In its latest report, ABI Research is looking at mobile security, namely embedded mobile device hardware security. According to the research firm, this market is (will be) valued at approximately $430 million in 2012, and is set to grow to $1.9 billion by 2017.
The bulk of the market is attributed to embedded chip security that consists of technologies like ARM’s TrustZone and other semiconductor companies’ security solutions. Revenues generated by secure elements for 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.
Only 7% of smartphones had NFC capabilities in 2011, though that percentage will undoubtedly grow in the years ahead, eventually pushing NFC security to account for half of mobile device hardware security revenues.
Overall, the primary drivers for embedded chip security are increasing demand of mobile payment transactions, digital rights management (DRM), enterprise protection and control access to the device…