Thursday 23 April 2015, Amsterdam
The report recognizes the following companies as the key players in the PSIM Market in the EMEA Region: CNL Software Ltd., NICE Systems Ltd., Tyco International Ltd. and VidSys Inc.
Other Prominent Vendors in the market are: Axxon Soft, Genetec, Intergraph, Milestone Systems, PRYSM Software and Verint Systems.
The report said: “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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.