The Trusted Platform Module is a chip utilized in a device to confirm the credibility and reliability of the of the software podium by using the authentication and processes to ensure protection of the computing environment. The Trusted Platform Module confirms platforms integrity and utilized for the data encryption, disk encryption and data protection.
According to the report analysis, ‘Global Trusted Platform Module Market to reach USD 5.41 billion by 2027’ states that the advanced technologies are utilized for protection of the keys and for encryption of data involving computers storage devices and delivers authenticity to boot important pathway. The effective augment in the digitization and with the accessibility of numerous platforms it becomes compulsory that privacy & security of the customer should be continued. For Instance: As per Our World Data during 2020, digitization and e-commerce penetration across India has been augmented by 74%. With the effective growth in the (Internet of Things) IoT adaptation around the globe and augment in the number of devices inclusion of Trusted Platform Module chips are high on requirement as they are cost effective, demands less space and safeguard reliability.
For instance: As per McKinsey during 2019, number of businesses that utilize theIoT technologies has augmented from 14 % in 2014 to 25 % during 2019. The Covid-19 Pandemic does not seem to disturb trusted platform module market a lot as digitization has been augmented with online penetration throughout the period. With improvement in online penetration, the helpfulness of trusted computing platforms has been augmented with better expediency and portability. For Instance: As per Real wire during 2019, Trusted Computing Group (TCG) launched a fresh project to manufacture world’s minimum trusted platform module to safeguard portability. However, the growing competition and presence of foremost players in the market is the major limiting the factors which impede the growth of the market over the review period of 2020-2027.
In addition, the key market player included in this report are Advanced Micro Devices, Inc. (US), Hewlett-Packard Company (US), IBM Corporation (International Business Machines Corporation) (US), Infineon Technologies AG (Germany), Intel Corporation (US), Lenovo Group Limited (China), Microsoft Corporation (USA), Nationz Foundation Inc. (China), Nuvoton Technology Corporation (China), and Samsung Group(Korea).
The worldwide Trusted Platform Module Market is valued nearly at USD 1.86 billion in 2019 and is projected to augment with a growth rate of more than 14.27 % over the forecast duration of 2020-2027.The regional analysis of international Trusted Platform Module market is measured for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. However, the North America is the leading/significant economy across the as discretion and security are the primary problems in the region to be taken care of. Whereas, the Asia-Pacific is also estimated to exhibit uppermost growth rate / CAGR over the forecast period of 2020-2027. Not only has this, factors such augmented government measures to safeguard that privacy & security of a user in being preserved and rise in digitization would produce the lucrative growth prospects for the Trusted Platform Module market across the Asia-Pacific region.
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Global Trusted Platform Module Market Research Report
Related Report:-
Global Trusted Platform Module (TPM) Market Research Report 2025
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