North America Physical Security Information Management (PSIM) Market is expected to grow at a healthy CAGR in the forecast period of 2019 to 2026.
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Drivers: North America physical security information Management (PSIM) Market
- Raising demand for protection against terrorism
- Increased demand of cloud-computing platform
- Rising count of smart and safe city
Restraint
- Invasion of privacy
Opportunities
- Rising demand from the government departments and public bodies
- Increased demand for artificial intelligence, IoT and mobility-based solutions
Challenge
- The rising threat of it security, cybersecurity and insider threats
Market Trends
North America physical security information management (PSIM) market is segmented into four notable segments which based on basis of component, deployment type, organization size and vertical.
- On the basis of component, the market is segmented into software and services
- On the basis of deployment type, the market is segmented into cloud and on premise
- On the basis of organization size, the market is segmented into large organization and small and medium organization. The large organization is expected to grow with the highest CAGR in the forecast period of 2019 to 2026.
- On the basis of vertical, the market is segmented into government and defence sector, banking, financial services and insurance, residential, commercial, healthcare, transportation, utility and energy, hospitality, retail, manufacturing and others
Major Players: North America physical security information Management (PSIM) Market
Some of the major players operating in this market are Tyco integrated security, Inc. Bold Group, AxxonSoft, Qognify Ltd., CNL Software, STANLEY Convergent Security Solutions, Inc., HEXAGON, Network Harbor, Siemens, AlertEnterprise, Nanodems, ProTech Security, HID Global Corporation/ASSA ABLOY AB, Genetec Inc., Aventura Technologies, Inc., Saab AB and others
