Physical Security Information Management Market size to grow by USD 3,143.5 million from 2022 to 2027|Integration of IoT with physical security is a major trend - Technavio

NEW YORK, June 30, 2023 /PRNewswire/ -- The physical security information management (PSIM) market is estimated to grow at a CAGR of 21.31% between 2022 and 2027. The size of the market is forecast to increase by USD 3,143.5 million according to Technavio. The need to mitigate criminal activities and terrorist attacks is a key factor driving market growth. The rise in terrorist attacks, particularly in countries like the United States and the United Kingdom, has created a need for the use of PSIM solutions. PSIM solutions are also effective in combating various criminal activities, including robbery, murder, and theft. In addition, these solutions enable the tracking and apprehension of criminals, providing valuable evidence for legal proceedings. Governments in several countries have imposed strict regulations that mandate the installation of PSIM solutions in public areas such as hypermarkets, hospitals, airports, ports, train stations, hotels, and shopping malls. Hence, these factors are expected to drive the market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

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Physical security information management (PSIM) market – Vendor Analysis

Vendor Landscape - The physical security information management (PSIM) market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer physical security information management (PSIM) in the market are Advancis Software and Services GmbH, AxxonSoft Inc., Carrier Global Corp., easypsim AG, Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc., Kentima AB, LG Corp., Milestone systems AS, Nanodems Corp., NAUTA SOLUCOES SEGURANCA LDA., NICE Ltd., Powersim Inc., Powersys Solutions, Robert Bosch GmbH, Siemens AG, Verint Systems Inc., and Vidsys Inc. and others.

Vendor Offerings -

• AxxonSoft Inc. - The company offers physical security information management, which connects security systems, sensors, and data within a single intuitive interface.
• Genetec Inc. - The company offers physical security information management software named Genetec ClearID
• Johnson Controls International Plc. - The company offers physical security information management such as Access Control
• For details on the vendor and its offerings – Request a sample report

Physical Security Information Management (PSIM) Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on end-user (power/energy and utility, transportation, commercial, government and defense, and others), and solution (software and services)

• The market share growth in the power/energy and utility segment will be significant during the forecast period. The increasing digitalization and the implementation of strict regulatory norms like Health, Safety, and Environment (HSE) standards are propelling the adoption of PSIM in the power, energy, and utility (PEU) sectors. PSIM is utilized in these sectors to ensure compliance with regulations and safeguard employees from potential hazards such as fires, radiation, and explosions in manufacturing facilities. By offering real-time data without the need for human intervention on critical job sites, PSIM enhances safety measures. Moreover, the expansion of power generation infrastructure is expected to drive the segment growth during the forecast period.

Geography Overview

By geography, the market is segmented into (North America, Europe, APAC, Middle East and Africa, and South America). The report provides actionable insights and estimates the contribution of all regions to the growth of the physical security information management (PSIM) market.

• North America is estimated to contribute 32% to the growth of the global market during the forecast period. PSIM adoption in North America is driven by several factors, including the presence of effective IT and business infrastructure, strict regulations concerning IT security compliance and governance, and the use of cloud-based IT security solutions and services. Furthermore, this growth can be due to the rising utilization of access controls and IP security centers, which are increasingly being implemented to regulate the movement of individuals within commercial, institutional, and industrial establishments. Hence, these factors are expected to drive the growth in this region during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Physical Security Information Management (PSIM) Market – Market Dynamics

Major Trends

• Integration of IoT with physical security is a major trend in the market.
• The IoT plays an important role in wireless video surveillance by capturing videos and transmitting them over wireless networks to connected devices.
• This enables real-time decision-making and provides immediate responses to events captured by the surveillance system.
• Furthermore, the integration of IoT in wireless video surveillance improves interactivity, allowing for better communication and integration with PSIM solutions.
• The combination of IoT, video surveillance, and commercial systems creates a more interactive and connected environment, enhancing communication and overall security management.

Significant Challenge

• The infrastructural requirements will be a major challenge for the PSIM market.
• Video surveillance systems generate substantial amounts of video data that need to be stored and archived.
• The transmission of this large volume of data requires high bandwidth to ensure efficient and timely transfer.
• However, in developing and underdeveloped countries, poor network connectivity can limit the availability of high bandwidth, negatively impacting data transmission.
• Connectivity issues in information and communications technology infrastructure can lead to reduced operational performance of Physical Security Information Management (PSIM) solutions.
• Hence, these factors are expected to restrict the market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Physical Security Information Management (PSIM) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the physical security information management (PSIM) market between 2023 and 2027
• Precise estimation of the size of the physical security information management (PSIM) market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the physical security information management (PSIM) market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of physical security information management (PSIM) market vendors.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Solution
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global physical security information management (PSIM) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global physical security information management (PSIM) market 2017 - 2021 ($ million)

• 4.2 By end-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – By end-user Segment 2017 - 2021 ($ million)

• 4.3 By Solution Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – By Solution Segment 2017 - 2021 ($ million)

• 4.4 By Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – By Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Power/energy and utility - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Power/energy and utility - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Power/energy and utility - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Power/energy and utility - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Power/energy and utility - Year-over-year growth 2022-2027 (%)

