Security Systems Integration Market Expected to Exceed $30 Billion
According to a recent report from IMS Research, the security systems integration market is growing at an average rate of more than 7%, and should continue to do so until reaching $30 billion in 2016.
The report focuses on the installation and maintenance of security systems, and predicts that the U.S. will remain the largest market in the Americas throughout this time. A faster growth rate is expected in Latin American countries, such as Brazil.
Paul Bremner, IMS Research market analyst and report author comments, “The Latin America market is a really exciting place right now for systems integration. 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, with the largest five integrators accounting for less than 20 percent of the market. In some Latin American countries, the market is even more fragmented. Competition is increasing with traditional IT integrators entering the security market and taking market share away from the established security systems integrators.