Physical Security Information Management (PSIM) Market Size, Share, Trends, Growth Outlook

Global Physical Security Information Management (PSIM) Market is forecast to register a CAGR of 14.1% from $1.56 Billion in 2024 to $3.4 Billion in 2030 driven by new product launches by companies.

The global Physical Security Information Management (PSIM) Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Offering (Software, Services), By Software (Access Control, Video Management, Intrusion Detection Management, Fire Safety and Alarms, GIS Mapping System, HVAC), By Deployment Mode (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), By End-User (Banking, Financial Services, and Insurance (BFSI), IT & ITeS, Government, Healthcare, Retail and eCommerce, Residential, Transportation and Logistics, Others).

An Introduction to Physical Security Information Management (PSIM) Market in 2024

The PSIM market in 2024 reflects a growing emphasis on integrated security solutions, driven by the need for centralized control and real-time monitoring across various security systems. PSIM platforms offer comprehensive capabilities, including video surveillance, access control, incident management, and analytics, enabling organizations to enhance situational awareness, automate responses, and improve overall security posture. With advancements in AI, IoT integration, and cloud-based deployment models, the PSIM market is poised for continued growth, particularly in sectors such as critical infrastructure, transportation, healthcare, and smart cities.

Physical Security Information Management (PSIM) Market Competitive Landscape

The market report analyses the leading companies in the industry including AARMTech, Advancis, Axxonsoft, Bold Group, Eagle Eye Networks, easypsim, Entelec, Everbridge, Fast Systems, Genetec, Gretsch-Unitas Deutschland, Hexagon AB, Hikvision, Honeywell, Integrated Security Systems (ISS), Nanodems, Network Harbor, Octopus, Persistent Sentinel, Primion, Prysm Software, SureView Systems, Veracity Solutions, Verint, Vidsys.

Physical Security Information Management (PSIM) Market Dynamics

Market Trend: Integration of AI and IoT Technologies in PSIM Solutions

The most prominent trend in the Physical Security Information Management (PSIM) market is the integration of Artificial Intelligence (AI) and Internet of Things (IoT) technologies. PSIM solutions are evolving to incorporate AI-driven analytics, machine learning algorithms, and IoT sensors for real-time monitoring, threat detection, and incident response. This trend includes the development of intelligent PSIM platforms that offer predictive analytics, video analytics, access control, and IoT device management, driving market growth in the security industry.

Market Driver: Increasing Focus on Safety and Security Across Industries

A significant driver for the PSIM market is the increasing focus on safety and security across various industries such as healthcare, critical infrastructure, transportation, banking, and retail. Organizations prioritize comprehensive security management systems like PSIM to centralize control, streamline operations, improve situational awareness, and enhance emergency response capabilities. Factors such as regulatory compliance, cybersecurity threats, physical risks, and the need for integrated security solutions drive the adoption of PSIM solutions, supporting market expansion and innovation in security technologies.

Market Opportunity: Expansion into Smart City and IoT Security Solutions

One potential opportunity in the PSIM market lies in expanding into smart city and Internet of Things (IoT) security solutions. Smart cities and IoT ecosystems require robust security management platforms like PSIM to protect interconnected devices, sensors, networks, and critical infrastructure from cyber threats, physical breaches, and emergency events. Collaborating with smart city initiatives, IoT service providers, and urban planners presents opportunities to develop customized PSIM solutions for smart city security, IoT device management, public safety, and disaster response. Capitalizing on this opportunity involves expertise in IoT security protocols, data integration, scalability, interoperability, and strategic partnerships to address emerging security challenges in the digital age.

Physical Security Information Management (PSIM) Market Share Analysis: Rapid Expansion in Physical Security Information Management (PSIM) Market Driven by Diverse End-User Adoption

The Physical Security Information Management (PSIM) market is experiencing rapid growth, particularly fueled by its versatile offerings and widespread adoption across various industries. With a comprehensive range of offerings including software and services, PSIM solutions cater to diverse needs such as access control, video management, intrusion detection management, fire safety, alarms, GIS mapping systems, and HVAC integration. This market's growth is propelled by the increasing demand for sophisticated security solutions across different sectors, including Banking, Financial Services, and Insurance (BFSI), IT & ITeS, Government, Healthcare, Retail and eCommerce, Residential, Transportation, and Logistics, among others. The flexibility offered by PSIM solutions in terms of deployment modes, including on-premises and cloud-based solutions, further enhances its appeal to both SMEs and large enterprises seeking robust security management systems. The convergence of advanced technologies like AI, IoT, and cloud computing within PSIM solutions is driving efficiency, scalability, and proactive security measures, making it a dynamic and swiftly expanding market segment.

