Despite being neighbors, there are key differences between the U.S. and Mexican video surveillance markets. IPVM investigates.
IPVM recently spent 10 days in Mexico City meeting and speaking with video surveillance professionals ahead of this post. Inside this overview we examine the following:
- Market Segmentation
- Persistence of Analog Cameras
- Easier Imports Than Elsewhere in Region
- Insecurity Drives Business
- Hardware Players
- Software Players
- Distributors & Integrators
- The Mexican market is segmented, with the high levels of competition for big-ticket public-sector and enterprise installs.
- In the private sector, low labor costs encourage some end-users to prioritize manpower (i.e. guards) over expensive technological solutions.
- Hikvision cameras are most commonly bought, while Genetec solutions are present in safe city/state implementations in a majority of Mexican federal units (i.e. states).
- Insecurity is expected to drive demand in 2021 and beyond.