New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Information Technology & Telecommunication market research firm, has published a competitive intelligence and market research report on the “Physical Security Information Management Market”, which is a clear representation of the Physical Security Information Management Market share, size, insights and trends. The total market opportunity for Physical Security Information Management was USD 1.03 Bn in 2021 and is expected to grow at 16.1 percent CAGR through the forecast period to reach USD 3.41 Bn by 2029.
Physical Security Information Management Market Report Scope and Research Methodology
| Market Size in 2021 | USD 1.03 Bn. |
| Market Size in 2029 | USD 3.41 Bn. |
| CAGR | 16.1 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 112 |
| Segment Covered | Application and Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report provides detailed qualitative and quantitative information on the Physical Security Information Management industry. The report also provides an analysis of the factors affecting the Physical Security Information Management Market growth from both the demand and supply side during the forecast period. The profiles of key companies along with their SWOT analysis and market strategies are included in the report, making it an investor’s guide. This SWOT analysis provides detailed information on the strengths and weaknesses of the Physical Security Information Management Market. The market research was conducted by dividing the market into two major segments: application and type, which were further divided into various sub-segments. Segment-wise and region-wise detailed analysis of the market including drivers, restraints, opportunities and challenges has been provided in the market report.
The Bottom-up approach was used to estimate the Physical Security Information Management Market size. The primary and secondary data collected through extensive research were analyzed in detail and combined for accurate and error-free findings. PESTLE was employed to understand the potential impact of the macroeconomic and micro-economic factors affecting the Physical Security Information Management Market. Thus, the report provides a detailed overview of the Physical Security Information Management industry.
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Physical Security Information Management Market Overview
Physical Security Information Management (PSIM) is used to integrate multiple unconnected security applications and to provide control over various devices through a unified user experience. The Physical Security Information Management market is expected to be driven by the increasing use of Internet Protocol (IP) cameras during the forecast period.
Physical Security Information Management Market Dynamics
The factor that is contributing to the Physical Security Information Management Market growth majorly is the rising security concerns of people due to increasing work-from-home and digital advancements. The key factor driving the Physical Security Information Management growth is the emerging smart cities that require traffic monitoring and surveillance systems throughout the whole city. The instances of terrorist activities and security breaches to physical systems are also majorly driving the Physical Security Information Management Market growth. The Physical Security Information Management Market growth is expected to be restrained by the lack of infrastructure, network connectivity issues and data storage problems.
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Physical Security Information Management Market Regional Insights
In 2021, the North America region held the largest market share and is expected to grow at a CAGR of 16.1 percent during the forecast period to reach USD 3.41 Bn by 2029. This growth of the market is mainly expected because the region consists of developed countries that have the well-developed infrastructure. The North America region is followed by Europe and APAC regions. The increasing adoption of physical security information management solutions in smart city projects is driving the growth of the regional Physical Security Information Management Market.
Physical Security Information Management Market Segmentation:
By Application
- BFSI
- Transportation and Logistics
- Government and Defense
- Industrial Manufacturing
- Healthcare
- IT and Telecom
- Energy and Utility
- Others
By Type
- Services
- Software
Physical Security Information Management Market Key Competitors include:
- CNL Software Ltd
- Everbridge Inc.
- Qognify Inc.
- Vidsys Inc.
- AxxonSoft Inc.
- Verint Systems Inc.
- Genetec Inc.
- LenelS2
- Advancis Software & Services GmbH
- VIDEONEXT Network Solutions
- Ela-Soft GmbH
- Hexagon AB
- Johnson Controls International PLC
- Prysm Software
- F.A.S.T. Systems Inc.
- i2V Systems Pvt. Ltd
- Easypsim AG
- Milestone Systems A/S (Denmark)
- Network Harbor
- Octopus System
- Reliable Fire and Security
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Key questions answered in the Physical Security Information Management Market are:
- What is Physical Security Information Management?
- What was the global Physical Security Information Management Market size in 2021?
- What is the expected CAGR during 2022-2029?
- What are the global trends in the Physical Security Information Management Market?
- Who held the largest market share in Physical Security Information Management Market?
- What are the upcoming industry applications and trends for the Physical Security Information Management Market?
- How is the intervention from regulatory authority is shaping the Physical Security Information Management Market?
- What growth strategies are the players considering to increase their presence in Physical Security Information Management Market?
- Who are the leading companies and what are their portfolios in Physical Security Information Management Market?
- What are the major challenges that the Physical Security Information Management Market could face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Application, Type and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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