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Physical Security Information Management (PSIM) Market by End-user, Solution, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR43393
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The physical security information management (PSIM) market share is expected to increase by USD 3.21 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 22.15%.

This physical security information management (PSIM) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers physical security information management (PSIM) market segmentations by end user (PEU, transportation, commercial, government and defense, and others) and geography (North America, Europe, APAC, MEA, and South America). The physical security information management (PSIM) market report also offers information on several market vendors, including AxxonSoft Inc., Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH, Siemens AG, Verint Systems Inc., and Vidsys Inc. among others.

What will the Physical Security Information Management (PSIM) Market Size be During the Forecast Period?

Physical Security Information Management (PSIM) Market Size

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Physical Security Information Management (PSIM) Market: Key Drivers, Trends, and Challenges

The need to mitigate criminal activities and terrorist attacks are notably driving the physical security information management (PSIM) market growth, although factors such as infrastructural requirements may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the physical security information management (PSIM) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Physical Security Information Management (PSIM) Market Driver

The need to mitigate criminal activities and terrorist attacks is a major driver fueling the physical security information management market growth. The threat of sophisticated criminal and terrorist activities is increasing across the world. The increasing number of terrorist attacks, especially in countries such as the US and the UK, has necessitated the deployment of PSIM solutions. PSIM solutions are also deployed to curb criminal activities such as intrusion, murder, robbery, and theft. The governments of several countries have imposed stringent regulations that require the installation of PSIM solutions in public locations such as hypermarkets, hospitals, airports, seaports, railway stations, hotels, and malls to reduce criminal and terrorist activities. Therefore, the deployment of PSIM solutions will provide citizens with a safe and crime-free environment and improve their quality of life. PSIM solutions can be used to track and apprehend criminals and provide conclusive evidence in court. Several vendors are developing solutions to identify crimes before they happen. Therefore, the need to mitigate criminal activities and terrorist attacks will drive the growth of the global PSIM market.

Key Physical Security Information Management (PSIM) Market Trend

Integration of IoT with physical security is a major trend influencing the physical security information management market growth. IoT is a technology that enables physical objects to be accessible via the Internet. IoT connects a wide range of objects, ranging from sensor-powered microcontrollers to devices powered by processors. These objects are interconnected in a way that makes them suitable for collecting and analyzing data in real time. Thus, IoT connects objects or things that can be accessed anytime and from anywhere.IoT is used in wireless video surveillance for capturing videos and transmitting them to devices over the wireless network. This aids in getting immediate responses to real-time decision-making. The growing demand for improving the efficiency of facilities such as waste management plants, energy plants, and water management plants will contribute to the increasing installation of IoT-based physical security devices. Hence, IoT is expected to impact the way in which these enterprises implement PSIM solutions. IoT will make video surveillance and commercial systems more interactive, which will help in better communication with all PSIM solutions.

Key Physical Security Information Management (PSIM) Market Challenge

The infrastructural requirements will be a major challenge for the physical security information management (PSIM) market growth during the forecast period. Advanced infrastructures, such as bandwidth, video cameras, biometric data capturing devices, and storage, are required to deploy PSIM solutions. Video surveillance generates a large volume of video data, which must be stored and archived and the advent of 4K recording has created stress on storage systems. With high quality and reliability, storage solutions must also be scalable according to the demand for PSIM and the volume of surveillance data. The effective implementation of PSIM solutions necessitates adequate bandwidth, especially because of the introduction of specialized cameras that generate 4K and ultra-high-definition video content, which must be transferred and archived. Therefore, the transmission of high volumes of data requires high bandwidth. Poor network connectivity in developing and underdeveloped countries reduces the availability of high bandwidth, which affects data transmission. Connectivity issues in information and communications technology infrastructure can reduce the operational performance of PSIM solutions.

This physical security information management (PSIM) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global physical security information management (PSIM) market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the physical security information management (PSIM) market during the forecast period.

