The latest industry research report on Physical Security Information Management by MRC provides a thorough analysis of the global Physical Security Information Management market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Physical Security Information Management industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
MRC recognizes the following companies as the key players in the global physical security information management (PSIM) market: CNL Software, Qognify, Johnson Controls, and Vidsys
Other Prominent Vendors in the market are: AxxonSoft, Bosch Security Systems, Genetec, Kentima, C.MER INDUSTRIES, Milestone systems, Pelco (Schneider Electric), S2 Security, videoNEXT Network Solutions, and Verint Systems.
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Introduction of customized solutions and integrated packages. Several vendors in the global PSIM market are focusing on offering customized PSIM solutions to fulfill the specific needs of customers ranging from small businesses to enterprises. In addition, some vendors in the market provide open architecture systems that are designed to adapt to the current network environment. Integrated PSIM solutions manage all systems from a single, integrated interface. Such vendors include Tyco Integrated Security and CNL Software.”
According to the report, one of the major drivers for this market is Growing need for public safety. The growing need for public safety is one of the major drivers in the global PSIM solutions market. The increasing crimes and subsequent terrorist attacks have raised the awareness of local and federal government for facilities such as airports, seaports, railway stations, and bus stations. For instance, in August 2015, a heavily armed man attacked a train in France going from Amsterdam to Paris. In November 2015, gunmen and suicide bombers attacked a concert hall, a major stadium, as well as restaurants and bars in Paris leading to a major catastrophe. The protection of life and capital goods is of utmost importance.
Further, the report states that one of the major factors hindering the growth of this market is High TCO of PSIM solutions. PSIM 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 of setting up the initial IT infrastructure can reach several thousands of dollars, which is often not affordable for SMEs. The cost of most installations exceeds $400,000, which is a modest sum for large corporations. Therefore, PSIM solutions are mostly used by major public buildings and large multinational firms.
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.
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The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Key Topics Covered in the Report:
The report brings to your attention analysis of the Physical Security Information Management market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Market Scope
The research report takes different facets into consideration to scrutinize the global Physical Security Information Management industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
Report Details @https://marketreportscenter.com/reports/562353/global-physical-security-information-management-psim-market-2017-2021
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