USD 3.44 Billion
Physical Security Information Management Market Size, Share, and Growth Analysis
Physical Security Information Management Market By Offering(Software (Access Control, Video Management, Intrusion Detection Management, Fire Safety & Alarms), By Deployment Mode(On-Premises, Cloud), By Organization Size(SMEs, Large Enterprises), By Vertical(BFSI, IT & ITeS, Government, Healthcare), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45A2345 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
92
|Figures:
74
Format -
Physical Security Information Management Market Insights
Physical Security Information Management Market size was valued at USD 3.44 Billion in 2023 and is poised to grow from USD 3.59 Billion in 2024 to USD 5.03 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).
Organizations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access; further driving the demand for physical security solutions. The physical security environment continues to evolve globally. During the past few years, numerous sectors and leading industries such as BFSI, residential, government, and transport, among others have witnessed a swift growth in the number of security breaches.
Furthermore, the growing concerns to ensure the safety of resources, people, and vital assets, against physical threats and unique vulnerabilities are anticipated to become major factors driving the need for a robust security environment. Moreover, rising threat incidents have surged the need to strengthen efforts to maintain a highly secured physical infrastructure at residential as well as business premises.
The Internet of Things is an evolving and advanced technology that helps send and receive data from Internet-enabled devices. Moreover, integrating PSIM with IoT presents lucrative opportunities to extend solution and service offerings and develop enhanced security solutions. In addition, combining the Internet of Things with PSIM offers advanced connectivity to diverse security systems, such as sensors, video surveillance cameras, access control systems, and other security systems, such as alarm systems. Integrating artificial intelligence (AI) and machine learning (ML) into security systems not only enhances the ability to detect threats but also simplifies response planning and moreover, there is increasing emphasis on it to enhance the user experience through flexible interaction and seamless mobile integration.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Large Enterprises
Fastest Growth
Small & Medium Sized Enterprises
Growth Rate
4.3% CAGR
Global Physical Security Information Management Market ($ Bn)
Country Share for North America Region (%)
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Physical Security Information Management Market Segments Analysis
Global Physical Security Information Management (PSIM) Market is segmented by Offering, Deployment Mode, Organization Size, Vertical and Region. Based on Offering, the market is segmented into Software (Access Control, Video Management, Intrusion Detection Management, Fire Safety & Alarms, GIS Mapping Systems, and HVAC), and Services. Based on Deployment Mode, the market is segmented into On-Premises, and Cloud. Based on Organization Size, the market is segmented into SMEs and Large Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Government, Healthcare, Retail & eCommerce, Residential, Transportation & Logistics, and Other Verticals. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Organization Size
As per the global physical security information management market forecast, the large enterprise segment accounted for the largest revenue share in 2023. The growth is driven by driven by the increasing complexity and scale of their security needs. As these organizations expand across the globe and operate in multiple locations, they need advanced PSIM solutions to integrate and manage multiple security systems and databases from their operations. Large enterprises invest in PSIM systems that provide strong integration capabilities. This integration is essential for a comprehensive view of the security systems that can be integrated into one coordinated platform, improving incident response time.
The small and medium enterprises segment is expected to grow significantly over the forecast period. SMEs may prefer a PSIM system that enables cost-effective purchasing without compromising efficiency. Providers are developing flexible and cost-effective PSIM solutions to match the desires of small companies, allowing them to launch and amplify assets. Moreover, SMEs are integrating cybersecurity with their physical security management through PSIM systems with the growing danger of cyberattacks. They combine cybersecurity with their bodily safety features through the systems. This approach helps defend in the opposition to bodily and virtual threats, providing a complete protection solution.
Analysis by Application
As per the global physical security information management market analysis, the access control segment accounted for the largest revenue share in 2023. The access control segment accounted for the largest revenue in 2023, driven by the growing security concerns and the need for sophisticated security measures followed by the growth of smart buildings and integration of IoT devices. Increased use of advanced technologies such as integrated access systems is due to investments in these systems that enhance safety and security to reduce risks, comply with strict regulations, ensuring strict protection of sensitive areas.
According to the global physical security information management market outlook, the video management segment is predicted to witness significant growth during the forecast period. Advances in AI and machine learning enable VMS solutions to enable sophisticated analytics, such as facial recognition, anomaly detection, and behavioral analysis, to improve effective security. Additionally, the growing importance of comprehensive security solutions in both the public and private sectors is accelerating the adoption of VMS, reinforcing its role as an integral part of today's security infrastructure. Increasingly high-resolution cameras and VMS integration with other security technologies contribute to its development.
Global Physical Security Information Management Market By Organization Size (%)
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Physical Security Information Management Market Regional Insights
North America is the dominant region in the market. Organizations are prioritizing robust security measures to protect sensitive data and systems with the increasing frequency and sophistication of cyber threats. Stringent regulatory requirements and a high level of infrastructure development, including smart cities and critical facilities, further propel the demand for sophisticated PSIM systems. The region's growth is fueled by its high adoption rate of cutting-edge solutions, including AI-driven analytics, integrated surveillance systems, and smart infrastructure. These trends include the integration of advanced encryption protocols, intrusion detection systems, and other cybersecurity features into PSIM platforms to protect against cyber-attacks and data breaches.
