Pune, June 18, 2025 (GLOBE NEWSWIRE) -- Physical Identity and Access Management Market Size Analysis:
“The SNS Insider report indicates the Physical Identity and Access Management (PIAM) Market size was valued at USD 1.09 billion in 2023 and is projected to reach USD 3.70 billion by 2032. This remarkable growth, at a compound annual growth rate (CAGR) of 14.64% between 2024 and 2032”
Get a Sample Report of Physical Identity and Access Management Market@ https://www.snsinsider.com/sample-request/6523
Major Players Analysis Listed in this Report are:
- HID Global Corporation (HID SAFE Enterprise, HID SAFE for Aviation)
- Alert Enterprise (Guardian, Enterprise Guardian Command Center)
- IBM Corporation (Security Verify, Identity Governance and Intelligence)
- Nexus Group (Smart ID Physical Access, Smart ID Digital Access)
- Avatier (Identity Anywhere, Password Station)
- Access Security Corporation (Access Manager, Security Portal)
- WALLIX (Bastion, Trustelem)
- Identiv, Inc. (Velocity Software, uTrust TS Reader)
- alfrednet s.r.l. (Alnet Access Control, Alnet Visitor Manager)
- E&M Technologies, Inc. (Identity Management Suite, Access Control Integrator)
- Quantum Secure (SAFE for Enterprise, SAFE for Secure Facilities)
- AMAG Technology (Symmetry Access Control, Symmetry CompleteView)
- LenelS2 (OnGuard, Elements)
- Brivo (Brivo Access, Brivo Mobile Pass)
- Kastle Systems (KastlePresence, KastleVisitor)
- Johnson Controls (C•CURE 9000, P2000 Security Management)
- Honeywell (Pro-Watch, WIN-PAK)
- IDCUBE (Access360, TimeX)
- Micro Focus (NetIQ Identity Manager, NetIQ Access Manager)
- Okta (Identity Cloud, Lifecycle Management)
- Gemalto (SafeNet Trusted Access, IDPrime)
- Oracle (Identity Governance, Access Management Suite)
- AWS (IAM, AWS SSO)
- Atos (Evidian IAM Suite, Web Access Manager)
- Wipro (Access360+, Identity and Access Framework)
Physical Identity and Access Management Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.09 Billion |
| Market Size by 2032 | US$ 3.70 Billion |
| CAGR | CAGR of 14.64% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Segments | • By Offering (Software, Services) • By Product (Backend Database Solutions, Credential Management, Visitor Management) • By Application (BFSI, Defense & Security, Airports, IT & Telecom, Government & Public Sector, Industrial, Others) |
| Key Growth Drivers | Rising demand for secure access systems to protect critical infrastructure and sensitive facilities across enterprise and government environments |
Do you have any specific queries or need any customization research on Physical Identity and Access Management Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/6523
The U.S. Physical Identity and Access Management market was valued at USD 0.30 billion in 2023 and is projected to reach USD 1.0 billion by 2032, growing at a CAGR of 14.39% during 2024–2032. Growth is driven by stringent regulatory compliance (e.g., FISMA, HIPAA), rapid cloud adoption, and high enterprise focus on cyber-physical security convergence. Continued investment in smart buildings, critical infrastructure protection, and AI-based access solutions will further accelerate market expansion.
By Offering: Software Leads, Services, Driving Integration and Customization are the Fastest-Growing
The software segment dominated the market and accounted for 65% of revenue share in 2023, primarily driven by the pivotal role that software plays in identity lifecycle management and policy enforcement. When it comes to spreading centralized PIAM software platforms, enterprises often deploy those to unify the identity management process of the employee directories, access logs, and authorization controls across a number of physical sites. Such solutions provide near-zero latency policy changes, audit logs, as well as plug-and-play capability with HR and IT systems. The vendors are embedding AI and behavioral analytics, anomaly detections, and further improvement of decision-making.
The services segment is expected to register the fastest CAGR during the forecast period, the reason being, organizations that are required to implement such solutions would look for professional consultation, system upgradation, and user-trained professionals. The need for support and managed services will likely grow exponentially as organizations move to cloud-based platforms and multi-vendor ecosystems.
By Application: BFSI Dominates, Industrial Grows Fastest: Sector-Specific Identity Risks Fuel Adoption
The BFSI segment dominated the market in 2023 and accounted for 24% of revenue share in 2023, primarily due to heavy compliance requirements and the persistent threat of fraud over time. Banks, insurance, and financial companies also use sophisticated identity verification techniques that include multi-factor authentication, biometric scanning, and live access alerts for ATMs, vaults, and data centers. These systems keep the access rights dynamic and role-based.
The industrial segment is projected to grow at the fastest CAGR during the forecast period, driven by rapid digital transformations, smart factory deployments, and is also buoyed by safety requirements. Cross-industry organizations are leveraging PIAM for workforce segmentation, contractor movement tracking, and meeting international standards such as ISO 27001 and OSHA for physical safety and access.
By Product: Backend Database Solutions Dominate, Visitor Management Fastest-Growing: Evolving Facility Needs Drive Innovation
The backend database segment dominated the market in 2023 and accounted for 44% of revenue share. As these are a core part of the PIAM product category, necessary to persistently store identity credentials along with historical access data, compliance reports, and so forth. These systems have always supported integration with HR systems, Active Directory enterprise directories, and third-party access systems, nurturing a comprehensive identity governance posture. Backend solutions are the backbone of any large-scale PIAM deployment, especially in regulated sectors.
Visitor management systems show the fastest-growing rate due to the need for a secure and fast check-in process. To facilitate this process, enterprises are replacing manual logbooks with AI-powered kiosks, QR-code entry, and pre-registration portals to improve efficiency, limit exposure, and offer contactless, auditable visitor tracking in commercial and high-security environments.
Buy an Enterprise-User PDF of Physical Identity and Access Management Market Analysis & Outlook 2024-2032@ https://www.snsinsider.com/checkout/6523
North America Dominates, Asia-Pacific Grows Fastest: Tech Maturity vs. Digital Expansion
North America dominated the market in 2023 and accounted for 39% of revenue share, attributed to the mature ecosystem in terms of technology, a larger focus on regulations, and increasingly smart infrastructure among corporations and government organizations. Firms in the U.S. are investing in scalability with cloud cloud-based PIAM system integrated with cybersecurity platforms to drive the holistic governance between the physical and digital landscape.
The Asia-Pacific is expected to register the fastest CAGR during the forecast period, as countries such as India, China, and Singapore accelerate spending on their smart cities, critical infrastructure, and the foundations of their digital identities. Regional demand is also boosted by increased national security threats, industrial espionage, and growing private corporate industrial complexes. Local governments are adding enforcement of compliance requirements necessitating enterprise-wide identity access.
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
