully defending the digital platforms against the privacy security threats via secure crypto processor and digital rights management, the adoption rate of private as well as public key cryptography in various sectors is rising. This in turn, triggers the growth of TPM industry. Furthermore, the advancements of digital technologies, increasing demand for smart gadgets such as smart phones, laptops, tablets and others, as well as the growing adoption of IoT and digital rights management technology assist the TPM market growth due to its ability to provide secured network connectivity. Hence, the above-mentioned factors will boost the demand for this computer chip market during the forecast period.

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.

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.



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Key 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.

 Lacking Global Acceptance and Other Issues:

Trusted platform module (TPM) is not accepted globally due to some regional regulations. Some countries such as China and Russia have restricted the use of TPM. Instead of TPM, China uses the alternative TCM, regulated by Chinese Government, which has a negative impact on the growth of TPM market. In Russia, there is no equivalent to TCM and encryption products have to be reviewed and approved and by the authorities. Lack of global acceptance is one of the major challenges, which is set to hamper the market growth during the forecast period. Apart from that a public key cryptography or asymmetric cryptosystem, Rivest-Shamir-Adleman’s (RSA) encryption keys were disclosed which affected the TPM market negatively and this negative affect will be there during the forecast period as well.

Key Market Trends

Increasing Threats of Cyber-Attack :

With rising adoption of IoT, the demand for smart and secured devices is rising along with threats of cyber-attacks. In December 2019, the New Orleans Government announced an emergency due to a cyber-attack. TPM is a microcontroller that can provide secured network connectivity to IoT and it also ensures reliability. In December 2020, many U.S. Government agencies and Microsoft were under a massive cyber-attack. By installing TPM, at the manufacturing level of those cryptographic hardware devices, the device providers can deny any opening to the threat actor which they can use for cyber-attacks. Hence, the growing adoption of IoT is acting as a growth driver for TPM market.

Growing E-Commerce Investments:

With the rising investment in e-commerce, the demand for advanced and secured computer chips is rising, which works as a major growth driver for TPM market. In April 2020, Facebook invested $6 billion in Indian e-Commerce Giant, Reliance Industry. In July 2020, Walmart announced about their investment of $1.2 billion in Indian Flipkart, an e-commerce giant. With growing e-commerce business, e-commerce crime rate is also rising and to prevent it as well as to secure the digital rights, the implementation of this computer chip into various systems and devices is also increasing over time.

Segmental Insights

Type Insights

By type, TPM market is segmented into Discrete, Integrated and others. Integrated TPM is anticipated to witness the fastest growth, around CAGR of 15.01%, during the forecast period 2021-2026. Owing to the increasing safety threats, the demand for the integrated TPM is rising. To avoid the safety threats, most of the device providers integrate TPM in those products at the manufacturing level. In March 2019, Infineon Technologies launched OPTIGA™ TPM SLM 9670, the first TPM specifically designed for industrial application. It protects the integrity and identity of industrial PCs, controllers, servers and others and controls access to the sensitive data in a connected, automated factory. This type of advanced product launches will enhance the growth of this market during the forecast period.  

 

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Regional Insights

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. North America dominated the Trusted Platform Module market in 2020 with major trusted platform module market share close to 31.8% and is estimated to maintain the lead during the forecast period 2021-2026 owing to the advancements in digital technologies, increasing number of security threats, adoption of digital rights management technology and cybercrimes and increasing demand for privacy and secured systems. For instance, in August 2020, there was a series of cyber-attacks on various sectors of Canadian Government which disabled many governmental services. Such attacks affect the demand for TPM positively. Furthermore, the presence of large number of players in this region is catering to the growing demand of Trusted Platform Module. Moreover, APAC is estimated to witness the highest growth rate during the forecast period 2021-2026. Rapid digitalization, economic growth, increasing E-Commerce penetration and growing adoption of IoT are the main driving forces for this region. In July 2020, according to a report of Chinese Ministry of Commerce, the national e-commerce transaction reached $4.9 trillion in 2019. Apart from that increasing cyber-crimes and Governments measures to ensure the security to digital platforms fuelling the adoption of TPM. According to Internet Crime Report 2019 by USA’s Internet Crime Complaint Centre of Federal Bureau of Investigation, India had third highest number of internet crime victims. In August 2020, The Indian Prime Minister announced that India will soon launch its new robust National Cyber security Policy in order to deal with the increasing internet crimes.

