Frost & Sullivan: Compliance to Standard Operating Procedures will Fuel Uptake of PSIM Software

Frost & Sullivan: Compliance to StandardFrost & Sullivan: Compliance to Standard Operating Procedures will Fuel Uptake of PSIM Software PR Newswire LONDON, April 10, 2014 -- Strong partnerships with system integrators will be crucial for sustained growth The global demand for physical security information management (PSIM) software is growing rapidly due to its ability to connect standalone security systems. This enables smoother business operations, improved situational awareness and response capabilities, and significantly reduces costs by maximising the potential of the deployed systems. The market will continue to expand due to increasing end-user awareness on the benefits of PSIM software and the development of Internet protocol infrastructure that allows these solutions to be used almost anywhere. New analysis from Frost & Sullivan, Global Physical Security Information Management Market Assessment, finds that the market earned revenues of $195.7 million in 2013 and estimates this to rocket up to $835.6 million in 2022. The study covers the application segments of mass transport, commercial, safe cities and first responders, government, oil and gas, utilities, and border and maritime. Safe cities and first responders, mass transport, and commercial are currently the key revenue-generating segments.