Research Areas

Home / Press Releases / Financial & ID Technologies / Verticals Guide the Way to Competitive Advantage in Latin America

Press Releases

Verticals Guide the Way to Competitive Advantage in Latin America
Date: 08 June 2012

Hospitality, commercial and manufacturing and industrial are the fastest growing verticals for access control equipment in Latin America. Combined, these verticals are estimated to account for 55 percent of a $180 million electronic physical access control market according to a recent study published by IMS Research (recently acquired by IHS Inc. (NYSE:IHS)), titled The Latin America Market for Electronic Physical Access Control Equipment.

 

Report author and senior analyst Blake Kozak comments, “In the commercial vertical, telecommunications and copper mines present some of the largest sales opportunities for suppliers of access control equipment. Much of the growth in telecommunications relates to antennas, towers, substations, and at remote locations. Many of these sites have electronics that must be protected by either a keypad reader or combination reader and keypad. For copper mines, these sites are designed similar to university campuses in the United States. Many have large complexes, living quarters and high security areas that will typically use electromechanical locks to protect against theft.”

 

Kozak continues, “In manufacturing & industrial, as construction continues to boom and economies grow across much of the region, demand is expected to remain strong for both local and multinational manufacturing companies. Within the oil and gas sector, access control equipment continues to play a major role not only within production sites, but also administrative offices that require high security to protect information on drilling areas and mineral rights. In hospitality, much of the growth is expected in Brazil with new hotels being constructed and existing ones renovated in anticipation of the World Cup in 2014 and Summer Olympics in 2016.”

 

While these three industries are expected to dominate the access control marketplace for some years, few, if any, industries in Latin America lack sales opportunities. Therefore, knowing which industries to target first, and how the uptake varies by country will provide suppliers with a significant competitive advantage.

Share this Press Release

Share
Contacting Us

Jonathan Cassell
Senior Manager, Editorial
jonathan.cassell@ihs.com
Direct: + 1 408 654 1714
Mobile: + 408 921 3754

Or

IHS Media Relations
press@ihs.com
Direct: +1 303 305 8021

About IHS Inc. (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 6,000 people in 31 countries around the world.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2013 IHS Inc. All rights reserved.

©2013 IHS. All Rights Reserved