North America Physical Security Information Management (PSIM) Market is expected to grow at a healthy CAGR in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
North America physical security information management (PSIM) market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to raising demand for protection against terrorism. In additionally; increased demand of cloud-computing platform is another factor that influences the market growth in the coming future.
The market has witness developments in terms of merger and acquisitions, partnerships or product launches that expand the product portfolio for the customers. The company focusing to meets the rising demand of innovative technology which helps the companies to sustain their position in the market. For instance,In May 2019, Johnson Controls, a provider of intelligent technology introduced the cloud support for event management system and enterprise access control. Deployment of C-CURE 9000 in the cloud will allow the end user and integrators to control the top cloud service providers such as Amazon Web Services, Google and Microsoft Azure. It offer business stability possibilities and also minimizes maintenance as well as server infrastructure cost. The development will help the customers to enhance the service and support experience which will automatically results in customer retention and maximization.
Siemens is dominating player in the physical security information management (PSIM) market. The other key players existing in the market includes AxxonSoft, Johnson Controls, Bold Group, Qognify Ltd., CNL Software, STANLEY Convergent Security Solutions, Inc., HEXAGON, Network Harbor, AlertEnterprise, Nanodems, ProTech Security, HID Global Corporation/ASSA ABLOY AB, Genetec Inc., Aventura Technologies, Inc., and Saab AB among others.
Siemens headquartered in Munich, Germany which was founded on 1847. The company performs its business in power and gas, energy management, building technologies, mobility, digital factory, process industry and drives, siemens healthineers, siemens gamesa renewable energy, financial services segments.
In May 2017, Siemens building technologies, a division of the group released a new technology in the surveillance security portfolio in the North American market known as Surveillance Viewpoint. The system is designed for physical security information management purpose which will simplify the security information management. System is designed for the large infrastructures applications such as data centers, industrial manufacturing, energy suppliers, multi-site companies, administrative buildings and airports. The product launched will ultimately help the company to increase its customer base and goodwill of the company.
The company has wide presences across the globe such as Europe, Asia-Pacific, Middle East & Africa, North America, and South America.
AxxonSoft headquartered in California, U.S which was founded on 2003. The company offers various software systems for the physical security information management and video management which will provide safety and security.
The company has wide presence across the globe such as Asia-Pacific, Europe, Middle East & Africa, South America, and North America
In July 2019, AxxonSoft, a developer of security system joined with QSAN for a storage partner to develop the new line of products. The partnership is formed to face the new challenges regarding the retrieval, retention and data analysis present in the security and surveillance market. The company will develop and provide the advanced product and service to overcome the challenges in surveillance market.
Johnson Controls is headquartered in Wisconsin, U.S. and was incorported on 1885. The company performs its business through carrier, enterprise, and consumer segments. The company performs its business across the globe such as Asia-Pacific, Europe, Middle East & Africa, South America, and North America. The company also generates revenue through subsidiaries such as Borg Instruments AG (Germany), Commer 1 S.r.l. (Italy), Hoover Universal, Inc. (Michigan), Johnson Control SpA (Italy), Johnson Controls Ltd. (UK) and others.
In December 2018, Johnson Controls, a provider of intelligent technology entered into a partnership with the civic technologies. The software of the civic technologies named as civic secure ID platform (SIP) will be integrated with C-CURE 9000 security and event management systems. The partnership will help company to improve the solutions used for the security. The company will strengthen their product portfolio as well as its position in securing access technology.