Who are the Major Physical Security Information Management (PSIM) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AxxonSoft Inc.
  • Everbridge Inc.
  • Genetec Inc.
  • Hexagon AB
  • Johnson Controls International Plc
  • NICE Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • Verint Systems Inc.
  • Vidsys Inc.

 

This statistical study of the physical security information management (PSIM) market encompasses successful business strategies deployed by the key vendors. The physical security information management (PSIM) market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The physical security information management (PSIM) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Physical Security Information Management (PSIM) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the physical security information management (PSIM) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global application software market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Physical Security Information Management (PSIM) Market?

Physical Security Information Management (PSIM) Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for physical security information management (PSIM) in North America. Market growth in this region will be faster than the growth of the market in the European and South American regions.

The availability of adequate IT and business infrastructure, stringent regulations on IT security compliance and governance, and the high adoption of cloud-based IT security solutions and services will facilitate the physical security information management (PSIM) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End User Segments in the Physical Security Information Management (PSIM) Market?

Physical Security Information Management (PSIM) Market Segmentation

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The physical security information management (PSIM) market share growth by the PEU segment will be significant during the forecast period. The increased digitization and stringent regulatory standards such as the Health, Safety, and Environment (HSE) standards are driving the adoption of PSIM in the power, energy, and utility (PEU) sectors to meet the regulatory requirements. In all these sectors, one of the primary end goals has always been the reduction of the costs and risks involved while maintaining superior quality and timeliness of the end product. The development of new energy production infrastructure is expected to drive the growth of this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the physical security information management (PSIM) market size and actionable market insights on post COVID-19 impact on each segment.

 

Physical Security Information Management (PSIM) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22.15%

Market growth 2021-2025

$ 3.21 billion

Market structure

Fragmented

YoY growth (%)

21.98

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AxxonSoft Inc., Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH, Siemens AG, Verint Systems Inc., and Vidsys Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Physical Security Information Management (PSIM) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive physical security information management (PSIM) market growth during the next five years
  • Precise estimation of the physical security information management (PSIM) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the physical security information management (PSIM) industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of physical security information management (PSIM) market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 PEU - Market size and forecast 2020-2025
      • Exhibit 17: PEU - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: PEU - Year-over-year growth 2020-2025 (%)
    • 5.4 Transportation - Market size and forecast 2020-2025
      • Exhibit 19: Transportation - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Transportation - Year-over-year growth 2020-2025 (%)
    • 5.5 Commercial - Market size and forecast 2020-2025
      • Exhibit 21: Commercial - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Commercial - Year-over-year growth 2020-2025 (%)
    • 5.6 Government and defense - Market size and forecast 2020-2025
      • Exhibit 23: Government and defense - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Government and defense - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 27: Market opportunity by End-user

    6 Market Segmentation by Solution

    • 6.1 Market segments
      • Exhibit 28: Solution - Market share 2020-2025 (%)
    • 6.2 Comparison by Solution
      • Exhibit 29: Comparison by Solution
    • 6.3 Software - Market size and forecast 2020-2025
      • Exhibit 30: Software - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Software - Year-over-year growth 2020-2025 (%)
    • 6.4 Services - Market size and forecast 2020-2025
      • Exhibit 32: Services - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Services - Year-over-year growth 2020-2025 (%)
    • 6.5 Market opportunity by Solution
      • Exhibit 34: Market opportunity by Solution

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 36: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 37: Geographic comparison
    • 8.3 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.7 South America - Market size and forecast 2020-2025
      • Exhibit 46: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 47: South America - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • 8.9 Market opportunity by geography
        • Exhibit 49: Market opportunity by geography ($ million)

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • Exhibit 50: Impact of drivers and challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • Exhibit 51: Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 52: Landscape disruption
            • Exhibit 53: Industry risks

