Bimodal Identity Management Solutions Market Share

Regionally, the global bimodal identity management solutions market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is expected to account for largest revenue share by 2036, impelled by rising number of government initiatives regarding authenticated access control in workplaces in the region. In addition, growing number of small & medium enterprises in India and China is also expected to propel the growth of the market in the region in the coming years. There were more than 42 million small to medium-sized enterprises in China in 2020, up from 39 million and 33 million enterprises in 2019 and 2018 respectively. Moreover, the market in North America is projected to acquire the largest share during the forecast period owing to the high level of digitalization, which is raising the adoption of identity management solutions among companies, and strong presence of major market players in the region.