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Physical Security Information Management Market Share

Report ID: GMI9834
Published Date: Jun 2024
Report Format: PDF

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Physical Security Information Management Market Share

Avigilon Corporation, Genetec Inc., and Honeywell International Inc. holds a significant market share of 25% in physical security information management industry, Avigilon Corporation distinguishes itself in the market through its focus on high-definition video surveillance solutions. Leveraging advanced video analytics and AI-powered technologies, the company offers comprehensive security solutions tailored to the needs of various industries including retail, transportation, and critical infrastructure.

Genetec Inc. stands out with its integrated security platform that encompasses video surveillance, access control, and Automatic License Plate Recognition (ALPR). Its emphasis on open architecture & interoperability enables seamless integration with third-party systems, providing customers with flexible and scalable security solutions tailored to their specific requirements.

Physical Security Information Management Market Companies

Major players operating in the physical security information management industry are:

Avigilon Corporation
AxxonSoft
CNL Software
Genetec Inc.
Honeywell International Inc.
Johnson Controls
Milestone Systems A/S
Qognigy (acquired by Hexagon)
Verint Systems Inc.
Vidsys, Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of physical security information management reached USD 2.8 billion in 2023 and is set to witness over 7% CAGR from 2024 to 2032, owing to the rising security threats, and increasing adoption of smart technologies.

The software component segment in the physical security information management industry accounted for 70% share in 2023, due to the rising need to enhance user experience and accessibility.

The BFSI application segment recorded 25% share in 2023, driven by the growing need to streamline operations by integrating diverse security systems, enhance threat detection, and optimize response capabilities.

North America market accounted for more than 33% share in 2023, led by the increasing frequency and sophistication of cyber threats.