Despite earlier forecasts, the market for electronic physical access control equipment in Mexico and Brazil will see slower growth than previously expected, according to IHS. IHS had previously forecast a compound annual growth rate of nearly 11 percent for Mexican market through 2018. However, the research firm said this prediction was “a bit bullish” and has revised that figure down to 7.6 percent. “This adjustment is a reflection of a lowered GDP as well as delayed infrastructure projects. Additionally, city surveillance projects were found to receive a larger share of funding which led to the purchase of other security equipment such as CCTV cameras.