Albany, NY -- (SBWIRE) -- 08/29/2016 -- Security systems comprise surveillance systems, access control systems, security alarms, and perimeter intrusion prevention systems. Surveillance systems are used in organizations, airports, sea ports, railway stations, educational institutions, retail stores, and banks to monitor the activities and behavior of people to prevent the occurrence of untoward incidents or theft. The data captured by surveillance systems are transmitted and stored for future use. Monitors are installed at end-points to look at the footage and analyze unusual behavior. Installation of surveillance and access control devices at various sensitive areas reduces the need for security personnel.

The security systems market in Latin America to grow at a CAGR of 14.35% over the period 2014-2019. The report covers the present scenario and the growth prospects of the security systems market in Latin America for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of the following security systems:
- Surveillance systems
- Access control systems
- Security alarms
- Perimeter intrusion prevention systems

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The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, it discusses the major drivers that influence the growth of the market and outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, the security systems market in Latin America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Latin America; it also covers the security systems market in Latin America landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
- Bosch Security Systems
- Cisco Systems
- Honeywell Security Group
- NICE Systems
- Tyco

Other Prominent Vendors
- Assa Abloy
- Axis Communications
- Exacq Technologies
- Genetec
- Gunnebo
- Hikvision Digital
- Kaba Holding
- March Networks
- Panasonic System

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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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