Global Physical Identity and Access Management Market – Industry Trends and Forecast to 2028

Physical Identity and Access Management Market Analysis and Insights

Physical identity and access management market will reach at an estimated value of USD 1,596.92 million and grow at a CAGR of 14.10% in the forecast period of 2021 to 2028. Rising future-proofing security operations is an essential factor driving the physical identity and access management market.

Physical identity and access management solutions offers a comprehensive management platform for the authentication and access of visitors, employees, contractors, and partners to organizational infrastructure. These systems help in providing a single point of control and also offer a completely efficient management and automated option to the corporate and industrial security landscape.

Rising stringent security compliances and government regulations is a crucial factor accelerating the market growth, also rising demand from organizations for diverse security systems to streamline security management of an entire organization or business, rising adoption of physical access control systems, growing awareness about data security across the emerging economies and rising government initiatives for standardizing security protocols are shifting from public sectors to private sectors are the major factors among others boosting the physical identity and access management market. Moreover, rising adoption of physical access control systems, rising need for business intelligence and increasing technological advancements and modernization in the management solutions will further create new opportunities for physical identity and access management market in the forecast period mentioned above.

However, rising lack of awareness about advanced security solutions among end users is the vital factor among others restraining the market growth, while rising remote identity proofing with the public, rising security breaches due to internal vulnerabilities and rising lack of skilled security analysts will further challenge the physical identity and access management market in the forecast period mentioned above.

This physical identity and access management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on physical identity and access management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Physical Identity and Access Management Market Scope and Market Size

Physical identity and access management market is segmented on the basis of types, anatomy and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of types, physical identity and access management market is segmented into services and solution.
• Based on anatomy, the physical identity and access management market is segmented into authenticator, reader, locks, doors, host, controller and card management system.
• The physical identity and access management market is also segmented on the basis of end-user into banking financial services & insurance (BFSI), aerospace and defence, government, pharmaceutical, chemical, telecommunication and IT and logistics.

Physical Identity and Access Management Market Scope Country Level Analysis

Physical identity and access management market is analysed and market size, volume information is provided by country, types, anatomy and end-user as referenced above.

The countries covered in the physical identity and access management market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the physical identity and access management market due to presence of a large number of solution vendors and greater penetration of physical access control systems and protocols, rapidly increasing number of data breaches in the U.S and rising stringent government regulations such as the Gramm-Leach-Bliley (GLB) in this region. Asia-Pacific is the expected region in terms of growth in physical identity and access management market due to rising awareness and availability of physical identity and access management solutions in the emerging economies of the region.

The country section of the physical identity and access management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Physical Identity and Access Management Market Share Analysis

Physical identity and access management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to physical identity and access management market.

The major players covered in physical identity and access management market report are Capgemini., Happiest Minds, HCL Technologies Limited, Infosys Limited, F5 Networks, Inc., Amazon Web Services, Inc., Hewlett-Packard Development Company, L.P., IBM Corporation, Microsoft, Oracle, Siemens, Dell, Broadcom., ForgeRock, Gemalto NV, Centrify Corporation., GlobalSign., Accenture., NTT Communications Corporation and Cognizant, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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