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The global Physical Identity and Access Management (PIAM) market can
be segmented into offering type, end-use industry, and geography. In
terms of offering types, the global Physical Identity and Access
Management (PIAM) market can be segmented into software and service.
This Physical identity and access management (PIAM) includes various
physical security application such as badge management, physical
asset management, visitor management, access control systems, and
vehicle management. Various enterprises are now focusing on their in
PIAM solution due to increasing security concerns related to customer
access management services, which is estimated to propel the demand
for PIAM solutions in the market in the near future. Additionally, in
terms of end-use industry, the global Physical Identity and Access
Management (PIAM) market can be segmented into aerospace and defense,
government, pharmaceutical, chemical, telecommunication and IT,
Banking Financial Services, & Insurance (BFSI), and logistics.
Across the globe, there is an increasing need to effectively manage
the several commuters without negotiating on security features.
Advanced physical Identity and Access Management (PIAM) solutions
have proven to reduce complexities and risk for industries such as
oil & gas, utilities, government and federal, and airports.
Federal agencies and airports management services are able to reduce
the service costs and decision time to establish an identity with the
help of proper lifecycle management and identity credentialing. This,
in turn, is projected to fuel the demand for global Physical Identity
and Access Management (PIAM) solutions in the during the forecast
period. Furthermore, physical Identity and Access Management (PIAM)
vendors are now focusing on linking the physical access control
system with the help of various IT network directory structures. This
newly developed solution is allowing to access the corporate
resources and applications which includes email, messaging, network
access, and databases. This factor is expected to act as an
opportunity for the PIAM market in the near future.
In terms of geography, the Physical Identity and Access Management
(PIAM) market can be segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa (MEA). North
America is estimated to dominate the global Physical Identity and
Access Management (PIAM) market during the forecast period due to a
large number of end use industries that are adopting this technology
to streamline operations in the region. The Asia Pacific market is
projected to expand at a significant CAGR rate during the forecast
period. Asia Pacific is likely to be the most attractive market for
various PIAM vendors during the forecast period due to the strong
presence of companies from the BFSI, healthcare, and IT sectors who
are focusing on installation of PIAM solutions.
Prominent players operating in the global Physical Identity and
Access Management (PIAM) market include AlertEnterprise (U.S.),
Access Security Corporation (U.S), IDCUBE (India), Quantum Secure
(U.S.), IBM Corporation (U.S), Dell Inc.( U.S.), and Oracle
Corporation (U.S.).
The report offers a comprehensive evaluation of the market. It does
so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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