Tag Archives: Physical Security Information Management Market
Physical Security Information Management Market: Demand for Centralized Control over Disparate Security Systems Key Driver
Global Physical Security Information Management Market: Overview
The increasing demand for centralized control and management of disparate devices and information systems among enterprises has led to the rapid evolution of the physical security information management (PSIM) market. A physical security information system encapsulates an integrated platform and a series of applications by vendors and system integrators (SI) to collect data and correlate events to help organizations identify problems and proactively solve them. Over the past decade, a large number of organizations of all sizes have adopted PSIM solutions to gain increased control over business operations, achieve situational awareness, and effectively manage compliance and reporting.
The global physical security information management (PSIM) market features an exceedingly fragmented competitive landscape, with the top four companies collectively accounting for merely 36% of the overall market in 2016, observes a recent report by Transparency Market Research. The top two vendors in the market, namely NEC Corporation and Tyco International, command prominent position in the global market owing to their extensive global network of delivery and service centers, especially in key emerging economies such as India, China, and Brazil.
Global Physical Security Information Management Market: Snapshot