PSIM

PSIM

Global Physical Security Information Management (PSIM) Market to Reach $5.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Physical Security Information Management (PSIM) estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at aCAGR of 16.6% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 16.4% CAGR and reach US$3.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 16.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $546.8 Million, While China is Forecast to Grow at 15.7% CAGR

The Physical Security Information Management (PSIM) market in the U.S. is estimated at US$546.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$953 Million by the year 2027 trailing a CAGR of 15.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 14.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR.

Select Competitors (Total 46 Featured) -

• AxxonSoft
• CNL Software
• Genetec, Inc.
• Intergraph Corporation
• Milestone Systems A/S
• NICE Systems Ltd.
• Tyco Integrated Security
• Verint Systems, Inc.
• videoNEXT, Federal, Inc.
• VidSys, Inc.

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