PSIM Software Evolving into Situation Management and Command & Control Platforms

This article was written by Daphne Tomlinson of Tomlinson Business Research. PSIM, or Physical Security Information Management, is a category of software, created by middleware developers, which is designed to integrate multiple unconnected security applications and devices and control them through one comprehensive user interface. These solutions aimed at large facilities have been deployed to help secure a broad range of organizations, such as banks, utility companies, airports, transportation systems, major public buildings and the sites of Fortune 500 companies. Memoori’s 2014 Annual Report on the Physical Security Business estimates that PSIM sales were approximately $200m in 2014 and growing at around 20% per annum. It is therefore a relatively small market with high initial cost that is limiting its growth. Disruptive trends such as cloud computing, cybersecurity and the Internet of Things are driving profound IT changes across all industries, including the enterprise security market, creating opportunities and challenges for PSIM players. While the […]

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