• 6.4 Transportation - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Transportation - Year-over-year growth 2022-2027 (%)

• 6.5 Commercial - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.6 Government and defense - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Government and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Government and defense - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Government and defense - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Government and defense - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ million)
• Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Solution

• 7.1 Market segments
• Exhibit 56: Chart on Solution - Market share 2022-2027 (%)
• Exhibit 57: Data Table on Solution - Market share 2022-2027 (%)

• 7.2 Comparison by Solution 
• Exhibit 58: Chart on Comparison by Solution
• Exhibit 59: Data Table on Comparison by Solution

• 7.3 Software - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.4 Services - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Solution 
• Exhibit 68: Market opportunity by Solution ($ million)
• Exhibit 69: Data Table on Market opportunity by Solution ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ million)
• Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 AxxonSoft Inc.
• Exhibit 123: AxxonSoft Inc. - Overview
• Exhibit 124: AxxonSoft Inc. - Product / Service
• Exhibit 125: AxxonSoft Inc. - Key offerings

• 12.4 Carrier Global Corp.
• Exhibit 126: Carrier Global Corp. - Overview
• Exhibit 127: Carrier Global Corp. - Business segments
• Exhibit 128: Carrier Global Corp. - Key news
• Exhibit 129: Carrier Global Corp. - Key offerings
• Exhibit 130: Carrier Global Corp. - Segment focus

• 12.5 easypsim AG
• Exhibit 131: easypsim AG - Overview
• Exhibit 132: easypsim AG - Product / Service
• Exhibit 133: easypsim AG - Key offerings

• 12.6 Everbridge Inc.
• Exhibit 134: Everbridge Inc. - Overview
• Exhibit 135: Everbridge Inc. - Business segments
• Exhibit 136: Everbridge Inc. - Key offerings
• Exhibit 137: Everbridge Inc. - Segment focus

• 12.7 Genetec Inc.
• Exhibit 138: Genetec Inc. - Overview
• Exhibit 139: Genetec Inc. - Product / Service
• Exhibit 140: Genetec Inc. - Key offerings

• 12.8 Hexagon AB
• Exhibit 141: Hexagon AB - Overview
• Exhibit 142: Hexagon AB - Business segments
• Exhibit 143: Hexagon AB - Key news
• Exhibit 144: Hexagon AB - Key offerings
• Exhibit 145: Hexagon AB - Segment focus

• 12.9 Johnson Controls International Plc. 
• Exhibit 146: Johnson Controls International Plc. - Overview
• Exhibit 147: Johnson Controls International Plc. - Business segments
• Exhibit 148: Johnson Controls International Plc. - Key news
• Exhibit 149: Johnson Controls International Plc. - Key offerings
• Exhibit 150: Johnson Controls International Plc. - Segment focus

• 12.10 Kentima AB
• Exhibit 151: Kentima AB - Overview
• Exhibit 152: Kentima AB - Product / Service
• Exhibit 153: Kentima AB - Key offerings

• 12.11 Milestone systems AS
• Exhibit 154: Milestone systems AS - Overview
• Exhibit 155: Milestone systems AS - Product / Service
• Exhibit 156: Milestone systems AS - Key offerings

• 12.12 NAUTA SOLUCOES SEGURANCA LDA. 
• Exhibit 157: NAUTA SOLUCOES SEGURANCA LDA. - Overview
• Exhibit 158: NAUTA SOLUCOES SEGURANCA LDA. - Product / Service
• Exhibit 159: NAUTA SOLUCOES SEGURANCA LDA. - Key offerings

• 12.13 NICE Ltd.
• Exhibit 160: NICE Ltd. - Overview
• Exhibit 161: NICE Ltd. - Business segments
• Exhibit 162: NICE Ltd. - Key news
• Exhibit 163: NICE Ltd. - Key offerings
• Exhibit 164: NICE Ltd. - Segment focus

• 12.14 Robert Bosch GmbH
• Exhibit 165: Robert Bosch GmbH - Overview
• Exhibit 166: Robert Bosch GmbH - Business segments
• Exhibit 167: Robert Bosch GmbH - Key news
• Exhibit 168: Robert Bosch GmbH - Key offerings
• Exhibit 169: Robert Bosch GmbH - Segment focus

• 12.15 Siemens AG
• Exhibit 170: Siemens AG - Overview
• Exhibit 171: Siemens AG - Business segments
• Exhibit 172: Siemens AG - Key news
• Exhibit 173: Siemens AG - Key offerings
• Exhibit 174: Siemens AG - Segment focus

• 12.16 Verint Systems Inc.
• Exhibit 175: Verint Systems Inc. - Overview
• Exhibit 176: Verint Systems Inc. - Product / Service
• Exhibit 177: Verint Systems Inc. - Key offerings

• 12.17 Vidsys Inc.
• Exhibit 178: Vidsys Inc. - Overview
• Exhibit 179: Vidsys Inc. - Product / Service
• Exhibit 180: Vidsys Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations
• Exhibit 187: List of abbreviations

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