Press release
Physical Identity and Access Management (PIAM) Software Market 2021 Business Outlook - HID Global Corporation, AlertEnterprise Inc., IDCUBE Identification Systems (P) Ltd, Micro Focus International PLC
Market Insights Reports has added new statistical data to its repository titled as, Global Physical Identity and Access Management (PIAM) Software Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Physical Identity and Access Management (PIAM) Software market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.The physical identity and access management (PIAM) software market is expected to register a CAGR of 13% during the forecast period (2021 - 2026).
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Top Key Players in the Global Physical Identity and Access Management (PIAM) Software Market are HID Global Corporation, AlertEnterprise Inc., IDCUBE Identification Systems (P) Ltd, Micro Focus International PLC, Amazon Web Services Inc., Convergint Technologies LLC, WIPRO Ltd, Acces Security Corporation, IBM Corporation, SAASPASS Inc., and others.
Industry News and Update:
- April 2019 - HID Global, a worldwide leader in trusted identity solutions, announced the availability of a new HID Authentication Service, which is a part of its cloud identity platform, designed to deliver a suite of trusted identity solutions.
Key Market Trends:
BFSI is Expected to Hold the Largest Market
- Real-time management of identities and related areas that are dispersed across physical and logical security infrastructure becomes crucial. Therefore, creating efficiencies and automation in identity management through physical access and identity management may help in curbing such silos.
- Various regulations, such as BASEL II and GLBA, have become fixtures from a compliance standpoint and are likely to be influential in boosting the PIAM market positively, during the forecast period.
- In April 2019, AlertEnterprise announced the addition of biometric facial recognition technology to its Visitor Management Kiosk software, to deliver frictionless access security to organizations for check-in processes by employees, visitors, contractors, and guests. This software provides complete physical identity and access management solutions when combined with the Enterprise Guardian software.
- PIAM offers some benefits to the financial institutions, such as generating reports and automatically extracting compliance-related information from data on a regular basis, thus demonstrating compliance with each of the regulations governing their operations.
North America is Expected to Hold the Largest Share in Market
- Inorder to better protect a person's physical identity credentials, as well as digital identity, from a potential loss or threat, the convergence of physical and logical security and identity authentication methods play an important role.
- According to the Identity Theft Association, there were 135 data breaches in the United States, from 2014 to 2018, in the fields of banking, credit, financial institutions. These breaches have stirred the need for a solution that can help in preventing such occurrences, which may, in turn, boost the PIAM market in the region.
- The increased spending by the government in the aerospace and defense sector is expected to positively influence the PIAM market throughout the forecast period. For instance, NATO projected that, in 2018, the United States was planning to spend USD 1,989 per capita on military causes.
Full Browse the report description and TOC:
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This Global Physical Identity and Access Management (PIAM) Software Market report addresses:
– The Market size from 2016-2021
– Expected market growth until 2026
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead the market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place.
Frequently Asked Questions about Global Physical Identity and Access Management (PIAM) Software market:
– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?
We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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