Physical Security Information Management PSIM Market Report 2023

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GLOBAL PHYSICAL SECURITY INFORMATION
MANAGEMENT MARKET REPORT 2023
Global,Regional,CountryAnalysis
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INTRODUCTION
Physical security information management (PSIM)
is a type of software that connects fragmented
security systems, automates workflows and
procedures, and gives users control over their
equipment through a uniform user interface. PSIM
software is frequently connected with systems
that control access, CCTV, video surveillance,
intruder detection, site facilities, and other
functions.
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KEY INSIGHTS
MARKET SIZE USD 593.56 Million
2016
FORECAST USD 2,054.63 Million
2029
CAGR 12.57
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
PSIM USD 998.24 Million
By type
Critical Infrastructure USD 741.01 Million
By application
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Global Physical Security Information Management
Market Revenue share for 2022
North America USD 690.25 Million
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Arising needs for the security management
Drivers
The high deployment cost of PSIM solutions
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Physical Security Information
  Management - PSIM Market revenue in 2016 USD
  593.56 Million
• PSIM lite held for largest share of total
  revenue generated in 2019
• Critical Infrastructure held maximum share of
  Physical Security Information Management - PSIM
  market in 2019
• Companies are investing on the PSIM systems for
  automation, analytics, and proactive control
  which is driving the growth of physical security
  information management market
• Government across the globe are investing in the
  technologies such as PSIM to enhances its
  security parameters which derives the growth of
  market
• The growth of the physical system information
  management market is expected to hinder in the
  projected period due to the high cost of
  deployment
• Integration of advanced technologies with PSIM
  will provide enormous growth opportunities for
  the physical security information management
  market in the projected period

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KEY PLAYERS
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