The latest research study “Physical Security Information Management Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global physical security information management market reached a value of US$ 1,019.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2,419.3 Million by 2027 exhibiting a CAGR of 14.70% during 2022-2027.
The PSIM system, also known as physical security information management, integrates several security and informational devices that are not connected to one another. It includes sensors, closed-circuit television cameras (CCTV), geographic information systems (GIS) mapping, access control systems, and network building solutions. Professionals can recognise and proactively address emergencies in real-time thanks to the PSIM system’s collection and correlating of events from current security devices. Numerous businesses are implementing PSIM solutions to improve their current security systems as a result of these advantages.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Physical Security Information Management Market Trends and Drivers:
The market is primarily driven by the increasing incidences of cybercrimes across the globe. In addition, the increasing adoption of PSIM systems across the oil and gas sector due to the high risk of burglaries, thefts, and explosions in oil refineries, represent another major growth-inducing factor.
Besides this, governments of numerous countries are deploying PSIM in city surveillance systems, municipalities, and traffic control solutions to keep track of suspicious events and improve the security of the public and working professionals. This, coupled with the rising adoption of electronic health record (EHR) software in the healthcare sector to protect the sensitive information of patients from unauthorized access, is contributing to the market growth.
Furthermore, as educational institutions collect and maintain confidential digital information about students, staff, courses, facilities, and fiscal activities, there has been a high risk of data and campus security infringement. As a result, these institutions are adopting PSIM software for advanced security.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Global Physical Security Information Management Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Key Players
Advancis Software & Services GmbH, AxxonSoft, easypsim AG, ela-soft GmbH (Gretsch-Unitas GmbH), Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International PLC, Milestone Systems A/S (Canon Inc.), OCTOPUS Systems, Prysm Software, Qognify Inc. and Verint Systems Inc.
The report has segmented the market on the basis of region, type, deployment mode and end use industry.
Breakup by Type:
Breakup by Deployment Mode:
Market Breakup by End Use Industry:
- Transportation and Logistics
- Government and Defense
- Energy and Utilities
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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