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US a strong player in global PSIM market to 2024

January 27, 2017Spencer Ives

ALBANY, N.Y.—A new report from Transparency Market Research projects that the global PSIM market will grow from $823 million in 2015 to about $3.8 billion by 2024, at an 18.7 percent CAGR, with the North American segment commanding a large presence throughout.“In the U.S., the market is largely driven by more demand for situation awareness,” Yogendra Chauhan, assistant manager—information and communication technologies with TMR, told Security Systems News. This is because...

Prasad Chougule, PSIM, Transparency Market Research, Yogendra Chauhan