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 |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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.
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.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account