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The Latin America video surveillance systems market size attained a value of nearly USD 3,407.96 million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 13.9% reaching a valuation of about USD 10,985.17 million by 2034.
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A video surveillance system refers to a network of monitors/display units, recorders, and cameras that are used together to monitor areas through video footage. These cameras can be either digital or analogue with different features for frame rate, resolution, and colour type, among others. They can operate 24/7 and are designed specifically for recording movement when needed, whether outside or inside specific premises.
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Based on product type, the market can be segmented into hardware, software, and services. Hardware products are further classified by type into camera, storage, and others, with camera sub-divided by type into analogue, IP camera, and hybrid. Software products are bifurcated into video analytics and video management software. On the basis of application, the market is categorised into commercial, infrastructure, institutional, industrial, defence, and residential. The regional markets can be divided into Brazil, Argentina, Mexico, and Chile, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America video surveillance systems market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
The hardware segment is likely to hold significant growth in the Latin America video surveillance systems market on account of the rising demand for hardware like cameras, storage, and monitors. This is due to the surging security concerns among several industries along with the rise in the installation of cameras across the region.
The growing shift toward IP cameras with various hardware-based advancements is likely to boost the segment growth in the market as such cameras enhance object tracking, security, and low-light performance. Technological advancements enable applications such as video surveillance of hazardous equipment through zoom-in scan features. This is further expected to fuel the segment growth in the market of video surveillance systems over the forecast period.
The commercial segment is expected to witness growth in the Latin America video surveillance systems market on account of the rising significance of video surveillance systems across various commercial fields and their growing affordability. This is due to an upsurge in security concerns among various end-users like companies, retail, financial institutes, and banks.
The need for security solutions is likely to rise in commercial applications due to heightened security risks such as robbery, inventory loss, and illegal access, among others. As video surveillance systems become more affordable and discrete, more small businesses are investing in these setups. With the swift growth of small enterprises, retail establishments, and malls, the demand for surveillance systems is likely to enhance over the coming time frame. This is further expected to enhance the segment growth in the Latin America video surveillance systems market.
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Canon Inc. is a manufacturer of office equipment, medical systems, imaging systems, and industry products. It provides a broad variety of office multifunction devices (MFDs), inkjet printers, laser multifunction printers (MFPs), cameras, and plain paper copying machines. The company also provides medical diagnostic imaging systems such as computed tomography (CT), magnetic resonance imaging (MRI), X-ray systems, and ultrasound.
Hangzhou Hikvision Digital Technology Co., Ltd. is a supplier and manufacturer of video surveillance products as well as business intelligence services and products. The company is a subsidiary of China Electronics Technology Group Corp. Its product portfolio comprises of video and audio encoding and decoding cards, digital video recorders (DVRs), intercom, network cameras, enterprise network storage, network cables, alarms, PTZ, analogue cameras, and LCD and LED splicing screens, among other accessories.
Axis Communications AB was established in 1984 and provides solutions in video surveillance, intercom, audio systems, and access control. The company facilitates a safer and smarter world by creating solutions for better business performance and security as a network technology company and industry leader. They develop their solutions using intelligent analytics applications and that are supported by high-quality training.
Other market players include Bosch Sicherheitssysteme GmbH, Motorola Solutions, Inc., Panasonic Corporation, Digifort IP Surveillance System, BCD Technology Holdings, and The Infinova Group, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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Competitive Landscape |
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Companies Covered |
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Latin America Video Surveillance Systems Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the video surveillance systems market in Latin America attained a value of nearly USD 3,407.96 million.
The market is assessed to grow at a CAGR of 13.9% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach almost USD 10,985.17 million by 2034.
The major markets driver are the growing safety concerns, increasing installation of security cameras, and rising affordability and accessibility of video surveillance systems.
The key video surveillance systems market trends include usage of artificial intelligence solutions, adoption of video analytics and IP cameras, and development of context-aware video data collection systems.
The various product types of video surveillance systems include hardware, software, and services.
The applications of video surveillance systems include commercial, infrastructure, institutional, industrial, defence, and residential.
The major players in the Latin America video surveillance systems market are Canon Inc., Hangzhou Hikvision Digital Technology Co., Ltd. A, Axis Communications AB, Bosch Sicherheitssysteme GmbH, Motorola Solutions, Inc., Panasonic Corporation, Digifort IP Surveillance System, BCD Technology Holdings, and The Infinova Group, among others.
There are main types of cameras used for video surveillance systems are Internet Protocol (IP), analogue, and hybrid.
Video surveillance is typically kept for 30 to 90 days, although users can specify their desired storage period.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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