Global Physical Identity and Access Management (PIAM - ICT) Market Research Report
- Report Code: PH 1000
- Publish Date: Upcoming
The global physical identity & access management market is estimated to grow at a CAGR of 14.9% from 2014 to 2019. Physical identity & access management (PIAM) system is deployed in an organization to maintain authenticity, smooth data sharing, and to avoid fraud and unauthorized access. PIAM ensures one identity is assigned to one credential that covers all of an identity’s physical access rights. When one set of privileges changes, physical alteration gets triggered automatically. In other words, the PIAM system is responsible for automating lifecycle management of identities and their access rights throughout the physical domain.
PIAM includes physical security application such as badge management, visitor management, physical asset management, vehicle management, and access control systems. Presently, organizations (users) face the problem of lower productivity, lack of information security, and evaluation of regulatory compliance. It gets very important for organization to maintain timely and secure access around premises. All such issues increase the operating costs significantly.
PIAM deployments are increasing in order to safeguard the system from outside threats, such as unauthorized users. Increase in technology and product developments, compliance mandates from government, and management of massive on site visitors and contractors are accelerating the importance of secure access throughout the premises. It has been observed that PIAM capabilities, such as common authenticator and user provisioning, are relatively advanced.
In 2014, Quantum Secure held the leading position in the global physical identity & access management market. Quantum Secure was later acquired by HID Global, in April 2015, to develop its product portfolio in physical identity and access management offerings. AlertEnterprise, Intellisoft, Integid, Idcube, and Identiv are some of the other leading players in the global physical identity & access management market.
Scope of the Report
This research report categorizes the global physical identity & access management market into the following segments:
PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY OFFERING TYPE
- Software
- Services
PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL
- Airports
- Utilities
- Government and Public Sector
- Chemical/Pharma
- IT and Telecom
- Banking Financial Services, & Insurance (BFSI)
- Education
- Defense & Security
- Transportation and Logistics
- Others
PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY GEOGRAPHY
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
Table of Contents
1 INTRODUCTION (Page – 11)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 ACCESS CONTROL MARKET
1.2.2 IDENTITY & ACCESS MANAGEMENT (IAM)
1.2.3 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
1.2.3.1 SOFTWARE
1.2.3.2 SERVICES
1.2.3.3 DESIGN & CONSULTING
1.2.3.4 SYSTEM INTEGRATION
1.2.3.5 MAINTENANCE & SUPPORT
1.3 MAJOR SOLUTIONS IN THE PIAM MARKET
1.3.1 CORPORATE BADGE MANAGEMENT
1.3.2 AIRPORT BADGING
1.3.3 VISITOR MANAGEMENT
1.4 MARKET SEGMENTATION & COVERAGE
1.5 STAKEHOLDERS
1.6 ASSUMPTIONS
2 RESEARCH METHODOLOGY (Page – 18)
2.1 INTEGRATED ECOSYSTEM OF PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
2.2 ARRIVING AT THE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET SIZE
2.2.1 TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.2.3 DEMAND SIDE APPROACH
2.2.4 MACROINDICATOR-BASED APPROACH
3 EXECUTIVE SUMMARY (Page – 25)
4 MARKET OVERVIEW (Page – 27)
4.1 INTRODUCTION
4.2 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: COMPARISON WITH PARENT (IDENTITY & ACCESS MANAGEMENT) MARKET
4.3 KEY MARKET DYNAMICS
4.4 DEMAND SIDE ANALYSIS
4.5 MARKET DRIVERS AND INHIBITORS
5 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY OFFERING TYPE (Page – 35)
5.1 INTRODUCTION
5.2 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: OFFERING TYPE COMPARISON WITH IDENTITY & ACCESS MANAGEMENT
5.3 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SOFTWARE MARKET,
BY GEOGRAPHY
5.3.1 OVERVIEW
5.4 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SERVICES MARKET,
BY GEOGRAPHY
5.4.1 OVERVIEW
5.5 SNEAK VIEW: GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,
BY OFFERING TYPE
6 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL (Page – 43)
