Physical Security Information Management (PSIM) Market | Growing at a CAGR of 14.5% from 2019 to 2027
December 30, 2020
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The Physical Security Information Management (PSIM) market was valued at US$ 930.5 Mn in 2018 and expected to grow at a CAGR of 14.5% during the forecast period from 2019 to 2027.
Market Insights
Increased security breach worldwide will boost the demand for PSIM software market
Rising security concerns among enterprises worldwide will boost the demand for Physical Security Information Management market during the forecast period from 2019-2027. The market is majorly driven by an increasing need for centralized control for security solutions in the organizations. North America was the major value contributor in 2018 followed by Europe and the Asia Pacific.