Physical Identity and Access Management Market

Physical Identity and Access Management Market by Applications (Government & Public Sector, Industrial Defense & Security, Airports, IT & Telecom, BFSI, and Others), Products (Credential Management, Visitor Management, and Backend Database Solutions), Offering (Services and Software), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3671
  • Author: Growth Market Reports
  • Rating: 4.1
  • Total Reviews: 2
  • No. Of Pages: 220
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The global physical identity and access management market size was valued at USD 424.2 million in 2020 and expanding at a CAGR of 14.4% during the forecast period, 2021–2028. The growth of the market is attributed to the increased need for integrating various security systems.

Physical Identity and Access Management Market

Physical identity and access management is the cornerstone of a safe and compliant experience for employees, visitors, and contractors. It may address all identities throughout the whole company. In the corporate and industrial security environment, these systems give a single point of control and an automated and efficient administration solution. Moreover, to effectively deal with cyber risks and build a stronger IT strategy for greater operational efficiency, organizations are deploying physical identity and access management systems. In addition, the quickly changing technology environment and the rising use of contactless technologies and smart cards are key aspects of the market. Organizations are developing mobile apps that enable customers to access their identity management-related solutions sue to growing use of mobile devices such as smartphones and tablets. Moreover, the industry's solutions include a wide range of capabilities including physical identity management, entity lifecycle management, predictive analytics, modeling, and correlation, all of which are essential for future improvements.

The COVID-19 pandemic affected the overall behaviour of individuals and companies. As a result of this, the reliance on internet enterprises has expanded dramatically. The Internet ecosystem has become increasingly important across the world. Owing to the emergence of physical identity and access management, businesses can now safeguard their people and assets while simultaneously optimizing their business processes by automating security solutions.

Market Trends, Drivers, Restraints, and Opportunities

  • High demand for unifying diverse security systems is anticipated to grow the market share during the forecast period.
  • Security management is also being streamlined and integrated into a single platform by businesses. These initiatives are expected to boost the market growth.
  • With the lower installation costs for physical access control systems and the availability of sophisticated software solutions, these measures are anticipated to drive the market in the coming years.
  • Increasing cyber threat landscape and scarcity of skilled cyber security professionals among enterprises are major challenging factors that can hamper the market growth.
  • Technological advancement and growing integration of the hybrid cloud model in management services are expected to provide immense opportunities for market expansion.

Scope of the Report

The report on the global physical identity and access management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Physical Identity and Access Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Government & Public Sector, Industrial Defense & Security, Airports, IT & Telecom, BFSI, and Others), Products (Credential Management, Visitor Management, and Backend Database Solutions), and Offering (Services and Software)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Alert Enterprise; NetIQ Corp.; Quantum Secure; Integid GmbH; Avatier Corp; Intellisoft Technologies, Inc.; ForgeRock.; and HID Global

Market Segment Insights

Defense & security segment to constitute a key market share

In terms of applications, the physical identity and access management market is segregated into government & public sector, industrial defense & security, airports, IT & telecom, BFSI, and others. The BFSI segment is projected to account for a key market share during the forecast period due to the importance of company information, infrastructures, and resources in the industry. Moreover, the defense & security segment is likely to constitute a key market share owing to rigorous authorization procedures and authentication procedures in the industry.

Physical Identity and Access Management Market

Credential management solutions segment to grow at a rapid pace

Based on products, the market is categorized as credential management, visitor management, and backend database solutions. The credential management solutions segment is expected to grow at a rapid pace due to the security rules under the European Union’s General Data Protection Regulation and data privacy in Europe. However, the visitor management and backend database solutions segment are estimated to account for the fast-growing segments during the forecast period.

Software segment is projected to expand at a considerable CAGR

On the basis of offering, the physical identity and access management market is bifurcated into services and software. The software segment is projected to expand at a considerable CAGR during the forecast period. Physical identity and access management solutions are also available for on-premise deployment as well as distribution using the Software as a Service model. However, the service segment is anticipated to account for a major market share during the forecast period owing to standardized application categories such as airport and defense security.  

