Physical Identity and Access Management Market Size, Share, Growth & Forecast 2020

1. Physical Identity and Access Management Market Size by Component (Software and Services), Organization Size (Large organization and Small & Medium Organization), Industry Vertical (IT & Telecom, BFSI, Retail, Healthcare, Government & Defense, and Others), and by Region, Global Forecast, 2018 to 2025 Single Use License: US$ 4400 Request Sample

2. Physical Identity and Access Management Market Size and Share 2025 • Increasing demand from organizations for diverse security systems to streamline security management is the major factor driving the demand for physical identity and access management market • The global physical identity and access management market size is expected to reach over USD 1 billion by 2025, at a CAGR of over 13%. The physical identity and access management systems offer a completely efficient and automated management option along with a single point of control to the industrial and corporate security landscape. The factors such as growing need to streamline business security and access management are the key factor boosting the for physical identity and access management software and services. • The existing and future physical identity and access management market developments are defined to determine the attractiveness of the market. Key impacting factors highlight the physical identity and access management market opportunities throughout the forecast period. Factors such as increasing strict government regulations and compliance related to security. In addition, increasing demand from organizations for diverse security systems to streamline security management of an entire organization or business is the key factor driving the market demand globally. However, the lack of awareness about advanced security solutions among various businesses and enterprises is expected to hamper the market growth. Furthermore, the increased adoption of physical access control systems is anticipated to create lucrative opportunities for the global physical identity and access management market in upcoming years.

3. Physical Identity and Access Management Market Size and Share 2025 • The report also highlights numerous aspects of the global physical identity and access management industry by evaluating the market through value chain analysis. Besides, the report covers numerous qualitative aspects of the physical identity and access management industry in market drivers, restraints, and key industry opportunities. Furthermore, the report offers a complete assessment of the market rivalry along with company profiling of local as well as global vendors. • The physical identity and access management market has strong competition among the well-established as well as new emerging players. Also, the physical identity and access management industry players are targeting prospective markets to capture a competitive advantage over the other industry players by forming agreements, mergers & acquisitions, acquiring new startups & other companies, forming collaboration and partnerships, and expanding their business presence. • Based on industry vertical, the market is bifurcated into IT & telecom, BFSI, retail, healthcare, government & defense, and others. In 2019, the BFSI segment captured the highest market revenue and is anticipated to dominate the physical identity and access management market throughout the forecast period. The dominance of this segment is mainly attributed to increasing rigorous authorization and authentication procedures across the financial sector. On the contrary, the healthcare industry is anticipated to gather the highest growth rate throughout the forecast period.

4. Physical Identity and Access Management Market Size and Share 2025 • Component Overview, 2018-2025 (USD Billion) • Software • Services • Organization size Overview, 2018-2025 (USD Billion) • Large organization • Small & Medium Organization • Industry Vertical Overview, 2018-2025 (USD Billion) • IT & Telecom • BFSI • Retail • Healthcare • Government & Defense • Others

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