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Internet Securities Inc.

Security Systems Boom in Mexico City

Strategic Insights

— 1 min read

The demand for security systems in Mexico City has increased significantly in the last five years, with a notable rise in the sales of close-circuit television (CCTV) and electric fences. According to companies in the sector, security systems have seen a substantial growth, with a 50% increase in the last five years. The popularity of security products has been driven by the growth in crime, with businesses and homes seeking to protect themselves against threats.

Key Takeaways:

  • The sales of close-circuit television (CCTV) and electric fences have increased by 50% in the last five years, driven by the growth in crime and the need for security systems.
  • Alarms, personnel access control, and fire alarms are the next most popular security products after CCTV and electric fences.
  • The North American Free Trade Agreement (Nafta) made it easier to import new security technology, leading to a 20% growth in demand for these products in 1999.
  • Business in the security sector increased by 50% in 2003 due to the growth in crime.
  • Electric fences are a popular choice for large factories and storage facilities, costing between 3,500 pesos (US$300) and 4,200 pesos (US$360).
  • Access control systems are preferred in management areas, such as buildings, for people and assets.

Statistics:

  • 50% increase in sales of close-circuit television (CCTV) and electric fences in the last five years.
  • 20% growth in demand for security technology in 1999 due to the North American Free Trade Agreement (Nafta).
  • 50% increase in business in the security sector in 2003 due to the growth in crime.
  • 3,500 pesos (US$300) to 4,200 pesos (US$360) is the cost for electric fences.

Sources:

  • Cronica/Corporate Mexico by Internet Securities, Inc. via COMTEX
  • Internet Securities, Inc.
  • COMTEX (http://www.comtexnews.com)

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