Global Physical Security Information Management (PSIM) Market 2024-2028

Global Physical Security Information Management (PSIM) Market 2024-2028

The physical security information management (PSIM) market is forecasted to grow by USD 3,940.09 mn during 2023-2028, accelerating at a CAGR of 21.92% during the forecast period. The report on the physical security information management (PSIM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the emergence of smart cities, the need to mitigate criminal activities and terrorist attacks, and regulatory compliance.

Technavio's physical security information management (PSIM) market is segmented as below:

By End-user

• PE and U
• Transportation
• Commercial
• Government and defense
• Healthcare and others

By Solution

• Software
• Services

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the integration of IoT with physical security as one of the prime reasons driving the physical security information management (PSIM) market growth during the next few years. Also, increased use of PSIM in commercial buildings and predictive crime monitoring will lead to sizable demand in the market.

The report on the physical security information management (PSIM) market covers the following areas:

• Physical security information management (PSIM) market sizing
• Physical security information management (PSIM) market forecast
• Physical security information management (PSIM) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading physical security information management (PSIM) market vendors that include AARMTech Engineering Pvt. Ltd., Advancis Software and Services GmbH, ARES Security Corp., AxxonSoft, Canon Inc., Carrier Global Corp., easypsim AG, Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, Kentima AB, LG Electronics Inc., Nanodems Corp., NICE Ltd., Robert Bosch GmbH, and Siemens AG. Also, the physical security information management (PSIM) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.