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 54: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 55: Market positioning of vendors
          • 11.3 AxxonSoft Inc.
            • Exhibit 56: AxxonSoft Inc. - Overview
            • Exhibit 57: AxxonSoft Inc. - Product and service
            • Exhibit 58: AxxonSoft Inc. - Key offerings
          • 11.4 Everbridge Inc.
            • Exhibit 59: Everbridge Inc. - Overview
            • Exhibit 60: Everbridge Inc. - Business segments
            • Exhibit 61: Everbridge Inc. - Key offerings
          • 11.5 Genetec Inc.
            • Exhibit 62: Genetec Inc. - Overview
            • Exhibit 63: Genetec Inc. - Product and service
            • Exhibit 64: Genetec Inc. - Key offerings
          • 11.6 Hexagon AB
            • Exhibit 65: Hexagon AB - Overview
            • Exhibit 66: Hexagon AB - Business segments
            • Exhibit 67: Hexagon AB - Key offerings
            • Exhibit 68: Hexagon AB - Segment focus
          • 11.7 Johnson Controls International Plc
            • Exhibit 69: Johnson Controls International Plc - Overview
            • Exhibit 70: Johnson Controls International Plc - Business segments
            • Exhibit 71: Johnson Controls International Plc - Key offerings
            • Exhibit 72: Johnson Controls International Plc - Segment focus
          • 11.8 NICE Ltd.
            • Exhibit 73: NICE Ltd. - Overview
            • Exhibit 74: NICE Ltd. - Business segments
            • Exhibit 75: NICE Ltd.-Key news
            • Exhibit 76: NICE Ltd. - Key offerings
            • Exhibit 77: NICE Ltd. - Segment focus
          • 11.9 Robert Bosch GmbH
            • Exhibit 78: Robert Bosch GmbH - Overview
            • Exhibit 79: Robert Bosch GmbH - Business segments
            • Exhibit 80: Robert Bosch GmbH -Key news
            • Exhibit 81: Robert Bosch GmbH - Key offerings
            • Exhibit 82: Robert Bosch GmbH - Segment focus
          • 11.10 Siemens AG
            • Exhibit 83: Siemens AG - Overview
            • Exhibit 84: Siemens AG - Business segments
            • Exhibit 85: Siemens AG - Key offerings
            • Exhibit 86: Siemens AG - Segment focus
          • 11.11 Verint Systems Inc.
            • Exhibit 87: Verint Systems Inc. - Overview
            • Exhibit 88: Verint Systems Inc. - Business segments
            • Exhibit 89: Verint Systems Inc. -Key news
            • Exhibit 90: Verint Systems Inc. - Key offerings
            • Exhibit 91: Verint Systems Inc. - Segment focus
          • 11.12 Vidsys Inc.
            • Exhibit 92: Vidsys Inc. - Overview
            • Exhibit 93: Vidsys Inc. - Product and service
            • Exhibit 94: Vidsys Inc. - Key offerings

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 95: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 96: Research Methodology
              • Exhibit 97: Validation techniques employed for market sizing
              • Exhibit 98: Information sources
            • 12.4 List of abbreviations
              • Exhibit 99: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Physical Security Information Management (PSIM) Market market growth will increase by $3.21 bn during 2021-2025.
            The physical security information management (psim) market market is expected to grow at a CAGR of 22.15% during 2021-2025.
            Technavio has segmented the physical security information management (psim) market market by end user (PEU, transportation, commercial, government and defense, and others) ,geography (North America, Europe, APAC, MEA, and South America) , and geographic (North America, Europe, APAC, MEA, and South America).
            AxxonSoft Inc., Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH, Siemens AG, Verint Systems Inc., Vidsys Inc. are a few of the key vendors in the physical security information management (psim) market market.
            North America will register the highest growth rate of 32% among the other regions. Therefore, the physical security information management (psim) market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the physical security information management (psim) market market growth are:
            • emergence of smart cities
            • Integration of IoT with physical security
            The physical security information management (psim) market market vendors should focus on grabbing business opportunities from the peu segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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