SOURCE: VidSys

VidSys

September 19, 2011 08:30 ET

VidSys' Second Annual Safety and Security Survey Reveals PSIM Market Momentum and Strategic Risk Management Plans

Public and Private Organizations Focus on Increasing Technology Integration and Creating a Common Operating Picture as They Move Along Security and Technology Maturity Continuum

ORLANDO, FL--(Marketwire - Sep 19, 2011) - ASIS International 57th Annual Summit (booth #1260) - VidSys, the leading provider of Physical Security Information Management (PSIM) software that allows organizations to resolve business and security situations in real time, is previewing findings from its second annual Safety and Security Survey at the ASIS International 57th Annual Summit, taking place today through Sept. 22.

The survey of senior level IT and physical security professionals from both public and private organizations reveals that, like last year, a majority of organizations have complex safety and security environments and name insufficient budget as the biggest organizational and technological obstacle. The survey also shows that while there is increasing PSIM market momentum and a more strategic view of risk management within organizations, movement along the security and technology maturity continuum has been slow over the past 12 months.

Highlights from the Research

Organizations Continue to Face Complex Safety and Security Environments:
Complex safety and security environments with multiple technologies from numerous vendors continue to be the norm across public and private organizations.

  • 90 percent of organizations are using security systems and devices from two or more different manufacturers. The percent of organizations with technology from at least 20 different manufacturers doubled since last year (from 6 to 12 percent).
  • Once again, the majority of respondents said that they manage security through multiple, distributed locations as well as coordinate security responses with other agencies.

The PSIM Market Is Experiencing Growing Momentum:
In the past year, the PSIM market has experienced growing momentum, with increasing numbers of public and private organizations seeking the technology that enables them to correlate data across their security ecosystems in order to more effectively manage situations, as supported by this survey.

  • 73 percent state that having technology that can sort through a vast stream of device data as well as IT security systems to identify and prioritize situations in real time is very important.
  • 69 percent say the ability to instantly place instructions, information and tools in the hands of first responders is important.
  • The need to create a common operating picture across all security systems and desire to reduce operational costs are the biggest drivers of security plans in the next 12 - 18 months.
  • The number of organizations looking to invest in PSIM technology in the next 12 - 18 months has grown 131 percent compared to last year.

Risk Management is Moving Away from Simply Crisis Management:
Organizations are increasingly viewing risk management as an enterprise-wide initiative designed to help organizations proactively assess, prioritize and manage their risks, versus simply crisis management.

  • Only 13 percent view risk management as crisis management.
  • Both public (65 percent) and private (73 percent) organizations say the ability to have a proactive risk-focused approach that ensures greater overall safety and security with a holistic view is important.
  • 40 percent of respondents believe that risk management is a higher priority today than it was 12 - 18 months ago.

Movement along the Security and Technology Maturity Continuum has Been Slow:
The security environments of public and private organizations have continued to progress over time to respond to emerging threats and take advantage of new technologies, beginning on one end with a single vendor environment and ending on the other with an ecosystem that provides one complete view of situations across multiple organizations. While there is movement along the continuum, as defined in the First Annual Safety and Security Survey, it has been slow over the past 12 months.

  • 65 percent responded that their security environments will continue to manage systems individually in the next 12-18 months.

"The growing PSIM momentum and increasingly proactive risk management practices revealed in this year's survey support what we're seeing in the market today, with increasing numbers of organizations and cities seeking ways to more effectively understand their risks, which in turn drives their safety and security practices," said Chuck Teubner, CEO of VidSys. "Being able to identify situations that put an organization at risk in real time is critical to ensuring the best response, and PSIM technology enables this to happen. We are confident that the PSIM market will continue to flourish as public and private organizations strive to identify more ways to reduce risk."

About the 2011 Safety and Security Survey
The 2011 Safety and Security Survey is a national survey designed to provide insight into the security concerns and buying patterns of private and public agencies. Sponsored by Vienna, VA-based VidSys, the survey was conducted from late August through early September via Zoomerang, an online survey services provider, and is based on 154 respondents (58% private sector, 42% public sector). A Research Brief providing detailed information on the findings will be available in October 2011.

Editor's Note: VidSys will discuss the full findings in a Webinar taking place in October.
To sign up to receive Webinar details as well as the full copy of 2011 Safety and Security Survey results when it becomes available, please contact Kelly Fiedler at kfiedler@vidsys.com.

About VidSys
VidSys is the leading provider of Physical Security Information Management (PSIM) software that enables organizations to reduce operational costs and improve situation response times while reducing risks and increasing safety, security, and asset protection. Its award-winning Open PSIM Platform™ and multi-vendor video and situation management software, VidShield™ and RiskShield™ respectively, are running in numerous command centers including three of the top four cities in North America and a number of Fortune 100 global companies. Named winner of the PSIM System category in the 2010 GSN: Government Security News Homeland Security Awards, VidSys is also the founding member of PSIM Trends, a thought leadership site dedicated to discussing the PSIM industry. Privately funded by Atlanta Equity, Cisco, Flybridge Capital Partners, JVax Investment Group and Motorola Solutions, the headquarters is located in Vienna, VA with additional offices in Massachusetts, the United Kingdom and the Middle East. For more information, please visit http://www.vidsys.com/.

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