Recent Developments

  • In April 2021, Asus launched its new product, a business laptop Expert Book B9 in India. This product offers an optional trusted platform module (TPM) computer chip, for storing passwords and encryption keys to enhance the security.
  • In June 2019, Trusted Computing Group (TCG) launched a new project to create the Tiniest Trusted Platform Module to ensure portability. Now TCG wants to focus on small devices where inclusion TPM chips are not possible because of space or cost issues.

Key Market Players

  • Samsung
  • Infineon
  • Security Innovation
  • Intel
  • IBM
  • AMD
  • Lenovo

By Type

By Application

By Implementation Type

By Region

TPM 1.2

And TPM 2.0

Mobile Security

Automotive

Banking

Transport

Pay TV & ID

Wearable

And Security In Internet Of Things (IoT) Connectivity

Discrete

Integrated

And Firmware

North America

Europe

Asia Pacific

South America

Middle East & Africa

Report Scope:

In this report, the Global Trusted Platform Module (TPM) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Trusted Platform Module (TPM) Market, By Type :

o   TPM 1.2

o   And TPM 2.0

  • Trusted Platform Module (TPM) Market, By Application:

o   Mobile Security

o   Automotive

o   Banking

o   Transport

o   Pay TV & ID

o   Wearable

o   And Security In Internet Of Things (IoT) Connectivity

  • Trusted Platform Module (TPM) Market, By Implementation Type

o   Discrete

o   Integrated

o   And Firmware

  • Trusted Platform Module (TPM) Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Trusted Platform Module (TPM) Market.

Available Customizations:

Global Trusted Platform Module (TPM) Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Trusted Platform Module (TPM) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Trusted Platform Module (TPM) Market

5.         Voice of Customer

6.         Global Trusted Platform Module (TPM) Market Overview

7.         Global Trusted Platform Module (TPM) Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Type (TPM 1.2, And TPM 2.0)

7.2.2.By Applications (Mobile Security, Automotive, Banking, Transport, Pay TV & ID, Wearable, And Security In Internet Of Things (IoT) Connectivity)

7.2.3.By Implementation Type (Discrete, Integrated, And Firmware)

7.2.4.By Region

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Trusted Platform Module (TPM) Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By Application

8.2.3.By Implementation Type

8.2.4.By Country

8.3.    North America: Country Analysis

8.3.1.United States Trusted Platform Module (TPM) Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.               By Type

8.3.1.2.2.               By Application

8.3.1.2.3.               By Implementation Type

8.3.2.Canada Trusted Platform Module (TPM) Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.               By Type

8.3.2.2.2.               By Application

8.3.2.2.3.               By Implementation Type

8.3.3.Mexico Trusted Platform Module (TPM) Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.               By Type

8.3.3.2.2.               By Application

8.3.3.2.3.               By Implementation Type

9.         Europe Trusted Platform Module (TPM) Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By Application

9.2.3.By Implementation Type

9.2.4.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Trusted Platform Module (TPM) Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.               By Type

9.3.1.2.2.               By Application

9.3.1.2.3.               By Implementation Type

9.3.2.France Trusted Platform Module (TPM) Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.               By Type

9.3.2.2.2.               By Application

9.3.2.2.3.               By Implementation Type

9.3.3.United Kingdom Trusted Platform Module (TPM) Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.               By Type

9.3.3.2.2.               By Application

9.3.3.2.3.               By Implementation Type

9.3.4.Italy Trusted Platform Module (TPM) Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.               By Type

9.3.4.2.2.               By Application

9.3.4.2.3.               By Implementation Type

9.3.5.Spain Trusted Platform Module (TPM) Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.               By Type

9.3.5.2.2.               By Application

9.3.5.2.3.               By Implementation Type

9.3.6.Netherlands Trusted Platform Module (TPM) Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.               By Type

9.3.6.2.2.               By Application

9.3.6.2.3.               By Implementation Type

9.3.7.Belgium Trusted Platform Module (TPM) Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.               By Type

9.3.7.2.2.               By Application

9.3.7.2.3.               By Implementation Type

10.      South America Trusted Platform Module (TPM) Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Implementation Type

10.2.4.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Trusted Platform Module (TPM) Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.            By Type

