Global Physical Security Information Management (PSIM) Market, By Software (Security Integration Platform, Advanced Video Management, and Command & Control Platform), By Service (Project, Support and Training), By End-User (Banking, financial services and insurance (BFSI), Telecom and IT, Transportation and Logistics, Government and Defense Sector, Energy and Utility, Healthcare, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Size and Forecast, 2015-2025
Published:
March 2019
Report Code:
BWC19115
Available Format:
PDF PDF Icon
Pages:
120

global physical security information management psim market bwc19115

Global Physical Security Information Management (PSIM) Market: Overview

The Physical Security Information Management (PSIM) market will reach USD 1.27 billion by 2025, with a CAGR of 13.7% during 2019-2025. Security has quickly become a serious concern for several businesses. Physical Security Information Management (PSIM) is a software that provides platform and applications and controls them through one interface. PSIM software and services enable the users to bridge the gap between IT and security and offer reliable protection to them, their buildings as well as personal databases. Platform and applications are designed for integrating multiple unconnected security devices & applications, in order to control them through a single comprehensive user interface for total security control.

Growth in the market is projected on account of growing demand for integrated IT and physical security systems coupled with growing adoption in various end-use sectors. One can monitor different hardware, alarm sensors, access control, and other types of devices from dissimilar systems using a centralized operating platform. Moreover, favorable government initiatives such as smart city and safe city projects coupled with growing requirement and adoption of security solutions across the country are further expected to aid the PSIM market globally.

PSIM helps in enhancing security services and efficacy for better accountability. The main advantage in executing PSIM grounded integration is that it is able to link systems at data level that includes Fire detection system, CCTV, video content analysis, access control systems, security alarms, and others. PSIM provides complete situation awareness to effectively manage any security, business-related, or emergency situation in real-time – across any industry propelling the demand across the globe.

Government and Defense sector holds the largest market share of the entire Physical Security Information Management (PSIM) market during the forecast period.

On the basis of end-users, Physical Security Information Management market is segmented into Banking, financial services and insurance (BFSI), Telecom and IT, Transportation and Logistics, Government and Defense Sector, Energy and Utility, Healthcare, and Others. Government and Defense sector dominate the segment and anticipated to lead the market over the forecast period 2019-2025. Due to increase in terror attacks, social unrest incidents in the past few years, and the destruction caused by these incidents has led to a disturbance in business communities and alarmed various organizations to deploy physical security systems across their infrastructure.

The growing focus on the expansion of smart cities and government initiatives like safe city programs are projected to contribute to the rising adoption of PSIM software and services across the globe. Moreover, growing demand for centralized control systems coupled with the increasing focus of businesses towards the enhancement of incident management and situational awareness for real-time situation management is expected to aid the global PSIM market over the forecast period.

North America accounts for the largest market size in the Global Physical Security Information Management (PSIM) market during the forecast period.

Geographically, the Physical Security Information Management (PSIM) market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is the leading region followed by Europe and Asia-Pacific during the forecast period 2019-2025. Owing to the need for safety against terrorist activities, illegal immigration, increasing criminal activities, and the requirement to reduce the cost of the security workforce. North America is one amongst the foremost developed countries in terms of technology. The Asia Pacific is anticipated to be the fastest growing region due to the rising cyber and physical security threats and the growing demand for centralized management and control of disparate security systems across the region. Growing smart city projects to enhance the performance of security applications for implementation of safe city initiatives and serious infrastructure protection is a key growth factor of the Asia Pacific PSIM market.

Objective of the Study:

·         To analyze and forecast market size of the Global Physical Security Information Management (PSIM) market, in terms of value & volume.

·         To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting Physical Security Information Management (PSIM) market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.

·         To outline, categorized and forecast the global Physical Security Information Management (PSIM) market on the basis of software, services, and end-user.

·         To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global physical security information management (PSIM) market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Physical Security Information Management (PSIM) Market Competitive Landscape

Companies such as NEC Corporation, CNL Software Ltd., VidSys, Inc., Tyco International Ltd., NICE Systems Ltd., Mer Inc., Intergraph Corporation, videoNEXT Federal, Inc., S2 Security Corporation, Milestone Systems A/S., Genetec Inc., AxxonSoft, and Qognify security technologies private limited are the key players in Physical Security Information Management (PSIM)  globally.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Physical security information management (PSIM) manufacturers

·         Research organizations and consulting companies

·         Organizations, associations and alliances related to Physical security information management (PSIM) market

·         Regulatory bodies

Scope of the Report

By Software

·         Integration Platform

·         Advanced Video Management

·         Command & Control Platform

By Services

·         Project

·         Support

·         Training

By End-Users

·         Banking, financial services and insurance (BFSI)

·         Telecom and IT

·         Transportation and Logistics

·         Defense Sector

·         Energy and Utility

·         Healthcare

·         Others

In addition, the report provides analysis of the Physical security information management (PSIM) market with respect to the following geographic segments and their high performing regions:

·         North America

·         Europe

·         Asia Pacific (APAC)

·         LATAM

·         MEA

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.

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