Physical Identity and Access Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Physical Identity and Access Management (PIAM) is user provisioning and access management solution, which ensures every physical identity across an organization has the right access to the right areas at the right time. As on nowadays, organizations want to maintain authenticity, smooth data sharing, and to avoid fraud and unauthorized access in their systems and this demands is giving rise to the physical identity and access management market.

MARKET SCOPE

The "Global Physical Identity and Access Management Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the physical identity and access management market with detailed market segmentation by offering type, vertical, and geography. The report provides key statistics on the market status of the leading physical identity and access management market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on offering type, the global physical identity and access management market is segmented into software market and services market.
  
•  On the basis of vertical, the market is segmented into airport, utilities, government, IT and telecom, BFSI, education, transportation and logistics, defense and security, and others.
  

MARKET DYNAMICS

Drivers:

•  Rising need for physical identification, authentication, and access management is expected to remain the dominant force driving the demand for physical identity and access management.
  
•  Furthermore, increasing in order to safeguard the system from outside threats, such as unauthorized users then Increase in technology and product developments, compliance mandates from government, and management of massive on-site visitors and contractors are accelerating the importance of secure access throughout the organization, which in turn is expected will generate colossal demand of the physical identity and access management market.
  

Restraints:

•  High initial cost may hinder the growth of the physical identity and access management market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The physical identity and access management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the physical identity and access management market in these regions.

IMPACT OF COVID-19 ON PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the physical identity and access management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from physical identity and access management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the physical identity and access management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Access Security Corporation
  
•  AlertEnterprise, Inc.
  
•  CyberArk Software Ltd.
  
•  Fischer International Identity, LLC.
  
•  HID Global Corporation, an ASSA ABLOY group company,
  
•  IDCUBE Identification Systems (P) Ltd.
  
•  Identity Automation
  
•  Micro Focus
  
•  OneLogin, Inc.
  
•  Thales Group
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Physical Identity and Access Management Report Scope