Security - Mexico

  • Mexico
  • Revenue in the Security market is projected to reach €279.8m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 12.76%, resulting in a projected market volume of €452.3m by 2028.
  • In the Security market, the number of active households is expected to amount to 12.7m users by 2028.
  • Household penetration will be 9.2% in 2024 and is expected to hit 31.8% by 2028.
  • The average revenue per installed Smart Home currently is expected to amount to €80.99.
Comparación de regiones

Analyst Opinion

The Security market in Mexico has been experiencing significant growth in recent years, driven by various factors such as increasing crime rates and a growing awareness of the importance of security measures. Customer preferences in the Security market in Mexico are largely influenced by the need for personal safety and protection of property.

With rising crime rates, individuals and businesses are increasingly seeking security solutions to safeguard their assets. This has led to a growing demand for security systems, including surveillance cameras, access control systems, and alarm systems. In addition, there is a preference for integrated security solutions that offer comprehensive protection and can be easily monitored and controlled remotely.

Trends in the Security market in Mexico indicate a shift towards more advanced and technologically sophisticated security systems. As technology continues to advance, there is an increasing adoption of smart security solutions that leverage artificial intelligence, machine learning, and internet of things (IoT) capabilities. These systems offer enhanced functionality and automation, allowing for real-time monitoring, predictive analytics, and proactive security measures.

Furthermore, there is a growing emphasis on cybersecurity, as businesses and individuals recognize the importance of protecting their digital assets from cyber threats. Local special circumstances in Mexico, such as high crime rates and a history of security challenges, have contributed to the growth of the Security market. The country has faced significant security issues in recent years, including drug-related violence and organized crime.

This has created a heightened sense of insecurity among the population, leading to increased demand for security products and services. Additionally, the government has implemented various initiatives to improve public safety, which has further fueled the demand for security solutions. Underlying macroeconomic factors also play a role in the development of the Security market in Mexico.

The country's economic growth and rising middle class have contributed to increased spending on security products and services. As disposable incomes rise, individuals and businesses are willing to invest in security measures to protect their assets. Furthermore, the construction industry has been booming in Mexico, driving the demand for security systems in residential and commercial buildings.

In conclusion, the Security market in Mexico is experiencing significant growth due to increasing crime rates, customer preferences for personal safety and property protection, and the adoption of advanced security technologies. Local special circumstances, such as high crime rates and government initiatives to improve public safety, have further fueled the demand for security solutions. The underlying macroeconomic factors, including economic growth and a booming construction industry, have also contributed to the development of the market.


Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

Visión general

  • Revenue
  • Key Players
  • Product Types
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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