Global Physical Identity And Access Management Market by Offering (Software, Services), by Application (BFSI, Airports, Defense & Security) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global physical identity and access management market (PIAM) was valued at USD 427.0 millions in 2018. It is expected to grow at a 14.6% CAGR between 2019-2025. Market growth is expected to be driven by the growing demand for access management and management software, as well as increased investments in corporate security. Companies are also implementing physical access management technology to combat cyber threats and improve their IT strategy.

Access management and physical identity solutions provide a complete management platform that allows for access and authentication of visitors, employees, contractors, partners, and other members of the organizational infrastructure. These systems offer a single point for control and a highly efficient and automated management solution to both the industrial and corporate security landscapes. Due to the demand to unify multiple security systems, there will be a significant rise in physical identity and access management. Companies are also working to streamline security management and integrate them into one platform. These initiatives are expected to increase the adoption of access management and physical identity solutions during the forecast period.

The government's increased influence on compliance and standard policies in areas such as energy, utilities, and airport security is fueling the industry's growth. The government's efforts to standardize security protocols are moving from the public sector to the private sector. Industries such as pharmaceuticals and civil infrastructure will also be under government control. This is facilitating the adoption of access management and physical identity solutions to a large extent.

There are also a variety of regulatory compliances, including the Sarbanes Oxley Act of2002 (SOX), PCI DSS Credit Card Security, Gramm-Leach-Bliley Financial Modernization Act, Gramm-Leach-Bliley Health Insurance Portability and Account Act (HIPAA), Gramm-Leach-Bliley Family Educational Rights and Privacy Act of 1974, and North-American Electric Reliability Corporation NERC, regarding security for the BFSI, Life Science, Education, Energy, Energy, Education, Energy and Utilities and Utilities, Life Science, Education, Energy and Utilities, Energy and Utilities, Energy and Utilities, Energy and Utilities, and Utilities, and Utilities, and Utilities, and Utilities, and Utilities, and Utilities, and Utilities, and Utilities, as well as well as well as they can be These regulations require companies to protect their data against external and internal threats. Organizations can now use more access management and physical identity technology.

The rapidly evolving technology landscape is an important aspect of the industry. This is expected to be driven by increasing adoption of smart cards, and other contactless technologies. The market for physical identity and access management (PIAM), is expected to expand rapidly due to a decrease in the cost of installing physical access control systems as well as the availability of intelligent software solutions. Organizations are developing mobile apps for their identity management solutions to meet the increasing demand and usage of mobile devices like smartphones and tablets.

Future developments will be possible because of the diverse capabilities of the industry's solutions, including entity lifecycle management, predictive analysis, modeling, and correlation. The unified platform for PIAM solutions, which is technologically viable and fully automated, has a greater focus on eliminating disparity among security systems including IT and OT and cyber threats. This will open the door to future security developments. Companies can now automate security systems to protect their assets and employees.

Offering Insights

The market can be divided into two segments based on the type of offering. The software segment still holds the majority of the market, but the services segment is seeing a positive growth rate. Access management and physical identity solutions provide many capabilities. These include PIV management, badging solutions and employee lifecycle management. They also allow for contractor/partner authorization and authorization. Due to growing demand for airport applications, particularly in developing countries, badge solutions will continue to expand in the future.

On-premise installation or via Software as a Service (SaaS), both options are available for the deployment of physical identity management and access management solutions. Services are driven by standard application segments such as security and airport, but software solutions can be used to cater for technologically-driven sectors like IT, telecom, and healthcare. A single source of information for managing users and permissions across the entire organization is provided by an identity solution. The physical identity and access management service have allowed users to create efficient systems that improve operational efficiency and lower their management costs.

Product Insights

The market can be divided into three segments based on its product: backend database solutions (credential management), credential management (visitor management) and so forth. Credential management is the dominant market, but compliance solutions, federal PIV solutions, and directory management are all gaining popularity with government and enterprise clients. Credential management solutions are expected to see significant growth due to the EU's General Data Protection Regulation. To ensure traceability and suitability, all major processes for issuing and revoking credentials and changing identity must be handled by a central system.

The Federal Aviation Administration (FAA), and the Transportation Security Administration (TSA), are responsible for many aspects of credential policies, as well as the operation of federal offices and airports. There is a growing demand for integrated and automated physical access control systems that can handle active directories, security threat assessment (STA), as well as criminal history records checks (CHRC). Credential management solutions will continue to gain popularity over the next six-years.

