Government and Defense Sector is the Leading End-user of the Physical Security I

Posted by Jordan Belford on December 16th, 2019

Market Overview:
Physical Security Information Management (PSIM) is a software that integrates physical security systems from one streamlined interface. One can monitor different hardware, alarm sensors, access control, and other types of devices from dissimilar systems using a centralized operating platform. Manage all of your integrated physical security systems from one streamlined interface, Enhanced real-time information from all of the security systems and provides integration for access control systems, video surveillance systems, intrusion, fire alarm, and related systems.
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. PSIM provides complete scenario awareness to effectively manage any security, business-related, or emergency situation in real-time across any industry propelling the demand across the world. 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. 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.

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Government and Defense sector is the leading End-User of the Physical Security Information Management (PSIM) market during the forecast period.
Government and Defense dominate the segment among end-users and is projected to lead the market over the forecast period 2019-2025. 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. PSIM solutions empower the competent use of resources to ensure the safety and security of smart city infrastructure, the safety of citizens, and promote a safe and secure city environment. 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.
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. PSIM systems support organizations in taking strategic decisions by risk data and sharing security that business executives can understand.
North America is the leading region of the global Physical Security Information Management (PSIM) market during the forecast period.
North America holds the largest market share of Physical Security Information Management (PSIM) market followed by Europe during the forecast period 2019-2025. North America is one of the foremost developed countries in terms of technology. 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. 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. The Asia Pacific is the fastest growing region owing to increasing government initiatives such as smart city projects to enhance the performance of security applications for implementation of safe city initiatives and serious infrastructure protection.
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.
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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global Physical Security Information Management (PSIM) Market size & forecast. The report promises to provide state-of-the-art technology of Physical Security Information Management and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the 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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