Market Research Report
Latin America Public Safety & Security Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||605744|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Latin America Public Safety & Security Market Forecast 2019-2027|
|Published: April 23, 2019||Content info: 102 Pages||
Latin America public safety & security market accounted for $XX billion in 2018. By the end of the forecast period of 2019-2027, the market is expected to see a hike in CAGR of 15.65% and is estimated to generate a revenue of $XX billion by 2027.
High adoption of surveillance systems and the advent of cloud-based video surveillance & wireless IP surveillance systems are some of the key trends observed in this market. The Latin American market is segmented on the basis of services, solutions and verticals. The Mexico public safety & security market is forecasted to evolve with the fastest CAGR over the projected years.
The increasing urbanization and the large scale government initiatives in the Latin American countries are driving the growth of the public safety & security market in the region. Most of the countries in Latin America have major problems with traffic, contamination, high crime rates, government inefficiency, and much less transparency. Some of the major countries studied in the market analysis are Brazil, Mexico and the remaining countries collectively forming the Rest of Latin America regional segment. Security conditions remain a top concern in this country. As the Mexican market is pursued by foreign security suppliers, cybersecurity has been gaining more attention. Consumption of market segments like video-surveillance, alarms systems, control access, and secure mobile devices has also increased in the recent years.
Companies like Ericsson, Qualcomm Incorporated, CGI Group Inc., Huawei Technologies, AGT Group GmbH, Siemens AG, Ferranti Technologies Ltd., Hewlett Packard Enterprise Company, Thales Group, NEC Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Environmental Systems Research Institute, Inc. (ESRI), Motorola Solutions, Inc., Alcatel-Lucent Enterprise S.A., International Business Machine (IBM) Corporation, Hitachi, Ltd., Honeywell International Inc., Cisco Systems, Inc., Harris Corporation, Raytheon, and Kratos Defense & Security Solutions Inc. have their presence in this market, which have been extensively profiled in the report.