The Physical Security Information Management Global Market Report 2023, provides comprehensive information on the physical security information management market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Physical Security Information Management Market’s Growth:
The global physical security information management (PSIM) market size is expected to grow from $1.26 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global physical security information management (PSIM) market size is expected to reach $2.72 billion in 2027 at a CAGR of 16.4%.
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Advancements in the Internet of Things (IoT) are a key trend gaining popularity in the physical security information management (PSIM) market. Companies operating in the physical security information management (PSIM) market are adopting advancements in the Internet of Things (IoT) to sustain their position in the market. For instance, in March 2023, Advancis, a Germany-based innovative physical security information management (PSIM) company, launched WinGuard X5, a PSIM software, and Advanced Identity Manager, called the AIM product. Winguards X5 is a piece of software called an Open Integration Platform that connects several unrelated security systems and allows users to operate them from a single user interface. It’s also frequently referred to as a PSIM, or security and building management system. This version is entirely built on the Advanced Open Platform (AOP). Comprehensive security, construction, and communication technologies may all be integrated across domains using WinGuard. With WinGuard, access control systems for iOS and Android app devices are monitored and connected to IoT devices like mobiles at a low cost. AIM is a platform that unifies current IT and access control systems with centralized identity management. The Advanced Identification Manager is the best option for combining several access, identification, and biometrics systems into a single platform
The physical security information management market is segmented:
1) By Type: Access Control Systems, Electronic Article Surveillance, Fire Detection Systems, Intrusion Detection Systems, Computer Aided Dispatch Systems, Other Types
2) By Deployment Mode: Cloud Based, On-Premises
3) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Government And Defense, Transportation And Logistics, Retail, Other Industry Vertical
Europe was the largest region in the physical security information management market in 2022.
The table of contents in TBRC’s physical security information management market report includes:
1. Executive Summary
2. Physical Security Information Management (PSIM) Market Characteristics
3. Physical Security Information Management (PSIM) Market Trends And Strategies
4. Physical Security Information Management (PSIM) Market – Macro Economic Scenario
5. Physical Security Information Management (PSIM) Market Size And Growth
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26. Africa Physical Security Information Management (PSIM) Market
27. Physical Security Information Management (PSIM) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Physical Security Information Management (PSIM) Market
29. Physical Security Information Management (PSIM) Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- CNL Software Ltd
- Genetec Inc
- VidSys Inc
- Verint Systems Inc
- NICE Systems Ltd
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