South American Border Security Growth Opportunities

South American Border Security Growth Opportunities

Border security solutions are of the utmost importance in South America as most countries experience migratory crises and some are affected by illegal crossings and armed conflicts related to instability in Venezuela. Transnational crime, such as drug trafficking and smuggling, is incessant in this region.

In this study, Frost & Sullivan provides an overview of border security spending and market participants in South America, highlighting key growth drivers, restraints, and opportunities. Among the persisting challenges facing the market include economic difficulties and competing spending priorities (which leads to budget limitations for border security).

Government authorities need efficient security tools to accelerate identification processes, improve decision-making, and combat hostile actors within their borders. Innovative and sustainable border security products have shown signs of steep growth in recent years, driven by the pandemic and border control tightening. With the emergence of advanced technologies and the growing demand for efficient security tools, the future of the South American border security market seems promising.