Home / IT & Telecom / Physical Security Information Management (PSIM) Market By Component Type (Software: Off-the Shelf, Customized; Service), By End-user (BFSI, Logistics, IT & Telecom, Wholesale & Retail, Manufacturing, Healthcare, Government & Defense) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Physical Security Information Management (PSIM) Market By Component Type (Software: Off-the Shelf, Customized; Service), By End-user (BFSI, Logistics, IT & Telecom, Wholesale & Retail, Manufacturing, Healthcare, Government & Defense) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Published: Jan 2020 | Report Code: 60142-01-20

Key Market Insights

“Rising government regulations for security will enhance the market demand globally” 

The global physical security information management market is growing proficiently, projected to grow at a CAGR of 14.5% during the estimated period from 2019 to 2027, starting from US$ 930.5 Mn in 2018. 

For lesser security breach, fraud reduction and risk assessment, government worldwide are making regulations such as HIPPA, GLBA, GDPR, PCI DSS, ISO, and others. To comply with the aforementioned regulations organizations are adopting PSIM software which is driving the market growth. According to a report, there will be 75 Bn IoT devices worldwide by 2025. Hence, the need to install PSIM software is increasing worldwide owing to which we expect that the market will grow significantly during the forecast period.

“Increasing need for a centralized security system will boost PSIM market” 

Rising demand for a centralized security system and increased digitization worldwide will boost market growth. PSIM is a software platform that incorporates security devices & applications and control with one interface. PSIM software provides various organizational benefits such as management reporting, increased control, and enhanced situation awareness. Further, the aforementioned organizational benefits of PSIM help them in cost reduction, improved work efficiency, increased intelligence, improved security and others, that are helping the market growth. 

Market Synopsis 

Physical Security Information Management Market

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End-user Analysis

“Rising development of smart cities worldwide will spur revenue growth” 

The government & defense segment is estimated to be dominant in 2018. The government & defense segment contributed to around 35% of the market revenue share in the same year. Government initiatives for the development of smart cities along with a focus on safe city programs that majorly depend upon PSIM software will boost the segment growth. Rising investments and growing use of digitization in the defense sector worldwide will also spur the segment growth. According to research study and news, the defense sector worldwide will reach US$ 1.9 Tn by 2020.

“Rising digitization in transportation will enhance the Logistics segment” 

The rapid inclination of digitization in the transportation industry and growing need for monitoring & security of logistics & transportation activities will boost the segment growth. The global logistics market was valued at US$ 8.6 Tn in 2018 and expected to grow with a CAGR of around 7% in years to come. Major logistics companies are deploying PSIM software solutions to secure client information, duty-free areas, and others. 

Physical Security Information Management Market

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Regional Analysis

“Rising demand for centralized management will boost the market in North America”

North America led the PSIM market in 2018 backed by Europe and Asia Pacific. North America contributes nearly 35% of the global market revenue share in the same year. North America dominates the market owing to the rising need for centralized management and control of security systems in the region. Growing physical & cybersecurity concerns, early technological adoption, and presence of PSIM vendors such as VidSys, Inc., videoNEXT, Hexagon AB (Intergraph Corporation) and others in the region will also boost the region growth. 

“Increased government initiatives will boost the PSIM market in the region”

We expect that Asia Pacific will grow with the fastest CAGR in years to come due to increased government initiatives such as smart cities, and to decrease the security breach. For instance, in 2015, the government of India launched the ‘Smart Cities Mission’ program, in the aforementioned program total of 100 cities have selected across the country for development. Rising deployment of digitization in the defense sector will also boost the region's growth. 

Physical Security Information Management Market

"Rising Partnerships, Mergers & Acquisitions will enhance the Industry Growth"

Major PSIM software vendors are focusing on strategic partnerships, acquisition & merger and collaborations with other players. These strategies will help companies to increase their product portfolio and can develop more efficient security solutions. 

Key Industry Development: 

  • In January 2018, Red Five Security, LLC and VidSys, Inc. collaborated for developing leading-edge security solutions. This strategic partnership will help both companies to increase their customer base and market share in the industry.
  • In October 2019, CNL Software Ltd., world leader in PSIM market awarded as technology partner of the year by Edge360 due to CNL’s excellence in implementation and innovation of consumer centric solutions. 

