What is Trusted Platform Module (TPM) Market?
An international standard for a safe cryptoprocessor, or specialized microcontroller, known as the Trusted Platform Module uses integrated cryptographic keys to secure hardware. TPM can store pre-run configuration parameters, but other programs are responsible for deciding on and carrying out the associated policies. Because of the way hardware-based encryption works, data stored there is better protected from outside software intrusions. There are numerous applications that can be created to store secrets on a TPM. These programs significantly increase the difficulty of accessing information on computing devices without the appropriate authorization. These programs can be used to block access to data and secrets if the platform's configuration has been altered as a result of unwanted actions.
Highlights from Trusted Platform Module (TPM) Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Analog Devices (United States), CISSOID S.A (Belgium), Infineon Technologies AG (Germany), Intel (United States), MediaTek (Taiwan), Microchip Technology (United States), NXP Semiconductors (Netherlands), Posiflex (Taiwan), Samsung (South Korea) and TE Connectivity (Switzerland)|
The businesses are putting their attention on organic growth tactics including product launches, product approvals, and other things like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to grow their consumer bases and operations. With the growing demand for the Trusted Platform Module market, the industry participants are predicted to benefit from lucrative growth prospects in the future. Analog Devices (United States), CISSOID S.A (Belgium), Infineon Technologies AG (Germany), Intel (United States), MediaTek (Taiwan), Microchip Technology (United States), NXP Semiconductors (Netherlands), Posiflex (Taiwan), Samsung (South Korea) and TE Connectivity (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Silicon Labs (United States), Texas Instruments (United States) and Cree (United States).
Trusted Platform Module (TPM) Market Segmentation:
|Application / End User||Mobile Security, Automotive and Banking|
|Type||Discrete, Integrated, Firmware and Others|
|Technology||TPM 1.2,TPM 2.0|
|Sales Channel||Direct Sales,Distribution Channel|
On the basis of geography, the market of Trusted Platform Module (TPM) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Need to Enhance Computer Security and Privacy and Introduction of New Technologies
Market Growth Drivers:
Increasing Adoption of Devices such as PC and Laptop and Advancement in IT Infrastructure
Concerns with the Cheap Quality Trusted Platform Module
Stringent Regulatory Guidelines Associated with the Trusted Platform Module
The Rising Demand for Robust Security Adoption can create Opportunities for the Market Growth and High Adoption of Cloud-based Solutions
Key Target Audience
Trusted Platform Module Manufacturers, Trusted Platform Module Suppliers and Distributors, Research and Development Institutes, Industry Association, End-Users and Other
Market Leaders & Development Strategies
On 16th April 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation. The acquisition of Cypress is a landmark step in Infineonís strategic development. Together, they provide consumers with the most complete portfolio available in the market for bridging the physical and digital worlds and influencing digitalization, one of the most significant worldwide developments. Additionally, develop into a leader in system solutions for the automotive, industrial, and IoT markets as well as a valued partner for clients and distributors.
On 15th February 2022, Infineon Technologies AG launch OPTIGA TPM. It is a future-proof security solution with post-quantum cryptography (PQC) protected firmware update mechanism using XMSS signatures. The newest member of the OPTIGA TPM family from Infineon is the first TPM in the industry to include a firmware update method with a 256-bit key length and an additional PQC-based verification.