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The Mobile Device Hardware Security Market - the ‘built-in’ components that protect information on smartphones and other mobile devices - will be worth $1.9 billion (£1.22 billion) in 2017, according to a new report from ABI Research. That’s more than four times the $430 million value of the market this year.
Details of the ABI Research announcement are below:
LONDON - 27 June 2012
Security has always been one of the forefront considerations within the mobile device industry. BlackBerry maker Research in Motion (RIM), for example, gained the attention of Wall Street bankers because of the financial industry’s need for high levels of data protection and security, along with the convenience of mobile use. A lot of talk in the mobile industry focuses around software security through detection and preventative applications; however, very little seems to be said on embedded mobile device hardware security.
Valued at approximately $430 million in 2012, the mobile device hardware security market will be worth $1.9 billion 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 (NFC) 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.
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