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Physical Security Information Management (PSIM) Global Market Report 2025: Growth Fuelling Factors, Market Size, CAGR, Leading Players and Trends Analyzed
Physical Security Information Management (PSIM) Market Size
What Is The Projected Market Size Of The Global Physical Security Information Management (PSIM) Global Market Report 2025 And Its Growth Rate?
•The PSIM market size has rapidly grown from $1.7 billion in 2024 to the forecasted $1.97 billion in 2025 (15.9% CAGR).
•The market size is expected to reach $3.74 billion by 2029, growing at a CAGR of 17.3%.
•Growth factors include increasing security threats, need for regulatory compliance, and focus on critical infrastructure protection.
•Future growth is anticipated due to rising cybersecurity threats, smart city initiatives, and global urbanization trends.
What Is Driving The Growth In The Physical Security Information Management (PSIM) Global Market Report 2025?
Growing instances of cybercrime are expected to propel the market growth. PSIM solutions help to advance and safeguard networked systems, and prevent cybercrime, ensuring security of customers. For instance, ReportCyber received nearly 94,000 cybercrime reports in the 2022-23 financial year, marking a 23% increase from the prior year, as per the 2023 ASD Cyber Threat Report. This underlines the increasing importance of PSIM solutions to control cybercrime.
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Who Are the Key Players Driving Physical Security Information Management (PSIM) Global Market Report 2025 Growth?
•CNL Software Ltd.
•Genetec Inc.
•VidSys Inc.
•Verint Systems Inc.
•NICE Systems Ltd.
•Johnson Controls International plc
•Prysm Software Limited
•AxxonSoft Limited
•Milestone Systems A/S
•Hexagon AB
What Are The Key Trends In The Physical Security Information Management (PSIM) Global Market Report 2025?
•Collaboration with third-party systems
•Cybersecurity measures for PSIM platforms
•Scalability and modular solutions
•Incident response automation
•Focus on user training and education
What Are The Segments Of The Global Physical Security Information Management (PSIM) Global Market Report 2025?
•By Type: Access Control Systems, Electronic Article Surveillance, Fire Detection Systems, Intrusion Detection Systems, Computer Aided Dispatch Systems, Other Types
•By Deployment Mode: Cloud-Based, On-Premises
•By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Government And Defense, Transportation And Logistics, Retail, Other Industry Verticals
Which Region Leads The Physical Security Information Management (PSIM) Global Market Report 2025?
Europe was the largest region in the PSIM market in 2024 while the Asia-Pacific region is expected to witness the fastest growth during the forecast period.
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What Is Covered In The Physical Security Information Management (PSIM) Global Market Report 2025 Global Market Report?
-Market Size Analysis: Analyze the Physical Security Information Management (PSIM) Global Market Report 2025 size by key regions, countries, product types, and applications.
-Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
-Industry Challenges: Analyze challenges and risks affecting the Physical Security Information Management (PSIM) Global Market Report 2025.
-Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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