Physical Identity And Access Management Market Insights, Share And Forecast To 2034

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How Will the Physical Identity and Access Management Market Size Evolve?
The physical identity and access management market size has swiftly expanded in recent years, growing from $1.26 billion in 2024 to $1.42 billion in 2025. This translates to a compound annual growth rate (CAGR) of 12.8%. The uptick in the historic period can be attributed to an aging populace, the frequency of cardiovascular ailments, improvements in diagnostic technologies, surgical advancements, and awareness programs.
The market size is projected for rapid growth in the coming years, estimated to reach $2.59 billion by 2029 at a CAGR of 16.2%. Developments of next-generation stent-grafts, technological integration for remote monitoring, prevalence of abdominal aortic aneurysms (AAA), global aging population, and collaborations in research and development are considered major trends for the forecast period.
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What Are the Key Drivers of the Physical Identity And Access Management Market?
Rising awareness about data security is expected to be a key driver of the physical identity and access management market. Physical identity and access management in the data security process is crucial for personal information including employee or visitor identities, credentials, and access permissions. With the increasing incidence of identity-related breaches, the demand for secure data management is propelling the growth of the market.
Which Segments are Dominant in the Physical Identity and Access Management Market?
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), Healthcare, Education, Transportation, Airport, Other Industry Verticals
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Who Are The Major Players in Physical Identity and Access Management Market?
Major companies 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, Accenture 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.
What Are The Emerging Trends in The Physical Identity and Access Management Market?
The introduction of new technologies is a key trend gaining traction in the physical identity and access management market. For instance, AlertEnterprise, Inc., launched the Guardian AI Chatbot in February 2023, which uses the acclaimed GPT-3 platform by OpenAI to provide security operators with critical physical access and security insights with short queries and prompts.
Which Region Leads the Physical Identity and Access Management Market?
North America was the largest region in the physical identity and access management market in 2024. Moreover, Asia-Pacific stands to be the fastest-growing region during the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Physical Identity And Access Management Market Report 2025 Offer?
Physical identity and access management associates administrative procedures, laws, and technological tools in controlling identities and people’s physical access to facilities. The Physical Identity And Access Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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