Get your budgets ready. According to IMS Research, you’ll be spending some big bucks over the next four years. A new IMS report forecasts that the Americas market for security systems integration will top $30 billion in 2016, growing at an average rate of more than 7 percent from last year until then.
The IMS report, which focuses on the installation and maintenance of security systems, says the United States is expected to remain the largest market in the Americas through 2016, but the fastest growth will be seen in Latin America.
Paul Bremner, IMS market analyst and author of the report, said that many security technology providers are trying to stake a claim in Latin America, but the outlook is different in the United States. “I believe we’re seeing the start of consolidation,” he said.
The Americas security systems integration market remains highly competitive, with the largest five integrators accounting for less than 20 percent of the market, the report says. “Furthermore, competition is increasing with traditional IT integrators entering the security market and taking market share away from the established security systems integrators,” Bremner said.
Bremner continues, “The security systems integration competitive environment is really interesting because the range of companies in the market is huge. 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.”