According to the latest market research report released by Technavio, the global physical security information management (PSIM) market is expected to accelerate at a CAGR of almost 15% during the forecast period. The rise in smart city projects is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global physical security information management market is expected to accelerate at a CAGR of almost 15% until 2021 (Graphic: Business Wire)
This research report titled 'Global Physical Security Information Management Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global physical security information management market into the following products:
In 2016, the services segment accounted for 66% of the global market and is projected to reach 69% by 2021, exhibiting almost a 3% increase in market share.
Global physical security information management market: Top emerging trend
The introduction of customized solutions and integrated packages is an emerging trend in the IT security space. Several vendors in the global PSIM market are focusing on offering customized PSIM solutions to fulfill the specific needs of customers ranging from small businesses to enterprises. In addition, some vendors in the market provide open architecture systems that are designed to adapt to the current network environment. Integrated PSIM solutions manage all systems from a single, integrated interface. Therefore, customized and integrated PSIM solutions will help boost the growth of the market during the forecast period.
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Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio's report provides expert market research on the following topics:
- Market Outline
- Global Physical Security Information Management Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by product (services and software)
- Market segmentation by end-user (critical infrastructure, corporate enterprises, and public safety)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (CNL SoftwarE, Qognify, Johnson Controls, and Vidsys)
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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