The Asia Pacific region in the physical security information management industry is experiencing rapid growth. The region's burgeoning economies are investing heavily in smart city projects, transportation networks, and critical infrastructure, driving the demand for advanced PSIM solutions. These solutions offer improved surveillance, threat detection, and incident management enhanced by the proliferation of IoT devices and the adoption of AI-driven technologies. Furthermore, increasing geopolitical tensions, the need to improve security in densely populated urban areas drive the market growth and APAC's aim to modernize the security infrastructure.
Global Physical Security Information Management Market By Geography
- Largest
- Fastest
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Physical Security Information Management Market Dynamics
Drivers
Technological Advancements Drive the Market Growth
-
Rapid advancement in technologies such as AI, LiDAR and ICT propelled growth of physical security information management market. AI & machine learning algorithms allow predictive analytic and automated threat detection, allowing for quicker and more accurate responses to security incidents. LiDAR technology enhances accuracy of intrusion detection system by providing detailed 3D mapping & realtime object tracking.
Rising Need for Integrated Security Solutions
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The increasing complexity of the security environment underscores the need for security solutions that provide a unified approach to threat management. Physical security information management market solution addresses this challenge by integrating various security systems such as video surveillance, access control, and intrusion detection, into a single platform. Traditional security systems operate in silos, making it challenging to gain a comprehensive view of the security incidents.
Restraints
High Initial Cost along with Privacy Concerns
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The initial and maintenance costs of advanced security solutions, including high-resolution cameras, biometric devices, fire alarm systems, and access control systems, pose significant challenges for small and medium-sized enterprises (SMEs). Furthermore, existing security systems frequently need upgrades, such as network enhancements and robust power supply, further adding to the costs. These solutions often entail ongoing expenses such as software updates and equipment servicing.
High Costs and System Compatibility Issues
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Standalone security systems require updates to implement PSIM solutions. Moreover, the cost of updating these security systems is high, which discourages end customers from adopting PSIM solutions, mainly for small and medium size businesses. Hence, these factors are expected to hinder the global physical security information management market growth during the forecast period.
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Physical Security Information Management Market Competitive Landscape
The physical security information management market is characterized by fierce competition between established players and emerging manufacturers offering complete security solutions. Major companies such as Johnson Controls, Honeywell International and Siemens AG dominate the market by integrating advanced PSIM platforms with cutting-edge technologies. These platforms include video surveillance, access control and alarm systems. Integrate data from various added security systems in a centralized interface to ensure easy monitoring and fast response times.
Top Players in Physical Security Information Management Market
- Hexagon AB (Sweden)
- Honeywell (US)
- Hikvision (China)
- Everbridge (US)
- Axxonsoft (Ireland)
- Genetec (Canada)
- Advancis (Germany)
- Entelec (Belgium)
- Verint (US)
- Vidsys (US)
- Nanodems (US)
- Eagle Eye Networks (US)
- Bold Group (US)
- Primion (Germany)
- Persistent Sentinel (US)
- Prysm Software (France)
- SureView Systems (US)
- easypsim (Switzerland)
- Veracity Solutions (Scotland)
- AARMTech (India)
Recent Developments
- In March 2024, Access Information Management, the world’s largest privately held provider of integrated information services, announced the acquisition of Triyam, a fast-growing software company specializing in data management solutions for healthcare organizations.
- In August 2023, Advansys introduced its new vendor-specific information management (PSIM) software WinGuard X5, and Advanced Identity Manager (AIM).
- In September 2021, Johnson Controls expanded its innovation capabilities by adding body-worn cameras, autonomous robots and mail tracking solutions to its security segment, with those innovative solutions and remote intelligence.
Physical Security Information Management Key Market Trends
- Rapid Technological Advancements in Surveillance Systems and Biometrics: Ongoing advancements in surveillance systems, biometrics, and access control systems are propelling market growth. AI-integrated surveillance systems enable predictive analytics, helping security operators anticipate security threats. Innovations such as smart facial recognition, cloud computing, IoT connectivity, high-resolution cameras, and video analytics enable better monitoring and threat detection.
- Increase in Security Breach: Rise in the security concerns among businesses worldwide is expected to increase demand for the market during the forecast period. The market is majorly driven by the rise in need for security solutions in businesses. Growth in internet penetration worldwide leads to a greater number of security breaches, owing to which the demand for PSIM software solutions is rising globally.
Physical Security Information Management Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the physical security information management market is poised for significant growth, driven by the integration of advanced technologies such as the Internet of Things (IoT) and the growing need for advanced security solutions across industries. PSIM systems play an important role in protecting greater security by integrating and managing data from various security devices such as sensors, video surveillance cameras, access control systems, etc. This integration not only facilitates security operations but provides advanced capabilities to monitor and respond to security incidents. Increasing emphasis on smart city projects and government initiatives to enhance public safety are fueling the renewed adoption of PSIM solutions. These systems are necessary to meet the complex security needs of cities, where they contribute to the efficiency and effectiveness of city services.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.44 Billion |
| Market size value in 2032 | USD 5.03 Billion |
| Growth Rate | 4.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Physical Security Information Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Physical Security Information Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Physical Security Information Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Physical Security Information Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Physical Security Information Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Physical Security Information Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Physical Security Information Management Market Report Snapshots
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