Physical Security Information Management Market — Outlook, Opportunity, Projects, Application and Company Analysis 2016–2024

The global demand for physical security information management solutions is on the rise owing to a number of factors. Among these, initiatives undertaken for the development of smart cities, especially in developing economies, and rising demand for centrally controlled disparate security systems are prominent ones.
Apart from this, rise in number of security breaches in organizations that handle, process, and manage critical business and consumer data is exhibiting demand for the deployment of several layers of security system. Physical security information management solutions display the capability to serve organizational security management requirements.
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The physical security information management market is primarily driven by the increasing value proposition achieved by the adoption of an integrated and intelligent platform and security system amongst enterprises in various industries. The alarming rise in security breaches in organizations managing business operations and critical consumer data has propelled the PSIM market.
The emergence of smart cities, coupled with the increasing focus of governments on reforms in urban development, has spurred the demand for end-to-end, IP-based PSIM solutions. In addition, several safe city programs by public organizations in developing economies have stimulated the demand for PSIM. The soaring need for security and monitoring of transportation activities in the logistics industry has accelerated the deployment of PSIM solutions, thereby boosting the market.

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