| SIA's online report states that Brazil security market is expected to triple within five years |
The Security Industry Association (SIA) recently released the most updated and comprehensive resource available on the electronic physical security market in Brazil: the 2012 Brazil Security Market Report.
Both the public and private sectors in Brazil are investing heavily in security equipment, as that nation prepares to host the 2014 FIFA World Cup and the 2016 Summer Olympics and works to bring down one of the highest crime rates in the world.
SIA’s online report found that the nation’s market for electronic security equipment totals $592 million and is expected to more than triple to $1.8 billion by 2017. The current market breaks down as follows:
- Video Surveillance – 39.6 percent
- Access Control – 20.8 percent
- Intrusion Alarms – 19.2 percent
- Fire Detection and Suppression – 10.4 percent
- Electronic Article Surveillance – 10 percent
The report goes much deeper than this, though, and includes, at the national, regional and city levels:
- Analysis of Demographic Data
- Information about End-User Segments and Demand
- Identification of Drivers of and Restraints on Growth
- Highlighting of Key Success Factors
“We are quite proud of this report,” Frans Kemper, the director of SIA’s Brazil operations, said. “The data is both comprehensive and granular, providing an in-depth look at the demographics, economic conditions and security market trends down to the city level. There simply is no other resource like it.”