Lewes, DE -- (SBWire) -- 07/11/2016 --Report forecast the global physical security information management market to grow at a CAGR of 14.82% during the period 2016-2020.
In the physical security market, the speed at which information is delivered is a critical element. Global PSIM deployments will increase rapidly as the solution enables faster transfer of critical information and easy access to information during emergencies.
During public events, security operators should have fast and reliable access to relevant security assets and related information. Failing to deliver important information could lead to disasters, leaving people and their surroundings in danger.
The report covers the present scenario and the growth prospects of the global physical security information management market 2016-2020. To calculate the market size, the report considers the revenue generated from the generated from the worldwide sales of PSIM software and services.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one driver leading to the growth of this market is the use of mobile technology in PSIM. Mobile technology in PSIMs is likely to become mainstream as users become more accustomed to using apps to accomplish their daily tasks. Mobile apps that leverage the capabilities of smartphones can notify responders of events and keep security operations up-to-date with pictures and streamed video.
Further, the report states that the high total cost of ownership of PSIM solutions will be a major factor inhibiting this market's growth prospects. PSIMs solutions require high initial investments for setting up the IT infrastructure in organizations and for hiring experts to optimize and deploy the solutions. The cost for setting up the initial IT infrastructure can reach several thousands of dollars, which is often not affordable for small and medium-sized enterprises. The cost of most installations exceeds $400,000, which is a modest sum for large corporations.
Global Physical Security Information Management Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global physical security information management market: CNL Software, Qognify, Tyco International, and VidSys.
Other Prominent Vendors in the market are: AxxonSoft, Genetec, Intergraph, Kentima, Mer, Milestone Systems, Verint Systems, and videoNEXT Network Solutions.
Market driver
- Increasing smart city projects leading to more PSIM deployments
- For a full, detailed list, view our report
Market challenge
- Lack of professional expertise
- For a full, detailed list, view our report
Market trend
- Internet of Things in PSIM
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 20 Exhibit "Global Physical Security Information Management Market 2016 – 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market description, Important factors while selecting PSIM, Latest developments in PSIM, Product life cycle analysis, Impact of drivers, Case study, Market segmentation by type, Market segmentation by end-user, Market attractiveness by end-user, Geographical segmentation, Impact of drivers and challenges, Market trends, Trends and their impact, Five forces analysis, Vendor landscape, Buying criteria, Assumptions, Appendix.
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