Access management and physical identity agreements (PIAM) are adopted by several companies due to the expansion of products and technology, compliance mandates and a better desire to achieve populations of substitute users, such as a strong emphasis on safe and timely access . In addition, secure identity and physical access management (PIAM) is influencing industry best practice, which makes it possible to streamline the processes of approval and request for access in multiple types of people, physical access systems and access profiles. users. Automatic and simplified access to physical security tasks on the PIAM platform is allowed through prepackaged approval. In addition, a system of access management and physical identity (PIAM) is installed in several companies to prevent fraud and unauthorized access, to maintain authenticity and to maintain the process of data exchange without problems. This access and physical identity management (PIAM) solution confirms the physical access rights of an identity. In addition, the access and physical identity management system is responsible for access rights throughout the physical domain and for the automation of the identity life cycle. This factor is driving the demand of the access management and physical identity (PIAM) market in the coming years. It is predicted that the PIAM market will constantly expand during the forecast period.
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The global market for access management and physical identity (PIAM) can be segmented into type of offer, end-use industry and geography. In terms of types of offer, the global Identity and Physical Access Management (PIAM) market can be segmented into software and service. This access management and physical identity (PIAM) includes several physical security applications, such as credential management, physical asset management, visitor management, access control systems and vehicle management. Several companies are now focusing on their solution in PIAM due to growing security concerns related to customer access management services, which are estimated to boost demand for PIAM solutions in the market in the near future. In addition, in terms of the end-use industry, the global access and physical identity management (PIAM) market can be segmented into aerospace and defense, government, pharmaceutical, chemical, telecommunications and IT, banking and insurance financial services (BFSI), and logistics Around the world, there is a growing need to effectively manage different passengers without negotiating about security features. Advanced access and physical identity management (PIAM) solutions have been shown to reduce complexities and risk for industries such as oil and gas, public services, government and federal government and airports. Federal agencies and airport management services can reduce service costs and decision time to establish an identity with the help of proper life cycle management and identity accreditation. This, in turn, is projected to feed the demand for global Access Management and Physical Identity (PIAM) solutions during the forecast period. In addition, access management and physical identity (PIAM) providers are now focusing on linking the physical access control system with the help of various IT network directory structures. This newly developed solution allows access to corporate resources and applications that include email, messaging, network access and databases. This factor is expected to act as an opportunity for the PIAM market in the near future.
In terms of geography, the Identity and Physical Access Management (PIAM) market can be segmented in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa (MEA). It is estimated that North America will dominate the global Access Management and Physical Identity (PIAM) market during the forecast period due to a large number of end-use industries that are adopting this technology to streamline operations in the region. The Asia Pacific market is projected to expand at a significant CAGR rate during the forecast period. Asia Pacific is likely to be the most attractive market for several PIAM providers during the forecast period due to the strong presence of companies from the BFSI, medical care and IT sectors that focus on installing PIAM solutions.
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The main actors operating in the global Access Management and Physical Identity (PIAM) market include AlertEnterprise (USA), Access Security Corporation (USA), IDCUBE (India), Quantum Secure (USA). ), IBM Corporation (USA), Dell Inc. (USA)) and Oracle Corporation (USA).
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