Global Physical Identity and Access Management Market Size are estimated to expand rapidly in coming years, at a CAGR of 32.1 % from 2018 to 2025. In 2017, the global market valuation was USD 3.65 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Physical Identity & Access Management (PIAM) scheme is implemented in an organization to preserve authenticity, smooth information sharing, and prevent fraud and unauthorized access. Basically, the PIAM scheme is accountable for streamlining identity lifecycle management and access protection across the physical domain. Currently, organizations all over the world are facing issues such as lower productivity, lack of data security, and prevalence of compliance. Such issues cause an increase in the operational cost of an organization.  Geographically, the APAC region is expected to be the highest growing region in the global market of PIAM.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global PIAM market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global PIAM market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Type Insights: On the basis of component, global PIAM market has been segmented into solution and services. Among which solution segment is accountable for the largest share in the global market of PIAM market. PIAM solutions allow organizations to manage the life-cycles of integrities, such as employees, contractors, various vendors, service providers with the help of communication with physical access systems. The solution also integrates identity coordinated and policy-based on / off-boarding and physical access across various and heterogeneous personal safety schemes with logical safety mechanisms. PIAM solution deployments are growing to protect users from existential threats, such as unlawful users.

By Vertical Insights: On the basis of vertical, global PIAM market has been segmented into BFSI, airport, IT & telecom, utilities, education, defense & security, chemical/pharmacy. Among which the IT and telecom sector is expected to be the highest growth in the global market of PIAM. Owing to the increasing number of visitors, employees, and contractors, organizations had to face different challenges such as management of crowd, which will result in increase in security and management costing. As well as, places with the huge crowd also faces the same issue. Therefore, PIAM provides a wide range of solutions to overcome these issues, optimizing the costs related to different security operations.    

Regional Analysis

The PIAM market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific region is expected to witness high growth in the market in the forecast period. Increasing technology and product developments, public compliance mandates, and managing huge on-site tourists and contractors accelerate the global PIAM market in the Asia Pacific region. Countries in the Asia Pacific region such as China and Japan are funding and supporting local initiatives related to the digital world which have assisted for the growth of PIAM market.

North America is expected to witness high growth in upcoming time span due to high demand in the retail sector. The retail industry is quickly implementing physical identity & access management solutions that promote company stability and enhance competitiveness. Moreover enhancing the use of PIAM in government agencies which have highly private data of people and organizations are implementing PIAM policies and regulations to overcome security issues. Europe is anticipated to dominate the global PIAM market over the projected period. Public sector and utilities in the region are guided by improving operational efficiency, sharing data, and incorporating operational operations along with cost-efficiency.

Global Physical Identity and Access Management Market Size, Share Analysis by Region 2017

Global Physical Identity and Access Management Market Study Objective

1. To forecast the market size of PIAM market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of PIAM market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of PIAM market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of PIAM market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the PIAM market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Quantum Secure, AlertEnterprise, Idcube, Identiv, Intellisoft, and Integid are considered as key players in the global market of PIAM and are considered to dominate a notable share in the forecast period.

Global Physical Identity and Access Management Market Study Report Offer You!

The global PIAM market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.