Trusted Platform Module (TPM) Market Projected to Growth at a CAGR of ~14% During 2022 2031

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New York, United States, Mar 28, 2022, 05:07 /Comserve / -- The global trusted platform module (TPM) market is estimated to occupy a large amount of revenue by growing at a CAGR of ~14% during the forecast period, i.e., 2022 – 2031

Research Nester published a report titled “Trusted Platform Module (TPM) Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global trusted platform module (TPM) market in terms of market segmentation by type, implementation type, application, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global trusted platform module (TPM) market is estimated to occupy a large amount of revenue by growing at a CAGR of ~14% during the forecast period, i.e., 2022 – 2031, ascribing to the growing adoption of laptops, smartphones and tablets, and rising demand for improved security in devices as a result of increase in the number of external software attacks. Along with these, high need to protect applications and software from cyberattacks on systems where the chip is integrated, such as the systems in cloud computing, is also expected to drive the growth of the market in the forthcoming years.

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The market is segmented by type, implementation type and application. Based on application, the mobile security segment is anticipated to acquire the largest share during the forecast period in view of the increasing usage of smartphones, and high requirement for protecting these devices from security threats. Additionally, by implementation type, the integrated segment is projected to grab the largest share over the forecast period attributing to the superior effectiveness of integrated TPM to safeguard the identity and integrity of industrial PCs, servers and controllers.

Geographically, the global trusted platform module (TPM) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the surging technological advancements in digital technologies in the region. Moreover, the market in Asia Pacific is assessed to witness noteworthy growth over the forecast period on the back of the rapidly rising rate of industrialization, and growing penetration of e-commerce services in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Growing Number of Users of Portable Smart Devices Worldwide to Bolster Market Growth

Since the recent years, with the increasing adoption of devices, such as smartphones, laptops and tablets, the demand for TPM is also assessed to witness a significant rise. This can be credited to the high need to protect these devices from malicious software attacks, especially when user is making an online transaction, which in turn is anticipated to drive market growth in the near future.

However, lack of awareness about the benefits of TPM in underdeveloped regions is expected to operate as key restraint to the growth of the global trusted platform module (TPM) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global trusted platform module (TPM) market which includes company profiling of IBM Corporation, Intel Corporation, Microsoft Corporation, Advanced Micro Devices, Inc., Hewlett-Packard Development Company, L.P., Lenovo, Infineon Technologies AG, Nuvoton Technology Corporation, SAMSUNG ELECTRONICS CO., LTD., Security Innovation Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global trusted platform module (TPM) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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