[FURL=https://www.industryarc.com/Report/19455/trusted-platform-module-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Trusted Platform Module Market[/FURL] Trusted Platform Module (TPM) market size was valued at $1.9 billion in 2020 and it is estimated to grow at a CAGR of 14.28% during 2021-2026. TPM is a completely dedicated microcontroller, specifically designed to secure cryptographic hardware via integrated cryptographic keys. For successfully defending the digital platforms against the privacy security threats via secure crypto processor and digital rights management, the adoption rate of private as well as public key cryptography in various sectors is rising. This in turn, triggers the growth of TPM industry. Furthermore, the advancements of digital technologies, increasing demand for smart gadgets such as smart phones, laptops, tablets.Key Takeaways
North America dominated the market by a market share of more than 31.8% in 2020, advancements in digital technologies, increasing number of data threats are the key factors contributing towards the market growth.
The demand for TPM is estimated to witness significant upsurge during the forecast period, owing to the rising security threats and globally increasing e-commerce investments.
The Trusted Platform Module Market outlook is consolidated with top market players including Infineon Technologies AG, Nuvoton Technology Corporation, IBM Corporation, STMicroelectronics, Advanced Micro Devices, Inc., Atmel Corporation and others.
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Trusted Platform Module (TPM) Market Segment Analysis - By Geography
North America dominated the Trusted Platform Module market in 2020 with major trusted platform module market share close to 31.8% and is estimated to maintain the lead during the forecast period 2021-2026 owing to the advancements in digital technologies, increasing number of security threats, adoption of digital rights management technology and cybercrimes and increasing demand for privacy and secured systems. For instance, in August 2020, there was a series of cyber-attacks on various sectors of Canadian Government which disabled many governmental services. Such attacks affect the demand for TPM positively. Furthermore, the presence of large number of players in this region is catering to the growing demand of Trusted Platform Module. Moreover, APAC is estimated to witness the highest growth rate during the forecast period 2021-2026.
Trusted Platform Module (TPM) Market Drivers
Increasing Threats of Cyber-Attack
Growing E-Commerce Investments
Trusted Platform Module (TPM) Market Landscape
Trusted Platform Module top 10 companies include Infineon Technologies AG, Nuvoton Technology Corporation, STMicroelectronics, Advanced Micro Devices, Inc., Atmel Corporation, IBM Corporation, Intel Corporation, National Semiconductor, Samsung Group, Qualcomm semiconductor and others.
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