Analysis of the Worldwide Physical Security Information Management Market

Physical Security Information Management (PSIM) software is a technology category in the physical security sector. It is the unique combination of video management for security and surveillance applications along with situation (incident and event) management. Whilst the standardization process gains momentum the need to provide customized solutions will remain dominant in the market. The worldwide PSIM market is expected to grow from $80 million in 2009 to $544 million in 2015, with a Compound Annual Growth Rate (CAGR) of 37%. There is a mix of companies which are either very strong in “pure” PSIM solutions and others that are adding functionalities to a basic Video Management Software (VMS).

This Frost & Sullivan research service titled Analysis of the Worldwide Physical Security Information Management Market offers revenues forecasts, analysis of drivers and restraints and an in-depth examination of the competitive environment.

This analysis is available through our Automatic Identification & Security Growth Partnership Service programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.

Market Overview

Greater Sophistication Paralleled by Declining Costs Boosts the Popularity of Physical Security Information Management

Physical security information management (PSIM) offers a unique combination of video management, along with situation (incident and event) management for security and surveillance applications. “While PSIM is seeing a higher degree of customisation, coupled with increased connectivity, many market participants believe that PSIM functionality can or should be created with off-the-shelf software and not by customisation options,” notes the analyst of this research. “It is anticipated that while the standardisation process gains momentum, the need to provide customised solutions will remain dominant in the market.”

Software development and processor power have accelerated the adoption of PSIM. Today, the majority of the deployments are made mainly at maritime and airports, critical infrastructure, for homeland security and for law enforcement applications. Declining costs and greater sophistication are boosting the adoption of PSIM. The advanced use of wizards and plug-and-play technology makes PSIM solutions viable for large- and medium-sized organisations. As a result, PSIM has extended its boundaries from being limited to critical infrastructure protection and homeland security to the larger corporate market.

Multiple Challenges Notwithstanding, the Market Set to Forge Ahead

The migration of physical security technologies from analogue to IP is enabling easier communication, further fuelling the increased usage of PSIM. At the same time, the increasing recognition of its benefits among both security-critical sectors and non security-critical ones is boosting the prospects of PSIM. “Heightened competition is leading to a fall in price–inevitably more competitors means that this technology is becoming more accessible to a wider range of customers,” adds the analyst. “CNL, VidSys, Proximex and NICE, with the acquisition of Orsus, are the clear market leaders at the moment and have a real stronghold in the market; these companies are driving adoption and acceptance in the market”.

Ensuring interoperability across different vendors’ devices/systems remains a challenge for the market. The physical security market as a whole lacks common, open standards. Thus, virtually, any deployment requires the development of new drivers, for integrating the various systems. “However the first steps towards increasing standardization are currently being made in the market from organizations such as ONVIF and PSIA,” comments the analyst. “The capability to intelligently analyse and cross reference incoming data represents yet another challenge; with some exceptions, PSIM systems, even today, still process individual alarms.” Despite these challenges, the outlook for the market is bullish. As the traditional command centre solution providers have started accepting PSIM and end-users are starting to demand it; PSIM is emerging as a rapidly growing technology category promising increased year-on-year revenues.

- 1. Executive Summary
- - 1.1 Market at a Glance
- - 1.2 PSIM Market Life Cycle Analysis
- - 1.3 Quick Threat Detection and Unified User Interface Attracts more PSIM Users

- 2. Physical Security Information Management Market
- - 2.1 PSIM: Unique Combination of Video Management and Surveillance Applications with Situation Management
- - 2.2 Drivers and Restraints: Government Regulations and Technological Migrations Drive the PSIM Market
- - 2.3 Drivers: Falling Cost and More Sophisticated Solutions Boost the PSIM Market
- - 2.4 Challenges: PSIM Facing Challenges to Ensure Interoperability across Devices/Systems
- - 2.5 Revenue Forecasts: Plotting the Future Market for PSIM
- - 2.6 Regions to be Tapped by PSIM in the Near Future
- - 2.7 PSIM Software Integrates Several Logical and Physical Systems into a Single Command and Control Interface
- - 2.8 Open Platform as a Critical Element for Seamless Integration
- - 2.9 PSIM Is Not Just About Technical Integration
- - 2.10 PSIM -A Complete Situation Awareness and Management Solution
- - 2.11 PSIM + SIEM to Guarantee a Full Correlation Between Cyber and Physical Activities and Threats

- 3. Competitive Environment
- - 3.1 PSIM Market Participants’ Analysis
- - 3.2 PSIM Market –Tier 1 Companies
- - 3.3 PSIM Market –Tier 2 Companies
- - 3.4 PSIM Market –Tier 3 Companies
- - 3.5 MerSecurity –At a Glance
- - 3.6 PSIM Securing 63 Sites of the 2004 Athens Olympic Games
- - 3.7 VidSys–At a Glance
- - 3.8 VidSysSuccess Stories
- - 3.9 NICE Systems Ltd. –At a Glance
- - 3.10 PSIM Reducing Reporting Time in Ports by 50 percent
- - 3.11 Computer Network Limited (CNL) –At a Glance
- - 3.12 PSIM Ensuring Better Visibility of Threats Across 26 Sites for IBM UK
- - 3.13 PSIM Securing a Significant Proportion of Kuwait’s Oil Refining
- - 3.14 Proximex–At a Glance
- - 3.15 Proximex Success Stories
- - 3.16 Main Vendors –Comparison

- 4. About Frost & Sullivan
- - 4.1 Who is Frost & Sullivan
- - 4.2 What Makes Us Unique
- - 4.3 T.E.A.M. Methodology
- - 4.4 Global Perspective

List of Figures
- PSIM Market: Revenue Forecasts (World), 2009-2015
- PSIM Market: Technology Comparison (World), 2009
- PSIM Market: Vendors’ Specifications (World), 2009

List Of Charts
- PSIM Market: Selected Companies (World), 2009
- PSIM Market: Revenue Forecasts (World), 2009, 2012 and 2015
- PSIM Market: Life Cycle (World), 2009
- PSIM Market: Market Drivers and Restraints (World), 2010-2015
- PSIM Market: Revenue Forecasts (World), 2009-2015
- PSIM Market: Geographic Present and Future Uptake (World), 2009-2015
- PSIM Market: Sample of Systems Integrated (World), 2009
- PSIM Market: Eight Essential Components for PSIM (World), 2009
- PSIM Market: Five Traits of PSIM (World), 2009
- PSIM Market: Technology Comparison with SIEM (World), 2009
- PSIM Market: Company Ranking (World), 2009
- PSIM Market: Tier 1 Companies (World), 2009
- PSIM Market: Tier 2 Companies (World), 2009
- PSIM Market: Tier 3 Companies (World), 2009

Order Online - visit http://www.researchandmarkets.com/reports/1582661

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.