Trusted Platform Module Market Trends

Growth Drivers

• Growing Manufacturing and Sales of Desktop – TTMs are used in the motherboard of desktops, PCs, tablets, and others. TTMs are integrated into the motherboard of PCs to provide security features for storing sensitive information such as login credentials. As of 2021, the total shipment of desktops and PC was estimated to be around 85 million units. Additionally, in 2022, more than 15 million PCs were shipped by Lenovo.

• Rising Penetration of Cloud Computing Services – as the penetration of cloud services is rising, it is also estimated to hike the number of cyber-attacks across the globe. For instance, the worth of cloud applications is estimated to reach approximately USD 150 billion by 2025. While the amount of data stored in the cloud was anticipated to be around 195 ZB by 2025.

• Increasing Awareness among Global Population toward Mobile Security – in modern times, almost every adult has access to a mobile, and the knowledge associated with malware and phishing attacks is expected to hike the demand to install TPM in mobile phones. For instance, it was estimated that 80% of Android phones had at least 1 vulnerability.

• Growing Number of Connection to the IoT Devices – the number of devices connected to the IoT devices is anticipated to hit approximately 25 billion by 2030.

• Surge in the Cyber Attacks to Boost the Market – the main function of a trusted platform module (TPM) is to provide security to desktops, mobile, and tablets which results in the major growth factor of the market. It has been observed that every hour, around 97 data breaches took place in 2021.

Challenges

• Vulnerable to the Third-Party Attack - A trusted platform module (TPM) is considered to be vulnerable to cold boot attacks. A cold boot attack can be placed when the system is on and it can be booted without hibernation. In most cases, a hacker needs physical access to hack the Trusted platform module. Hence, this factor is anticipated to hike the market growth over the forecast period.
• Automatic Device Encryption
• Lack of Awareness About the Benefits of TPM in Lower Economic Regions