The production value of security systems services in Denmark showed an upward trend from 2013 to 2023, growing from €220 million to €346.7 million. Despite minor fluctuations, including a significant increase in 2017 and a subsequent moderate growth, the sector's expansion is notable.
Key points:
- 2013-2016: Period of fluctuating growth, peaking at 2017's 26.34% increase.
- 2017-2023: Steady growth with a notable CAGR of 3.05% over the last 5 years.
- 2023 data: Production value stood at €346.7 million.
Future trends indicate a continued increase, with forecast data projecting the market to reach €379.6 million by 2028. The 5-year CAGR from 2024-2028 is expected at 1.44%, suggesting a slower yet steady growth rate. Watch for technological innovations and increased integration of AI in security systems, which could significantly influence market dynamics.
