Physical Security Information Management Market Size, Share, and Analysis, By Offering (Software and Services), By Deployment Mode (On-Premise and Cloud), By Vertical (BFSI, IT & ITES, Retail, Energy & Utilities, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
Physical Security Information Management Market Size, Share, and Analysis, By Offering (Software and Services), By Deployment Mode (On-Premise and Cloud), By Vertical (BFSI, IT & ITES, Retail, Energy & Utilities, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Physical Security Information Management (PSIM) Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.7 billion and is projected to reach USD 7.6 billion by the completion of 2034.
Physical security information management (PSIM) is an advanced software solution that is designed to integrate and oversee security systems in real-time. It amalgamates data from diverse security devices like video surveillance, access control, alarms, and sensors into a centralized interface, and improves situational awareness. In addition, it provides operators with a unified view of security information and efficiently respond to incidents. Furthermore, PSIM simplifies security operations, minimizes threat response times, and improves the allocation of resources. It increases security efficacy and helps in meeting regulatory criteria by integrating diverse security systems. Therefore, physical security information management is an effective tool for securing essential assets across various scenarios, such as commercial buildings, transit hubs, and public institutions.
MARKET HIGHLIGHTS
Physical Security Information Management Market is projected to reach USD 7.6 billion over the forecast period, due to growing security concerns and the need for centralized security management solutions across various sectors like government, transportation, healthcare, and commercial facilities. The growth in the market is attributed to constant technological improvements in areas such as video analytics and AI, which significantly improve threat detection. In addition, the market is expected to witness high demand for PSIM solutions that can integrate diverse security systems into a centralized platform. Cloud-based PSIM solutions are gaining popularity due to their scalability and cost-effectiveness among smaller enterprises. Therefore, the physical security information management market is defined by innovation, with the goal of meeting security concerns.
Physical Security Information Management Market Segments:
Growth Drivers
Rising Security Concerns Will Promote the Growth of Physical Security Information Management
Rapid Development of Technology Will Promote the Adoption of PSIM Solutions
Restraint
Integration Challenges May Prevent Growth in the Market
Key Players
PRODUCT OVERVIEW
Physical Security Information Management (PSIM) Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 14.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.7 billion and is projected to reach USD 7.6 billion by the completion of 2034.
Physical security information management (PSIM) is an advanced software solution that is designed to integrate and oversee security systems in real-time. It amalgamates data from diverse security devices like video surveillance, access control, alarms, and sensors into a centralized interface, and improves situational awareness. In addition, it provides operators with a unified view of security information and efficiently respond to incidents. Furthermore, PSIM simplifies security operations, minimizes threat response times, and improves the allocation of resources. It increases security efficacy and helps in meeting regulatory criteria by integrating diverse security systems. Therefore, physical security information management is an effective tool for securing essential assets across various scenarios, such as commercial buildings, transit hubs, and public institutions.
MARKET HIGHLIGHTS
Physical Security Information Management Market is projected to reach USD 7.6 billion over the forecast period, due to growing security concerns and the need for centralized security management solutions across various sectors like government, transportation, healthcare, and commercial facilities. The growth in the market is attributed to constant technological improvements in areas such as video analytics and AI, which significantly improve threat detection. In addition, the market is expected to witness high demand for PSIM solutions that can integrate diverse security systems into a centralized platform. Cloud-based PSIM solutions are gaining popularity due to their scalability and cost-effectiveness among smaller enterprises. Therefore, the physical security information management market is defined by innovation, with the goal of meeting security concerns.
Physical Security Information Management Market Segments:
- By Offering
- Software
- Services
- By Deployment Mode
- On-Premise
- Cloud
- By Vertical
- BFSI
- IT & ITES
- Retail
- Energy & Utilities
- Others
Growth Drivers
Rising Security Concerns Will Promote the Growth of Physical Security Information Management
Rapid Development of Technology Will Promote the Adoption of PSIM Solutions
Restraint
Integration Challenges May Prevent Growth in the Market
Key Players
- Genetec Inc.
- Johnson Controls International plc
- Tyco International plc
- Hexagon AB
- Vidsys, Inc.
- Verint Systems Inc.
- CNL Software Ltd.
- Qognify
- NICE Ltd.
- Milestone Systems A/S
- AxxonSoft
- Advancis Software & Services GmbH
- Intergraph Corporation
- VideoIQ, Inc.
- SureView Systems
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Physical Security Information Management (PSIM) Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Physical Security Information Management (PSIM) Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porter's Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Offering
11.3.1.1. Software
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Deployment Mode
11.3.2.1.On-Premises
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Cloud
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Vertical
11.3.3.1.BFSI
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. IT & ITES
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Retail
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Energy & Utilities
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Others
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Offering
12.3.2. By Deployment Mode
12.3.3. By Vertical
12.4. Country
12.4.1.United States
12.4.2. Canada
13.EUROPE PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Offering
13.3.2. By Deployment Mode
13.3.3. By Vertical
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Offering
14.3.2. By Deployment Mode
14.3.3. By Vertical
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Offering
15.3.2. By Deployment Mode
15.3.3. By Vertical
15.4.Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Offering
16.3.2. By Deployment Mode
16.3.3. By Vertical
16.4.Country
16.4.1.Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Genetec Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Johnson Controls International plc
18.3.Verint Systems Inc.
18.4.Hexagon AB
18.5.CNL Software Ltd.
18.6.Vidsys, Inc.
18.7.Qognify
18.8.NICE Ltd.
18.9.Tyco International plc
18.10.Milestone Systems A/S
18.11. AxxonSoft
18.12.Advancis Software & Services GmbH
18.13.Intergraph Corporation
18.14.VideoIQ, Inc.
18.15.SureView Systems
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Physical Security Information Management (PSIM) Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Physical Security Information Management (PSIM) Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porter's Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1. By Offering
11.3.1.1. Software
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Services
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Deployment Mode
11.3.2.1.On-Premises
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Cloud
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Vertical
11.3.3.1.BFSI
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. IT & ITES
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Retail
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Energy & Utilities
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. Others
11.3.3.5.1.By Value (USD Million) 2024-2034F
11.3.3.5.2. Market Share (%) 2024-2034F
11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Offering
12.3.2. By Deployment Mode
12.3.3. By Vertical
12.4. Country
12.4.1.United States
12.4.2. Canada
13.EUROPE PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Offering
13.3.2. By Deployment Mode
13.3.3. By Vertical
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Offering
14.3.2. By Deployment Mode
14.3.3. By Vertical
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Offering
15.3.2. By Deployment Mode
15.3.3. By Vertical
15.4.Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA PHYSICAL SECURITY INFORMATION MANAGEMENT (PSIM) MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Offering
16.3.2. By Deployment Mode
16.3.3. By Vertical
16.4.Country
16.4.1.Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Genetec Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Johnson Controls International plc
18.3.Verint Systems Inc.
18.4.Hexagon AB
18.5.CNL Software Ltd.
18.6.Vidsys, Inc.
18.7.Qognify
18.8.NICE Ltd.
18.9.Tyco International plc
18.10.Milestone Systems A/S
18.11. AxxonSoft
18.12.Advancis Software & Services GmbH
18.13.Intergraph Corporation
18.14.VideoIQ, Inc.
18.15.SureView Systems
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
