Europe Security Market Size & Outlook, 2023-2030
Europe security market, 2017-2030 (US$M)
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Europe security market highlights
- The Europe security market generated a revenue of USD 31,600.8 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, system was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 31,600.8 million |
| Market revenue in 2030 | USD 48,066.2 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Service |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.0% of the global security market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,030.8 million by 2030.
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Security Market Scope
Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to security market will help companies and investors design strategic landscapes.
System was the largest segment with a revenue share of 78.85% in 2023. Horizon Databook has segmented the Europe security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.
Prominent growth of video security surveillance systems in Europe drives the market growth. In public and private settings, video security surveillance systems are frequently employed in Europe.
Most institutions in Europe, including minor executive agencies with just a few CCTV cameras and EU organizations with seats in numerous member states operating hundreds of cameras, have video surveillance in place on their premises fueling the market growth.
During the anticipated period, the demand for video surveillance systems in Europe is likely to be driven by the development of new hotels and shopping centers and a thriving tourism sector. Prominent launches by key major players in this region are propelling market growth.
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Target buyers of Europe security market databook
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Our clientele includes a mix of security market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe security market , including forecasts for subscribers. This continent databook contains high-level insights into Europe security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe security market size, by country, 2017-2030 (US$M)
Europe Security Market Outlook Share, 2023 & 2030 (US$M)
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