$ 2.59 Bn Growth expected in Physical Security Information Management (PSIM) Market during 2020-2024 | Technavio

NEW YORK, Aug. 16, 2021 /PRNewswire/ — The «physical security information management (PSIM) market segmented by end-user (PEU, transportation, commercial,…

NEW YORK, Aug. 16, 2021 /PRNewswire/ — The «physical security information management (PSIM) market segmented by end-user (PEU, transportation, commercial, government and defense, and others), geography (North America, Europe, APAC, MEA, and South America), and solution (software and services) – Forecast and Analysis 2020-2024″ has been added to Technavio’s offering. Do you know the physical security information management (PSIM) market size is expected to reach a value of USD 2.59 billion during 2020-2024?

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Major Three Physical Security Information Management (PSIM) Market Participants:

CNL Software Ltd.

The company offers IPSecurityCenter. It is a PSIM solution provided by the company, which can work in city center CCTV operations, power stations, large enterprise security applications, and oil refineries. It manages all the security assets as per the security policy.

Genetec Inc.

The company offers PSIM solutions through video surveillance and access controls.

Hexagon AB

The company provides a software suite for PSIM, situational awareness, and decision support. Using this, security personnel can view and act on information from large-scale sensors, alarms, and video deployments and can rapidly and effectively assess, detect, and respond to threats.

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Physical Security Information Management (PSIM) Market 2020-2024: Segmentation

Physical security information management (PSIM) market is segmented as below:

  • End user
    • PEU
    • Transportation
    • Commercial
    • Government And Defense
    • Others
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America
  • Solution
    • Software
    • Services

The physical security information management (PSIM) market is driven by regulatory compliance. In addition, the integration of IoT with physical security is expected to trigger the physical security information management (PSIM) market toward witnessing a CAGR of over 21% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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