Industry Background:
Physical security software allows in-house security departments as well as third-party security companies to manage their workforces in a better way by offering officer monitoring, real-time updates on incidents, as well as direct lines of communication to officers in the field. Physical security systems allow security guards to report incidents & feature both real-time GPS tracking & incident reporting. Around the globe, many companies use physical security software for monitoring personnel, file reports, track performance, as well as receive real-time alerts on events happening in the field. These physical security solutions may also deliver detailed reporting and analytics functions, based on how comprehensive they are. This software is similar to field service management software, but comprises features designed specifically for security guard management. The increasing demand for these software among companies is likely to boost the growth of the global physical security software over the years.
This growth is primarily driven by Increasing Incidents Of Terror Attacks, Growing Requirement To Protect Business Assets, Employees, And Customers and Growing Usage Of IoT.
The Systems Software sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Resolver Inc.(Canada), Keytech Security Solutions (Jorden), Jolly Technologies Inc. (United States), iView Systems (United States), Mobotour (United States), Milestone Technologies, Inc. (United States), Silvertrac Software (United States), Groupe SIP(Canada), Terracom Informatics Ltd. (Greece) and Video Insight, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Oct 18, 2017, Resolver Acquired RiskVision, a recognized leader in integrated risk Management Software for Security Operations. This acquisition will expand the Resolver base of customers in key markets, and increasing their market position in the IT Risk and Compliance markets.
Recently, Jolly announced a major update to its rapidly growing online registration platform, Eventleaf. The new update adds direct integration with two of the leading customer relationship management (CRM) systems, Salesforce and Marketo.
Market Drivers
- Increasing Incidents Of Terror Attacks
- Growing Requirement To Protect Business Assets, Employees, And Customers
- Growing Usage Of IoT
Market Trend
Restraints
- An Absence Of Cooperation Among Security Solutions
Opportunities
Strict Regulations & Security Compliances Relating To Physical Security and Technological Improvements In Video Surveillance
Challenges
Incorporation Of Logical & Physical Components Of Security
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Physical Security Software Study Sheds Light on
The Physical Security Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Physical Security Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Physical Security Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.