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Essay / Research Paper Abstract
This 3 page paper begins by reporting data regarding the rising crime rates in Argentina and data about the security industry in the country. The writer suggests a joint venture as the best way to enter the market. The writer also comments on the target market and regulations for these types of systems. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGargsc.rtf
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Unformatted sample text from the term paper:
Data regarding different crimes showed an increase of 7.7 percent in theft, 22 percent in carjacking and 11.1 percent in homicides (Millet, 2005). The U.S. Commercial Service (2005) reports: "The
security sector market in Argentina was valued at US$ 1.2 billion in 2004, making it a relatively large and growing prospect for U.S. firms." The security industry is one that
is growing fast in the country (U.S. Commercial Service, 2005). Factors contributing to the growth of this market include the rising crime rates, as shown above, and also an improvement
in the general economy of certain regions in Argentina (U.S. Commercial Service, 2005). Also, import restrictions have been lifted (U.S. Commercial Service, 2005). For example, tariffs for "TV and video
cameras that operate within the infrared spectrum of 2-14 micron wavelength" (BuyUSA.com, 2005) were eliminated completely; they were 21.4 percent (BuyUSA.gov, 2005). the following Table reflects the security industry market
size for Argentina for three years and the projected growth in the market. Security Equipment Overall Market Information (in millions of U.S. dollars) 2001 2002 2003 Estimated Projected Growth
Total market size 538.4 215 285 33% Imports from the U.S. 91.9 19.6 23 17% (Source: BuyUSA.Gov, 2004). There is a growing concern for personal safety, which is driving
the market (BuyUSA.Gov, 2005). And, that industry is still in its infancy, in fact, 45 percent of the security companies in the country were established between 1990 and 2000 (BuyUSA.Gov,
2005). In terms of the market, 80 percent of the market is involved in "installation, design, engineering, consulting, and production" (BuyUSA.Gov, 2005). The undeveloped sectors include household security, alarm systems
and fire control systems (BuyUSA.Gov, 2005). American companies that can offer high-quality services in these areas will find a waiting market (BuyUSA.Gov, 2005). Polls reveal that at least 45 percent
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