Physical Security Information Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Physical Security Information Management (PSIM) Industry Overview

The Global Physical Security Information Management Market is fragmented. The solution provider depends on other value chain enablers, such as cloud service providers, which impact their revenue. Vendors with multiple functions and business units have a better market presence because they have a wider reach in the supply chain, which helps them provide their services. Johnson Controls International PLC, CNL Software Ltd, and Genetec Inc. are among the market's key players.

• September 2021 - Johnson Controls expanded its innovation capacity by adding body-worn cameras, autonomous robotics, and mail inspection solutions to its security portfolio. These innovative and smart peripheral solutions were developed in conjunction with the Johnson Controls OpenBlue Innovation Center. These innovations, integrated with the OpenBlue platform and Johnson Controls security solutions, will enhance the customers' ability to dynamically respond to emerging threats and improve the safety and productivity of their buildings.
• September 2021 - Changi Airport in Singapore collaborated with Gentec Inc. to implement security solutions for the airport's three-year security expansion and upgrade project. Such collaborations expand the possibilities for Physical Security Information Management solution integration.
• August 2021 - Advancis Software & Services GmbH has acquired Cruatech, an Irish software company specializing in physical security integration solutions.