Valued at approximately $430m in 2012, the mobile device hardware security market will be worth $1.9bn by 2017. 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 and biometric sensors are also factored into the mix, though relatively small compared to embedded chip security. This will change, however, in the next two years.
"The primary drivers for embedded chip security are increasing demand of mobile payment transactions, digital rights management, enterprise protection, and control access to the device," says Joshua Flood, senior analyst, devices, applications and content.
ABI Research's report, Mobile Device Security, provides details on the market for biometric sensors in smartphones, tablets, PCs, and laptops.
Source: ABI Research
Timely, incisive articles delivered directly to your inbox.