The Physical Identity and Access Management Market report upholds the future market predictions related to Physical Identity and Access Management market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Physical Identity and Access Management market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Physical Identity and Access Management market, the report also offers a full study of the future trends and developments of the market.
Global Physical Identity and Access Management Market is valued approximately at USD 690.9 million in 2019 and is anticipated to grow with a healthy growth rate of more than 14.2% over the forecast period 2020-2026. Physical identity and access management (PIAM) is software that offers management platform for the access and authentication of employees, contractors, visitors, and partners to organizational infrastructure. PIAM detects the outside threats such as unauthorized users and face the problem of lower productivity, lack of information security and evaluation of regulatory compliance. The rising adoption of physical identity and access management in various applications such as Government & Defense, Energy & Utilities, Information Technology & IT-Enabled Services, Telecom, Banking, Financial Services and Insurance, Healthcare, Education, Transportation etc. will boost the demand in the market
The report thoroughly covers the Physical Identity and Access Management market by type, applications and regions. The report provides an balanced and detailed analysis of the on-going Physical Identity and Access Management trends, opportunities/high growth areas, Physical Identity and Access Management market drivers which would help the investors to device and align their market strategies according to the current and future market dynamics.
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The future-proofing security operations and stringent security compliances and Government Regulations are the few factors responsible for growth of the market over the forecast period. Furthermore, surge in demand for cloud-based Physical Identity and Access Management among small- & medium-sized businesses and increase in awareness about numerous benefits provided by this software seems to be opportunity for market key players to expand their business, will likely to propel the growth of this market. For instance: as per company's news release in September 2017, HID Global launched Quantum Secure SAFE Enterprise, an off-the-shelf addition to its SAFE Physical Identity and Access Management (PIAM). Quantum Secure SAFE Enterprise manage all of organization's identity types at lower cost and there will not be any need to purchase a separate standalone product. However, lack of awareness about advanced security solutions is the major factor restraining the growth of global Physical Identity and Access Management market during the forecast period.
Physical Identity and Access Management Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.
Major Companies covered in Physical Identity and Access Management market report are: HID Global (Quantum Secure), AlertEnterprise, IDCUBE Identification Systems, Micro Focus, OKTa Inc., Access Security Corporation, Gemalto, The International Business Machines Corporation (IBM), Oracle, Amazon Web Services (AWS), Avatie
The report Physical Identity and Access Management market is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Besides, the Physical Identity and Access Management market report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Moreover, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The Physical Identity and Access Management research report provides answers to the following key questions:
- What are the major driving forces expected to impact the development of the Physical Identity and Access Management market across different regions?
- What will be the growth rate and the market size of the Physical Identity and Access Management industry for the forecast period 2019-2025?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the Physical Identity and Access Management market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2019-2025?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Physical Identity and Access Management market?
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