Physical Security Information Management (PSIM) Market: By Deployment (On-premise and Cloud), By Solution (Software and Service), By End User (Banking, Financial Services and Insurance (BFSI), Transportation and Logistics, Government and Defense, Industrial Manufacturing, Healthcare, IT and Telecom, Energy and Utility and Other End Users) and Geography  

Physical Security Information Management (PSIM) Market estimated to be valued US$ 452.5 Mn in 2022 and poised to grow at significant CAGR of 15.1% over 2023-2029. Increasing government initiatives for smart cities, growing demand for centralized control systems, rising adoption of PSIM in various end-use sectors and surging demand for sophisticated organizational security are some key factors fostering the market growth. However, high cost of deployment & integration and rising penetration of rival software solutions are the factors inhibiting the market growth. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global physical security information management (PSIM) products. Global market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in May 2019, Evoteq partnered with Johnson Controls to introduce an end-to-end integrated Artificial Intelligence platform to create smart buildings and districts.