The turnover for security systems services in the UK has seen significant fluctuations from 2013 to 2023. After peaking at €1,140 million in 2014, it experienced a dip, hitting a low point of €741.85 million in 2020 due to various market disruptions. A recovery started in 2021, with the turnover standing at €936.7 million in 2023, showing a modest year-on-year growth of 1.52% and an average CAGR of 2.64% over the past five years.
Forecasted data from 2024 onwards indicates a steady upward trend, culminating in an estimated €1,010 million by 2028. This suggests a future 5-year CAGR of 1.18%, with a total forecasted growth rate of 6.04% over the same period.
Future trends to watch for include technological advancements in security systems, evolving regulatory landscapes, and increasing demand for cybersecurity solutions. Market players may also need to consider societal shifts such as remote work and heightened security awareness impacting service demands.
