Global Physical Identity and Access Management Market Size Study, by Component, Service, Organization Size, Vertical (BFSI, IT and ITeS, Telecom, Energy and Utilities, Transportation, Healthcare, Government and Defense, and Education), and Regional Forecasts 2022-2032

February 2025 | 285 pages | ID: GEEFC51F35AFEN
Bizwit Research & Consulting LLP

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The Global Physical Identity and Access Management (PIAM) Market is estimated to be valued at approximately USD 1177 million in 2023 and is expected to witness a remarkable compound annual growth rate (CAGR) of 14.2% during the forecast period 2024-2032. Physical Identity and Access Management solutions have emerged as an indispensable component in enhancing organizational security frameworks. By integrating cutting-edge technologies, PIAM systems help organizations centralize, streamline, and automate identity and access management processes, mitigating security risks, ensuring compliance, and enhancing operational efficiency. These solutions are particularly critical for sectors that prioritize stringent security protocols, such as BFSI, healthcare, and government.

The surging demand for advanced security solutions has been a key driver of the PIAM market's growth. Organizations are increasingly adopting PIAM systems to replace traditional access control methods, as these systems offer real-time identity management, analytics, and compliance monitoring. The integration of advanced technologies like artificial intelligence, machine learning, and IoT in PIAM systems has further improved predictive security measures, enabling proactive threat detection and response. However, the market growth faces constraints such as high initial deployment costs and the complexity of integrating PIAM solutions with legacy systems, which could hinder adoption, particularly among small and medium enterprises.

Regional analysis highlights that North America dominates the PIAM market, primarily driven by its advanced technological infrastructure, the early adoption of cutting-edge security systems, and stringent regulatory compliance requirements. The U.S. has been a key contributor, with robust investments in critical infrastructure security and IT modernization across sectors. Meanwhile, Europe has shown significant growth, supported by GDPR and other data protection regulations that emphasize robust access management. The Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, fueled by rapid digitalization, increasing cyber threats, and government initiatives in countries like India, China, and Japan to strengthen national security infrastructure.

The Global Physical Identity and Access Management market is also witnessing significant advancements in customization, enabling organizations to tailor solutions to their unique operational needs. The integration of PIAM with cloud-based platforms and mobile technologies has enhanced scalability and user accessibility, making it a preferred choice for businesses undergoing digital transformation. As organizations continue to prioritize security amid the rising threat of cyber-attacks and insider breaches, the adoption of PIAM solutions is projected to expand further across various industry verticals.

Major market players included in this report are:
  • IBM Corporation
  • HID Global Corporation
  • Microsoft Corporation
  • Siemens AG
  • Honeywell International Inc.
  • Johnson Controls International PLC
  • AlertEnterprise Inc.
  • Okta, Inc.
  • Avigilon Corporation (a Motorola Solutions Company)
  • Centrify Corporation
  • NetIQ (Micro Focus)
  • Ping Identity Corporation
  • Brivo Inc.
  • ForgeRock
  • Gemalto (Thales Group)
The detailed segments and sub-segments of the market are explained below:

By Component:
  • Hardware
  • Software
By Service:
  • Managed Services
  • Professional Services
By Organization Size:
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
By Vertical:
  • BFSI
  • IT and ITeS
  • Telecom
  • Energy and Utilities
  • Transportation
  • Healthcare
  • Government and Defense
  • Education
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Key Takeaways:
  • Market estimates and forecasts for 10 years from 2022 to 2032.
  • Annualized revenues and regional-level analysis for each market segment.
  • Detailed analysis of the geographical landscape with country-level insights for major regions.
  • Competitive landscape overview and analysis of key business strategies.
  • In-depth demand-side and supply-side market dynamics.
CHAPTER 1. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET EXECUTIVE SUMMARY

1.1. Global Physical Identity and Access Management Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Component
  1.3.2. By Service
  1.3.3. By Organization Size
  1.3.4. By Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Focus on Organizational Security and Compliance
  3.1.2. Technological Advancements in AI and IoT Integration
  3.1.3. Rising Cybersecurity Threats and Data Breaches
3.2. Market Challenges
  3.2.1. High Initial Deployment Costs
  3.2.2. Complexity of Integrating PIAM with Legacy Systems
3.3. Market Opportunities
  3.3.1. Expanding Government Regulations and Safety Standards
  3.3.2. Innovations in Sensor Technology and AI Integration
  3.3.3. Growing Consumer Demand for Enhanced Security Features

CHAPTER 4. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

5.1. Segment Dashboard
5.2. Global Physical Identity and Access Management Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Hardware
  5.2.2. Software

CHAPTER 6. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE & FORECASTS BY SERVICE 2022-2032

6.1. Segment Dashboard
6.2. Global Physical Identity and Access Management Market: Service Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Managed Services
  6.2.2. Professional Services

CHAPTER 7. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE & FORECASTS BY ORGANIZATION SIZE 2022-2032

7.1. Segment Dashboard
7.2. Global Physical Identity and Access Management Market: Organization Size Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Small & Medium Enterprises (SMEs)
  7.2.2. Large Enterprises

CHAPTER 8. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE & FORECASTS BY VERTICAL 2022-2032

8.1. Segment Dashboard
8.2. Global Physical Identity and Access Management Market: Vertical Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  8.2.1. BFSI
  8.2.2. IT and ITeS
  8.2.3. Telecom
  8.2.4. Energy and Utilities
  8.2.5. Transportation
  8.2.6. Healthcare
  8.2.7. Government and Defense
  8.2.8. Education

