The North America Physical Security Information Management (PSIM) Market would witness market growth of 13.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Physical Security Information Management (PSIM) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.16 billion by 2031. The Canada market is experiencing a CAGR of 16.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.3% during (2024 - 2031).
The market is focused on providing comprehensive software platforms designed to integrate and manage various physical security systems and devices within a single interface. Organizations utilize PSIM solutions to streamline security operations, enhance situational awareness, and improve incident response capabilities.
Additionally, PSIM's applications are diverse and versatile, catering to the needs of various industries and organizations. One of the primary applications of PSIM is to provide a centralized platform for monitoring and managing multiple security systems and devices.
As the healthcare sector in Canada expands to meet the growing needs of an ageing population and increasing healthcare demands, there will be a corresponding increase in the demand for security solutions, including PSIM. Healthcare facilities such as hospitals, clinics, long-term care facilities, and research institutions will require advanced security management systems to protect patients, staff, medical equipment, pharmaceuticals, and sensitive data.
Based on Offering, the market is segmented into Software (Video Management, Access Control, Fire Safety & Alarms, Intrusion Detection Management, GIS Mapping System, and HVAC), and Services. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Deployment Mode, the market is segmented into Cloud, and On-Premises. Based on Vertical, the market is segmented into BFSI, Government, IT & ITeS, Healthcare, Transportation & Logistics, Residential, Retail & eCommerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Physical Security Information Management (PSIM) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.16 billion by 2031. The Canada market is experiencing a CAGR of 16.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.3% during (2024 - 2031).
The market is focused on providing comprehensive software platforms designed to integrate and manage various physical security systems and devices within a single interface. Organizations utilize PSIM solutions to streamline security operations, enhance situational awareness, and improve incident response capabilities.
Additionally, PSIM's applications are diverse and versatile, catering to the needs of various industries and organizations. One of the primary applications of PSIM is to provide a centralized platform for monitoring and managing multiple security systems and devices.
As the healthcare sector in Canada expands to meet the growing needs of an ageing population and increasing healthcare demands, there will be a corresponding increase in the demand for security solutions, including PSIM. Healthcare facilities such as hospitals, clinics, long-term care facilities, and research institutions will require advanced security management systems to protect patients, staff, medical equipment, pharmaceuticals, and sensitive data.
Based on Offering, the market is segmented into Software (Video Management, Access Control, Fire Safety & Alarms, Intrusion Detection Management, GIS Mapping System, and HVAC), and Services. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Deployment Mode, the market is segmented into Cloud, and On-Premises. Based on Vertical, the market is segmented into BFSI, Government, IT & ITeS, Healthcare, Transportation & Logistics, Residential, Retail & eCommerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Hexagon AB
- Honeywell International, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Everbridge, Inc.
- AxxonSoft
- Genetec, Inc.
- Advancis Software & Services GmbH
- Entelec Control Systems
- Verint Systems, Inc.
- Prysm Software (Vitaprotech group)
Market Report Segmentation
By Offering- Software
- Video Management
- Access Control
- Fire Safety & Alarms
- Intrusion Detection Management
- GIS Mapping System
- HVAC
- Services
- Large Enterprises
- SMEs
- Cloud
- On-Premises
- BFSI
- Government
- IT & ITeS
- Healthcare
- Transportation & Logistics
- Residential
- Retail & eCommerce
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Physical Security Information Management (PSIM) Market by Offering
Chapter 5. North America Physical Security Information Management (PSIM) Market by Organization Size
Chapter 6. North America Physical Security Information Management (PSIM) Market by Deployment Mode
Chapter 7. North America Physical Security Information Management (PSIM) Market by Vertical
Chapter 8. North America Physical Security Information Management (PSIM) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Hexagon AB
- Honeywell International, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Everbridge, Inc.
- AxxonSoft
- Genetec, Inc.
- Advancis Software & Services GmbH
- Entelec Control Systems
- Verint Systems, Inc.
- Prysm Software (Vitaprotech group)
Methodology
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