Key Market Indicators
Croatian Security Systems Revenue Plunges by 93% in 2023 Croatia's security systems revenue experienced a dramatic decline in 2023, plummeting to nearly €100,000 from €1.5 million in 2022. This represents a staggering 93.3% decrease compared to the previous year. Since 2014, the Croatian market for security systems has been shrinking at an alarming rate, contracting by an average of 56.7% annually. As a result, Croatia slipped to the 27th position in the European rankings for 2023. Cyprus surpassed Croatia with revenues also close to €100,000. Meanwhile, Spain, Germany, and Sweden secured the second, third, and fourth spots, respectively, in the market rankings.
