Americas security SI market to exceed $30B by 2016, IMS says
IMS Research | Date:
A new report from IMS Research forecasts 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 report, which focuses on the installation and maintenance of security systems, 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.
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. Also, the market is even more fragmented in some Latin American countries. Furthermore, competition is increasing with traditional IT integrators entering the security market and taking market share away from the established security systems integrators.
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.”