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.