10.3.1.2.2.            By Application

10.3.1.2.3.            By Implementation Type

10.3.2.     Colombia Trusted Platform Module (TPM) Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.            By Type

10.3.2.2.2.            By Application

10.3.2.2.3.            By Implementation Type

10.3.3.     Argentina Trusted Platform Module (TPM) Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.            By Type

10.3.3.2.2.            By Application

10.3.3.2.3.            By Implementation Type

10.3.4.     Chile Trusted Platform Module (TPM) Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1.            By Type

10.3.4.2.2.            By Application

10.3.4.2.3.            By Implementation Type

11.      Middle East & Africa Trusted Platform Module (TPM) Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Implementation Type

11.2.4.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Trusted Platform Module (TPM) Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.            By Type

11.3.1.2.2.            By Application

11.3.1.2.3.            By Implementation Type

11.3.2.     UAE Trusted Platform Module (TPM) Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.            By Type

11.3.2.2.2.            By Application

11.3.2.2.3.            By Implementation Type

11.3.3.     South Africa Trusted Platform Module (TPM) Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.            By Type

11.3.3.2.2.            By Application

11.3.3.2.3.            By Implementation Type

11.3.4.     Turkey Trusted Platform Module (TPM) Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.            By Type

11.3.4.2.2.            By Application

11.3.4.2.3.            By Implementation Type

12.      Asia Pacific Trusted Platform Module (TPM) Market Outlook

12.1. Market Size & Forecast

12.1.1. By Type

12.1.2. By Application

12.1.3. By Implementation Type

12.1.4.     By Country

12.2. Asia-Pacific: Country Analysis

12.2.1.     China Trusted Platform Module (TPM) Market Outlook

12.2.1.1.   Market Size & Forecast

12.2.1.1.1. By Value

12.2.1.2.   Market Share & Forecast

12.2.1.2.1.            By Type

12.2.1.2.2.            By Application

12.2.1.2.3.            By Implementation Type

12.2.2.     India Trusted Platform Module (TPM) Market Outlook

12.2.2.1.   Market Size & Forecast

12.2.2.1.1. By Value

12.2.2.2.   Market Share & Forecast

12.2.2.2.1.            By Type

12.2.2.2.2.            By Application

12.2.2.2.3.            By Implementation Type

12.2.3.     Japan Trusted Platform Module (TPM) Market Outlook

12.2.3.1.   Market Size & Forecast

12.2.3.1.1. By Value

12.2.3.2.   Market Share & Forecast

12.2.3.2.1.            By Type

12.2.3.2.2.            By Application

12.2.3.2.3.            By Implementation Type

12.2.4.     South Korea Trusted Platform Module (TPM) Market Outlook

12.2.4.1.   Market Size & Forecast

12.2.4.1.1. By Value

12.2.4.2.   Market Share & Forecast

12.2.4.2.1.            By Type

12.2.4.2.2.            By Application

12.2.4.2.3.            By Implementation Type

12.2.5.     Australia Trusted Platform Module (TPM) Market Outlook

12.2.5.1.   Market Size & Forecast

12.2.5.1.1. By Value

12.2.5.2.   Market Share & Forecast

12.2.5.2.1.            By Type

12.2.5.2.2.            By Application

12.2.5.2.3.            By Implementation Type

12.2.6.     Thailand Trusted Platform Module (TPM) Market Outlook

12.2.6.1.   Market Size & Forecast

12.2.6.1.1. By Value

12.2.6.2.   Market Share & Forecast

12.2.6.2.1.            By Type

12.2.6.2.2.            By Application

12.2.6.2.3.            By Implementation Type

12.2.7.     Malaysia Trusted Platform Module (TPM) Market Outlook

12.2.7.1.   Market Size & Forecast

12.2.7.1.1. By Value

12.2.7.2.   Market Share & Forecast

12.2.7.2.1.            By Type

12.2.7.2.2.            By Application

12.2.7.2.3.            By Implementation Type

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.   Samsung.

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Infineon.

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Security Innovation.

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Intel.

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  IBM.

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  AMD.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Lenovo .

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

16.      Strategic Recommendations

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Trusted Platform Module (TPM) Market was USD 6.22 billion in 2023.

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Security In Internet Of Things (IoT) Connectivity was the dominant segment in the Global Trusted Platform Module (TPM) Market in 2023.

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North America dominated the market in 2023.

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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.

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