India Physical Security Information Management (PSIM) Market to Grow at 15% during 2016 – 2021
Growing demand for centralized control systems coupled with increasing
focus of businesses towards the enhancement of incident management and
situational awareness for real-time situation management to drive India PSIM
market through 2021
According to the recently released TechSci Research
report, “India
Physical Security Information Management (PSIM) Market, By Software, By Service, Competition Forecast & Opportunities, 2011 – 2021”, the India Physical Security Information Management
(PSIM) market is anticipated to grow at a CAGR of over 15% during 2016 – 2021. Growth
in the market is anticipated on account of increasing demand for integrated IT
and physical security systems coupled with growing adoption in various end use
sectors such as defense, government, BFSI, aviation, transportation, energy,
mining & steel, etc. Moreover, favorable government initiatives such as
smart city and safe city projects coupled with growing requirement and adoption
of security solutions across the country is further expected to aid the PSIM
market in India. PSIM software and services enable the users to bridge the gap
between IT and security, and offer a reliable protection to them, their
buildings as well as personal databases.
Number of Smart Cities
under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) in India,
By Region
|
S. No.
|
Region
|
Number of Smart
Cities
|
|
1.
|
North
|
23
|
|
2.
|
South
|
26
|
|
3.
|
East
|
21
|
|
4.
|
West
|
3 |
Source:
Smart Cities Mission, Ministry of Urban Development, Government of India
Browse 9 market data Tables and 12
Figures spread through 80 Pages and an in-depth TOC on "India
Physical Security Information Management (PSIM) Market"
https://www.techsciresearch.com/report/india-physical-security-information-management-psim-market-by-software-security-integration-platform-advanced-video-management-and-command-control-platform-by-service-project-support-and-training-competition-forecast-opportunities/939.html
Security integration platform software accounted for the
largest share in India PSIM market in 2015, on account of increasing demand
from various end users. The software offers an open and real-time integration
to the systems, hence enabling the users to meet their organizational needs. It
also ensures a better connection among various applications, systems and
devices, thereby offering enhanced security to the organisation. Project
services are the most demanded type of PSIM services in India as they help in
delivering cost-effective and innovative solutions to various control room
integration projects. Some of the major companies operating in India PSIM
market are Verint, Qognify, Tyco, CNL Software, i2v Systems, and others.
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“Over the past few years, the demand for centralised control
systems has witnessed an increase in India as these systems help in offering
safe & secure services to the users and can be easily deployed. Since PSIM
acts as a centralized security solution for various organisations through which
they can evaluate & report the security threats and gather data from
various disparate systems, its market has also witnessed an increase in India
over the past few years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Physical Security Information Management (PSIM) Market, By Software,
By Service, Competition Forecast & Opportunities, 2011 – 2021” has evaluated the future
growth potential of India Physical Security Information Management (PSIM) market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India Physical Security Information Management (PSIM) market.
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