Physical Security Information Management (PSIM) is a category of software that provides a platform and applications created by middleware developers, designed to integrate multiple unconnected security applications and devices and control them through one comprehensive user interface. Beyond the time-saving and efficiency benefits of automation, PSIM enables modern business processes that are essential to any modern security department. For organizations, this includes regular reports, incident logs, continuous process improvement initiatives, training drills, system healthcare checks, and much more. The increased use of PSIM to identify network issues is one of the major drivers of the market. PSIM solutions eliminate manual monitoring of IT infrastructure, enabling quick identification of flaws in the security system. This heRFMs end-users save time and money. USA has been the largest consumption market in the last decades. Now, USA has enjoyed about 42.91% market share and followed by Europe and China respectively with market share of 29 % and 12.6%.
The use of PSIM to identify network problems is one of the key drivers of the market. The PSIM solution eliminates manual monitoring of the IT infrastructure, allowing you to quickly identify faults in your security systems. These heRFMs end users save time and money.
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The United States has been the largest consumer market for decades. The US now has a market share of 42.91%, followed by Europe and China with 29% and 12.6% respectively.
According to the study, the physical security information management (PSIM) market is expected to have a CAGR of 21.9% over the next five years, from $ 9.9 million in 2019 to $ 325 million by 2024. Specifically, this report shows the major global sales market share of major companies in the Physical Security Information Management (PSIM) business.
Physical Security Information Management (PSIM) Market Major Players Segment Analysis (Company and Product introduction, Physical Security Information Management (PSIM) Sales Volume, Revenue, Price and Gross Margin):
- Tyco international
- Axxon Soft
- PRYSM Software
- Quantum Secure
- Verint Systems
- ela-soft GmbH
- Advancis Software&Services GmbH
- Intergrated Security Manufacturing
Worldwide demand for physical security information management solutions is increasing. The need for smart city development and a centrally controlled heterogeneous security system, especially in developing countries, is a major challenge.
To calculate the market size, Research for Markets considers value generated from the sales of the following segments:
Physical Security Information Management (PSIM) Market Segmentation by product type: breakdown data 2019 and forecast to 2024
Physical Security Information Management (PSIM) Market Segmentation by application: breakdown data from 2019 and forecast to 2024
- Critical Infrastructure
- First Responders
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Physical Security Information Management (PSIM) Market: Major Table of Contents
1 Market Overview
2 Competitions by Players
3 Competitions by Types
4 Competitions by Applications
5 Production Market Analyses by Regions
6 Market Analysis by Region
7 Imports and Exports Market Analysis
8 Players Profiles and Sales Data
9 Upstream and Downstream Analysis
10 Market Forecast (2019-2024)
11 Research Findings and Conclusion
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