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Drivers, restraints, and opportunities-
Rise in trend toward the Internet of Things, growth in demand for smart sensors in the automobile sector and for the development of smart cities have boosted the growth of the global smart sensor market. On the other hand, incorporating smart sensors in devices reduces the life of the devices, which restrains the market growth. Nevertheless, rise in adoption of wearable devices and innovative applications in the biomedical sector are anticipated to create innumerable opportunities in the near future.
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COVID-19 Scenarios:
The global lockdown has resulted in the shutdown of production and supply chain operations in the smart sensor industry.
Portland
Oregon
United-states
India
Hong-kong
United-kingdom
Texas
Pune
Maharashtra
America
David-correa
Eaton
Physical Security Information Management (PSIM) Market | Growing at a CAGR of 14.5% from 2019 to 2027
December 30, 2020 | by admin |
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.
Indonesia
United-states
India
America
Asia-pacific
Chris-smith
Tyco-international-ltd
Vidsys-inc
Genetec-inc
It-telecom
Hexagon-ab-intergraph-corporation
Software-ltd