Albany, NY -- (SBWIRE) -- 05/03/2016 -- PSIM is a software platform used for enhancing and automating operations center management. PSIM software can be used to integrate security and non-security systems and can be customized as per end-user requirements. This software can be categorized into three types: PSIM+, PSIM, and PSIM lite. PSIM is also named as situation management tool as it allows end-users to take decisions and follow-up the actions as per the requirement in a situation. It provides safety and security to the data and critical infrastructures without incurring the replacement cost.

The PSIM market in North America to grow at a CAGR of 7.22 percent over the period 2014-2019. This report covers the present scenario and the growth prospects of the PSIM market in North America for the period 2015-2019. To calculate the market size, the report considers revenue generated from the following:
- Software (PSIM software)
- Services (consultation, integration, software upgrade, software patch, and others)
- It presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the PSIM market in North America.

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TechNavio's report, the PSIM Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America; it also covers the landscape of the PSIM market in North America and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
- CNL Software
- NICE Systems
- Tyco International
- VidSys

Other Prominent Vendors
- AxxonSoft
- Genetec
- Intergraph
- Mer
- Milestone Systems
- Verint Systems
- videoNEXT Network Solutions

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Key questions answered in this report :-
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?

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