The German Security Systems Service Activities sector has experienced significant growth over the past decade, reaching €1,250 million in 2023. The year-on-year growth in 2021 was 20.72%, while in 2022, it was 19.21%. 2023 saw a growth of 14.28%, resulting in a notable bounce-back from the 26.82% dip in 2020. The five-year CAGR stands at 9.67%, reflecting a robust recovery and steady growth trajectory expected to continue.

The forecast for the coming years suggests a continuation of this upward trend, with the sector projected to reach approximately €1,690 million by 2028. This implies a five-year growth rate of 26.03% and a forecasted CAGR of 4.74%.

Future trends to watch for:

Increased adoption of advanced security technologies such as AI and IoT.
Growing focus on cybersecurity services in response to escalating cyber threats.
Expansion of integrated security solutions blending physical and digital security services.