CHAPTER 9. GLOBAL PHYSICAL IDENTITY AND ACCESS MANAGEMENT MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Physical Identity and Access Management Market
  9.1.1. U.S. Physical Identity and Access Management Market
    9.1.1.1. Component Breakdown Size & Forecasts, 2022-2032
    9.1.1.2. Service Breakdown Size & Forecasts, 2022-2032
    9.1.1.3. Organization Size Breakdown Size & Forecasts, 2022-2032
    9.1.1.4. Vertical Breakdown Size & Forecasts, 2022-2032
  9.1.2. Canada Physical Identity and Access Management Market
9.2. Europe Physical Identity and Access Management Market
  9.2.1. UK Physical Identity and Access Management Market
  9.2.2. Germany Physical Identity and Access Management Market
  9.2.3. France Physical Identity and Access Management Market
  9.2.4. Spain Physical Identity and Access Management Market
  9.2.5. Italy Physical Identity and Access Management Market
  9.2.6. Rest of Europe Physical Identity and Access Management Market
9.3. Asia-Pacific Physical Identity and Access Management Market
  9.3.1. China Physical Identity and Access Management Market
  9.3.2. India Physical Identity and Access Management Market
  9.3.3. Japan Physical Identity and Access Management Market
  9.3.4. Australia Physical Identity and Access Management Market
  9.3.5. South Korea Physical Identity and Access Management Market
  9.3.6. Rest of Asia Pacific Physical Identity and Access Management Market
9.4. Latin America Physical Identity and Access Management Market
  9.4.1. Brazil Physical Identity and Access Management Market
  9.4.2. Mexico Physical Identity and Access Management Market
  9.4.3. Rest of Latin America Physical Identity and Access Management Market
9.5. Middle East & Africa Physical Identity and Access Management Market
  9.5.1. Saudi Arabia Physical Identity and Access Management Market
  9.5.2. South Africa Physical Identity and Access Management Market
  9.5.3. Rest of Middle East & Africa Physical Identity and Access Management Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. IBM Corporation
  10.1.2. HID Global Corporation
  10.1.3. Microsoft Corporation
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. IBM Corporation
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. HID Global Corporation
  10.3.3. Microsoft Corporation
  10.3.4. Siemens AG
  10.3.5. Honeywell International Inc.
  10.3.6. Johnson Controls International PLC
  10.3.7. AlertEnterprise Inc.
  10.3.8. Okta, Inc.
  10.3.9. Avigilon Corporation (a Motorola Solutions Company)
  10.3.10. Centrify Corporation
  10.3.11. NetIQ (Micro Focus)
  10.3.12. Ping Identity Corporation
  10.3.13. Brivo Inc.
  10.3.14. ForgeRock
  10.3.15. Gemalto (Thales Group)

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Physical Identity and Access Management Market, Report Scope
TABLE 2. Global Physical Identity and Access Management Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Physical Identity and Access Management Market Estimates & Forecasts by Component 2022-2032 (USD Million/Billion)
TABLE 4. Global Physical Identity and Access Management Market Estimates & Forecasts by Service 2022-2032 (USD Million/Billion)
TABLE 5. Global Physical Identity and Access Management Market Estimates & Forecasts by Organization Size 2022-2032 (USD Million/Billion)
TABLE 6. Global Physical Identity and Access Management Market Estimates & Forecasts by Vertical 2022-2032 (USD Million/Billion)
TABLE 7. Global Physical Identity and Access Management Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. Global Physical Identity and Access Management Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Global Physical Identity and Access Management Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Global Physical Identity and Access Management Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Global Physical Identity and Access Management Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Global Physical Identity and Access Management Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Global Physical Identity and Access Management Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 14. Global Physical Identity and Access Management Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Physical Identity and Access Management Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Physical Identity and Access Management Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Physical Identity and Access Management Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 18. Canada Physical Identity and Access Management Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Physical Identity and Access Management Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 20. Canada Physical Identity and Access Management Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
…..
This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Physical Identity and Access Management Market, Research Methodology
FIG 2. Global Physical Identity and Access Management Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods
FIG 4. Global Physical Identity and Access Management Market, Key Trends 2023
FIG 5. Global Physical Identity and Access Management Market, Growth Prospects 2022-2032
FIG 6. Global Physical Identity and Access Management Market, Porter’s 5 Force Model
FIG 7. Global Physical Identity and Access Management Market, PESTEL Analysis
FIG 8. Global Physical Identity and Access Management Market, Value Chain Analysis
FIG 9. Global Physical Identity and Access Management Market by Component, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Physical Identity and Access Management Market by Service, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Physical Identity and Access Management Market by Organization Size, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Physical Identity and Access Management Market by Vertical, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Physical Identity and Access Management Market by Region, 2022 & 2032 (USD Million/Billion)
FIG 14. North America Physical Identity and Access Management Market 2022 & 2032 (USD Million/Billion)
FIG 15. Europe Physical Identity and Access Management Market 2022 & 2032 (USD Million/Billion)
FIG 16. Asia-Pacific Physical Identity and Access Management Market 2022 & 2032 (USD Million/Billion)
FIG 17. Latin America Physical Identity and Access Management Market 2022 & 2032 (USD Million/Billion)
FIG 18. Middle East & Africa Physical Identity and Access Management Market 2022 & 2032 (USD Million/Billion)
FIG 19. Global Physical Identity and Access Management Market, Company Market Share Analysis (2023)
…..
This list is not complete; the final report does contain more than 50 figures. The list may be updated in the final deliverable.


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