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 – 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 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 2028,.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Physical Identity and Access Management Market Study:
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)
Physical Identity and Access Management Market Segment Analysis
|Type||Software and Services|
|Services||Implementation and Integration,Consulting,Maintenance and Support|
|Organization Size||Small & Medium Enterprises (SMEs),Large Enterprises|
|End Use Vertical||BFSI,Retail,IT and Telecommunication,Government/Public Sector,Healthcare,Real Estate,Energy and Power,Manufacturing,Others|
|Pricing Type||Monthly Subscription,Annual Subscription,One-Time License|
Increasing Adoption of New Technology like AI, IoT, and Big Data
Market Growth Drivers:
Increasing Demand for Security Operations in Various Enterprises and Stringent Government Regulations and Security Compliances
Lack of Skilled Security Analysts and Working Professionals
Lack of Awareness About Advanced Security Solutions Among End Users
Rising Adoption of Physical Identity and Access Management
The Players having strong hold in the market are IBM, Oracle, Amazon Web Services, and Atos. Some of the other players that are also part of study 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 Global Physical Identity and Access Management market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
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.
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 HID’s market leadership in RFID technology and strengthens its presence in Central and Eastern Europe.
Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Physical Identity and Access Management market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Physical Identity and Access Management market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Physical Identity and Access Management Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.