DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n7t373/psim_market_in) has announced the addition of the "PSIM Market in the EMEA Region 2015-2019" report to their offering.
The PSIM market in the EMEA region to grow at a CAGR of 16.7% over the period 2014-2019
PSIM is a software platform, which is used for enhancing and automating the operations center management. PSIM makes integration of multiple unconnected security applications and devices easier. This software helps in controlling these unconnected security devices through one comprehensive user interface. PSIM is also called as Situation Management tool because it enables end-users to make quick decisions along with follow-up actions based on certain situations.
The increase in mergers and acquisitions is one of the major trends in the market. Vendors in the PSIM market in the EMEA region are enhancing their market presence through a series of M&A, thereby improving their market share, distribution channels, and market reach.
According to the report, the increased use of PSIM to identify network issues is one of the major drivers of the market. PSIM solutions eliminate manual monitoring of IT infrastructure, enabling quick identification of flaws in the security system. This helps end-users save time and money.
Further, the report states that intense competition among vendors is one of the key challenges facing the market. The PSIM market is witnessing rapid growth and attracting new vendors. This has given rise to increased competition, which is affecting the revenue of the existing leading vendors.
PSIM can be categorized into three types of solutions:
- PSIM lite
To calculate the market size, the report considers revenue generated from the sales of PSIM solution, which includes the following components:
The report consolidates the market share from the following major sectors:
- Critical Infrastructure
- Safe Cities/First Responders
- CNL Software
- NICE Systems
- Tyco International
Other Prominent Vendors
- Axxon Soft
- Milestone Systems
- PRYSM Software
- Verint Systems
- Increase in Use of PSIM to Identify Network Issues
- Increased Competition among Vendors
- Increase in M&A
For more information visit http://www.researchandmarkets.com/research/n7t373/psim_market_in