Latin America Surveillance Camera Market Share

Market Share of Latin America Surveillance Camera Industry

The Latin American surveillance camera market is becoming competitive, as the growing demand for surveillance cameras is driving more players to the market, which is also shifting the market's landscape toward a fragmented market. Partnerships, collaborations, new product launches, high expense on research and development, and mergers and acquisitions are the major growth strategies adopted by several regional companies to sustain this intense competition. Key players in the market include i-PRO, Verkada Inc., The Infinova Group, Genetec Inc., and Teledyne FLIR LLC.

• In February 2024, about 20 security cameras were installed in Cozumel City, Mexico. The cameras are equipped with facial recognition analytical technology to allow the city authorities to react immediately to any eventuality.
• In September 2023, Gorilla Technology Group Inc., a leading provider of AI-driven edge video analytics, security convergence, and IoT solutions, entered a strategic partnership with Protactics, a Colombian enterprise specializing in comprehensive security and defense technology solutions. This collaboration aimed to enhance Gorilla Technology's market presence in Latin America.

Latin America Surveillance Camera Market Leaders

1. i-PRO

2. Verkada Inc.

3. The Infinova Group

4. Genetec Inc

5. Teledyne FLIR LLC

*Disclaimer: Major Players sorted in no particular order