Application Insights

Segmentation of the PIAM market can be found in Banking, Financial Services and Insurance, defense and security, IT and telecom, government and the public sector, industrial, and other (logistics, transportation, and education). The critical nature of the sector's assets, infrastructure, and organizational data made the BFSI segment the dominant market share. This segment is expected to show remarkable growth in emerging economies like India and China, and will continue to dominate revenue. Companies are now offering PIAM solutions through the SaaS model. Small and mid-sized businesses (SMBs), with the SaaS model, can reduce costs associated system administration, skilled and experienced personnel, and dedicated high cost computing environments.

Due to the strict authorization and authentication procedures in the industry, the BFSI segment is closely followed. The defense and security segment will lose a lot of its share in the other application segments during the forecast period. In the next few years, both government and the public sector will experience significant growth. This is due to the increasing demand for access management and physical identity solutions from emerging economies such as India and China in the Asia Pacific region.

Regional Insights

North America accounted for the largest revenue share. This is due to technological innovation in the U.S., Canada and other countries. These regions are seeing a lot of solution vendors, as well as greater penetration of access control systems and protocols in North America. This is also helping to grow the physical identity and access management market. The rapid increase in data breaches in the U.S. will drive the deployment and expansion of access management solutions for physical identity over the next six-years. The Gramm-Leach-Bliley Act (GLB), which is a stringent federal regulation, plays a critical role in the adoption and use of PIAM solutions in America. This act requires financial institutions and securities firms to establish strict regulations to protect the privacy of consumer data. It also requires them create a program that assesses risks and provides protection against potential threats.

Over the forecast period, Asia Pacific will be the fastest-growing region market. The increasing availability and awareness of access management and physical identity solutions in emerging economies can explain the region's rapid growth. International standards and security concerns are driving the adoption of access management and physical identity solutions. China is closely followed by India which accounts for a significant portion of the region's market. India is expected to maintain its dominant position in this industry.

Market Share Insights on Physical Identity and Access Management (PIAM).

HID Global, Alert Enterprise, NetIQ Corp., Quantum Secure, Integid GmbH, Avatier Corp., Intellisoft Technologies, Inc., and ForgeRock are some of the key industry players in this market. These key players offer advanced PIAM solutions for corporate entities and government agencies. This will streamline the management security identities across multiple physical security systems. The automation of key workflows is a major focus. This allows for security options to be optimized by integrating advanced features like AI and facial recognition. AlertEnterprise, for example, announced in 2019 that it had added facial recognition technology to its Visitor Management Kiosk program. This new feature allows companies to provide superior access security for organizations to check-in visitors, contractors, employees, or guests. When combined with Enterprise Guardian software, the software provides complete access and physical identity management.

This market is highly competitive, fragmented, and has many active players both globally and locally. This market is highly competitive and fragmented. There are frequent mergers and acquisitions to diversify product offerings and increase market share. Nexus Technology GmbH announced in June 2016 a merger with Integid GmbH, while Quantum Secure was acquired by HID Global in 2015.

Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global physical identification and access management market (PIAM), based on product, region, application and offering.

• Offering Outlook (Revenue USD Million, 2014-2025)

  • Software

  • Services

• Product Outlook (Revenue USD Million, 2014-2025)

  • Backend Database Solutions

  • Credential Management

  • Visitors Management

• App Outlook (Revenue USD Million, 2014-2025)

  • BFSI

  • Security & Defense

  • Airports

  • IT & Telecom

  • Public Sector & Government

  • Industrial

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • MEA

Up Market Research published a new report titled “Physical Identity And Access Management Market research report which is segmented by Offering (Software, Services), by Application (BFSI, Airports, Defense & Security), By Players/Companies contractors, HID Global; Alert Enterprise; NetIQ Corp; Quantum Secure; Integid GmbH; Avatier Corp; Intellisoft Technologies, Inc; and ForgeRock The key players are working on offering advanced PIAM solutions to corporate entities and government agencies to streamline the management of security identities across different physical security systems There is also an increased focus on the automation of key workflows and processes to optimize security options by integrating advanced features such as AI and facial recognition For instance, AlertEnterprise announced the addition of facial recognition technology to its Visitor Management Kiosk software The new feature enables companies to deliver superior access security to organizations for check-in processes by visitors, guests The software also provides a complete physical identity and access management solution when combined with Enterprise Guardian software, employees, in 2019”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Physical Identity And Access Management Market Report Segments:

The market is segmented by Offering (Software, Services), by Application (BFSI, Airports, Defense & Security).

Physical Identity And Access Management Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Physical Identity And Access Management Market

Overview of the regional outlook of the Physical Identity And Access Management Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Physical Identity And Access Management Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Physical Identity And Access Management Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Software

                2. Services

                1. BFSI

                2. Airports

                3. Defense & Security

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Physical Identity And Access Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Physical Identity And Access Management Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.