PSIM market to grow, report says

Friday, December 28, 2012

NAPERVILLE, Ill.—A new report prepared by market analysts at TechNavio says the global Physical Security Information Management (PSIM) market is expected to grow at a CAGR of 30.34 percent over the period 2011-2015.

Key factors contributing to market growth, according to the report, [ include the increasing number of “smart cities,” and the higher rate of market consolidation.

A factor that could pose a challenge to such growth is the “interoperability across multiple security devices.

TechNavio’s report, which covers the Americas, and the EMEA and APAC regions, also includes a discussion among key vendors operating in the market.