Physical Security Information Management (PSIM) Market Segmentation-

By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
OthersGeographical Analysis
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Physical Security Information Management (PSIM) Market Companies Profiled

AARMTech
Advancis
Axxonsoft
Bold Group
Eagle Eye Networks
easypsim
Entelec
Everbridge
Fast Systems
Genetec
Gretsch-Unitas Deutschland
Hexagon AB
Hikvision
Honeywell
Integrated Security Systems (ISS)
Nanodems
Network Harbor
Octopus
Persistent Sentinel
Primion
Prysm Software
SureView Systems
Veracity Solutions
Verint
Vidsys*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Physical Security Information Management (PSIM) Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Physical Security Information Management (PSIM) Market Size Outlook, $ Million, 2021 to 2030
3.2 Physical Security Information Management (PSIM) Market Outlook by Type, $ Million, 2021 to 2030
3.3 Physical Security Information Management (PSIM) Market Outlook by Product, $ Million, 2021 to 2030
3.4 Physical Security Information Management (PSIM) Market Outlook by Application, $ Million, 2021 to 2030
3.5 Physical Security Information Management (PSIM) Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Physical Security Information Management (PSIM) Industry
4.2 Key Market Trends in Physical Security Information Management (PSIM) Industry
4.3 Potential Opportunities in Physical Security Information Management (PSIM) Industry
4.4 Key Challenges in Physical Security Information Management (PSIM) Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Physical Security Information Management (PSIM) Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Physical Security Information Management (PSIM) Market Outlook by Segments
7.1 Physical Security Information Management (PSIM) Market Outlook by Segments, $ Million, 2021- 2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others

8 North America Physical Security Information Management (PSIM) Market Analysis and Outlook To 2030
8.1 Introduction to North America Physical Security Information Management (PSIM) Markets in 2024
8.2 North America Physical Security Information Management (PSIM) Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Physical Security Information Management (PSIM) Market size Outlook by Segments, 2021-2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others
9 Europe Physical Security Information Management (PSIM) Market Analysis and Outlook To 2030
9.1 Introduction to Europe Physical Security Information Management (PSIM) Markets in 2024
9.2 Europe Physical Security Information Management (PSIM) Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Physical Security Information Management (PSIM) Market Size Outlook by Segments, 2021-2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others
10 Asia Pacific Physical Security Information Management (PSIM) Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Physical Security Information Management (PSIM) Markets in 2024
10.2 Asia Pacific Physical Security Information Management (PSIM) Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Physical Security Information Management (PSIM) Market size Outlook by Segments, 2021-2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others
11 South America Physical Security Information Management (PSIM) Market Analysis and Outlook To 2030
11.1 Introduction to South America Physical Security Information Management (PSIM) Markets in 2024
11.2 South America Physical Security Information Management (PSIM) Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Physical Security Information Management (PSIM) Market size Outlook by Segments, 2021-2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others
12 Middle East and Africa Physical Security Information Management (PSIM) Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Physical Security Information Management (PSIM) Markets in 2024
12.2 Middle East and Africa Physical Security Information Management (PSIM) Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Physical Security Information Management (PSIM) Market size Outlook by Segments, 2021-2030
By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others 13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AARMTech
Advancis
Axxonsoft
Bold Group
Eagle Eye Networks
easypsim
Entelec
Everbridge
Fast Systems
Genetec
Gretsch-Unitas Deutschland
Hexagon AB
Hikvision
Honeywell
Integrated Security Systems (ISS)
Nanodems
Network Harbor
Octopus
Persistent Sentinel
Primion
Prysm Software
SureView Systems
Veracity Solutions
Verint
Vidsys

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Offering
Software
Services
By Software
Access Control
Video Management
Intrusion Detection Management
Fire Safety and Alarms
GIS Mapping System
HVAC
By Deployment Mode
On-Premises
Cloud
By Organization Size
SMEs
Large Enterprises
By End-User
Banking, Financial Services, and Insurance (BFSI)
IT & ITeS
Government
Healthcare
Retail and eCommerce
Residential
Transportation and Logistics
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)