List of Companies Covered:

  • NEC Corporation
  • CNL Software Ltd.
  • Tyco International Ltd.
  • NICE Systems Ltd.
  • VidSys, Inc.
  • Hexagon AB (Intergraph Corporation)
  • videoNEXT
  • Red Five Security, LLC
  • S2 Security Corporation
  • Milestone Systems A/S
  • Genetec, Inc.
  • AxxonSoft

Physical Security Information Management (PSIM) Market

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027

Market Segmentation  

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Component Type (2017–2027; US$ Mn)
 • Software
    o Off-the Shelf  
        On-premise 
        Cloud-based
    o Customized
        On-premise
        Cloud-based
 • Service

 End-user (2017–2027; US$ Mn)
 • BFSI
 • Logistics
 • IT & Telecom
 • Wholesale & Retail
 • Manufacturing
 • Healthcare
 • Government & Defense
 • Others (Energy & Utility, Residential, etc.)

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S. and Canada)
 • Europe (U.K., Germany, Spain, Italy and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall physical security information management market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths. 

Key questions answered in this report

  • What are the current market trends and dynamics in the physical security information management market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What are the drivers of the physical security information management market?
  • Are low and middle-income economies investing in the physical security information management market?
  • Notable developments going on in the PSIM market.
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Physical Security Information Management (PSIM) Market
2.2. Global PSIM Market, by Component Type, 2018 (US$ Mn)
2.3. Global PSIM Market, by End-user, 2018 (US$ Mn)
2.4. Global PSIM Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global PSIM Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Physical Security Information Management (PSIM) Market, by Component Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Software
4.2.1. Off-the Shelf
4.2.1.1. On-premise
4.2.1.2. Cloud-based
4.2.2. Customized
4.2.2.1. On-premise
4.2.2.2. Cloud-based
4.3. Service

5. Global Physical Security Information Management (PSIM) Market, by End-user, 2017-2027 (US$ Mn)
5.1. Overview
5.2. BFSI
5.3. Logistics
5.4. IT & Telecom
5.5. Wholesale & Retail
5.6. Manufacturing
5.7. Healthcare
5.8. Government & Defense
5.9. Others (Energy & Utility, Residential, etc.)

6. North America Physical Security Information Management (PSIM) Market Analysis, 2017-2027 (US$ Mn)
6.1. Overview
6.1.1. North America PSIM Market Value and Growth, 2017-2027, (US$ Mn)
6.2. North America PSIM Market Value, By Component Type, 2017-2027 (US$ Mn)
6.2.1. Market Analysis
6.3. North America PSIM Market Value, By End-user, 2017-2027 (US$ Mn)
6.3.1. Market Analysis
6.4. North America PSIM Market Value, By Region/Country, 2017-2027 (US$ Mn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Physical Security Information Management (PSIM) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. Europe PSIM Market Value and Growth, 2017-2027, (US$ Mn)
7.2. Europe PSIM Market Value, By Component Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. Europe PSIM Market Value, By End-user, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. Europe PSIM Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Physical Security Information Management (PSIM) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Asia Pacific PSIM Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Asia Pacific PSIM Market Value, By Component Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Asia Pacific PSIM Market Value, By End-user, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Asia Pacific PSIM Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Physical Security Information Management (PSIM) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Rest of the World PSIM Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Rest of the World PSIM Market Value, By Component Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Rest of the World PSIM Market Value, By End-user, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Rest of the World PSIM Market Value, By Region, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. NEC Corporation
10.2. CNL Software Ltd.
10.3. Tyco International Ltd.
10.4. NICE Systems Ltd.
10.5. VidSys, Inc.
10.6. Hexagon AB (Intergraph Corporation)
10.7. videoNEXT
10.8. Red Five Security, LLC
10.9. S2 Security Corporation
10.10. Milestone Systems A/S
10.11. Genetec, Inc.
10.12. AxxonSoft

* Here we are using PSIM as a short form of Physical Security Information Management

