Physical Security Information Management Market Trends

Physical Security Information Management Market Trends

The market is witnessing the increasing adoption of cloud-based solutions. Cloud-based physical security information management systems offer scalability, flexibility, and cost-effectiveness compared to traditional on-premises solutions. Organizations are leveraging cloud technology to access advanced security functionalities without the need for extensive infrastructure investment, aligning with the broader trend of digital transformation across industries.
 

For instance, in April 2024, Verkada and HiveWatch unveiled an integration, merging Verkada's cloud-based video and access control solutions with HiveWatch's Global Security Operations Center (GSOC) operating system. Through these combined forces, customers can efficiently manage multiple videos and access control feeds within a single platform without the need for additional hardware. This collaboration enhances scalability and boosts operational efficiency, offering a seamless experience for security management across various environments.
 

A notable growth shaping the landscape is the integration of AI and Machine Learning (ML) technologies. These advancements enable PSIM systems to analyze vast amounts of data from various sources, enhancing threat detection capabilities and automating response processes. By leveraging AI & ML algorithms, organizations can proactively identify anomalies, predict security incidents, and optimize resource allocation, thereby strengthening overall security posture and resilience against emerging threats.