Physical Iam Market Size to grow by USD 1314.8 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Physical Iam Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the Physical IAM market is a segment of the expansive global Technology Hardware, Storage, and Peripherals market, which falls under the broader Information Technology sector. This market encompasses manufacturers of cellular phones, personal computers, servers, computer components, and peripherals, as well as data storage components, motherboards, audio-video cards, monitors, keyboards, printers, and other related devices. Technavio's market analysis calculates the size of the Technology Hardware, Storage, and Peripherals market based on the revenue generated from the sales of these hardware devices, equipment, and components. The market's growth is anticipated to be driven by the escalating demand for data centers due to the COVID-19 pandemic, leading to a surge in work-from-home technologies. - The Physical Iam Market is experiencing significant growth, fueled by the Rapid growth of Internet of Things (IoT) networks. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rapid growth of Internet of Things (IoT) networks
  • Need to comply with regulatory requirements
  • Poor handling of data
  • Networking and connectivity issues with cloud-based IAM
• Growth Projections

The market size is estimated to grow by USD 1314.8 million, at a CAGR of 16.5% during the forecast period. In the business world, passwords have long been identified as a vulnerability in enterprise security. Data breaches, cyberattacks, and fraud pose significant risks to an organization's valuable data and assets. To mitigate these threats, vendors are offering multi-factor authentication (MFA) solutions across enterprises. For instance, Amazon.com provides virtual MFA devices that can be utilized on mobile hardware, such as smartphones. These devices can be assigned to only one IAM user, ensuring that the device is exclusively used by the designated individual. By implementing MFA, enterprises can add an extra layer of security to their credentials and data, thereby reducing the risk of unauthorized access and potential breaches.

For insights on company offerings- Request a sample report!

• Regional Insights

In the realm of business operations, Physical IAM (Identity and Access Management) is a crucial component ensuring secure and efficient user access to corporate systems and applications. By implementing Physical IAM solutions, organizations can manage and monitor access to physical facilities and assets, mitigating potential security risks and ensuring regulatory compliance. These solutions often incorporate technologies like smart cards, biometrics, and access control systems, streamlining processes while maintaining the highest level of security.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/