6.1 INTRODUCTION
6.2 DEMAND SIDE ANALYSIS
6.3 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN AIRPORT, BY GEOGRAPHY
6.4 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN UTILITIES, BY GEOGRAPHY
6.5 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN GOVERNMENT,
BY GEOGRAPHY
6.6 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN IT & TELECOM,
BY GEOGRAPHY
6.7 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN BFSI, BY GEOGRAPHY
6.8 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN EDUCATION, BY GEOGRAPHY
6.9 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN TRANSPORT AND LOGISTICS,
BY GEOGRAPHY, 2013-2019 (USD MN)
6.10 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN DEFENSE & SECURITY BY GEOGRAPHY
6.11 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN OTHERS, BY GEOGRAPHY,
2013-2019 (USD MN)
7 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY GEOGRAPHY (Page – 58)
7.1 INTRODUCTION
7.2 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW, 2014 & 2019 (%)
7.2.1 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL
7.3 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
7.3.1 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL
7.4 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
7.4.1 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,BY VERTICAL
7.5 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
7.5.1 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL
7.6 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET
7.6.1 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,BY VERTICAL
8 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: COMPETITIVE LANDSCAPE (Page – 75)
8.1 COMPANY PRESENCE IN PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,
BY VERTICAL
8.2 INDUSTRY COVERAGE
8.3 MERGERS & ACQUISITIONS
8.4 PRODUCT LAUNCH
8.5 PRODUCT AGREEMENT
8.6 EXPANSION
9 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY COMPANY (Page – 79)
9.1 ALERTENTERPRISE
9.1.1 OVERVIEW
9.1.2 PRODUCT AND SERVICE OFFERINGS
9.1.3 RELATED DEVELOPMENTS
9.1.4 MMM VIEW
9.2 QUANTUM SECURE( PART OF HID GLOBAL)
9.2.1 OVERVIEW
9.2.2 PRODUCT AND SERVICE OFFERINGS
9.2.3 RELATED DEVELOPMENTS
9.2.4 MMM VIEW
9.3 ACCESS SECURITY CORPORATION
9.3.1 OVERVIEW
9.3.2 PRODUCT AND SERVICE OFFERINGS
9.3.3 RELATED DEVELOPMENTS
9.3.4 MMM VIEW
9.4 IDCUBE
9.4.1 OVERVIEW
9.4.2 PRODUCT AND SERVICE OFFERINGS
9.4.3 RELATED DEVELOPMENTS
9.4.4 MMM VIEW
9.5 IDENTIV
9.5.1 OVERVIEW
9.5.2 KEY FINANCIALS DATA
9.5.3 PRODUCT AND SERVICE OFFERINGS
9.5.4 RELATED DEVELOPMENTS
9.5.5 MMM VIEW
9.6 INTELLISOFT
9.6.1 OVERVIEW
9.6.2 PRODUCT AND SERVICE OFFERINGS
9.6.3. RECENT DEVELOPMENT
9.6.4 MMM VIEW
9.7 NETIQ (PART OF MICRO FOCUS)
9.7.1 OVERVIEW
9.7.2 PRODUCT AND SERVICE OFFERINGS
9.7.3 RELATED DEVELOPMENTS
9.7.4 MMM VIEW
9.8 INTEGID GMBH ( PART OF NEXUS)
9.8.1 OVERVIEW
9.8.2 PRODUCT AND SERVICE OFFERINGS
9.8.3 RELATED DEVELOPMENTS
9.8.4 MMM VIEW
10 APPENDIX (Page – 94)
10.1 CUSTOMIZATION OPTIONS
10.1.1 PRODUCT PORTFOLIO ANALYSIS
10.1.2 REGIONAL-LEVEL DATA ANALYSIS
10.1.3 PRODUCT COMPARISON OF VARIOUS COMPETITORS
10.1.4 TRADE ANALYSIS
10.2 RELATED REPORTS
10.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
LIST OF TABLES
TABLE 1 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY GEOGRAPHY, 2014 (USD MN) 21
TABLE 2 GLOBAL PIAM: VERTICAL MARKETS, 2014 (USD MN) 23
TABLE 3 PHYSICAL IDENTITY & ACCESS MARKET: MACROINDICATOR (ICT EXPENDITURE),BY GEOGRAPHY, 2014 (USD MN) 24
TABLE 4 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: COMPARISON WITH PARENT MARKET, 2013–2019 (USD MN) 29
TABLE 5 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2013-2019 (USD MN) 30
TABLE 6 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY OFFERING TYPE, 2013-2019 (USD MN) 31
TABLE 7 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT OFFERING TYPE MARKET,BY GEOGRAPHY, 2014 (USD MN) 31
TABLE 8 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 32
TABLE 9 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: COMPARISON WITH VERTICALS, 2013-2019 (USD MN)33
TABLE 10 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: DRIVERS AND INHIBITORS 34
TABLE 11 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY OFFERING TYPE, 2013-2019 (USD MN) 36
TABLE 12 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: OFFERING TYPE COMPARISON WITH IDENTITY & ACCESS MANAGEMENT MARKET,2013– 2019 (USD MN) 37
