Physical Security Information Management (PSIM) Market Size to Grow by USD 3.21 bn | AxxonSoft Inc. and Everbridge Inc. Among Key Vendors | Technavio

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NEW YORK, June 24, 2022 /PRNewswire/ — The Physical Security Information Management (PSIM) Market size is expected to grow by USD 3.21 billion. The growth momentum of the market will progress at a CAGR of 22.15% during the forecast period. The report extensively covers physical security information management (PSIM) market segmentation by end-user (PEU, transportation, commercial, government and defense, and others) and geography (North America, Europe, APAC, MEA, and South America).

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Company Profiles

The physical security information management (PSIM) market report provides complete insights on key vendors, including AxxonSoft Inc., Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH, Siemens AG, Verint Systems Inc., and Vidsys Inc. The key offerings of some of these vendors are listed below:

  • AxxonSoft Inc. – The company offers physical security information management software named Intellect.
  • Everbridge Inc. – The company offers physical security information management through its Control center, with benefits such as real-time situational awareness and others.
  • Genetec Inc. – The company offers physical security information management software named Genetec ClearID.
  • Hexagon AB – The company offers physical security information management software named Intergraph Security.
  • Johnson Controls International Plc – The company offers physical security information management such as Access Control and others.

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Market Dynamics

Physical security information management market growth is primarily driven by the need to reduce criminal activity and terrorist attacks. The growth of the physical security information management market is significantly influenced by the integration of IoT with physical security. Physical security information management (PSIM) market growth, however, will face significant infrastructure challenges during the projection period.

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Parent Market Analysis

Technavio categorizes the global physical security information management (PSIM) market as a part of the global application software market within the global information technology market.

The value chain of the global application software market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

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Market Segmentation

  • By end-user, the market is classified into PEU, transportation, commercial, government and defense, and others. The PEU segment contributes the largest share of the market. The development of new energy production infrastructure is expected to drive the growth of this segment.
  • By solution, the market is classified into software and services. The software segment accounts for the highest market share growth. The software segment is expected to witness a rapid rise in the growth rate because of the shift in demand from legacy authentication solutions to digitized physical security solutions due to the popularity of software-as-a-service (SaaS)-based solutions.
  • By geography, the market is classified into North America, Europe, APAC, MEA, and South America. North America will have the largest share of the market. The availability of adequate IT and business infrastructure, stringent regulations on IT security compliance and governance, and the high adoption of cloud-based IT security solutions and services drives the physical security information management (PSIM) market growth in North America.

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Physical Security Information Management (PSIM) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22.15%

Market growth 2021-2025

$ 3.21 billion

Market structure

Fragmented

YoY growth (%)

21.98

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AxxonSoft Inc., Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International Plc, NICE Ltd., Robert Bosch GmbH, Siemens AG, Verint Systems Inc., and Vidsys Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 15: End-user – Market share 2020-2025 (%)
  • 5.2 Comparison by End-user
    • Exhibit 16: Comparison by End-user
  • 5.3 PEU – Market size and forecast 2020-2025
    • Exhibit 17: PEU – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: PEU – Year-over-year growth 2020-2025 (%)
  • 5.4 Transportation – Market size and forecast 2020-2025
    • Exhibit 19: Transportation – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Transportation – Year-over-year growth 2020-2025 (%)
  • 5.5 Commercial – Market size and forecast 2020-2025
    • Exhibit 21: Commercial – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Commercial – Year-over-year growth 2020-2025 (%)
  • 5.6 Government and defense – Market size and forecast 2020-2025
    • Exhibit 23: Government and defense – Market size and forecast 2020-2025 ($ million)
    • Exhibit 24: Government and defense – Year-over-year growth 2020-2025 (%)
  • 5.7 Others – Market size and forecast 2020-2025
    • Exhibit 25: Others – Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: Others – Year-over-year growth 2020-2025 (%)
  • 5.8 Market opportunity by End-user
    • Exhibit 27: Market opportunity by End-user

6 Market Segmentation by Solution

  • 6.1 Market segments
    • Exhibit 28: Solution – Market share 2020-2025 (%)
  • 6.2 Comparison by Solution
    • Exhibit 29: Comparison by Solution
  • 6.3 Software – Market size and forecast 2020-2025
    • Exhibit 30: Software – Market size and forecast 2020-2025 ($ million)
    • Exhibit 31: Software – Year-over-year growth 2020-2025 (%)
  • 6.4 Services – Market size and forecast 2020-2025
    • Exhibit 32: Services – Market size and forecast 2020-2025 ($ million)
    • Exhibit 33: Services – Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by Solution
    • Exhibit 34: Market opportunity by Solution

