IMS Research forecasts that the Americas market for security systems integration will exceed $30 billion in 2016, and will grow at an average rate of more than 7 percent from 2011 until then. The firm’s new report, which focuses on the installation and maintenance of security systems in the Americas region, finds that the U.S. is forecast to remain the largest market in the Americas throughout this time. However, faster growth is forecast for Latin America countries such as Brazil.
“The Latin America market is a really exciting place right now for systems integration,” comments Paul Bremner, IMS Research market analyst and the report’s author. “A lot of technology providers are trying to establish themselves in this marketplace, including the large international systems integrators. In the U.S., it’s a different picture entirely, and I believe we’re seeing the start of consolidation.”
The Americas security systems integration market remains highly competitive, notes the research, with the largest five integrators accounting for less than 20 percent of the market. The market is seen as even more fragmented in some Latin American countries. Further, competition appears to be increasing, with traditional IT integrators entering the security market and taking market share away from the established security systems integrators.
IMS’s Bremner continues, “The security systems integration competitive environment is really interesting because the range of companies in the market is huge. At one end there are the enterprise integrators, like Johnson Controls and Siemens. At the other end, are five-man companies serving a product or geographic market niche.”