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Report Overview
The Latin America video surveillance systems market size attained a value of nearly USD 3407.96 Million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 13.90% reaching a valuation of about USD 12523.67 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Compound Annual Growth Rate
Value in USD Million
13.9%
2025-2034
Latin America Video Surveillance Systems Market Outlook
*this image is indicative*
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Key Trends in the Market
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.
- Artificial intelligence solutions are a key trend in the Latin America video surveillance systems market that help with the need to reduce costs and automate key processes, increasing the adoption of video surveillance in Latin America. AI in the form of facial recognition technologies are increasingly used with video surveillance systems, supporting market growth over the coming years.
- The increasing adoption of video analytics and IP cameras across various government office premises and institutional premises is likely to create an optimistic growth prospect for the Latin America video surveillance systems market.
- Development of new intelligent and context-aware video data collection cameras are expected to increase the market growth of video surveillance systems in Latin America. This is because such cameras provide protection against physical assets as well as digital data threats or burglaries.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Market Segmentation
The EMR’s report titled “Video Surveillance Systems Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
- Hardware
- Software
- Services
Market Breakup by Application:
- Commercial
- Infrastructure
- Institutional
- Industrial
- Defence
- Residential
Market Breakup by Region:
- Brazil
- Argentina
- Mexico
- Chile
- Others
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Market Share by Product Type
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.
Market Share by Applications
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.
Competitive Landscape
Canon Inc.
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.
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
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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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.
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Latin America Video Surveillance Systems Market Report Snapshots
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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Key Questions Answered in the Report
In 2024, the video surveillance systems market in Latin America attained a value of nearly USD 3407.96 Million.
The market is assessed to grow at a CAGR of 13.90% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach almost USD 12523.67 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.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| 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:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
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