Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Physical Security Information Management (PSIM) Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 11/13/2014 -- Physical Security Information Management (PSIM) system is a type of software that is used for automating and enhancing operations for physical security management and reporting. It is designed to integrate security applications via one common user interface. It collects events from existing information and security devices and correlates them to empower personnel to proactively resolve situations. This system requires integration and coordination of technologies with the information technology processes that govern the management of organizational data. PSIM helps in boosting security services and effectiveness for better accountability. Collection, analysis, verification, resolution, reporting and audit trail are some of the capabilities of an ideal PSIM software system. A major benefit in implementing PSIM based integration is that it is able to connect systems at data level which include CCTV-Closed Circuit Television, access control systems, fire detection systems, security alarms, video content analysis and others. It also enables a greater degree of interoperability and is very useful in network based connectivity.
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The PSIM market is segmented on the basis of applications into various sectors such as infrastructure sector, commercial sector, government facilities, healthcare, law enforcement and emergency response management system and education sector. In infrastructure sectors, PSIM system is implemented to enhance security of assets that are widely dispersed and leverage mobile applications. It reduces response times, enhances security, strengthens regulatory compliances and creates staffing efficiencies. In commercial sector, PSIM system overcomes challenges faced by enterprises like information overload, enforcing consistent security policies and integrating and sharing information. It provides a comprehensive approach to protecting and managing people, data equipment and inventory. In government facilities, it is used for identifying and managing situations before an emergency arises and enforcing consistent application of security standards. In healthcare, this system caters to the need for protecting and inspecting medical equipment and medicine. PSIM system is implemented in law enforcement and emergency response management in protecting citizens and assets. It shares information across jurisdictions and organizations, provides responders with critical information and ensuring right resources at the affected site. In education sector, campus violence and theft are on rise. Educational institutions are committed to a safe learning environment for students. PSIM system enables effective collaboration and communication between emergency responders, public safety personnel and the community.
Business organizations taking strategic decisions need voluminous and accurate data. These strategic decisions are taken after analyzing this voluminous data. PSIM systems assist organizations in taking strategic decisions by sharing security and risk data that business executives can understand. This is a contributing factor that leads to the growth of PSIM market. Another contributing factor is the regulatory compliance bodies like International Organization for Standardization that dictates data and computer systems be handled in standardized ways. These compliances are best adhered to using the PSIM platform. Other drivers include dropping costs of networking systems that encourages the implementation of PSIM and adoption of software and networking systems for performing critical functions. However, increased use of virtual machines leads to increased use of Linux operating system which is a competing technology and is gaining popularity owing to its affordability feature. This is hampering the growth of PSIM market.
Some of the key players in this line of business include CNL Software Ltd, NICE Systems Ltd, Tyco International Limited, VidSys Inc, AxxonSoft Ltd, Genetec, Intergraph Corporation, Mer Inc, Milestone Systems A/S, S2 Security Corporation, Verint Systems and videoNEXT Network Solutions Inc among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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