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Video management software demand is examined across the next four years worldwide in a new market research report on global video management software from Research and Markets. According to the report Milestone Systems are one of the prominent players in the market. Analysts forecast the PSIM market in the APAC region will grow at a CAGR of 42.15 percent over the period 2013-2018.
One of the major drivers in the market is the increasing security concerns. The intensity and occurrence of security attacks, issues, and threats are increasing massively. The number of thefts, robberies, and terrorist attacks has increased to a great extent in recent times. In order to control the breaches of security and to reduce security attacks, end-users are adopting video surveillance systems, resulting in an increase in demand for video management software.
PSIM Market in the APAC Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the PSIM market in the APAC region landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market
This information was also puplished in Bloomberg Business Week.