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Physical Security Information Management Market - Opportunities and Forecast, 2016 - 2020

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According to the report, one driver leading to the growth of this market is the use of mobile technology in PSIM. Mobile technology in PSIMs is likely to become mainstream as users become more accustomed to using apps to accomplish their daily tasks
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Global Physical Security Information Management Market to
grow at a CAGR of 14.82% during the period 2016-2020
Summary
Technavio Announces the Publication of its Research Report – Global Physical Security Information
Management Market 2016-2020
Technavio recognizes the following companies as the key players in the global physical security
information management market: CNL Software, Qognify, Tyco International, and VidSys.
Other Prominent Vendors in the market are: AxxonSoft, Genetec, Intergraph, Kentima, Mer, Milestone
Systems, Verint Systems, and videoNEXT Network Solutions.
Commenting on the report, an analyst from Technavio’ s team said: “Integration of social media into
PSIM will be a major trend in this market. Social media has given the PSIM operator a new source of
data. Social media keyword prevalence, account management, and hashtag monitoring can give the
PSIM operator a direct connection with people and their daily activities. Social media platforms such as
Facebook, Twitter, and LinkedIn are often referred to as “social data conduits” in the security industry.
They offer information streams that can be integrated into the real-time framework of PSIM
platforms.”
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According to the report, one driver leading to the growth of this market is the use of mobile technology
in PSIM. Mobile technology in PSIMs is likely to become mainstream as users become more accustomed
to using apps to accomplish their daily tasks. Mobile apps that leverage the capabilities of smartphones
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can notify responders of events and keep security operations up-to-date with pictures and streamed
video.
Further, the report states that the high total cost of ownership of PSIM solutions will be a major factor
inhibiting this market’ s growth prospects. PSIMs solutions require high initial investments for setting up
the IT infrastructure in organizations and for hiring experts to optimize and deploy the solutions. The
cost for setting up the initial IT infrastructure can reach several thousands of dollars, which is often not
affordable for small and medium-sized enterprises. The cost of most installations exceeds $400,000,
which is a modest sum for large corporations.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
About Global Physical Security Information Management (PSIM)
In the physical security market, the speed at which information is delivered is a critical element. Global
PSIM deployments will increase rapidly as the solution enables faster transfer of critical information and
easy access to information during emergencies.
During public events, security operators should have fast and reliable access to relevant security assets
and related information. Failing to deliver important information could lead to disasters, leaving people
and their surroundings in danger.
Technavio’ s analysts forecast the global physical security information management market to grow at a
CAGR of 14.82% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global physical security
information management market 2016-2020. To calculate the market size, the report considers the
revenue generated from the generated from the worldwide sales of PSIM software and services.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Physical Security Information Management Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry experts. The report covers the
market landscape and its growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
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Key vendors
• CNL Software
• Qognify
• Tyco
• VidSys
Other prominent vendors
• AxxonSoft
• Genetec
• Intergraph
• Kentima
• Mer
• Milestone Systems
• Verint Systems
• videoNEXT Network Solutions
Market driver
• Increasing smart city projects leading to more PSIM deployments
• For a full, detailed list, view our report
Market challenge
• Lack of professional expertise
• For a full, detailed list, view our report
Market trend
• Internet of Things in PSIM
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Request A Sample copy of This Report @
https://marketreportscenter.com/request-sample/316867
Table Of Content
PART 01: Executive summary
• Key findings
• Overview of market numbers
PART 02: Scope of the report
• Vendor segmentation
• Recommended reading
• Target audience
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• PSIM
• Service-oriented architecture (SOA) in PSIM
PART 05: Market description
PART 06: Important factors while selecting PSIM
• Advantages and disadvantages of PSIM
PART 07: Latest developments in PSIM
• Federated PSIM solutions
PART 08: Product life cycle analysis
• Product life cycle analysis
PART 09: Market landscape
PART 10: Impact of drivers
PART 11: Case study
• Deployment of PSIM to improve public safety and enhance emergency response
PART 12: Market segmentation by type
• PSIM market by type
PART 13: Market segmentation by end-user
• Global PSIM market by end-user
PART 14: Market attractiveness by end-user
• Market attractiveness by end-user
• Case studies
PART 15: Geographical segmentation
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