About Physical Security Information Management Psim Software
Physical Security Information Management (PSIM) software is a platform designed to integrate and manage security systems across an organization. It brings together data from various security devices such as surveillance cameras, access control systems, intrusion detection systems, and more into a centralized interface. PSIM software allows security personnel to monitor, analyze, and control multiple security systems simultaneously. It provides functionalities such as integration, real-time monitoring, event correlation, and reporting and analysis. The growing threat of cyberattacks has led to an increased focus on cybersecurity. PSIM software can help organizations protect their physical security systems from cyberattacks by providing real-time monitoring and alerting capabilities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Manufacturers focus on continuous innovation to offer unique features or functionalities that set PSIM software apart. This includes advanced analytics, AI-driven threat detection, intuitive user interfaces, or specialized industry-specific solutions. In addition, form strategic partnerships with security device manufacturers, integrators, and industry-specific experts. Collaborations can help in offering comprehensive solutions tailored to specific industry needs. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Mer Inc., AxxonSoft, NEC Corporation, Genetec Inc., CNL Software Ltd., Milestone Systems A/S, VidSys Inc., S2 Security Corporation, Tyco International Ltd. (Proximex Corporation), videoNEXT Federal Inc., NICE Systems Ltd. and Intergraph Corporation are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Physical Security Information Management Psim Software market by Type (Services and Software), Application (IT Security, Automatic Identification System, Cloud Computing, Data Centres and Others) and Region.
On the basis of geography, the market of Physical Security Information Management Psim Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Physical Security Information Management Psim Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend Towards Convergence of Physical and IT Security, as Organizations Seek to Create a More Holistic and Integrated Approach to Security Management
Market Growth Drivers:
Increasing Demand for Integrated Security Solutions and Rising Adoption of Cloud-Based Solutions Are Expected to Drive Growth of the Global Physical Security Information Management Market
Challenges:
PSIM platforms are sophisticated and require specialized training for operators and security personnel
Restraints:
High Cost Related to The Deployment of PSIM Solutions Is Expected to Hamper the Market
Opportunities:
Growing Concerns About Security Threats, Both Physical and Cyber, Create a Significant Market Opportunity
Market Leaders and their expansionary development strategies
In September 2019, CNL Software, a U.K.-based PSIM solutions provider, partnered with Cepton Technologies to boost the automation of threat detection, tracking, and escalation in real-time using the latest PSIM.
In September 2022, AxxonSoft released Axxon PSIM version 1.0. The software platform integrates video surveillance, AI video analytics, access control and fire/security alarm systems, PIDS, and industry-oriented solutions for retail, banking, transportation, and logistics. and In January 2020, VidSys, Inc. introduced the latest version of its security software platform named ‘VidSys Enterprise 2020 R1.0.’
Data privacy regulations, such as the GDPR (General Data Protection Regulation) in the European Union or the CCPA (California Consumer Privacy Act) in the United States, govern the handling of personal data. PSIM software that deals with sensitive information must comply with these regulations.
Key Target Audience
Manufacturers, New Entrants/Investors, Government Agencies, Research and Development Institutes, Market Research & Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.