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Home Technology Devices

TPM market will find growth in servers and industrial applications

FutureIoT Editors by FutureIoT Editors
September 17, 2024
Photo by Alex Knight from Pexels: https://www.pexels.com/photo/high-angle-photo-of-robot-2599244/

Photo by Alex Knight from Pexels: https://www.pexels.com/photo/high-angle-photo-of-robot-2599244/

The Trusted Platform Modules (TPM) market, once riding high on the pandemic wave with soaring demand for home offices and PCs, is set to hit the brakes. After years of explosive growth, ABI Research predicts a sluggish 5% CAGR from 2023 to 2028, landing back at pre-pandemic levels with just 199 million shipments by 2028.

“The TPM market has stagnated, primarily tied to PCs and printers. While the pandemic surge was a boon, it exposed the vulnerability of a market with limited applications,” says Michela Menting, research director at ABI Research.

Despite the potential for TPMs in IoT and industrial sectors, the expected boom never materialized. The TPM 2.0 standard aimed at these markets has struggled to gain traction, overshadowed by Secure Elements that are better suited for IoT.

However, renewed interest is sparking as edge devices with IoT operating systems gain traction. TPMs are now finding their niche in surveillance cameras, industrial gateways, and electric vehicles. Aggressive moves by ARM, Qualcomm, and NVIDIA are fuelling demand for TPMs in adjacent markets.

The landscape is dominated by three heavyweight players: Infineon, STMicroelectronics, and Nuvoton. “These vendors have a golden opportunity to broaden their reach, targeting high-compute edge devices and leveraging the strengths that made TPMs essential in the PC realm,” Menting concludes.

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Tags: ABI ResearchTPMtrusted plaform modules
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Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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