Latin America Security Market Size & Outlook, 2024-2030
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Latin America security market highlights
- The Latin America security market generated a revenue of USD 6,952.8 million in 2024.
- The market is expected to grow at a CAGR of 8.5% from 2025 to 2030.
- In terms of segment, system was the largest revenue generating component in 2024.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 6,952.8 million |
| Market revenue in 2030 | USD 11,432.0 million |
| Growth rate | 8.5% (CAGR from 2025 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Service |
| Key market players worldwide | Assa Abloy AB ADR, Morgan Stanley, WESCO International Inc, Johnson Controls International PLC, Honeywell International Inc, Teledyne Technologies Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global security market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 80,351.5 million by 2030.
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Security Market Scope
Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ZABAG Security Engineering | View profile | 51-100 | Grünhainichen, Sachsen, Germany, Europe | https://www.zabag.de |
| Perimeter Protection Group | View profile | 51-100 | Salzkotten, Nordrhein-Westfalen, Germany, Europe | https://www.perimeterprotection.net/ |
| Anixter International | View profile | 5001-10000 | Glenview, Illinois, United States, North America | http://www.anixter.com |
| Apex Fabrication & Design | View profile | 11-50 | Boyertown, Pennsylvania, United States, North America | https://apexfab.com |
| Axis Communications | View profile | 11-50 | New Delhi, Delhi, India, Asia | https://www.axisevents.in |
| Morgan Stanley | View profile | 80000 | 1585 Broadway, New York, NY, United States, 10036 | https://www.morganstanley.com |
| Assa Abloy AB ADR | View profile | 61282 | Klarabergsviadukten 90, P.O. Box 70340, Stockholm, Sweden, SE-107 23 | https://www.assaabloy.com |
| WESCO International Inc | View profile | 20000 | 225 West Station Square Drive, Suite 700, Pittsburgh, PA, United States, 15219 | https://www.wesco.com |
| Teledyne Technologies Inc | View profile | 14900 | 1049 Camino Dos Rios, Thousand Oaks, CA, United States, 91360-2362 | https://www.teledyne.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Latin America security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to security market will help companies and investors design strategic landscapes.
System was the largest segment with a revenue share of 89.79% in 2024. Horizon Databook has segmented the Latin America security market based on system, service covering the revenue growth of each sub-segment from 2018 to 2030.
Prominent use of Intrusion detection systems in Latin America is augmenting the market growth. The growth of this market is driven by factors such as increasing cybercrime, rising awareness of cybersecurity, and government initiatives toward strengthening cybersecurity in the region.
Prominent adoption of Managed Security Services (MSS) in Brazil, which refers to outsourced cybersecurity services provided by specialized companies to help organizations protect their digital assets and mitigate security risks, is augmenting the market growth in this region.
This increased adoption is due to MSS providers in Brazil offering a range of services, including threat monitoring, incident response, vulnerability management, and security assessment.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America security market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America security market size, by country, 2018-2030 (US$M)
Latin America Security Market Outlook Share, 2024 & 2030 (US$M)
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