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Cyprus Security Systems Industry Outlook 2024 - 2028

See how Cyprus Security Systems performed compared to key markets such as France, Spain and Germany.

Key Market Indicators

Revenue from Cypriot Security Systems is projected to surge to €4.8 million by 2028, marking a significant increase from the €3.4 million recorded in 2023. This growth equates to a compound annual growth rate (CAGR) of 5.3%. Since 2020, the Cypriot market has experienced a robust year-on-year growth rate of 17.8%. In the 2023 rankings, Cyprus held the 26th position, with Luxembourg edging ahead with revenues also at €3.4 million. Spain, Germany, and Sweden occupied the second, third, and fourth spots in the ranking, respectively. The upward trajectory of the Cypriot market reflects a broader trend in the European security systems industry.

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Cyprus Security Systems Market Data and Forecasts