Key Market Indicators
The revenue generated by Serbian security systems is projected to surge to approximately €276 million by 2028, up from around €245 million in 2023. This marks an average annual growth rate of 1.7%. Since 2019, the Serbian market has demonstrated a robust upward trajectory, growing at an average annual rate of 13.4%. In the 2023 rankings, Serbia secured the 11th position. Denmark outperformed Serbia, matching its 2023 revenue at approximately €245 million. Leading the rankings were Spain, Germany, and Sweden, occupying the 2nd, 3rd, and 4th spots, respectively.
