London, 10 February 2015 – The Physical Security Information Management (PSIM) Market in EMEA Region is expected to post a CAGR of 16.7 percent from 2014-2019, according to a new report from research firm TechNavio.
About the Report
The latest report by TechNavio emphasizes end-users in the critical infrastructure and commercial sectors, which are spread across multiple geographies in the EMEA region. These users have a huge IT infrastructure distributed across multiple locations, which makes it difficult for network administrators to identify, locate and respond to network issues immediately.
“End-users are adopting PSIM software to help network administrators quickly identify faults in their security systems, thus saving both time and money,” says Faisal Ghaus, Vice President of TechNavio.
The new TechNavio report also draws attention to the development of global PSIM standards as a key trend expected to impact market growth.
“Organizations such as ONVIF and PSIA are working together to enhance PSIM solutions to global standards. These regulations are expected to place an emphasis on the standardization of communication and interoperability between IP-based products, and highlight a common protocol for exchanging information between network video devices including intelligence metadata, video streaming, and automatic device discovery,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increased Use of PSIM to Identify Network Issues
- For a full detailed list, view our report.
Market Challenges:
- Intense Competition among Vendors
- For a full detailed list, view our report.
Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
Key Vendors:
- CNL Software Ltd.
- NICE Systems Ltd.
- Tyco International Ltd.
- VidSys Inc.
Other Prominent Vendors:
- Axxon Soft
- Genetec
- Intergraph
- Milestone Systems
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
