AUSTIN, Texas — Security systems integration in the Americas market will exceed $30 billion in 2016 and will grow at an average rate of more than 7% from 2011 until then, according to a new report from IMS Research.
The report titled “Security Systems Integration — World — 2012 Edition,” focuses on the installation and maintenance of security systems in the Americas. While the study forecasts that the United States will remain the largest market in the Americas, it also predicts faster growth for Latin America countries such as Brazil.
“The Latin America market is a really exciting place right now for systems integration,” IMS Research Market Analyst Paul Bremner says. “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% of the market, according to the report. Additionally, as more traditional IT integrators enter into the security market, they continue to take away market share from established security systems integrators.
“The security systems integration competitive environment is really interesting because the range of companies in the market is huge,” Bremner says. “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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