Latin America Electronic Security Market Share

Market Share of Latin America Electronic Security Industry

The electronic security market in Latin America is fragmented due to large players. The domestic and international vendors are focusing on updating their access control systems, increasing protection levels, and adding new functionalities to remain competitive in the market. Key players are Hangzhou Hikvision Digital Technology Co., Ltd., Bosch Security Systems Inc., Dahua Technology Co., Ltd, and others. Key developments in the market are -

• April 2022 - Convergint, which has a significant presence in Latin America and is one of the prominent players in service-based systems integration, announced that it had acquired Systems 28, Inc., an Ohio-based systems integrator specializing in fire alarm and life safety services. The acquisition provides increased growth opportunities for Convergint throughout Ohio, enabling the company to continue serving its existing customer base while adding some of the largest local, regional, and global companies in the area.

Latin America Electronics Security Market Leaders

1. Hangzhou Hikvision Digital Technology Co., Ltd.

2. Bosch Security Systems Inc.

3. Dahua Technology Co., Ltd

4. Honeywell International Inc.

5. NEC Corporation

*Disclaimer: Major Players sorted in no particular order