Global Physical Security Information Management Overview
Prophecy Market Insights has recently published its insights on “Global Physical Security Information Management (PSIM) Market” for the forecast period of 2018-2029. The market is segmented into By Component (Software (Off-the Shelf (On Premise and Cloud-based) and Customized (On Premise and Cloud-based) and Service), By End-user (Residential, Retail, BFSI, Telecom & IT, Transportation & Logistics, Government & Defense Sector, Hospitality, and Others), and By Region.
This market is expected to witness significant growth during the forecast period on account of the initiatives undertaken for the development of smart cities, especially in developing economies. In addition, growing number of security breaches in organizations which are demanding for the deployment of several layers of security system is expected to drive growth of the global market over the forecast period. However, high cost of PSIM solutions and rising penetration of rival software solutions such as video management systems and access control systems are likely to restrain growth of the global market. The global market size was valued at US$ XXX Mn in 2018 and is expected to grow at a CAGR of around XX % from 2019 to 2029.
North America to grow at the highest CAGR during the forecast period
North America is one of the largest markets for PSIM. It is anticipated to be a strong player, especially in the development and implementation of new technologies for security and surveillance. This implementation of new technologies drives growth of the global market in this region. In addition, most numbers of safe city projects which are federally funded are in North America and driven by the implementation of PSIM systems as counter-terrorism measures.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global physical security information management (PSIM) market report segments the market on the basis of component, end-user, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global physical security information management (PSIM) market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global physical security information management market. For instance, in August 2018, CNL Software Ltd., enhanced the features of its IPSecurityCenter PSIM software at GSX. These enhancements involve increase in performance along with reducing operational response times in distributed, large-scale and mission-critical deployments of IPSecurity Center.
- NEC Corporation
- Tyco International
- CNL Software Ltd.
- Mer, Inc.
- Vidsys, Inc.
- Milestone Systems A/S
- Intergraph Corporation
- Hexagon AB
- Johnson Controls, Inc.
Prophecy Market Insights offers required customization on this report according to specific business requirements.