IHS revises growth figures in Mexico and Brazil

Slower growth than originally forecast is expected for the electronic access control market in Mexico and Brazil, according to a recent regional report published by IHS.

Earlier in 2014, IHS forecast a CAGR of nearly 11% for the Mexican market through 2018; however, this growth was found to be a bit bullish and has been revised down to 7.6%. A similar revision was made for Brazil, with its five-year (2014 to 2018) forecast changed from 11.4% to 6.3%.
This adjustment is a reflection of a lowered GDP as well as delayed infrastructure projects. Additionally, city surveillance projects were found to receive a larger share of funding which led to the purchase of other security equipment such as CCTV cameras. Mexico’s slowdown is expected to be short-term, with access control sales predicted to pick-up from late 2015 as projects start once again to come online.
For Brazil, while the same factors of a weak economy and drop in infrastructure investment are to blame, so is the national election and low sales before the World Cup.

Previous articleBritain raises security threat from ‘substantial’ to ‘severe’
Next articleTwo committees formed for fire safety audit in Railways’