Physical Identity And Access Management Market Expansion Continues, with Forecast Valuation of $2.51 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Physical Identity And Access Management Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a swift expansion in the market size of physical identity and access management in the last few years. Expansion is projected to continue at a compound annual growth rate (CAGR) of 11.6%, escalating from $1.26 billion in 2024 to $1.41 billion in 2025. Factors such as an aging population, the increasing incidence of cardiovascular diseases, enhancement in diagnostic technologies, advancements in surgery, and awareness initiatives have been the key drivers of growth in the earlier period.

Physical Identity And Access Management Market Size Forecast: What's the Projected Valuation by 2029?
The market size of physical identity and access management is predicted to surge considerably in the ensuing years, reaching $2.51 billion by 2029 with a CAGR of 15.6%. The projected progress throughout this forecast period is believed to be influenced by several factors including an aging global population, a rise in cardiovascular diseases, advances in treatment methods, augmented awareness of genetic predispositions, and enhancements in healare infrastructure. Key trends expected during the forecast period encompass the evolution of next-generation stent-grafts, implementation of technology for remote monitoring, the prevalence of abdominal aortic aneurysms (AAA), the global graying population, and partnerships in research and development.

View the full report here:
https://www.thebusinessresearchcompany.com/report/physical-identity-and-access-management-global-market-report

What Are the Drivers Transforming the Physical Identity And Access Management Market?
Increased consciousness regarding data security is predicted to stimulate the expansion of the physical identity and access management market. Data security, which revolves around shielding data from unauthorized access and corruption, incorporates physical identity and access management. This system involves personal information such as the identities of employees or visitors, their credentials, and their access privileges. Implementing data security methods like encryption and access controls helps maintain the secrecy of information, thereby deterring unauthorized access or exposure, hence, prompting market development due to heightened data security awareness. For example, in February 2023, an India-based enterprise shared insight on significant enterprise security concerns including risk management and cybersecurity. As per a security magazine, 67% of companies experienced an identity-related breach in the previous year, and 84% of them confessed to one. Six out of ten organizations declared that each user possessed more than 21 separate identities, with 34% claiming that each user held between 21 to 30 distinct identities. Consequently, the escalating awareness about data security propels the progression of the physical identity and access management market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10719&type=smp

What Long-Term Trends Will Define the Future of the Physical Identity And Access Management Market?
In the physical identity and access management market, the rising trend is the release of new technologies. Companies at the forefront of the physical identity and access management market are concentrating on the advancement and unveiling of innovative technologies. Take for example, AlertEnterprise Inc., an American firm recognized for its cyber-physical security expertise. In February 2023, they launched the Guardian AI Chatbot, which uses the renowned GPT-3 platform from OpenAI. This product was designed to offer security personnel vital insights into physical access and security through short questions and prompts. The chatbot is capable of rapidly answering a wide array of queries about door reader analytics, visitor management, identity access management, and safety reporting.

Which Segments in the Physical Identity And Access Management Market Offer the Most Profit Potential?
The physical identity and access managementmarket covered in this report is segmented -

1) By Type: Software, Services
2) By Anatomy: Authenticator, Reader, Locks, Doors, Host, Controller, Card Management System
3) By Organization Size: Small And Medium Sized Enterprises, Large Enterprises
4) By Industry Vertical: Government And Defense, Energy And Utilities, Information Technology And IT-Enabled Services, Telecom, Banking Financial Services And Insurance (BFSI), Healare, Education, Transportation, Airport, Other Industry Verticals

Subsegments:
1) By Software: Identity Management Software, Access Control Software, Biometric Authentication Software, Single Sign-On (SSO) Solutions, Privileged Access Management (PAM) Software
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services, Training And Education Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10719&type=smp

Which Firms Dominate the Physical Identity And Access Management Market by Market Share and Revenue in 2025?
Major companies operating in the physical identity and access management market include 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, Thales Group, PLC., Convergint Technologies LLC, WIPRO Ltd., Acces Security Corporation, Identiv Inc., Johnson Controls International PLC, Gallagher Group Limited, Honeywell International Inc., Quantum Secure Inc., Crossmatch Technologies Inc., Genetec Inc., AMAG Technology Inc., Brivo Inc., Identropy Inc., Anviz Global Inc., EyeLock LLC, Suprema Inc., Alvarado Manufacturing Company Inc., NEC Corporation, Gemalto NV, ZKTeco Inc.

Which Regions Offer the Highest Growth Potential in the Physical Identity And Access Management Market?
North America was the largest region in the physical identity and access management market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global physical identity and access management market report during the forecast period. The regions covered in the physical identity and access management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10719

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.