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

U.S. judge allows DOJ antitrust lawsuit against Apple to proceed

A U.S. judge has ruled that Apple must face...

Apple revamps EU App Store fees under DMA, adds charges for external payment links

Apple has shifted its App Store strategy in the...

HONOR X9c launches in India: Innovation, durability, and user-centric design converge

HONOR is set to launch the HONOR X9c in...

AR/VR headset market surges 18% as Meta leads and innovation drives shift to Mixed and Extended Reality

The global AR/VR headset market is undergoing a pivotal...