Mobile device hardware security market will grow to $1.9 billion by 2017

Telecom Lead America:
The mobile device hardware security market will grow to $1.9 billion by 2017
from approximately $430 million in 2012.

The bulk of the market is attributed to embedded chip
security consisting of embedded chip security technology such as ARM’s
TrustZone and other semiconductor companies’ security solutions.

Revenues generated by secure elements for near field
communication (NFC) and biometric sensors are also factored into the mix,
though relatively small compared to embedded chip security.

“The drivers for embedded chip security are increasing
demand of mobile payment transactions, digital rights management, enterprise
protection, and control access to the device. Additionally, semiconductor
companies will add further security features onto ARM’s TrustZone technology,
such as advanced security options for content or platform protection,” said Joshua
Flood, senior analyst, devices, applications & content.

Presently, revenues generated from NFC secure elements are a
small segment of the mobile device security market.

In 2011, only 7 percent of smartphones had NFC capabilities.
An increase in point of sale transactions, such as purchasing coffee,
transportation vouchers, or even cinema tickets, will increase the number of
NFC smartphones.

It is estimated that more than 60 smartphone models with NFC
capability are available now. Within the next two years, NFC security will
account for half of mobile device hardware security revenues.

editor@telecomlead.com

Latest

More like this
Related

India overtakes China as leading smartphone manufacturing hub for U.S. market

The U.S. smartphone market is undergoing a shift in...

Huawei leads China smartphone market in Q2 2025 as Vivo, OPPO lose

China’s smartphone market declined 4 percent year-on-year in Q2...

Realme NARZO 80 Lite 4G with 6300mAh battery, 90Hz display launches in India at Rs 6,599

Realme has launched NARZO 80 Lite 4G offering a...