Security - Germany

Germany

The Security market in Germany is anticipated to see a significant increase in revenue, reaching €0.8bn in 2024.
This upward trend is expected to continue with a compound annual growth rate (CAGR 2024-2028) of 9.55%, resulting in a projected market volume of €1.2bn by 2028.
Furthermore, the number of active households in the Security market is projected to reach 29.1m users by 2028.
This growth indicates a promising market potential.
Household penetration, which measures the proportion of households adopting Security market solutions, is forecasted to be 21.2% in 2024 and is expected to rise to 66.6% by 2028.
This indicates a significant increase in the adoption of Security market solutions among households in Germany.
Currently, the average revenue per installed Smart_Home in Germany is estimated to be €91.21.
This figure provides insights into the average spending by households on Security market solutions.
When comparing the global market, it is noteworthy that in the United States generates the highest revenue in the Security market, amounting to €6,382.0m in 2024.
This highlights the dominance of the United States in this market segment, surpassing other countries, including in Germany.
Germany's security market is experiencing a surge in demand for cybersecurity solutions due to increasing digitalization and the need to protect critical infrastructure.

Key regions: Asia, Japan, United Kingdom, Norway, Europe

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Comparación de regiones

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Analyst Opinion

The Security segment targets the prevention/detection of burglaries, notifications about hazards such as fire or water leakage, emergency calls and access control. Its development is mainly driven by the replacement of traditional devices with connected ones. Main growth products in this case are smart locks and smart security cameras. Companies from several different industries compete in this market. Next to traditional security companies (e.g. ADT) and tech start-ups (Canary or Alarm.com), media companies and connectivity providers (e.g. AT&T or Comcast) also play an important role due to the high amounts of data that need to be transferred, especially in the video surveillance case. Developments vary strongly with country-specific conditions like burglary rates.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year in case market dynamics change.