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 36: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 37: Geographic comparison
  • 8.3 North America – Market size and forecast 2020-2025
    • Exhibit 38: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 39: North America – Year-over-year growth 2020-2025 (%)
  • 8.4 Europe – Market size and forecast 2020-2025
    • Exhibit 40: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 41: Europe – Year-over-year growth 2020-2025 (%)
  • 8.5 APAC – Market size and forecast 2020-2025
    • Exhibit 42: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 43: APAC – Year-over-year growth 2020-2025 (%)
  • 8.6 MEA – Market size and forecast 2020-2025
    • Exhibit 44: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 45: MEA – Year-over-year growth 2020-2025 (%)
  • 8.7 South America – Market size and forecast 2020-2025
    • Exhibit 46: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 47: South America – Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 49: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
    • Exhibit 50: Impact of drivers and challenges
  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview
    • Exhibit 51: Vendor landscape
  • 10.2 Landscape disruption
    • Exhibit 52: Landscape disruption
    • Exhibit 53: Industry risks

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 54: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 55: Market positioning of vendors
  • 11.3 AxxonSoft Inc.
    • Exhibit 56: AxxonSoft Inc. – Overview
    • Exhibit 57: AxxonSoft Inc. – Product and service
    • Exhibit 58: AxxonSoft Inc. – Key offerings
  • 11.4 Everbridge Inc.
    • Exhibit 59: Everbridge Inc. – Overview
    • Exhibit 60: Everbridge Inc. – Business segments
    • Exhibit 61: Everbridge Inc. – Key offerings
  • 11.5 Genetec Inc.
    • Exhibit 62: Genetec Inc. – Overview
    • Exhibit 63: Genetec Inc. – Product and service
    • Exhibit 64: Genetec Inc. – Key offerings
  • 11.6 Hexagon AB
    • Exhibit 65: Hexagon AB – Overview
    • Exhibit 66: Hexagon AB – Business segments
    • Exhibit 67: Hexagon AB – Key offerings
    • Exhibit 68: Hexagon AB – Segment focus
  • 11.7 Johnson Controls International Plc
    • Exhibit 69: Johnson Controls International Plc – Overview
    • Exhibit 70: Johnson Controls International Plc – Business segments
    • Exhibit 71: Johnson Controls International Plc – Key offerings
    • Exhibit 72: Johnson Controls International Plc – Segment focus
  • 11.8 NICE Ltd.
    • Exhibit 73: NICE Ltd. – Overview
    • Exhibit 74: NICE Ltd. – Business segments
    • Exhibit 75: NICE Ltd.-Key news
    • Exhibit 76: NICE Ltd. – Key offerings
    • Exhibit 77: NICE Ltd. – Segment focus
  • 11.9 Robert Bosch GmbH
    • Exhibit 78: Robert Bosch GmbH – Overview
    • Exhibit 79: Robert Bosch GmbH – Business segments
    • Exhibit 80: Robert Bosch GmbH -Key news
    • Exhibit 81: Robert Bosch GmbH – Key offerings
    • Exhibit 82: Robert Bosch GmbH – Segment focus
  • 11.10 Siemens AG
    • Exhibit 83: Siemens AG – Overview
    • Exhibit 84: Siemens AG – Business segments
    • Exhibit 85: Siemens AG – Key offerings
    • Exhibit 86: Siemens AG – Segment focus
  • 11.11 Verint Systems Inc.
    • Exhibit 87: Verint Systems Inc. – Overview
    • Exhibit 88: Verint Systems Inc. – Business segments
    • Exhibit 89: Verint Systems Inc. -Key news
    • Exhibit 90: Verint Systems Inc. – Key offerings
    • Exhibit 91: Verint Systems Inc. – Segment focus
  • 11.12 Vidsys Inc.
    • Exhibit 92: Vidsys Inc. – Overview
    • Exhibit 93: Vidsys Inc. – Product and service
    • Exhibit 94: Vidsys Inc. – Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Currency conversion rates for US$
    • Exhibit 95: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 96: Research Methodology
    • Exhibit 97: Validation techniques employed for market sizing
    • Exhibit 98: Information sources
  • 12.4 List of abbreviations
    • Exhibit 99: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Physical Security Information Management (PSIM) Market Size to Grow by USD 3.21 bn | AxxonSoft Inc. and Everbridge Inc. Among Key Vendors | Technavio WeeklyReviewer

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