Electronic Monitoring Services in Panama

The sector has incorporated the latest technology and has prospered thanks to the country's business growth and demand for residential services.

Monday, February 25, 2013

Security companies in Panama have become a thriving business, currently generating over $12 million a year.

"Security monitoring in the banking sector is one of the most important and lucrative types of work for these companies. In the case of Grupo Insted, who account for 90% of the banking sector in terms of electronic security, among the largest customers on its books are Banco General, Global Bank and Banesco, among others, noted an article in Panamaamerica.com.pa.

Sectors such as the industrial, commercial and residential also been covered by the security market in Panama. More than nine thousand Panamanian homes have security systems. Competing in the market other companies like Metro Sistemas, MDM Securities, Advanced Systems and Electrosistemas.

According to the director of Grupo Insted, Adrian Cardenas, transmissions come via software to a call center where all signals are received. This shows everything that is happening in the places that are monitored, here calls and alarms are received as well as alerts which administrators from center can immediately proceed to call the relevant institutions.

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