Physical Identity & Access Management Market by Offering (Services, Software), Type (Integrated, Standalone), Deployment, Vertical - Global Forecast 2024-2030

Physical Identity & Access Management Market by Offering (Services, Software), Type (Integrated, Standalone), Deployment, Vertical - Global Forecast 2024-2030

The Physical Identity & Access Management Market size was estimated at USD 3.28 billion in 2023 and expected to reach USD 3.72 billion in 2024, at a CAGR 13.83% to reach USD 8.13 billion by 2030.

Global Physical Identity & Access Management MarketPhysical identity & access management (PIAM) is a framework of business processes, policies, and technologies that produce the management of physical identities and their physical access to facilities. With a PIAM framework, physical security managers can holistically control physical access at the role, policy, or attribute level for every employee, contractor, vendor, customer, or visitor. These technologies enforce user physical access profiles by integrating physical access control systems. PIAM also integrates with enterprise resource planning (ERP) and learning management systems to support ongoing physical identity management. Increasing demand for PIAM from the government & defense sector for secure infrastructure and rapid growth in security concerns at airports is improving the adoption of PIAM solutions. However, the increasing incidence of security breaches due to internal vulnerabilities and lack of standardizations significantly impedes the utilization of PIAM solutions. In addition, continuous innovation, availability of intelligent software solutions, and adoption of physical access control systems are expected to create growth opportunities for the PIAM market.Regional InsightsIn the Americas region, the presence of a large number of PIAM solution vendors and growth in penetration of physical access control systems and protocols, rapidly rising number of data breaches in the United States, and increasingly stringent government regulations such as the Gramm-Leach-Bliley (GLB) in this region. In North America, the convergence of physical and logical security and identity authentication methods plays an important role in better protecting a person's physical identity credentials and digital identity from a potential loss or threat. In Asia-Pacific, the rising internet penetration, rapid digital infrastructure development, many SMEs adopting such systems, and growing operational digitalization are all contributing to the growth of the PIAM market. In Europe, rising awareness and availability of physical identity and access management solutions and the strong presence of companies from the BFSI, healthcare, and IT sectors focusing on installing PIAM solutions enhanced the adoption of PIAM solutions across the region. In the Middle East and Africa, the increasing adoption and awareness of physical identity solutions in the region have surged in recent years, which is expected to help boost the physical identity & access management (PIAM) market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Physical Identity & Access Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Physical Identity & Access Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Physical Identity & Access Management Market, highlighting leading vendors and their innovative profiles. These include Access Security Corporation, Alert Enterprise, Inc., Amazon Web Services Inc., ASSA ABLOY Group, Avatier Identity Anywhere, CyberArk Identity, Dell Inc., FortiAuthenticator, Google, LLC by Alphabet Inc., Honeywell International Inc., IDCUBE Identification Systems Ltd., Identiv, Inc., IntelliSoft Technologies, Inc., International Business Machines Corporation, Johnson Controls International PLC, JumpCloud, Micro Focus International PLC, Microsoft Corporation, Nexus Group, Okta Workforce Identity, One Identity LLC, OneLogin, Oracle Corporation, Passly by Kaseya Company, Ping Identity, Rippling, Saaspass Inc., Salesforce, Inc., Silverfort, StrongDM, Thales SafeNet Trusted Access, Wipro Limited, and WSO2 LLC.

Market Segmentation & Coverage

This research report categorizes the Physical Identity & Access Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Services
Consulting
Implementation and Integration
Maintenance and Support
Software
Type
Integrated
Standalone
Deployment
On-Cloud
On-Premise
Vertical
BFSI
Education
Energy & Utilities
Government & Defense
Healthcare
IT & Telecom
Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Physical Identity & Access Management Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Physical Identity & Access Management Market?
3. What are the technology trends and regulatory frameworks in the Physical Identity & Access Management Market?
4. What is the market share of the leading vendors in the Physical Identity & Access Management Market?
5. Which modes and strategic moves are suitable for entering the Physical Identity & Access Management Market?

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