Physical Identity And Access Management Market Report 2023: Size, Share And Industry Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Physical Identity And Access Management Global Market Report 2023 identifies the growing awareness about data security as the major driver for the physical identity and access management market's growth in the forecast period. Data security is the process of protecting data from unauthorized access and corruption. Physical identity and access management in the data security process provide personal information, including employee or visitor identities, credentials, and access permissions. Data security measures, such as encryption and access controls, are employed to ensure the confidentiality of information and prevent unauthorized access or disclosure, so rising awareness about data security will drive market growth.

The global physical identity and access management market size is expected to grow from $1.00 billion in 2022 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 13.60%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global physical identity and access management market size is expected to reach $1.91 billion in 2027 at a CAGR of 13.98%.

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Major competitors in the physical identity and access management market are IBM Corporation, Oracle Corporation, Nexus Group, HID Global Corporation, Alert Enterprise Inc., IDCUBE Identification Systems (P) Ltd., Micro Focus International PLC., Amazon Web Services Inc., Hewlett Packard Enterprise Development LP, Infosys Limited, HCL Technologies Limited, Capgemini SE, F5 Inc., Microsoft Corporation and Thales Group.

A key trend in the physical identity and access management market includes technology launches. Major companies operating in the physical identity and access management markets are focusing on developing and launching new technologies. For instance, in February 2023, AlertEnterprise, Inc., a US-based company that specializes in cyber-physical security, introduced the Guardian AI Chatbot, powered by OpenAI ChatGPT. The Guardian AI Chatbot is constructed using the acclaimed GPT-3 platform by OpenAI and is intended to provide security operators with critical physical access and security insights with short queries and prompts. The chatbot can quickly respond to a wide range of questions about door reader analytics, visitor management, identity access management, and safety reporting.

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The physical identity and access management market is segmented -
•By Type: Software, Services
•By Anatomy: Authenticator, Reader, Locks, Doors, Host, Controller, Card Management System
•By Organization Size: Small And Medium Sized Enterprises, Large Enterprises
•By Industry Vertical: Government And Defense, Energy And Utilities, Information Technology And IT-Enabled Services, Telecom, Banking Financial Services And Insurance (BFSI), Healthcare, Education, Transportation, Airport, Other Industry Verticals
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the physical identity and access management market.

The Business Research Company's "Global Physical Identity And Access Management Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Physical Identity And Access Management Market Include:
1. Executive Summary
2. Physical Identity And Access Management Market Characteristics
3. Physical Identity And Access Management Market Trends And Strategies
4. Physical Identity And Access Management Market - Macro Economic Scenario
5. Physical Identity And Access Management Market Size And Growth
……
26. Africa Physical Identity And Access Management Market
27. Physical Identity And Access Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Physical Identity And Access Management Market
29. Physical Identity And Access Management Market Future Outlook and Potential Analysis
30. Appendix

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