Global Physical Security Information Management (PSIM) Market, By Deployment (On-premise, Cloud), By

Published Date: | Report Code : IT1958404


The increased use of Physical Security Information Management to identify network issues is one of the major drivers of the market. PSIM Solutions eliminate manual monitoring of IT infrastructure, enabling quick identification of flaws in the security system. This helps end-users save time and money.

Physical security information management (PSIM) can be defined as a software platform, which is used in order to enhance and automate the operations of center management. It makes the integration of multiple unconnected security applications and devices easier. PSIM also aids in controlling these unconnected security devices through one comprehensive user interface and thus they eliminate manual monitoring of IT infrastructure, enabling quick identification of flaws in the security system. 

Segment Analysis

The global physical security information management (PSIM) market is segmented on the basis of Solution, Solution, and end-user

On the basis of Solution, it is segmented on the basis of on-premise and cloud. The on cloud Solution is majorly preferred and used as they are cost-effective and provide enhanced features such as analytics on a real-time basis along with allowing access anytime and anywhere. 

By Solution, it is segregated into services and software. PSIM is most widely used in services due to the high adoption of consulting services and analytics as a service that offers both quality service and convenience to end-users.

On the basis of end-user, it is segmented into BFSI, transportation and logistics, government and defense, industrial manufacturing, healthcare, IT and telecom, energy and utility, and others

Key Factors Impacting Market Growth:
    • The increasing demand for centrally controlled disparate security systems are prominent ones.
    • Rising investment in intelligent transportation systems 
    • Rising number of security breaches in organizations

Key Developments:

    • May 2019 - Evoteq and Johnson Controls combined their ICT capabilities and introduced an end-to-end integrated 
      Artificial Intelligence which will create smart buildings and districts, on May, 2019.
    • On August 2018 CNL Software added more features to its IPSecurityCenter PSIM software at GSX which includes 
      enhancements that increase performance and help reduce operational response times in distributed, large-scale and 
      mission-critical deployments of IPSecurity Center. 

Regional Analysis:

By region, the physical security information management market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. 

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for physical security information management market.Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the physical security information management market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: CNL Software, HEXAGON, Johnson Controls, NEC Corporation, Vidsys, Inc

Market Segmentation:
By Deployment:
    • On-premise
    • Cloud

By Solution:
    • Software
    • Service

By Application: 
    • BFSI
    • Transportation and Logistics 
    • Government and Defense 
    • Industrial Manufacturing 
    • Healthcare
    • IT and Telecom
    • Energy and Utility
    • Others

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Deployment
        ◦ By Solution
        ◦ By Application

Reasons to Buy This Report:
    • Market size estimation of the  global physical security information management (PSIM)  market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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