PIAM is a security-based technology that offers authentication, authorization and provisioning services to control access to doors and other physical environments. The global physical identity and access management (PIAM) market has significant growth during the forecast period owing to increasing adoption of PIAM technologies by the various end-use industry such as aerospace & defense, and IT & Telecom industry, coupled with product expansion and technology expansion in the industry. PIAM offers real value by reducing both digital and physical security risks in security-conscious enterprises. It manages policies, procedures and access rules for onboarding and off-boarding of all kinds of worker identities including full or part-time employees, contractors, vendors or temporary workers.

The global physical identity and access management (PIAM) market is segmented on the basis of component and vertical as well as regional outlook. Based on the component, the global PIAM market is divided into hardware and software & services. The hardware segment is estimated to have a significant market share in the global PIAM market during the forecast period. The software & service segment is estimated to have a significant market growth owing to the growing adoption of designing and consulting services for PIAM. Based on vertical, the global PIAM market is segmented into the aerospace & defense, IT and telecommunication, BFSI, transportation & logistics and others. Moreover, the global PIAM market segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America estimated to have a significant market share in the global PIAM market due to rising adoption of the PIAM technology by different industry such as aerospace & defence. Further, Asia-Pacific has significant growth in the PIAM market.

The major players that contribute to the growth of the global physical identity and access management market include, Gemalto NV, IBM Corp., Oracle Corp., and Atos SE. in addition, other players operating in the market include Identiv, Inc., Okta, Inc., AlertEnterprise, Convergint Technologies LLC, Access Security Corp., and others. By adopting various market strategies such as product launch, merger & acquisition, partnerships collaborations, and others, these market players are gaining a strong position in the market. For instance, in January 2019, Convergint Technologies LLC acquired MTS Security to expand their security systems market in Ireland. This acquisition enabled the company to sustain a strong position by offering security and access services in the European market.

Research Methodology:

The market study of global physical identity and access management (PIAM) market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalogue

The report is intended to Physical Identity and Access Management (PIAM) services providers, PIAM software companies, government organizations, and others, provide sector for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Global PIAM Market Research and Analysis, by Component
• Global PIAM Market Research and Analysis, by Vertical

The Report Covers

• Comprehensive research methodology of the global physical identity and access management market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global physical identity and access management market.
• Insights about market determinants which are stimulating the global physical identity and access management market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.