The Worldwide Physical Security Information Management (PSIM) market size was assessed to be valued at USD 10. 902 billion in 2015 and is expected to reach USD 17. 621 billion by 2023, at a CAGR of 5. 5% between 2016 and 2027. The major factors driving the growth of the PSIM market are: growing security threats; growing Internet of Things (IoT) adoption; and growing cyber security awareness in the world.
As per the report, the PSIM market size is expected to reach USD 17. 621 billion by 2023, at a CAGR of 4. 5% during 2016-2027.
• High-end IoT devices;• High level of security awareness;• Growing cyber threats in the financial sector; and• Growing need for physical security from various market participants.
The report segments the global PSIM market on the basis of product type, application, and region. For geographic segmentation, the report includes breakdown of this market on the basis of applications and countries. Furthermore, major regions of the world are analysed in detail.
The global market for PSIM is expected to rise at an investment of 8. 1% CAGR by 2027. Furthermore, it is the fastest growing market across all of the application types.
The global market for network equipment is worth USD 2. 3 billion and is expected to rise at a CAGR of 5. 6% till 2023. The market is mainly driven by large-scale deployments of security monitoring devices in various IoT-based systems. The physical security equipment segment is expected to dominate the market during the forecast period.
Physical Security Information Management (PSIM) market size analysis and growth for 2021 to 2027
The physical security and information security market is estimated to expand at a healthy growth rate during the forecast period. The growth will be fueled by increased government initiatives like National Security Act and The Cyber Crime Act. Growth of the market will be further encouraged by increasing government funding for cyber security projects. Furthermore, enhanced IT security technology adoption in emerging markets and the growing demand for cyber crime and cyber security services from the public sector. The growth will be supported by the increase in government projects and the overall IT budget. On the other hand, the market growth is restrained by the high level of cyber security related expenses. Increasing cyber security related expenses of governments will challenge governments to establish and maintain their level of cyber security. This will drive the government spending to higher numbers. Also, the market size of cyber security and physical security will increase as IT spending and government cyber security spending increases. Physical security companies are expected to generate revenues via the sale of security systems and security services, and increasing the number of cyber security professionals. Other key drivers to the growth of the market include the increasing demand for physical security professionals and increased opportunities for cyber security professionals. Physical security professionals are expected to generate revenues via the sale of physical security technologies, systems, and solutions. The growth of the market is expected to be driven by the increased usage of IoT solutions, high security awareness, availability of cyber security professionals and growing opportunities for cyber security professionals.
Physical security is the area of security that protects physical assets, processes, and facilities, such as buildings, power plants, and vehicles. This can include access, security, and physical safeguards. Physical security includes physical security systems and measures, physical security technologies, and other physical security systems. Physical security is the technology that protects physical assets, processes, and facilities. Physical security systems protect physical assets and process. Physical security technologies help protect physical assets, such as buildings, power plants, and vehicles.
Physical security systems include physical security measures that prevent, monitor, detect, and/or eradicate physical attacks on those physical assets. Physical security systems and measures are implemented at facility sites and protect physical assets, such as buildings, power plants, and vehicles, from physical attacks or threats. Physical security technologies include systems and measures that protect physical assets and processes.
Physical Security Information Management (PSIM) Market: Type, Utilization, Key Drivers and Area
The physical security information management (PSIM) market is forecast to expand at a CAGR of 25.
The market value stood at USD 10,700. 5 million in 2018 and is expected to grow at a CAGR of 20. 1% during the forecast period.
The global PSIM market size is expected to reach USD 16,902. 8 million by 2022, growing at a CAGR of 13. 5% in the period 2017-2021.
In recent years, there have been increasing number of security vulnerabilities disclosed every few years. The number of vulnerabilities is expected to reach 2 billion by 2020, and up to 200 million by 2025. While the vulnerabilities are all related to software, many of them are actually not that important. But it is quite a challenge to detect, analyze, and fix vulnerabilities on a regular basis. Most vulnerabilities are very simple, in which a common attack, such as dictionary attack, is used to make a program open an infinite loop by using a command, like ‘while(!f(char))’ in C/C++, and another attack, often a heap manipulation attack, like ‘grep str ‘, is used to make a program crash or run out of memory. In this article, we discuss the various computer security problems and how to deal with these problems. We also discuss the software security problems as well as how to deal with these problems in the context of software security.
Introduction.
Lets see how common problems could be and how to deal with them.
First of all, lets use a simple example to consider the complexity of the solution. Suppose we have to make sure that there is no possibility of a password being reused. The following is a simple program.
Let’s look at the first line and the first line in the if statement.
Spread the loveThe Worldwide Physical Security Information Management (PSIM) market size was assessed to be valued at USD 10. 902 billion in 2015 and is expected to reach USD 17. 621 billion by 2023, at a CAGR of 5. 5% between 2016 and 2027. The major factors driving the growth of the PSIM market are:…
