What Is The Leading Driver Behind Rising Cybercrime Incidents Fueling The Growth Of The Physical Security Information Management (PSIM) Market Market Expansion in 2025

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Physical Security Information Management (PSIM) Industry Market Size Be by 2025?
The market for physical security information management (psim) has experienced swift growth in recent years. The market value, which is projected to be $1.7 billion in 2024, is expected to rise to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%. Factors such as the requirement for security integration, heightened security threats, regulatory obligations, the need to protect critical infrastructures, and drive for operational efficiency have contributed to this growth during the historical period.

What's the Long-Term Growth Forecast for the Physical Security Information Management (PSIM) Market Size Through 2029?
In the upcoming years, the market for physical security information management (psim) is poised for swift expansion, expected to reach a valuation of $3.58 billion in 2029, a compound annual growth rate (CAGR) of 16.4%. The growth during the prediction period can be linked to the increase in cybersecurity issues, IoT and smart city projects, worldwide urbanization patterns, emphasis on incident management and resilience, and corporate risk control. Key trends during the forecast timeframe encompass cooperation with third-party systems, cybersecurity protocols for PSIM platforms, adjustable and modular solutions, automation of incident response, and emphasis on user instruction and learning.

View the full report here:
https://www.thebusinessresearchcompany.com/report/physical-security-information-management-psim-global-market-report

What Are the Key Growth Drivers Fueling the Physical Security Information Management (PSIM) Market Expansion?
The growth of the physical security information management (PSIM) market is forecasted to be driven by the rising occurrences of cybercrime. Cybercrimes include illicit acts such as credit card , phishing attacks, and infections of systems and networks over the internet or via computer systems. PSIM aids in the enhancement and protection of these key networked systems and helps avert cybercrimes, thereby delivering security solutions to their clientele. For instance, the 2023 ASD Cyber Threat Report by the Australian Signals Directorate, an Australian federal agency, stated in November 2023 that ReportCyber received nearly 94,000 cybercrime reports in the 2022-23 fiscal year, representing a 23% increase from the previous year. As such, the escalating occurrences of cybercrime are triggering the expansion of the physical security information management (PSIM) market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10668&type=smp

What Are the Key Trends Driving Physical Security Information Management (PSIM) Market Growth?
The progression of the Internet of Things (IoT) is a major trend that is increasingly gaining traction in the physical security information management (PSIM) sector. Businesses involved in the PSIM niche are turning to advancements in IoT to retain their market standing. Take for instance, the Germany-based PSIM pioneer, Advancis; in March 2023, they launched the WinGuard X5, a PSIM software, coupled with the Advanced Identity Manager, also known as the AIM product. WinGuard X5 serves as an Open Integration Platform, linking several diverse security systems and providing a single user interface for operation. This software is often coined as a PSIM, or security and building management system, built entirely on the Advanced Open Platform (AOP). WinGuard allows seamless integration of security, building, and communication technologies across various segments. Furthermore, it provides monitoring and connectivity options for iOS and Android application devices to IoT devices and mobiles, offering cost-effective access control systems. AIM acts as a unified platform for established IT and access control systems, centralizing identity management. For consolidating multiple access, identification, and biometrics systems into one single framework, the Advanced Identification Manager emerges as the most suitable choice.

How Is the Physical Security Information Management (PSIM) Market Segmented?
The physical security information management (psim)market covered in this report is segmented -

1) By Type: Access Control Systems, Electronic Article Surveillance, Fire Detection Systems, Intrusion Detection Systems, Computer Aided Dispatch Systems, Other Types
2) By Deployment Mode: Cloud Based, On-Premises
3) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Energy And Utilities, Government And Defense, Transportation And Logistics, Retail, Other Industry Verticals

Subsegments:
1) By Access Control Systems: Key Card Access Systems, Biometric Access Control Systems, Mobile Access Control Solutions, Electronic Locks
2) By Electronic Article Surveillance: RFID-Based EAS Systems, Acousto-Magnetic EAS Systems, Electro-Magnetic EAS Systems
3) By Fire Detection Systems: Smoke Detectors, Heat Detectors, Flame Detectors, Fire Alarm Systems
4) By Intrusion Detection Systems: Motion Sensors, Window and Door Sensors, Glass Break Sensors, Video Surveillance Systems
5) By Computer Aided Dispatch Systems: CAD Software for Public Safety, Emergency Response Management Software, Resource Management Systems
6) By Other Types: Video Management Systems (VMS), Perimeter Security Systems, Environmental Monitoring Systems, Integration Platforms

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10668&type=smp

Which Companies Are Leading the Charge in Physical Security Information Management (PSIM) Market Innovation?
Major companies operating in the physical security information management (PSIM) market include CNL Software Ltd., Genetec Inc., VidSys Inc., Verint Systems Inc., NICE Systems Ltd., Johnson Controls International plc, Prysm Software Limited, AxxonSoft Limited, Milestone Systems A/S, Hexagon AB, Advancis Software & Services GmbH, VideoNEXT Network Solutions Inc., KapLogic Corporation, Everbridge Inc., Octopus System Pvt. Ltd., Qognify Inc., Kova Corporation, Pelco Incorporated, ASCVid Holdings LLC, Access Control Technologies, Mindtree Limited, Tyco Security Products, Quantum Secure Inc., Intergraph Corporation, Honeywell Security Group, Maxxess Systems Inc., Bosch Security Systems, Salient Systems Private Limited, Dahua Technology Co. Ltd., Proximex Corporation

Which Regions Are Leading the Global Physical Security Information Management (PSIM) Market in Revenue?
Europe was the largest region in the physical security information management (PSIM) market in 2024.Asia-Pacific region is expected to be the fastest-growing region in the global physical security information management (PSIM) market report during the forecast period. The regions covered in the physical security information management (PSIM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10668

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.