From: RegTech Analyst
The global physical identity and access management market size is projected to reach $1.1bn, growing at compound annual growth rate of 14.6% since 2019.
That is according to a new report by Million Insights. Increasing need for unified risk management and corporate asset security in large enterprises as well as SMEs is a major factor driving the market growth.
Growing urbanisation coupled with increasing complexity in operations, several organizations are facing challenges to manage and access companies’ assets, which are present across numerous geographies.
Additionally, the security and Information Technology departments among several companies are demanding on holistic management solution, which is projected to drive the demand for physical identity and access management software.
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