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IMS forecasts security growth through 2016 for the Americas
IMS Research is forecasting that the security systems market in the Americas will grow to more than US$16 billion in 2016, growing at an average rate of at least seven per cent from 2011 until then.
October 16, 2012 By Staff
The U.S. will remain the largest market in the Americas, but Latin America is expected to experience faster growth.
Paul Bremner, IMS Research market analyst and report author, said in a press release, “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.”
IMS points to the competitive nature of the systems integration market. According to the researcher, the largest five integrators account for less than 20 per cent of the total market. The incursion of IT integrators into the market has also increased the level of competition.
“The security systems integration competitive environment is really interesting because the range of companies in the market is huge,” added Bremner. “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.”
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