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Physical Security Information Management (PSIM) Market Size Expected to Grow by USD 3.21 Billion | AxxonSoft Inc. and Everbridge Inc. among top vendors

NEW YORK, April 18, 2022 /PRNewswire/ — Physical Security Information Management (PSIM) Market Share Expected to Increase by $3.21 billion from 2020 to 2025. The growth momentum of the market will progress at a CAGR of 22.15% during the forecast period.

The latest market research report titled Physical Security Information Management (PSIM) Market by End User, Solution, and Geography – Forecast and Analysis 2021-2025 has been announced by Technavio who is proud to partner with of Fortune 500 companies for over 16 years

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Company Profiles

The Physical Security Information Management (PSIM) Market report provides comprehensive insights on major 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. Key offerings from some of these vendors are listed below:

  • AxxonSoft Inc. – The company offers physical security information management software named Intellect.

  • Everbridge Inc. – The company offers physical security information management through its control center, with benefits such as real-time situational awareness and others.

  • Genetec Inc. – The company offers physical security information management software named Genetec ClearID.

  • Hexagon AB – The company offers physical security information management software named Intergraph Security.

  • Johnson Controls International Plc – The company offers physical security information management such as access control and others.

Market dynamics

The emergence of smart cities is driving the growth of the physical security information management (PSIM) market. However, factors such as infrastructure requirements may challenge the growth of the market.

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Competitive analysis

The report includes Competitive Analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Market segmentation

  • By end-user, the market is categorized into PEU, transportation, commercial, government and defense, and others. the LITTLE segment represents the largest share of the market. The development of new energy production infrastructure should drive growth in this segment.

  • By solution, the market is categorized into software and services. the software part will represent the strongest market share growth. The software segment is expected to witness a rapid increase in growth rate over the forecast period owing to the shift in demand from legacy authentication solutions to digitized physical security solutions owing to the popularity of software as a service (SaaS). solutions.

  • By geography, the market is categorized into North America, EuropeAPAC, MEA and South America. North America will have the largest market share. Availability of adequate IT and business infrastructure, stringent IT security compliance and governance regulations, and high adoption of cloud-based IT security solutions and services will drive the growth of the information management market physical security (PSIM) in North America during the forecast period. The growth of the market in this region will be faster than the growth of the market in Europe and South America. The United States is the key market for Physical Security Information Management (PSIM) in North America.

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Scope of Physical Security Information Management (PSIM) Market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 22.15%

Market Growth 2021-2025

$3.21 billion

Market structure

Fragmented

Annual growth (%)

21.98

Regional analysis

North America, Europe, APAC, MEA and South America

Successful market contribution

North America at 32%

Main consumer countries

United States, China, United Kingdom, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five forces analysis

Market segmentation by end user

  • Market segments

  • Comparison by end user

  • LITTLE – Market size and forecast 2020-2025

  • Transport – Market size and forecast 2020-2025

  • Commercial – Market size and forecast 2020-2025

  • Government and Defense – Market size and forecast 2020-2025

  • Others – Market size and forecast 2020-2025

  • Market opportunity by end user

Market segmentation by solution

  • Market segments

  • Comparison by solution

  • Software – Market size and forecast 2020-2025

  • Services – Market size and forecast 2020-2025

  • Market Opportunity by Solution

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • North America – Market size and forecast 2020-2025

  • Europe – Market size and forecast 2020-2025

  • APAC – Market size and forecast 2020-2025

  • MEA – Market size and forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • Main leading countries

  • Market Opportunity by Geography

  • Market factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Insight

  • Landscape disturbance

Vendor analysis

Annex

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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