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Global Physical Security Information Management (PSIM) Market 2017-2021

Global Physical Security Information Management (PSIM) Market 2017-2021

About Physical Security Information Management (PSIM)

PSIM is a software that is responsible for ensuring the safety and security of data, hardware, network, and programs owned by an organization, which can be tampered by an external agency. Such damage leads to the loss of brand value and hampers the image of the organization. The damage caused by the external agency can be carried out by means of burglary, data theft, or terrorism. Several hardware devices and software that are being adopted by government organizations and enterprises to ensure the physical security of business-critical data. The increasing instances of criminal activities in the recent years are a key reason for the high adoption of PSIM solutions.

Technavio’s analysts forecast the global physical security information management (PSIM) market to grow at a CAGR of 15.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global physical security information management (PSIM) market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of stand-alone PSIM software as well as integrated PSIM software, solutions, and services (integration, consultation, software upgrade, and software patch).

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Physical Security Information Management (PSIM) Market 2017-2021, 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 vendors
  • CNL SoftwarE
  • Qognify
  • Johnson Controls
  • Vidsys
Other prominent vendors
  • AxxonSoft
  • Bosch Security Systems
  • Genetec
  • Kentima
  • C.MER INDUSTRIES
  • Milestone systems
  • Pelco (Schneider Electric)
  • S2 Security
  • videoNEXT Network Solutions
  • Verint Systems
Market driver
  • Growing need for public safety
  • For a full, detailed list, view our report
Market challenge
  • High TCO of PSIM solutions
  • For a full, detailed list, view our report
Market trend
  • Introduction of customized solutions and integrated packages
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Physical Security Information Management (PSIM) Market 2017-2021

Technavio recognizes the following companies as the key players in the global physical security information management (PSIM) market: CNL Software, Qognify, Johnson Controls, and Vidsys

Other Prominent Vendors in the market are: AxxonSoft, Bosch Security Systems, Genetec, Kentima, C.MER INDUSTRIES, Milestone systems, Pelco (Schneider Electric), S2 Security, videoNEXT Network Solutions, and Verint Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Introduction of customized solutions and integrated packages. Several vendors in the global PSIM market are focusing on offering customized PSIM solutions to fulfill the specific needs of customers ranging from small businesses to enterprises. In addition, some vendors in the market provide open architecture systems that are designed to adapt to the current network environment. Integrated PSIM solutions manage all systems from a single, integrated interface. Such vendors include Tyco Integrated Security and CNL Software.”

According to the report, one of the major drivers for this market is Growing need for public safety. The growing need for public safety is one of the major drivers in the global PSIM solutions market. The increasing crimes and subsequent terrorist attacks have raised the awareness of local and federal government for facilities such as airports, seaports, railway stations, and bus stations. For instance, in August 2015, a heavily armed man attacked a train in France going from Amsterdam to Paris. In November 2015, gunmen and suicide bombers attacked a concert hall, a major stadium, as well as restaurants and bars in Paris leading to a major catastrophe. The protection of life and capital goods is of utmost importance.

Further, the report states that one of the major factors hindering the growth of this market is High TCO of PSIM solutions. PSIM 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 of setting up the initial IT infrastructure can reach several thousands of dollars, which is often not affordable for SMEs. The cost of most installations exceeds $400,000, which is a modest sum for large corporations. Therefore, PSIM solutions are mostly used by major public buildings and large multinational firms.

Companies Mentioned

CNL Software, Qognify, Johnson Controls, and Vidsys, AxxonSoft, Bosch Security Systems, Genetec, Kentima, C.MER INDUSTRIES, Milestone systems, Pelco (Schneider Electric), S2 Security, videoNEXT Network Solutions, and Verint Systems.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
    • Factors considered while selecting PSIM
  • Market landscape
    • Market overview
      • Table Global PSIM market: Overview
    • Market size and forecast
      • Table Global PSIM market 2016-2021 ($ billions)
      • Table Country-wise smart cities development plan
    • Market assumptions
      • Table Market assumptions
  • Market developments
    • Internet of Things (IoT) in PSIM
    • Expansion of integration of PSIM
    • Federated PSIM solutions
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global PSIM market by product type
      • Table Global PSIM market by product 2016-2021 (% share of revenue)
    • Global PSIM services market
      • Table Global PSIM services market 2016-2021 ($ billions)
    • Global PSIM software market
      • Table Global PSIM software market 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Global PSIM market by end-user 2016-2021
      • Table Global PSIM market by end-user 2016-2021 (% share of revenue)
    • Critical infrastructure
      • Table Global PSIM market by critical infrastructure 2016-2021 ($ billions)
    • Corporate enterprises
      • Table Global PSIM market by corporate enterprises 2016-2021 ($ billions)
    • Global PSIM market in public safety
      • Table Global PSIM market by public safety 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global PSIM market by geography 2016-2021 (% share of revenue)
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast 2016-2021 ($ billions)
      • Table Americas – Year-over-year growth 2017-2021
      • Table Top 3 countries in Americas
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast 2016-2021 ($ billions)
      • Table EMEA – Year-over-year growth 2017-2021
      • Table Top 3 countries in EMEA
    • APAC – market size & forecast
      • Table APAC – market size & forecast 2016-2021 ($ billions)
      • Table APAC – Year-over-year growth 2017-2021
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Introduction of customized solutions and integrated packages
    • Integration of social media into PSIM
    • Mobile technology in PSIM
  • Vendor landscape
    • Competitive scenario
      • Table Key vendor offerings
    • Other prominent vendors
      • Table Other prominent vendors
  • Major vendor profiles
    • CNL Software
    • Qognify
    • Johnson Controls
    • Vidsys
  • Mergers and acquisitions
    • M&A in the market
      • Table M&A in the global PSIM market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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