Physical Security Information Management (PSIM) Market Size, Demand, Revenue By 2025 | CNL Software, HEXAGON, Johnson Controls, NEC Corporation among Others

A recent report published by QMI on the physical security information management market is a detailed assessment of the most important market dynamics. After carrying out thorough research of physical security information management market history as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for physical security information management during the forecast period. It can enable companies ivolved in physical security information management to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the increased use of physical security information management to identify network issues is one of the major drivers of the market. 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. 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.

Segmentation for better understanding of this market and its growth prospects
The global physical security information management (PSIM) market is segmented on the basis of the Solution, Solution, and end-user
Based on the 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.

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Based on end-user, it is segmented into BFSI, transportation and logistics, government and defense, industrial manufacturing, healthcare, IT and telecom, energy and utility, and others
Factors that will have a significant impact on the market growth are:

o The increasing demand for centrally controlled disparate security systems are prominent ones.
o Rising investment in intelligent transportation systems
o Rising number of security breaches in organizations
Important Developments:
o 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.
o 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.

Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market.

For physical security information management, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on physical security information management.

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North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of physical security information management. Also, most of the leading companies have headquarters in these regions.

Asia Pacific is estimated to be one of the fastest growing markets for physical security information management . Major countries in the Asia Pacific region are China, Japan, South Korea, India and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of physical security information management . Middle East and rest of the World are estimated to be emerging regions for physical security information management .
Companies Covered: CNL Software, HEXAGON, Johnson Controls, NEC Corporation, Vidsys, Inc

Market Segmentation:

By Deployment:
o On-premise
o CloudBy Solution:
o Software
o Service

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

By Region:

North America
o By Country (US, Canada, Mexico)
o By Deployment
o By Solution
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Deployment
o By Solution
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Deployment
o By Solution
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Deployment
o By Solution
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Deployment
o By Solution
o By Application

Rest of the World
o By Region (South America, Africa)
o By Deployment
o By Solution
o By Application

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

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
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This release was published on openPR.