Physical Identity and Access Management (PIAM) Software Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 6.5 Billion by 2030, growing at a CAGR of 10.1% from 2024 to 2030.
The global Physical Identity and Access Management (PIAM) software market was valued at approximately $2.5 billion in 2022, with expectations to grow significantly over the forecast period. The market is projected to expand at a compound annual growth rate (CAGR) of around 12.5% from 2023 to 2030. This growth is driven by increasing security concerns, rising regulatory compliance requirements, and the need for enhanced operational efficiency across various sectors, including healthcare, government, and enterprise. The adoption of PIAM solutions is anticipated to surge as organizations seek advanced technologies to manage and streamline access control and physical identity verification.
Emerging markets present substantial opportunities for PIAM software, particularly in regions experiencing rapid urbanization and economic development. Countries in Asia-Pacific, Latin America, and the Middle East are expected to witness accelerated adoption of PIAM solutions due to growing infrastructure projects, increasing investments in smart city initiatives, and the rising demand for robust security measures. Additionally, advancements in artificial intelligence and integration with IoT devices are likely to create new avenues for market growth and innovation. The expansion into these emerging markets is projected to further drive the overall market development and create new revenue streams for PIAM software providers.
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Convergint
HID
Genetec
Quantum Secure
Wipro
ID-ware
CloudGate
Globeteam
IBM
Microfocus
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Physical Identity and Access Management (PIAM) Software Market
Healthcare
Aviation
Banking
Government
Business
Others
Based on Types the Market is categorized into Below types that held the largest Physical Identity and Access Management (PIAM) Software market share In 2023.
PIAM for Small to Medium Enterprise
PIAM for Large Enterprise
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Physical Identity and Access Management (PIAM) Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Physical Identity and Access Management (PIAM) Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Physical Identity and Access Management (PIAM) Software Market, By Type
6. Global Physical Identity and Access Management (PIAM) Software Market, By Application
7. Global Physical Identity and Access Management (PIAM) Software Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Physical Identity and Access Management (PIAM) Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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