From GlobeNewswire: 2025-06-18 10:00:00

The Physical Identity and Access Management Market is on the rise, with a projected value of USD 3.70 billion by 2032, growing at a CAGR of 14.64% between 2024 and 2032. Major players include HID Global, IBM, Avatier, and more. The US market is expected to reach USD 1.0 billion by 2032, driven by regulatory compliance and cloud adoption.

In the PIAM market, software leads in revenue share, while services are expected to grow the fastest. BFSI dominates by application, with industrial sector growing rapidly. Backend database solutions are prevalent, with visitor management systems showing the fastest rate of growth to meet evolving facility needs.

North America dominates the PIAM market, with mature technology and a focus on regulations. Asia-Pacific is expected to grow the fastest, driven by smart city initiatives and increased national security threats. SNS Insider provides market research and consulting services to help clients navigate changing market conditions and make informed decisions.



Read more at GlobeNewswire: Physical Identity and Access Management Market to Hit USD