Updated On May 15, 2024

By SaraNextGen

Physical Identity and Access Management Market Research Report

Global Physical Identity and Access Management Market size, market analysis, Market Revenue, trends, Regional Outlook, competition and growth opportunities till 2027.

• Physical Identity And Access Management Market:

• The GMI Research expects the physical identity and access management market to expand at a significant rate. From a regional perspective, North America is expected to dominate the market due to the strong presence of the major players like HID Global, IBM Corporation, and AWS, which are providing advanced solutions to end-users.

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• Physical Identity And Access Management Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers

• The rigorous security compliance and government regulations and the growing requirement for future-proofing security operations are the major factors driving the global physical identity and access management market at a global level. Government initiatives for standardization of security protocols are encouraging the public sector to shift towards the public sector due to various industries such as civilian infrastructure and pharmaceuticals are expected to come under government supervision. In addition to this, different regulatory compliances like PCI DSS Credit Card Security, Family Educational Rights and Privacy Act (FERPA), and Health Insurance Portability and Accountability Act (HIPAA), emphasize on enhancing security for various industries, including education, energy & utility, and BFSI. These government regulations make it compulsory for an organization to safeguard their data from internal and external threats, thus propelling the growth of the physical identity and access management market. On the other hand, the factors restraining the growth of the market include the limited skilled security analysts and the growing cases of security breaches owing to internal vulnerabilities.

• Component Segment Drivers

• Based on vertical, the market is segmented into IT & telecom, Government & Defense, BFSI, healthcare, energy & utility, transportation, education, and others. The government & defense segment is projected to increase at a faster CAGR in the forecast period. Government & defense organizations generate a huge volume of information, which surges the need for physical identity and access management solutions. PIAM solutions help the government & defense vertical in securing the infrastructure and users from identity risk with decreased cost. Thus, increasing complexities in the network and growing cases of cyberattacks and insider threats are the drivers accelerating the adoption of physical identity and access management solutions among the government & defense sector worldwide.

• Physical Identity And Access Management Market’s leading Manufacturers:

• IBM Corporation

• AWS

• HID Global

• AlertEnterprise Inc

• Micro Focus International plc

• Oracle Corporation

• Atos SE

• Nexus Group

• Wipro Ltd

• Access Security Corporation

• Physical Identity And Access Management Market Segmentation: Segmentation by Component:

• Software

• Services

• Segmentation by Organization Size:

• Small and Medium-Sized Enterprises (SMEs)

• Large Enterprises

• Segmentation by Vertical:

• IT & Telecom

• Government & Defense

• BFSI

• Healthcare

• Energy & Utilities

• Transportation

• Education

• Others (retail, manufacturing, and logistics)

• Segmentation by Region:

• North America

  • United States of America

  • Canada

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

  • Rest of the world (remaining countries of the LAMEA region)