Physical Security Information Management Market - Opportunities and Forecast, 2016 - 2020


Technavio Announces the Publication of its Research Report – Global Physical Security Information Management Market 2016-2020

Technavio recognizes the following companies as the key players in the global physical security information management market: CNL Software, Qognify, Tyco International, and VidSys.

Other Prominent Vendors in the market are: AxxonSoft, Genetec, Intergraph, Kentima, Mer, Milestone Systems, Verint Systems, and videoNEXT Network Solutions.

Commenting on the report, an analyst from Technavio’s team said: “Integration of social media into PSIM will be a major trend in this market. Social media has given the PSIM operator a new source of data. Social media keyword prevalence, account management, and hashtag monitoring can give the PSIM operator a direct connection with people and their daily activities. Social media platforms such as Facebook, Twitter, and LinkedIn are often referred to as “social data conduits” in the security industry. They offer information streams that can be integrated into the real-time framework of PSIM platforms.”

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According to the report, one driver leading to the growth of this market is the use of mobile technology in PSIM. Mobile technology in PSIMs is likely to become mainstream as users become more accustomed to using apps to accomplish their daily tasks. Mobile apps that leverage the capabilities of smartphones can notify responders of events and keep security operations up-to-date with pictures and streamed video.

Further, the report states that the high total cost of ownership of PSIM solutions will be a major factor inhibiting this market’s growth prospects. PSIMs solutions require high initial investments for setting up the IT infrastructure in organizations and for hiring experts to optimize and deploy the solutions. The cost for setting...