TABLE 13 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SOFTWARE MARKET,
BY GEOGRAPHY, 2013-2019 (USD MN) 39
TABLE 14 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SERVICES MARKET,
BY GEOGRAPHY, 2014 (USD MN) 41
TABLE 15 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2013-2019 (USD MN) 45
TABLE 16 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN AIRPORT, BY GEOGRAPHY, 2013-2019 (USD MN)49
TABLE 17 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN UTILITIES, BY GEOGRAPHY, 2013-2019 (USD MN)50
TABLE 18 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN GOVERNMENT,
BY GEOGRAPHY, 2013-2019 (USD MN)51
TABLE 19 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN IT & TELECOM,
BY GEOGRAPHY, 2013-2019 (USD MN) 52
TABLE 20 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN BFSI, BY GEOGRAPHY,2013-2019 (USD MN)53
TABLE 21 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN EDUCATION,
BY GEOGRAPHY, 2013-2019 (USD MN) 54
TABLE 22 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN TRANSPORTATION AND LOGISTICS, BY GEOGRAPHY, 2013-2019 (USD MN) 55
TABLE 23 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN DEFENSE & SECURITY BY GEOGRAPHY, 2013-2019 (USD MN)56
TABLE 24 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT IN OTHERS, BY GEOGRAPHY, 2013-2019 (USD MN) 57
TABLE 25 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY GEOGRAPHY, 2013-2019 (USD MN) 59
TABLE 26 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,
BY VERTICAL, 2013-2019 (USD MN)61
TABLE 27 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2013-2019 (USD MN) 64
TABLE 28 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL, 2013-2019 (USD MN)67
TABLE 29 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,BY VERTICAL, 2013-2019 (USD MN) 70
TABLE 30 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL, 2013-2019 (USD MN) 73
TABLE 31 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET:76
TABLE 32 GLOBAL PHYSICAL IDENTITY ACCESS MANAGEMENT MARKET: MERGERS & ACQUISITIONS 76
TABLE 33 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: PRODUCT LAUNCH 77
TABLE 34 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: PRODUCT AGREEMENT 77
TABLE 35 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: PRODUCT AGREEMENT 78
LIST OF FIGURES
FIGURE 1 MARKET TREE OF PHYSICAL IDENTITY & ACCESS MANAGEMENT 12
FIGURE 2 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: SEGMENTATION & COVERAGE 16
FIGURE 3 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: INTEGRATED ECOSYSTEM19
FIGURE 4 RESEARCH METHODOLOGY 20
FIGURE 5 TOP-DOWN APPROACH21
FIGURE 6 BOTTOM-UP APPROACH22
FIGURE 7 DEMAND SIDE APPROACH22
FIGURE 8 MACROINDICATOR-BASED APPROACH23
FIGURE 9 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: SNAPSHOT26
FIGURE 10 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: GROWTH ASPECTS28
FIGURE 11 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2014 VS 201929
FIGURE 12 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT OFFERING TYPE MARKET,BY GEOGRAPHY, 2014 (USD MN)31
FIGURE 13 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY OFFERING TYPE, 2014 VS 2019 (USD MN)36
FIGURE 14 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: OFEERING TYPE COMPARISON WITH IDENTITY & ACCESS MANAGEMENT MARKET,2013–2019 (USD MN)37
FIGURE 15 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SOFTWARE MARKET,
BY GEOGRAPHY, 2014 VS 2019 (USD MN)38
FIGURE 16 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SOFTWARE MARKET,
BY GEOGRAPHY, 2013–2019 (USD MN)39
FIGURE 17 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SERVICES MARKET,
BY GEOGRAPHY, 2014 (USD MN)40
FIGURE 18 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT SERVICES MARKET,
BY GEOGRAPHY, 2013-2019 (USD MN)41
FIGURE 19 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2014 VS 2019 (USD MN)44
FIGURE 20 BFSI 45
FIGURE 21 AIRPORT 46
FIGURE 22 GOVERNMENT46
FIGURE 23 TRANSPORT47
FIGURE 24 TELECOMMUNICATION47
FIGURE 25 EDUCATION48
FIGURE 26 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN AIRPORT,
BY GEOGRAPHY, 2013-2019 (USD MN)48
FIGURE 27 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET IN UTILITIES, BY GEOGRAPHY, 2013-2019 (USD MN)49
FIGURE 28 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN GOVERNMENT, BY GEOGRAPHY, 2013-2019 (USD MN)50
FIGURE 29 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN IT & TELECOM, BY GEOGRAPHY, 2013-2019 (USD MN)51
