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LATIN AMERICA

PHYSICAL SECURITY INDUSTRY MARKET STUDY

2023

• TECHNOLOGIES STATUS AND ECONOMIC GROWTH • LATIN AMERICA PHYSICAL SECURITY GROWTH • TOP 100 PHYSICAL SECURITY COMPANIES

© Latin Press, Inc., 2023 All rights reserved. No part of this work may be reproduced or incorporated into a computer system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of the copyright holders. Infringement of such rights may constitute an intellectual property offense. Original title: Market study for the physical security industry in Latin America 1st edition: February 2023 Research and writing: Andrea Ochoa Restrepo Editorial Direction: Duván Chaverra Layout: Jhonnatan Martínez Avalo Graphics: Jhonnatan Martínez Avalo Photos: Pixabay

Table of Contents Market study for the physical security industry in Latin America: how is it done?............................5 Introduction................................................................................................................................6 Chapter 1: Technologies trends and economic growth.........................................................................10 Main segments in physical security 2022.......................................................................................... 11 Most used brands by physical security companies 2022.................................................................. 12 Growth according to dependent and independent variables (Growth expectations for 2022, growth in terms of employment, compound annual growth rate for the entire industry)................ 14 Chapter 2: Industry perspectives..............................................................................................16 Mexico............................................................................................................................................... 17 Central America and the Caribbean................................................................................................. 19 Andean region................................................................................................................................... 20 Southern Cone.................................................................................................................................. 23 Consultants Perspectives.................................................................................................................. 24 Chapter 3: Top 100 physical security companies ranking.........................................................30 Mexico............................................................................................................................................... 32 Central America................................................................................................................................ 34 Andean region................................................................................................................................... 35 Southern Cone.................................................................................................................................. 38 Chapter 4: Physical Security growth in Latin America...............................................................40 Industry economic data..................................................................................................................... 42 Private security market...................................................................................................................... 43 Chapter 5: Freight and cargo prices High freight rates overshadow the economic recovery............................................................56 High freight rates overshadow the economic recovery.................................................................... 58 Chapter 6: Latin American economies, a gradual recovery.......................................................60 Volatility in financial markets............................................................................................................. 62 Impact on trade and value chains..................................................................................................... 63 Balance of financial flows to the region............................................................................................ 65 Evolution of GDP in Latin America.................................................................................................... 66 Future perspectives........................................................................................................................... 68 Inflation expectations 2022-2023...................................................................................................... 71 Macroeconomic analysis................................................................................................................... 72 Reference index........................................................................................................................90

LATIN AMERICA PHYSICAL SECURITY INDUSTRY MARKET STUDY 2023

CHAPTER 3

100

PHYSICAL SECURITY INDUSTRY RANKING BY REGION

LATIN AMERICA PHYSICAL SECURITY INDUSTRY MARKET STUDY 2023

Reference index Cited sources: National Association of Industrialists (ANDI), “COLOMBIA: BALANCE 2020 AND PERSPECTIVES 2021,” 2021. Bank of the Republic of Colombia, “Monetary Policy Report,” February 11, 2022. Central Reserve Bank of El Salvador, “Salvadoran economy grew 24.5% in the second quarter of 2021,” October 1, 2021. Inter-American Development Bank, “Broadband policies for Latin America and the Caribbean”. World Bank, “Panama: overview,” October 6, 2021. World Bank, “Bolivia: overview,” October 11, 2021. Geneva Center for the Governance of the Security Sector, “Private Security in El Salvador,” 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “The paradox of recovery in Latin America and the Caribbean. Growth with persistent structural problems: inequality, poverty, little investment and low productivity,” July 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Preliminary Overview of the Economies of Latin America and the Caribbean,” 2021 (LC/PUB.2022/1-P), Santiago, 2022. Economic Commission for Latin America and the Caribbean (ECLAC), “The paradox of recovery in Latin America and the Caribbean Growth with persistent structural problems: inequality, poverty, little investment and low productivity,” July 8, 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Economic Study of Latin America and the Caribbean,” Santiago, 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Macroeconomic Report- Honduras,”2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Macroeconomic Report-Peru,” 2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Macroeconomic Report-Venezuela,”2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Macroeconomic Report-Brazil,”2021. Economic Commission for Latin America and the Caribbean (ECLAC), “Uruguay Macroeconomic Report,”2021. Economic Commission for Latin America and the Caribbean (ECLAC), “International Trade Outlook for Latin America and the Caribbean,” 2021.

Diario de los Andes, “More than 11 thousand violent deaths registered by the OVV during 2021,” December 2021. El País, “Colombia’s GDP grew 10.6% in 2021, the highest annual rise since there are records,” February 15, 2022. Infobae, “OECD reduced its GDP growth forecast for Mexico to 2.3% for 2022,” February 21, 2022. Fenalco Antioquia, “Private security sector grew 8% in 2020,” September 15. International Monetary Fund (IMF), “World Economic Outlook Update, July 2022: Bleak and More Uncertain,” July 2022. International Monetary Fund (IMF), “El Salvador’s Recovery Constrained by Rising Risks,” February 16, 2022. GECSA, “SURVEILLANCE AND PRIVATE SECURITY SECTOR,” January 2020. HumVenezuela, “OVV: Annual Report on Violence 2021,” December 2021. National Institute of Statistics and Informatics (INEI), “In June of this year, national production grew 3.44%,” August 15, 2022. La República, “The private security sector contributes 1.2% of the national Gross Domestic Product,” August 24, 2022. Mundo Gremial, “Private Security: business and union dispersion affect an industry that could have much more registered work,” April 19, 2022. World Trade Organization (WTO), “Global trade recovery exceeds expectations, albeit with regional divergences,” 4 October 2021. World Trade Organization (WTO), “Trade can help put the UN Sustainable Development Goals on track: Director-General Okonjo-Iweala,” 6 July 2021. Portfolio, “International trade will grow 10.8% this year, according to the WTO,” October 4, 2021. Presidency of Costa Rica, “BCCR ESTIMATES ECONOMIC GROWTH FOR 2021 AT 7.6% AND PROJECTS 3.9% FOR 2022 AND 4.0% FOR 2023”. University Presence, “Crime and violence in Honduran companies limit the economic growth of the country,” October 2021. Digital Process, “Crime and insecurity drive an unequal Honduras, highlights Cohep report,” June 2021. SeguriLatam, “Amesp promotes the regularization and professionalization of private security in Mexico,” March 30, 2022. Semana Magazine, “IMF reduced growth outlook for the world economy for 2022,”January 25, 2022.

LATIN AMERICA PHYSICAL SECURITY INDUSTRY MARKET STUDY 2023