FIG. 1 Global Physical Security Information Management (PSIM) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global PSIM Market Segmentation
FIG. 4 Global PSIM Market, by Component Type, 2018 (US$ Mn)
FIG. 5 Global PSIM Market, by End-user, 2018 (US$ Mn)
FIG. 6 Global PSIM Market, by Geography, 2018 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key PSIM Market Manufacturers, 2018
FIG. 9 Global PSIM Market Value Contribution, By Component Type, 2018 & 2027 (Value %)
FIG. 10 Global PSIM Market, by Software, Value, 2017–2027 (US$ Mn)
FIG. 11 Global PSIM Market, by Service, Value, 2017–2027 (US$ Mn)
FIG. 12 Global PSIM Market Value Contribution, By End-user, 2018 & 2027 (Value %)
FIG. 13 Global PSIM Market, by BFSI, Value, 2017–2027 (US$ Mn)
FIG. 14 Global PSIM Market, by Logistics, Value, 2017–2027 (US$ Mn)
FIG. 15 Global PSIM Market, by IT & Telecom, 2017–2027 (US$ Mn)
FIG. 16 Global PSIM Market, by Wholesale & Retail, Value, 2017–2027 (US$ Mn)
FIG. 17 Global PSIM Market, by Manufacturing, 2017–2027 (US$ Mn)
FIG. 18 Global PSIM Market, by Healthcare, Value, 2017–2027 (US$ Mn)
FIG. 19 Global PSIM Market, by Government & Defense, 2017–2027 (US$ Mn)
FIG. 20 Global PSIM Market, by Others (Energy & Utility, Residential, etc.), Value, 2017–2027 (US$ Mn)
FIG. 21 U.S. PSIM Market, 2017–2027 (US$ Mn)
FIG. 22 Canada PSIM Market, 2017–2027 (US$ Mn)
FIG. 23 U.K. PSIM Market, 2017–2027 (US$ Mn)
FIG. 24 Germany PSIM Market, 2017–2027 (US$ Mn)
FIG. 25 France PSIM Market, 2017–2027 (US$ Mn)
FIG. 26 Italy PSIM Market, 2017–2027 (US$ Mn)
FIG. 27 Rest of Europe PSIM Market, 2017–2027 (US$ Mn)
FIG. 28 Japan PSIM Market, 2017–2027 (US$ Mn)
FIG. 29 China PSIM Market, 2017–2027 (US$ Mn)
FIG. 30 India PSIM Market, 2017–2027 (US$ Mn)
FIG. 31 Rest of Asia Pacific PSIM Market, 2017–2027 (US$ Mn)
FIG. 32 Middle East & Africa PSIM Market, 2017–2027 (US$ Mn)
FIG. 33 Latin America PSIM Market, 2017–2027 (US$ Mn)

TABLE 1 Market Snapshot: Global Physical Security Information Management (PSIM) Market
TABLE 2 Global PSIM Market, by Component Type, 2017–2027 (US$ Mn)
TABLE 3 Global PSIM Market, by End-user, 2017–2027 (US$ Mn)
TABLE 4 Global PSIM Market, by Geography, 2017–2027 (US$ Mn)
TABLE 5 North America PSIM Market, by Component Type, 2017–2027 (US$ Mn)
TABLE 6 North America PSIM Market, by End-user, 2017–2027 (US$ Mn)
TABLE 7 North America PSIM Market, by Country, 2017–2027 (US$ Mn)
TABLE 8 Europe PSIM Market, by Component Type, 2017–2027 (US$ Mn)
TABLE 9 Europe PSIM Market, by End-user, 2017–2027 (US$ Mn)
TABLE 10 Europe PSIM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 11 Asia Pacific PSIM Market, by Component Type, 2017–2027 (US$ Mn)
TABLE 12 Asia Pacific PSIM Market, by End-user, 2017–2027 (US$ Mn)
TABLE 13 Asia Pacific PSIM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 RoW PSIM Market, by Component Type, 2017–2027 (US$ Mn)
TABLE 15 RoW PSIM Market, by End-user, 2017–2027 (US$ Mn)
TABLE 16 RoW PSIM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 17 NEC Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 18 CNL Software Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 19 Tyco International Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 NICE Systems Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 VidSys, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Hexagon AB (Intergraph Corporation): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 videoNEXT.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Red Five Security, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 25 S2 Security Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 26 Milestone Systems A/S: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 27 Genetec, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 28 AxxonSoft: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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