Credence Research

The latest market report published by  Credence Research, Inc . The global   physical security information management market   is growing proficiently, projected to grow at a CAGR of 14.5% during the estimated period from 2019 to 2027, starting from US$ 930.5 Mn in 2018. The global market for Physical Security Information Management (PSIM) is rapidly expanding, fueled by increasing security concerns and the integration of digital technology in safeguarding physical assets. PSIM, a software solution that integrates various unconnected security devices and applications, is becoming a pivotal part of modern security infrastructure, streamlining incident management and boosting situational awareness. Driving Factors Several factors contribute to the soaring demand for PSIM solutions: Rising Threat Landscape:  With increasing cases of physical security breaches, vandalism, and terrorist attacks worldwide, organizations are seeking efficient and consolidated security manag...