Reportstack Announces the Publication of its Research Report - Physical Security Information Management (PSIM) Market in the APAC Region 2014-2018. The following companies are the key players in Physical Security Information Management (PSIM) Market in the APAC Region: CNL Software Ltd., NICE Systems Ltd., Tyco International Ltd. (Proximex Corp.), VidSys Inc., AxxonSoft Ltd., Genetec Inc., Intergraph Corp., Mer Inc., Milestone Systems A/S, PRYSM SOFTWARE Ltd., S2 Security Corp., Verint Systems Inc., videoNEXT Network Solutions Inc.
“The PSIM market in the APAC region is witnessing increase in the acceptance of PSIM solutions among large corporates across the region. Although governments of different countries were the largest end-user of PSIM solutions in 2013, PSIM solutions were largely accepted by corporates in the region. The fact that PSIM, though expensive, gives quick ROI (12 to 18 months) is increasing its penetration in among the large corporate entities. However, smaller entities still lack awareness and capital to invest in PSIM, which will affect the market revenue during the forecast period.”
According to the report, the increasing number of smart cities in the APAC region is one of the main drivers. The APAC region is witnessing tremendous growth in the development of smart cities in China, India, Australia, and South Korea. The easy deployment and management features of PSIM solutions are increasing their adoption in these smart cities.
Further, the report states that the increasing popularity of VMS is one major challenge. The Global Security market is witnessing an increase in VMS popularity after the introduction of unified VMS solutions, which inhibits the growth of the PSIM market in the APAC region.
Further, the report states that the increasing popularity of VMS is one major challenge. The Global Security market is witnessing an increase in VMS popularity after the introduction of unified VMS solutions, which inhibits the growth of the PSIM market in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/155803/physical-security-information-management-psim-market-in-the-apac-region-2014-2018-.html
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