As per Cognitive Market Research's latest published report, the Global Physical Security Information Management - PSIM market size will be $2,054.63 Million by 2029. The global Physical Security Information Management - PSIM Industry's Compound Annual Growth Rate will be 12.57% from 2023 to 2030.
2. INTRODUCTION
Physical security information management (PSIM)
is a type of software that connects fragmented
security systems, automates workflows and
procedures, and gives users control over their
equipment through a uniform user interface. PSIM
software is frequently connected with systems
that control access, CCTV, video surveillance,
intruder detection, site facilities, and other
functions.
7. AUTHOR'S PERSPECTIVE
Companies are investing on the PSIM systems for automation,
analytics, and proactive control which is driving the growth of physical
security information management market
Government across the globe are investing in the technologies such as
PSIM to enhances its security parameters which derives the growth of
market
The growth of the physical system information management market is
expected to hinder in the projected period due to the high cost of
deployment
Integration of advanced technologies with PSIM will provide
enormous growth opportunities for the physical security information
management market in the projected period
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