The Latin America Security Services Market size is estimated at USD 5.84 billion in 2024, and is expected to reach USD 7.38 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
The Latin American security services market is fragmented due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are Broadcom, Securitas Inc., Fortra LLC, Fujitsu Ltd, and IBM Corporation, among many others. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative services to earn a competitive edge. For instance,
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