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to reach USD 1.1 billion by 2025 and registering a CAGR of 14.6% during the forecast period from 2019 to 2025, 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 urbanization 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 (IT) departments among several companies are demanding on holistic management solution, which is projected to drive the demand for physical identity & access management software.