Physical Security Information Management Market Report by Type (Solution, Services), Deployment Mode (On-premises, Cloud-based), End Use Industry (BFSI, Transportation and Logistics, Government and Defense, Retail, Energy and Utilities, and Others), and Region 2024-2032

Physical Security Information Management Market Report by Type (Solution, Services), Deployment Mode (On-premises, Cloud-based), End Use Industry (BFSI, Transportation and Logistics, Government and Defense, Retail, Energy and Utilities, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5020
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Market Overview:

The global physical security information management market size reached US$ 1,362.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,372.2 Million by 2032, exhibiting a growth rate (CAGR) of 13.42% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,362.5 Million
Market Forecast in 2032
US$ 4,372.2 Million
Market Growth Rate 2024-2032 13.42%


Physical security information management (PSIM) is software integrated with security applications and information devices to offer resilient security and control solutions. It comprises access control, fire and safety, perimeter intrusion protection, geographic information system (GIS) mapping, closed-circuit television camera (CCTV), telephony, radio networks, and command and control systems. It enhances the efficiency and effectiveness of security operations by enabling personnel to identify and proactively resolve emergencies in real-time. Consequently, enterprises across the globe are leveraging PSIM solutions to promote the safety and security of assets and employees.

Physical Security Information Management Market

Physical Security Information Management Market Trends:

Lapses in physical security can expose the sensitive data of organizations and lead to potentially serious consequences. This, in confluence with the increasing instances of cybercrimes, represents one of the key factors encouraging corporate enterprises to deploy PSIM solutions. Moreover, the high risk of burglaries, thefts, and explosions in oil refineries is contributing to the adoption of PSIM in the oil and gas sector. Apart from this, governmental organizations are deploying PSIM in municipalities, city surveillance systems, and traffic control solutions to keep track of suspicious events and improve the safety and security of the public and working professionals. Furthermore, with the growing utilization of electronic health record (EHR) software, the employment of PSIM is escalating in the healthcare industry to protect sensitive information of patients from unauthorized access. Besides this, educational institutions are increasingly relying on digital technologies to collect and maintain confidential information about students, staff, courses, programs, facilities, and fiscal activities. As this can result in data and campus security infringement, these institutions are adopting PSIM software for advanced situational awareness, which is positively influencing the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global physical security information management market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, deployment mode and end use industry.

Breakup by Type:

Physical Security Information Management Market By Type

  • Solution
  • Services
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by End Use Industry:

  • BFSI
  • Transportation and Logistics
  • Government and Defense
  • Retail
  • Energy and Utilities
  • Others
     

Breakup by Region:

Physical Security Information Management Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advancis Software & Services GmbH, AxxonSoft, easypsim AG, ela-soft GmbH (Gretsch-Unitas GmbH), Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International PLC, Milestone Systems A/S (Canon Inc.), OCTOPUS Systems, Prysm Software, Qognify Inc. and Verint Systems Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Type, Deployment Mode, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advancis Software & Services GmbH, AxxonSoft, easypsim AG, ela-soft GmbH (Gretsch-Unitas GmbH), Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International PLC, Milestone Systems A/S (Canon Inc.), OCTOPUS Systems, Prysm Software, Qognify Inc. and Verint Systems Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global physical security information management market was valued at US$ 1,362.5 Million in 2023.

We expect the global physical security information management market to exhibit a CAGR of 13.42% during 2024-2032.

The rising utilization of Physical Security Information Management (PSIM) solutions across numerous enterprises, to promote the safety and security of assets and employees, is primarily driving the global physical security information management market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of physical security information management software, as it remotely enhances the efficiency and effectiveness of security operations by enabling personnel to identify and proactively resolve emergencies in real- time.

Based on the type, the global physical security information management market can be categorized into solutions and services, where solutions exhibit clear dominance in the market.

Based on the deployment mode, the global physical security information management market has been segmented into on-premises and cloud-based. Currently, on-premises represent the largest market share.

Based on the end use industry, the global physical security information management market can be bifurcated into BFSI, transportation and logistics, government and defense, retail, energy and utilities, and others. Among these, the government and defense sector accounts for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global physical security information management market include Advancis Software & Services GmbH, AxxonSoft, easypsim AG, ela-soft GmbH (Gretsch-Unitas GmbH), Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International PLC, Milestone Systems A/S (Canon Inc.), OCTOPUS Systems, Prysm Software, Qognify Inc., and Verint Systems Inc.

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Physical Security Information Management Market Report by Type (Solution, Services), Deployment Mode (On-premises, Cloud-based), End Use Industry (BFSI, Transportation and Logistics, Government and Defense, Retail, Energy and Utilities, and Others), and Region 2024-2032
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