FIGURE 30 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN BFSI, BY GEOGRAPHY,
2013-2019 (USD MN)52
FIGURE 31 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN EDUCATION, BY GEOGRAPHY,2013-2019 (USD MN)53
FIGURE 32 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN TRANSPORT AND LOGISTICS,
BY GEOGRAPHY, 2013-2019 (USD MN)54
FIGURE 33 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN DEFENSE & SECURITY,
BY GEOGRAPHY, 2013-2019 (USD MN)55
FIGURE 34 PHYSICAL IDENTITY & ACCESS MANAGEMENT IN OTHERS, BY GEOGRAPHY,
2013-2019 (USD MN)56
FIGURE 35 GLOBAL PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: GROWTH ANALYSIS, BY GEOGRAPHY, 2013-2019 (USD MN)59
FIGURE 36 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW, 2014 & 2019 (%)60
FIGURE 37 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT, BY VERTICAL
2013-2019 (USD MN)61
FIGURE 38 NORTH AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: VERTICAL SNAPSHOT62
FIGURE 39 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW,
2014 & 2019 (%)63
FIGURE 40 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL,2013-2019 (USD MN)64
FIGURE 41 EUROPE PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: VERTICAL SNAPSHOT65
FIGURE 42 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW,2014 & 2019 (%)66
FIGURE 43 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL, 2013-2019 (USD MN)67
FIGURE 44 ASIA-PACIFIC PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: VERTICAL SNAPSHOT68
FIGURE 45 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW, 2014 & 2019 (%)69
FIGURE 46 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET,BY VERTICAL, 2013-2019 (USD MN)70
FIGURE 47 MIDDLE EAST & AFRICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: VERTICAL SNAPSHOT71
FIGURE 48 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET OVERVIEW, 2014 & 2019 (%)72
FIGURE 49 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET, BY VERTICAL, 2013-2019 (USD MN)72
FIGURE 50 LATIN AMERICA PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: VERTICAL SNAPSHOT73
FIGURE 51 PHYSICAL IDENTITY & ACCESS MANAGEMENT MARKET: COMPANY PRODUCT COVERAGE, BY VERTICAL, 201475
FIGURE 52 IDENTIV REVENUE MIX 2014 87
Physical identity & access management is a solution that enables organizations to centrally manage the lifecycle of identities, such as permanent and temporary employees, contractors, service providers, and vendors, through communication with physical access systems. The solution also integrates with logical security systems to safeguard synchronized and policy-based on/off-boarding of identities and its physical access across multiple and disparate physical security systems.
With the increasing number of employees, visitors, and contractors, enterprises are faced with the challenges of managing crowd, along with the resultant increase in their operating and security expenses. Besides enterprises, places with a large number of commuters, such as airports, sub-ways, and so on, also face similar challenges. There is an increased need to effectively manage the numerous commuters without compromising on security aspects, while simultaneously optimizing the various costs incurred on different security operations.
The report gives detailed insights into the global physical identity & access management split across various regions, types offering with in-depth analysis of the regional adoption trends, future growth potential, key issues and opportunities considered in the market. Furthermore, it provides a comprehensive business case analysis along with the information on major market drivers, restraints, opportunities, challenges and key issues in the physical identity & access management market.
The global physical identity & access management market was valued at $272.2 million in 2014 and is projected to reach $546.2 million by 2019, at a CAGR of 14.9% from 2014 to 2019. The market was dominated by the designing and consulting segment, among. Among the regions, North America was the largest market for PIAM as of 2014.
Notable solution developers in this domain have been identified as Quantum Secure, AlertEnterprise, Idcube, Identiv, Intellisoft, and Integid, among others, who are expected to have a huge impact on the growth of the physical identity & access management market in the near future.
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