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Global Physical Security Information Management Market Assessment

  • March 2014
  • 146 pages
  • Frost & Sullivan
Report ID: 2057238

Summary

Table of Contents

Exponential Market Growth can Only be Achieved through Strong Partnerships

Executive Summary

•Frost & Sullivan research indicates strong market growth from a period of 2012 to 2022 at a compound annual growth rate (CAGR) of xx%.
•Market revenue is anticipated to increase from $xx million in 2012 to $xx million in 2022.
•Mass transport, commercial, safe cities, and first responders are the prime revenue generators on the physical security information management (PSIM) market.
•The main drivers in this market are business process improvements through compliance to regulations and standards, capabilities of the system, and a PSIM-educated market.
•The biggest restraints for PSIM are the temporary disruption to business processes, limited cliental, and disinformation in the industry.
•PSIM revenue is currently primarily influenced by North America, Western Europe, and the Middle East.
•Frost & Sullivan anticipates Western Europe, India, China, and the Middle East to increase their market share by the end of the forecast period.
•It is anticipated that commercial, mass transport, and government will become the prime revenue generators by the end of the forecast period.
•The PSIM market is split into xx levels, with PSIM-lite occupying the bottom, PSIM occupying the middle level, and systems integrators occupying the top level.

CEO’s Perspective

Customers still lack an understanding of the benefits and capabilities of a true PSIM solution, which makes them hesitant to install this type of solution.
Information management (IM) drives the market more than physical security does. There is a possibility of a new trend of PSIM named PS plus IM.
An improvement in customer–vendor relationships is crucial for future success. Making the PSIM solution easy to use and deploy is a strength for a company that can do it properly.
This industry makes it hard to reach many customers because PSIM is just a small element of larger security projects. It is essential to establish strong partnership networks.
Video management systems (VMS) and access control systems (ACS) vendors misleadingly claim that their products contain PSIM features, thus competing with PSIM vendors. This hinders PSIM market growth.

Definitions

•PSIM is a commercial off-the-shelf software that integrates security deployments in a particular physical destination. Its main role is to collect, correlate, illustrate, rule, and analyse data. It also allows customers to tailor the software according to their specific needs.
oStudy period: 2012 to 2022
oBase year: 2012
oForecast period: 2013 to 2022
oShort term: 1 to 2 years
oMedium term: 3 to 4 years
oLong term: 5 to 10 years
•Research Methodology Used:
Primary research, Frost & Sullivan published research services, secondary research, annual studies, company presentations, and case studies.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
Which market segment is currently the most attractive, and how will that change in the future?
What are the main driving forces that make the market attractive? What forces are restraining the market from developing even further?
How is the market structured? What are the true PSIM providers, and what types of other companies are involved in this market?
Which regions of the world have currently adopted PSIM solutions, and how will that change in the future?
What is the future of the PSIM solution?

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