Brazil is the leading video surveillance market in South American region. With rise in criminal activities, growing public infrastructure, government security spending, increasing hospitality sector and surging sports infrastructure, demand for intelligent security systems in Brazil is poised to increase in the country. Amongst all electronics security systems, video surveillance systems have generated majority of the market revenues in the overall market.
According to 6Wresearch, Brazil Video surveillance market is projected to reach $1.5 Billion by 2021. In Brazil video surveillance market, analog based video surveillance systems have captured major share of pie in the market. Low cost and ease of installation are the key factors that have spurred analog surveillance systems market. However, in the forecast period, share of IP based video surveillance market is expected to surge due to increasing IT spending, IT infrastructure, upcoming Olympics 2016 and penetration of these systems in government and transportation sector.
Government & transportation vertical has generated majority of the market revenues owing to increasing government security spending to secure public infrastructure. On the other hand, commercial segment is emerging as key growing vertical due to increasing penetration of video surveillance systems in hospitality, education, SME and large enterprises.
Brazil primarily imports video surveillance systems from international market; but, with rising demand for video surveillance systems, players in the coming years are expected to establish manufacturing facilities for these devices in the country.
South eastern region leads the market as the region is the host city for the Olympics 2016. Sao Palo, Minas Gerais, and Rio De Janerio are the prime revenue contributing cities in the Southern region.
“Brazil Video Surveillance Market (2015–2021)”provides in-depth analysis with 58 figures and 25 tables”. The report estimates and forecast overall Brazil Video surveillance market by revenue, by Video surveillance system types such as Analog based, IP based, and software systems. Video surveillance market by regions such as north Brazil, Central-west Brazil, North-eastern Brazil, southern Brazil, and South-eastern Brazil. The report also gives the insights on competitive landscape, price trends, company profiles, market drivers and restraints.
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Brazil Video Surveillance Market 2021