Study: Mobile Device Hardware Security Market Will Be Valued at $1.9 Billion in 2017

Posted on Jun 28 2012 - 6:58pm by Editorial Staff

A new report from ABI Research says that mobile device hardware security market will be valued at $1.9 billion in 2017. The industry currently valued at approximately $430 million in 2012, with such a phase as it moves, it will reach at a value of $1.9 billion by 2017. Presently, revenues generated from NFC secure elements are a small segment of the mobile device security market. “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 & content. Further, 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.

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