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific is expected to constitute a key share of the market during the projected period as physical identification and access control systems are becoming well-known and available in the region's growing economies. However, the market of North America is anticipated to expand at a rapid pace during the forecast period due to technological proliferation.

Physical Identity and Access Management Market

Segments

Segments Covered in the Report

The global physical identity and access management market has been segmented on the basis of

Applications

  • Government & Public Sector
  • Industrial Defense & Security
  • Airports
  • IT & Telecom
  • BFSI
  • Others

Products

  • Credential Management
  • Visitor Management
  • Backend Database Solutions

Offering

  • Services
  • Software

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Alert Enterprise
  • NetIQ Corp.
  • Quantum Secure
  • Integid GmbH
  • Avatier Corp.
  • Intellisoft Technologies, Inc.
  • ForgeRock
  • HID Global

Competitive Landscape

Key players competing in the global physical identity and access management market are Alert Enterprise; NetIQ Corp.; Quantum Secure; Integid GmbH; Avatier Corp; Intellisoft Technologies, Inc.; ForgeRock; and HID Global.

The greater emphasis is on automating essential procedures and processes to improve security by using sophisticated technologies such as AI and face recognition. For example, AlertEnterprise stated in 2019 that their Visitor Management Kiosk software aimed at include face recognition technology. The new functionality allowed businesses to provide improved access security to visitors, contractors, workers, and guests during check-in operations. When paired with Enterprise Guardian software, the program provided a comprehensive physical identity and access control solution.

Physical Identity and Access Management Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Physical Identity and Access Management Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Physical Identity and Access Management Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Physical Identity and Access Management Market - Supply Chain
  4.5. Global Physical Identity and Access Management Market Forecast
     4.5.1. Physical Identity and Access Management Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Physical Identity and Access Management Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Physical Identity and Access Management Market Absolute $ Opportunity
5. Global Physical Identity and Access Management Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Physical Identity and Access Management Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Physical Identity and Access Management Demand Share Forecast, 2019-2026
6. North America Physical Identity and Access Management Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Physical Identity and Access Management Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Physical Identity and Access Management Demand Share Forecast, 2019-2026
7. Latin America Physical Identity and Access Management Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Physical Identity and Access Management Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Physical Identity and Access Management Demand Share Forecast, 2019-2026
8. Europe Physical Identity and Access Management Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Physical Identity and Access Management Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Physical Identity and Access Management Demand Share Forecast, 2019-2026
9. Asia Pacific Physical Identity and Access Management Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Physical Identity and Access Management Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Physical Identity and Access Management Demand Share Forecast, 2019-2026
10. Middle East & Africa Physical Identity and Access Management Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Physical Identity and Access Management Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Physical Identity and Access Management Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Physical Identity and Access Management Market: Market Share Analysis
  11.2. Physical Identity and Access Management Distributors and Customers
  11.3. Physical Identity and Access Management Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The global physical identity and access management market has been segmented on the basis of

Applications

  • Government & Public Sector
  • Industrial Defense & Security
  • Airports
  • IT & Telecom
  • BFSI
  • Others

Products

  • Credential Management
  • Visitor Management
  • Backend Database Solutions

Offering

  • Services
  • Software

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Alert Enterprise
  • NetIQ Corp.
  • Quantum Secure
  • Integid GmbH
  • Avatier Corp.
  • Intellisoft Technologies, Inc.
  • ForgeRock
  • HID Global

Key players competing in the global physical identity and access management market are Alert Enterprise; NetIQ Corp.; Quantum Secure; Integid GmbH; Avatier Corp; Intellisoft Technologies, Inc.; ForgeRock; and HID Global.

The greater emphasis is on automating essential procedures and processes to improve security by using sophisticated technologies such as AI and face recognition. For example, AlertEnterprise stated in 2019 that their Visitor Management Kiosk software aimed at include face recognition technology. The new functionality allowed businesses to provide improved access security to visitors, contractors, workers, and guests during check-in operations. When paired with Enterprise Guardian software, the program provided a comprehensive physical identity and access control solution.

Physical Identity and Access Management Market

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