Physical Security Information Management Market Trends 2027
According to the latest report by IMARC Group, titled “Physical Security Information Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global physical security information management market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global physical security information management market reached a value of US$ 1,019.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2,419.3 Million by 2027 exhibiting a CAGR of 14.70% during 2022-2027.
Industry Overview and Application :
The PSIM system, also known as physical security information management, integrates several security and informational devices that are not connected to one another. It includes sensors, closed-circuit television cameras (CCTV), geographic information systems (GIS) mapping, access control systems, and network building solutions. Professionals can recognise and proactively address emergencies in real-time thanks to the PSIM system’s collection and correlating of events from current security devices. Numerous businesses are implementing PSIM solutions to improve their current security systems as a result of these advantages.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Physical Security Information Management Market Trends and Drivers:
The market is primarily driven by the increasing incidences of cybercrimes across the globe. In addition, the increasing adoption of PSIM systems across the oil and gas sector due to the high risk of burglaries, thefts, and explosions in oil refineries, represent another major growth-inducing factor.
Besides this, governments of numerous countries are deploying PSIM in city surveillance systems, municipalities, and traffic control solutions to keep track of suspicious events and improve the security of the public and working professionals. This, coupled with the rising adoption of electronic health record (EHR) software in the healthcare sector to protect the sensitive information of patients from unauthorized access, is contributing to the market growth.
Furthermore, as educational institutions collect and maintain confidential digital information about students, staff, courses, facilities, and fiscal activities, there has been a high risk of data and campus security infringement. As a result, these institutions are adopting PSIM software for advanced security.
|Physical Security Information Management Market Report Scope|
|Market size value in 2021||US$ 1,019.1 Million|
|Market forecast in 2027||US$ 2,419.3 Million|
|Growth Rate||CAGR of 14.70% from 2022 to 2027|
|Base year for estimation||2021|
Global Physical Security Information Management Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advancis Software & Services GmbH, AxxonSoft, easypsim AG, ela-soft GmbH (Gretsch-Unitas GmbH), Everbridge Inc., Genetec Inc., Hexagon AB, Johnson Controls International PLC, Milestone Systems A/S (Canon Inc.), OCTOPUS Systems, Prysm Software, Qognify Inc. and Verint Systems Inc.
The report has segmented the market on the basis of region, type, deployment mode and end use industry.
Breakup by Type:
Breakup by Deployment Mode:
Market Breakup by End Use Industry:
- Transportation and Logistics
- Government and Defense
- Energy and Utilities
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Choosing The Best uPVC Door Design
1. Door Styles
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3. Check the uPVC Profiles
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The New World Of Data-Driven Healthcare: Healthcare Market Intelligence
Data has become the most valuable resource to improve outcomes and performance across industries, including healthcare. The process of collecting, sorting, and analyzing data helps healthcare organizations find innovative ways to increase efficiencies, improve services, strengthen data protection, and implement advanced technologies. A solid understanding of healthcare market intelligence significantly affects healthcare organizations’ performance. As the industry pushes toward data-driven patient care, medical professionals at various levels need the education to utilize data appropriately and gain maximum benefits.
Market intelligence in the healthcare industry helps professionals understand data, determine results, and make evidence-based decisions. It helps evaluate data-gathering programs, interpret complex datasets, and raise the right questions from different sources.
Making Decisions Based on Data
Healthcare organizations primarily rely on data-driven processes to identify industry trends. Some essential data sources include the following:
- Patient Sentiment and Behavior Data: Improves patient service by reducing wait times, scheduling more nurses, or modifying processes based on patients’ experiences.
- Cost and Claims Data: Helps healthcare organizations reduce costs while operating more efficiently.
- Clinical Data: Anticipates preventable healthcare conditions and identifies patients’ risks for diseases before the symptoms appear.
- Research & Development Data: Provides valuable insights into new treatments and drugs and their efficacy.
Methods and Technologies in Data-Based Market Intelligence
Data is a precious resource for healthcare professionals and decision-makers. Healthcare market intelligence engineers merge computer models and real-world data to create new technologies, allowing healthcare experts to collect and contemplate more healthcare data at incredible speeds. These are the four analytics categories:
- Descriptive Analytics: Helps medical professionals answer queries based on data, such as calculating the number of patients hospitalized in a particular period.
- Diagnostic Analytics: Identifies the reasons why certain things happen, such as finding the risk factors for hospitalized patients.
- Predictive Analytics: Predicts possibilities, such as identifying the patients with the highest chances of repeat hospitalization.
- Prescriptive Analytics: Recommends actions to potentially amend the prediction, such as recommending preventive care to the highest-risk patients.
As data-driven healthcare evolves, medical professionals find new ways to collect different data types and use them to improve operations and patient outcomes.
Challenges in Healthcare Market Intelligence
Cybercrime is one of the biggest threats healthcare organizations are facing today. Alongside the increased role of data in market intelligence, the attempts to hijack data are also growing in number and severity. Minimizing and preventing data breaches is the biggest challenge, leading to increased emphasis on strengthening cybersecurity. Its goal is to make individuals, patients, and healthcare organizations feel safe.
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Lagging interoperability is another challenge when exchanging healthcare information. When healthcare market intelligence uses different methods and systems to collect and store data, sharing it between patients, payers, and healthcare providers and contemplating it to identify trends becomes challenging. Adopting standard methods of gathering information leads to enhanced process efficiency, reduced burden on healthcare professionals, and improved patient outcomes.
The awareness about collecting and managing personal data is growing. This fundamentally impacts the healthcare industry, especially as it shifts towards data-driven approaches and systems. However, that does not mean data-driven market intelligence is staggering in its initial stages itself. The healthcare industry needs to learn more from other sectors about how to avoid mistakes, set best practices, and create safe data ecosystems ready for regulations. That will ensure data security and privacy while maintaining the highest patient care levels.
Next Steps in the Market Intelligence Realm
Automation, machine learning, artificial intelligence, deep learning, intelligent algorithms, and neural networks support innovation and beat the healthcare industry’s challenges. The emphasis on data-driven healthcare market intelligence will continue growing as healthcare professionals find more ways to improve patient care with advanced technology. Always striving for superior information and greater innovation, the healthcare analytics industry harnesses the power of market intelligence and empowers professionals to make data-based decisions. It ultimately leads to improved care, cost, and quality.
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