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NICE Systems (NASDAQ: NICE) today announced that it has been named a Tier 1 PSIM (Physical Security Information Management) company by market researcher Frost & Sullivan.
NICE's top ranking is highlighted in Frost & Sullivan's market report titled Global Physical Security Information Management Market - A Global Trend Changing the Way Security Is Considered.
The Frost & Sullivan report projects extraordinary growth in the PSIM market over the next decade. However, it also recognizes that there is a large gap in training and education which could prevent the market from reaching its full potential.
The report, which provides an overview of market drivers and trends, classifies each of the leading PSIM companies based on a three-tier system. NICE's Tier 1 rating affirms its achievements in the market. Specifically, NICE is one of the few companies whose situation management solution enables the unified integration of all security systems to provide top-level situational awareness. NICE's Situator and Inform software consolidate disparate security systems for a 360-degree perspective. They also provide coordinated incident analysis and adaptive response so that everyone in the operational chain knows what is happening and what to do.
NICE is also addressing the noted training and education gaps in the situation management market, as it has independently identified that there is a great need for this.
NICE recently initiated a series of workshops designed to educate the market about how situation management solutions can be leveraged to handle security, safety, and business operations. Led by NICE's Senior Director of Training and Development Dr. Bob Banerjee, small group workshop discussions focus on helping organizations improve situational awareness, situation management, and collaboration across the operational chain, while also enabling proof of procedural compliance and ensuring consistent execution according to best practices.
"It is a great honor to be acknowledged as a top-tier solution provider by Frost & Sullivan," said Yaron Tchwella, Security President and EVP Business Operations at NICE.
"Most PSIM solutions focus on integrating physical security systems to create a high level of situational awareness. The NICE security portfolio goes one step further to provide automated, adaptive response plans for situation management and sophisticated data correlation, analytics, and trend analysis that transform big data into operational intelligence."
"Spreading end-user awareness on the benefits of PSIM, its operational efficiencies and return on security investment is a key responsibility of the industry," said Balaji Srimoolanathan, Principal Security Consultant at Frost & Sullivan. "NICE's solutions go beyond integrating systems to leverage physical security integration for operational improvement. As a front-runner in this market, NICE's depth of knowledge and experience are unparalleled."
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