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The global Physical Security Information Management (PSIM) Market is projected to grow at a CAGR of 4.6% during the forecast period, driven by rising concerns over security threats and the need for integrating multiple security systems. The convergence of diverse security systems facilitated by PSIM, along with the emergence of cloud-based solutions, has significantly contributed to the growth of the market. The trend reflects a strategic shift towards centralized and scalable security management, driven by the need for enhanced situational awareness, cost-effective operations, and streamlined incident response capabilities across various industries.
