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Trusted Platform Module (TPM) Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2030

The global trusted platform module (TPM) market size was worth around USD 1965 Million in 2022 and is predicted to grow to around USD 5725 Million by 2030 with a compound annual growth rate (CAGR) of roughly 14.30% between 2023 and 2030.

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➤ Increased digital data security is required to drive market expansion.

The requirement for greater security for all data on the internet is expected to drive growth in the trusted platform module (TPM) industry on a worldwide scale. The world is currently experiencing a larger degree of digital transformation due to factors like global modernization, widespread use of infrastructure technology (IT) in practically every industrial sector, and increased use of IT on a personal level. This means that protecting the data from outside threats is essential since it could have a significant impact on international security.

➤ Questions about TPM’s effectiveness in preventing copyright infringement and limiting market expansion

One crucial component of DRM that addresses the protection of digital data is the trusted platform module. Despite the technology’s rapid uptake, there is debate worldwide over DRM’s effectiveness in preventing infringement. Numerous academics contend that the discomfort that technology has caused for the actual consumer is stifling competition and innovation.

➤ Adoption of smart technologies is on the rise, offering prospects for market expansion

The demand for smart devices like laptops, tablets, smartphones, and other digital gadgets is rising along with the population. More information will be sent to cloud-based services as smart technology is used more frequently, creating a larger volume of digital data that will inevitably increase the demand for stronger data protection. In the United States, 73 billion cellphones were sold in 2021. These figures should present the trusted platform module industry with plenty of room to develop.

➤ Various laws pertaining to TPM deliveries that hinder market expansion

All economies have common difficulties with digital data or hardware security, but each government has its own laws governing defense against hostile or external attacks. These rules could differ from one area to the next, and depending on national laws, the TPM provider would even need to completely change the services they offer. During the projection period, these issues could have a negative effect on the growth trend of the trusted platform module industry.

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The Global Trusted Platform Module (TPM) Market is segmented based on product, application and region

Global Trusted Platform Module (TPM) Market: Product Segment Analysis

● TPM 1.2
● PM 2.0

Global Trusted Platform Module (TPM) Market: Application Segment Analysis

● Mobile Security
● Automotive
● Banking
● Transport
● Pay TV & ID
● Wearable
● Security in Internet Of Things (IOT) connectivity

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The global Trusted Platform Module (TPM) market profiles key players such as:

● Infineon Technologies AG
● Nuvoton Technology Corporation
● STMicroelectronics N.V.
● Microchip Technology Inc.
● Winbond Electronics Corporation
● Broadcom Inc.
● Fujitsu Limited
● Samsung Electronics Co. Ltd.
● Toshiba Corporation
● HP
● Security Innovation Inc.
● Intel Corporation

???? Current Events:

• OPTIGA 2.0 was introduced by Infineon Technologies in March of 2021. The system, which was the first TPM 2.0 in the world with open-source software, aims to reduce the amount of work involved in integrating security with IoT, automotive, and other industrial applications. IoT system integrators will be able to enhance the security of connected items with plug-and-play OPTIGA TPM 2.0.

• The FIDO Device Onboard (FDO) protocol, a new open IoT standard that enables devices to cloud onboarding and on-site management systems, was unveiled by the FIDO Alliance in April 2021. With the launch, the company hopes to address problems with the complexity, cost, and security of large-scale IoT device deployment.

➤ During the projected period, North America is expected to lead the market.

It is projected that North America would lead the global trusted platform module (TPM) market in the next years. Regions like the USA and Canada, which have strong IT infrastructure supporting innovations and research for future development, are anticipated to be the main drivers of regional prosperity. Electronic and digital gadget adoption is trending strongly in the US.

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