Physical security information management (PSIM) is a category of software that provides a platform and applications created by middleware developers, designed to integrate multiple unconnected security applications and devices and control them through one comprehensive user interface. It collects and correlates events from existing disparate security devices and information systems (video, access control, sensors, analytics, networks, building systems, etc.) to empower personnel to identify and proactively resolve situations. PSIM integration enables numerous organizational benefits, including increased control, improved situation awareness and management reporting.
The report forecasts the global Physical Security Information Management (PSIM) market to grow at a CAGR of xxxx% during the forecast period 2019-2026.
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Key Dynamics
Key vendors of PSIM vital for market expansion. For instance, NEC and Tyco are two leading players in the industry, their delivery business and service expanse will positively be affecting the overall industry development. Also, they play a role in serving major emerging economies such as China, India, and Brazil, this, however, can further push the market expanding.
One of the biggest end users for PSIM is the government body or the ones from the defense sector. The growing initiatives for the enhancement of smart cities and safe cities are highly reliant on the PSIM software and service basement, along with PSIM solutions are deployed to counter threats posed by physical attacks and cybercrime at crowded places, the various industry verticals tend to fuel the demand thus vigorously push forward the global industry.
However, the global Physical Security Information Management market expanding may be hampered by a number of constraints, for instance, the increasing penetration of rival software solutions such as video management systems and access control systems, coupled with the high cost of PSIM systems.
Segmentation
On the basis of type, Physical Security Information Management (PSIM) Market segmented into
l Access Control Systems
l Electronic Article Surveillance
l Fire Detection Systems
l GIS Mapping Systems
l Intrusion Detection Systems
l Computer Aided Dispatch Systems
l Other
On the application, Physical Security Information Management (PSIM) Market segmented into
l Energy, Oil & Gas
l Healthcare
l Homeland Defense
l Industrial & Manufacturing
l Travel & Transportation
l Education
l Retail & Distribution
l Other
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Competitive Landscape
Important players profiled in the global Physical Security Information Management (PSIM) market includeCNL Software Ltd, NICE Systems Ltd, Tyco International Limited, VidSys Inc, AxxonSoft Ltd, Genetec, Intergraph Corporation, Mer Inc, Milestone Systems A/S, S2 Security Corporation, Verint Systems, VideoNEXT Network Solutions Inc, and etc.
Regional Spotlights
North America prevails a leading position in the global market. The report highlights developing economies are emerging contenders in the global PSIM market. Due to the demand for centrally controlled disparate monitoring systems are increasing at a fast rate and the incentives undertaken for the development of smart cities.
Overall Regions Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
In-depth Physical Security Information Management (PSIM) Market Report: Intended Audience
l Physical Security Information Management (PSIM) devices manufacturers
l Raw material suppliers of Physical Security Information Management (PSIM) equipment
l Downstream vendors and end-users
l Traders, distributors, and resellers of Physical Security Information Management (PSIM) electronics
l IT hardware & networks industry associations and research organizations
l Product managers, Physical Security Information Management (PSIM) product industry administrator, C-level executives of the industries
l Market Research and consulting firms
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Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
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