Research and Markets (http://www.researchandmarkets.com/research/6zqj6m/physical_security)
has announced the addition of the "Asia-Pacific
Physical Security Information Management (PSIM) Market 2014-2018 with
CNL Software, NICE Systems, Tyco International Ltd. (Proximex Corp.) &
VidSys Dominating" report to their offering.
The PSIM market in the APAC region will grow at a CAGR of 42% percent
over the period 2013-2018.
The increasing number of smart cities in the APAC region is one of the
main drivers. The APAC region is witnessing tremendous growth in the
development of smart cities in China, India, Australia, and South Korea.
The easy deployment and management features of PSIM solutions are
increasing their adoption in these smart cities.
The PSIM market in the APAC region is witnessing increase in the
acceptance of PSIM solutions among large corporatesacross the region.
Although governments of different countries were the largest end-user of
PSIM solutions in 2013, PSIM solutions were largely accepted by
corporates in the region. The fact that PSIM, though expensive, gives
quick ROI (12 to 18 months) is increasing its penetration in among the
large corporate entities. However, smaller entities still lack awareness
and capital to invest in PSIM, which will affect the market revenue
during the forecast period.
Further, the report states that the increasing popularity of VMS is one
major challenge. The Global Security market is witnessing an increase in
VMS popularity after the introduction of unified VMS solutions, which
inhibits the growth of the PSIM market in the APAC region.
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For more information visit http://www.researchandmarkets.com/research/6zqj6m/physical_security
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