Skip to main content

Physical Security Information Management Market to Become worth US$3,832.6 Mn by 2024

Considering that top four companies in the global physical security information management (PSIM) market held 36% of the overall market in 2016, the said market is characteristic of a moderately consolidated vendor landscape. The top two players, namely NEC Corporation and Tyco International hold prominent position in the global market owing to their delivery and service expanse, especially to serve emerging economies such as India, China, and Brazil. Some other key vendors, namely CNL Software Ltd., Mer Inc., Vidsys Inc., Milestone Systems A/S, and Intergraph Corporation hold prominence due to their strong product portfolio.





Howbeit, domestic players hold prominence in local and regional markets making it difficult for large companies to serve these markets. In this scenario, large companies are adopting the inorganic growth route and thus vying to carry out mergers and acquisitions and strategic collaborations with small players to establish their foothold in regional pockets. The acquisition of Brazil-based Arcon Informatica S.A. by NEC Corporation in August 2016 is a case in point.  As per a market study by Transparency Market Research (TMR), the global PSIM market is predicted to expand at a solid 18.7% CAGR over the forecast period between 2016 and 2024. This will result for the market to become worth US$3,832.6 mn by the end of 2024 from a valuation of US$823.1 mn in 2015.





Request to View Sample of Report –









By end user, the government and defense sector is the leading segment, and is anticipated to rise at a CAGR of 20% over the forecast period. The growth of this segment is mainly because of initiatives for the development of smart cities and safe city programs that have high dependability on PSIM software and services. The segment of educational institutions, religious buildings, and stadiums collectively account for substantial share in the overall market. PSIM software and services are deployed to counter threats posed by cybercrime and physical attacks at crowded places. Geography-wise, North America leads the overall market holding a significant portion of the pie.





The global demand for physical security information management solutions is on the rise owing to a number of factors. Among these, initiatives undertaken for the development of smart cities, especially in developing economies, and rising demand for centrally controlled disparate security systems are prominent ones.





Apart from this, rise in number of security breaches in organizations that handle, process, and manage critical business and consumer data is exhibiting demand for the deployment of several layers of security system. Physical security information management solutions display the capability to serve organizational security management requirements. PSIM solutions serve to provide efficient central control over disparate security systems, along with satisfactory level of security, remote monitoring, and accessibility of data across multiple sites. This is leading to their increased global demand.





There are factors challenging the PSIM market. High cost of PSIM solutions, along with increasing penetration of rival software solutions such as access control systems and video management systems are likely to hold back the growth of PSIM market.





Nevertheless, with increasing ubiquity of Internet of Things (IoT), the integration of IoT with PSIM leading to enhanced capability of the latter will serve to boost the PSIM market.





Request to View Brochure of Report –








Comments

Popular posts from this blog

What Is Digital Marketing?

 What Is Digital Marketing? Digital marketing is that the use of the social media, Internet, search engines, mobile devices, and other channels to succeed in consumers. Some consider digital marketing to be entirely new which needs a replacement way of understanding that how customers behave and new ways of approaching the purchasers compared to the normal marketing. Digital Marketing Channels 1. Website Marketing 2. Pay-Per-Click (PPC) Advertising 3.Content Marketing 4.Email Marketing 5.Social Media Marketing 6.Affiliate Marketing 7.Video Marketing 8.SMS Messaging Digital Marketing As A course and Career The Digital Marketing course will transform you into a complete digital marketer with expertise in the top eight digital marketing domains — search engine optimization, social media, pay-per-click, conversion optimization, digital analytics, content, mobile, and email marketing. Fast-track your career in digital marketing today with practical training you can appl

QAQC stands for Quality Assurance and Quality Control in management for production of goods and services.

 QAQC stands for Quality Assurance and Quality Control in management for production of goods and services. Quality Assurance is provided by a part of management system which gives confidence to the customer that his product requirements & legal requirements will be fulfilled. Quality Control is provided by a part of management system which ensures that the product meets all of customer requirements and legal requirements. The students are trained in International Standard for Quality for establishing, implementing and maintaining Quality Management System to meet both Quality Control and Quality Assurance requirements. They are trained to act as QAQC Engineer at work. TWG INTERNATIONAL Providing Trainings for all course related to Quality. The training is imparted by Super Specialist trainer with 40+ years’ experience. The subject is taught from basic level so that students can understand the subject with ease and without apprehension/ fears. There is major trend in

Why Science Labs are Important for Students in School?

Science is a subject which allows students to explore and discover new theories. From a small atom to large universe everything is conceptualize with help of science education. But only theoretical knowledge is not sufficient. Practical knowledge is important to increase engagement and knowledge. Science lab is a place for student which functions to magnify deep understanding of theoretical concepts taught in classrooms. By this effective teaching method, students can gain numerous benefits. Ideal Education Point (New Choudhary public school) believes that ‘Child learn in class but understand in laboratories. Laboratories provide a great experience and high degree of knowledge in developing necessary skills for study and research. Science is a little difficult subject than any other therefore it is must for any school to have a science lab. Know the importance of science labs - • Understand difficult aspects One cannot just read the hefty science books and understand all the meaning