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PSIM market for situational awareness
New report examines the use of Physical Security Information Management Systems (PSIM) globally for situational awareness.
Physical Security Information Management (PSIM) systems collate inputs from a wide range of sources and enable decisions to be made based on the combined condition of eg alarms and surveillance cameras.
The use of PSIM for situational awareness systems is a natural choice and is gaining ground in many industries, particularly in complex security environments, anti-terrorism applications and traffic management. All of these applications and others are examined in a new report released by Research and Markets which examines the predicted use of PSIM software globally to 2020.
With a forecast of over 168 billion dollars in revenue by 2020, significant growth is expected over all the relevant applications, particularly in defence and security. Whilst traffic management features less in the forecast, it is nonetheless a significant growth area due to the increasing uptake of Intelligent Transport Systems which introduce challenges of complexity in terms of the amount of data handled to the task of managing traffic flow.
Geographically, the USA accounts for around 60% of the revenue share in the Americas with India leading growth rates amongst other counntries with the highest CAGR from 2014 to 2020.
The report is available for purchase here: “Situation Awareness System Market”