Physical Security Information Management (PSIM) software is a technology category in the physical security sector. It is the unique combination of video management for security and surveillance applications along with situation (incident and event) management. Whilst the standardization process gains momentum the need to provide customized solutions will remain dominant in the market. The worldwide PSIM market is expected to grow from $80 million in 2009 to $544 million in 2015, with a Compound Annual Growth Rate (CAGR) of 37%. There is a mix of companies which are either very strong in “pure” PSIM solutions and others that are adding functionalities to a basic Video Management Software (VMS).