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Mexico Security Market Insight

  • October 2014
  • -
  • Frost & Sullivan
  • -
  • 35 pages

Summary

Table of Contents

Security Investment in the Context of the War on Organised Crime

Although not seeing the same economic growth as some countries in Latin America, Mexico is in a healthy financial position. Whilst much of the country’s economic stability can be traced to the development of its rich energy deposits, Mexico is unboundedly an important hub in LATAM. Improvements are also being made to other important elements of national infrastructure and technology. Though substantial steps have been made towards increasing public security and ensuring border integrity, security investment is occurring against the backdrop of an ongoing fight against organised crime. Assessing Mexico’s current and future security will allow international providers to better understand and meet the evolving security demands of the state.

Synopsis
Although not seeing the same economic growth as some countries in Latin America, Mexico is in a healthy financial position, GDP growth peaked at % in 2010. Whilst much of the country’s economic stability is due to its position as a key regional producer, the state has also developed and utilised vast oil supplies. As economic growth is continuing, Mexico is investing heavily in public infrastructure, with a concurrent increase in procurement of security systems and technology to compliment development projects. Substantial steps have been made towards increased public security and ensuring border integrity, but security investment is occurring against the backdrop of a well-publicised and ongoing fight against organised crime. Assessing Mexico’s current and future security needs and effective route to market strategies and opportunities available to international security suppliers within this broader political, social, and economic context, is important. Procurement is based on personal relationships and reliability and companies that are willing to invest time and resources in the market will be well placed to gain from future economic growth and prosperity.

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