Physical Security Information Management Market by End-user, Solution, and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43393
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The physical security information management market size has the potential to grow by USD 2.59 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by end-user (PEU, transportation, commercial, government and defense, public surveillance, and others), solution (software and services), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including CNL Software Ltd., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NEC Corp., NICE Ltd., Qognify Ltd., Robert Bosch GmbH, Verint Systems Inc., and Vidsys Inc.

What will be the Physical Security Information Management Market Size in 2020?

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Who are the Major Physical Security Information Management Vendors?

The physical security information management market is fragmented. CNL Software Ltd., Genetec Inc., and Hexagon AB are some of the major market participants. Factors such as regulatory compliance, the emergence of smart cities, and need to mitigate criminal activities and terrorist attacks will offer immense growth opportunities. However, networking and connectivity issues associated with cloud-based PSIM, system integration and interoperability issues, and infrastructural requirements may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this physical security information management market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this physical security information management market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • CNL Software Ltd.
  • Genetec Inc.
  • Hexagon AB
  • Johnson Controls International Plc
  • NEC Corp.
  • NICE Ltd.
  • Qognify Ltd.
  • Robert Bosch GmbH
  • Verint Systems Inc.
  • Vidsys Inc.

Which are the Key Markets for Physical Security Information Management?

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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The integration of IoT with physical security, increased use of PSIM in commercial buildings, and the popularity of saas-based PSIM solutions will significantly influence physical security information management market growth in this region.

30% of the market’s growth will originate from North America during the forecast period. The US is a key market for physical security information management in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the physical security information management market size.

What are the Key Factors Covered in this Physical Security Information Management Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive physical security information management market growth during the next five years
  • Precise estimation of the physical security information management 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 industry across APAC, Europe, MEA, North America, 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 market vendors

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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
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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
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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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The physical security information management (psim) market growth will increase by $2599.25 million during 2019-2024.
The physical security information management (psim) market is expected to grow at a CAGR of 21.22% during 2019-2024.
Technavio has segmented the physical security information management (psim) market by end user (PEU, Transportation, Commercial, Government and defense, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
CNL Software Ltd., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NEC Corp., NICE Ltd., Qognify Ltd., Robert Bosch GmbH, Verint Systems Inc., Vidsys Inc. are a few of the key vendors in the physical security information management (psim) market.
North America will register the highest growth rate of 29.86% among the other regions. Therefore, the physical security information management (psim) 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 growth are:
  • Regulatory compliance
  • Integration of IoT with physical security
The physical security information management (psim) market vendors should focus on grabbing business opportunities from the peu segment as it accounted for the largest market share in the base year.
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