US – Technavio has released a new report indicating that security systems market in Latin America will grow at a CAGR of 14.35% over 2015-2019.
To calculate the market size, the report considers the revenue generated from the sales of the following security systems:
– Surveillance systems
– Access control systems
– Security alarms
– Perimeter intrusion prevention systems
The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, it discusses the major drivers that influence the growth of the market and outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.
Technavio’s report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Latin America; it also covers the security systems market in Latin America landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Surveillance systems are used in organisations, airports, sea ports, railway stations, educational institutions, retail stores, and banks to monitor the activities and behavior of people to prevent the occurrence of untoward incidents or theft. The data captured by surveillance systems are transmitted and stored for future use. Monitors are installed at end-points to look at the footage and analyze unusual behavior. Installation of surveillance and access control devices at various sensitive areas reduces the need for security personnel.
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