Scope of the Study
Physical identity and access management is the process of managing who has access to what information over time. The activity of physical identity and access management involves the creation of identities for users and systems. Secure user access plays a key role in the exchange of data and information. Moreover, electronic data is becoming ever more valuable for most companies. Access protection must, therefore, meet increasingly strict requirements Ė an issue that is often solved by introducing strong authentication. Identity and Access are two very important concepts of the physical identity and access management which are needed to be managed by the company. Companies are now relying more on the automated tool which can manage all these things.
The market study is being classified by Type (Software and Services) and major geographies with country level break-up. According to AMA, the Global Physical Identity and Access Management market is expected to see growth rate of 13.78% and may see market size of USD1493.84 Million by 2025.
IBM (United States), Oracle (United States), Amazon Web Services (United States), Atos (France), ID Global (United States), AlertEnterprise (United States), Micro Focus (United Kingdom), Okta (United States), Access Security Corporation (United States) and Gemalto (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Wipro (India), IDCUBE (India), E&M Technologies (United States), WSO2 (United States), Avatier (United States), Wallix Group (France), One Identity (United States), Sequr (United States), Identiv (United States), Nexus Group (Sweden) and Alfrednet (Bucharest).
The Players having a strong hold in the market are IBM, Oracle, Amazon Web Services, and Atos. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Physical Identity and Access Management market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Physical Identity and Access Management market by Type, Application and Region.
On the basis of geography, the market of Physical Identity and Access Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand for Security Operations in Various Enterprises
- Stringent Government Regulations and Security Compliances
- Increasing Adoption of New Technology like AI, IoT, and Big Data
- Lack of Awareness About Advanced Security Solutions Among End Users
- Rising Adoption of Physical Identity and Access Management
- Lack of Skilled Security Analysts and Working Professionals
Market Leaders and their expansionary development strategies
On 3rd October 2019, HID Global has announced that it has signed an agreement to acquire LUX-IDent, a leading provider of radio frequency identification (RFID) components, based in Lanskroun, Czech Republic. The acquisition extends HIDís market leadership in RFID technology and strengthens its presence in Central and Eastern Europe.
On 22nd January 2020, Micro Focus has announced the release of Voltage SmartCipher, a new offering that offers secure collaboration and simplifies unstructured data protection and management by combining critical technology features into a single solution for endpoint privacy and security.
Key Target AudiencePhysical Identity and Access Management Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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