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Security System Services in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 802 April 2024 Spotlight Report

Revenue

€13.8bn

2019-2024 4.5 %
2024-2029 X.X %

Employees

194k

2019-2024 3.4 %
2024-2029 X.X %

Businesses

18,843

2019-2024 5.1 %
2024-2029 X.X %

Profit

€X.Xbn

2019-2024 X.X %

Profit Margin

XX.X%

2019-2024 X.X pp

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Security System Services in Europe industry analysis

Private security systems remain integral to national security strategies. Developments such as terror attacks and civil unrest motivate governments to enhance surveillance and update ageing security systems. In 2020, the EU formulated a new Security Union Strategy to bolster early detection capabilities and facilitate stakeholder cooperation. This initiative allocates around €1.5 billion in annual funding to EU counter-terrorism agencies and an additional €1.9 billion to national counter-terrorism bodies. The EU's government spending on public safety and order increased by 20.7% between 2016 and 2021, reaching €252.8 billion. Overall, security systems revenue in Europe is projected to shrink at a compound annual rate of 4.5% over the five years through 2024, including an estimated decline of 1.1% in 2024 to €13.8 billion.

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Industry Statistics and Trends

Security System Services in Europe key trends

The EU pumps billions into advancing national security strategies.

 

Spurred by increased civil unrest and terror attacks, the EU has significantly boosted its budget for public order and safety, boosting demand for security systems.

Europe's booming construction sector fuels demand for security systems.

 

Increased investments on construction ventures, including government-driven housing subsidy programmes, are expected to continue bolstering the need for such systems.

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Security System Services in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Security System Services in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated €13.8bn in 2024.

Trends and Insights

Burglary statistics are dropping across the board in Europe, hampering demand for households’ security

  • Security system providers generally perform best when crime rates are high, as it incentivises businesses and households to invest in security to protect their assets.

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Security System Services in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

The growing construction market is set to support demand for security systems

  • The continued high number of construction projects in Europe is set to sustain demand for security systems, both for the completed buildings and the construction sites themselves.

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Revenue

€13.8bn

2019-2024 4.5 %
2024-2029 X.X %

Employees

194k

2019-2024 3.4 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 3.4 % *
  • Job Growth

Top 5 Countries

  1. Czechia +16.2%
  2. Cyprus +14.6%
  3. Lithuania +14.3%
  4. Luxembourg +9.8%
  5. Serbia +9.7%

Bottom 5 Countries

  1. Russia -28.0%
  2. Estonia -22.5%
  3. Croatia -1.7%
  4. United Kingdom-0.7%
  5. Belgium -0.7%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Security System Services in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Johnson Controls International plc
26,573.8
2,109.4
7.9
Securitas AB
16,277.5
863.7
5.3
ISS A/S
11,121.4
487.0
4.4

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Security System Services in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Security System Services industry in Europe in 2024?

The market size of the Security System Services industry in Europe is €13.8bn in 2024. 

How many businesses are there in the Security System Services in Europe industry in 2024?

There are 18,843 businesses in the Security System Services industry in Europe, which has grown at a CAGR of 5.1 % between 2019 and 2024.

Has the Security System Services industry in Europe grown or declined over the past 5 years?

The market size of the Security System Services industry in Europe has been declining at a CAGR of 5.1 % between 2019 and 2024. 

What is the forecast growth of the Security System Services industry in Europe over the next 5 years?

Over the next five years, the Security System Services industry in Europe is expected to decline.

What are the biggest companies in the Security System Services market in Europe?

The biggest companies operating in the Security System Services market in Europe are Johnson Controls International plc, Securitas AB and ISS A/S

Which companies have the highest market share in the Security System Services in Europe?

The company holding the most market share in Europe is Johnson Controls International plc.

Which countries have the most businesses in the Security System Services industry in Europe?

The European country with the most businesses in the Security System Services industry is United Kingdom.

How competitive is the Security System Services industry in Europe?

The level of competition is moderate and steady in the Security System Services industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Operators in this industry install, repair, maintain and monitor electronic security alarm systems, mechanical or electronic locking devices, safes and security vaults. The industry excludes the installation of security systems without later monitoring.

Related Terms

What's included in this industry?

Companies

Johnson Controls International plcSecuritas ABISS A/S

Industry Code

ISIC 2006

802 - Security systems service activities in Europe

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Performance

Key Takeaways

Burglary statistics are dropping across the board in Europe, hampering demand for households’ security

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Security System Services in Europe industry (2011 -2029)
  • Employees in the Security System Services in Europe industry (2011 -2029)
  • Business in the Security System Services in Europe industry (2011 -2029)
  • Profit in the Security System Services in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Security System Services in Europe industry?


Outlook

Analysis

What's driving the Security System Services in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Security System Services in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Security System Services in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Demand surges for remote security monitoring systems. Despite the drop in crime rates across Europe, the need for security remains vital, especially in commercial and government sectors, due to advances in remote monitoring technologies.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Security System Services in Europe industry's products and services performing?

Analysis

What are innovations in the Security System Services in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Security System Services in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Integrated security systems can attract clients. Security agencies use their integrated security systems, including personnel and modern technology, to attract clients by offering a comprehensive security package.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Johnson Controls International plc
  • Countries of operation for Securitas AB
  • Countries of operation for ISS A/S
  • Countries of operation for Atlas Ontario LP
  • Countries of operation for APi Group Corporation
  • Countries of operation for MITIE Group plc
  • Countries of operation for Prosegur Compañía de Seguridad, SA
  • Countries of operation for GardaWorld Corporation
  • Countries of operation for Convergint Technologies LLC
  • Countries of operation for Verisure Sàrl

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

There's tight regulation on storing personal data. Operators of camera systems must follow strict rules on storing people’s personal data, including images and recordings of them.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Security System Services in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Tech advances bolster security systems services. Innovative features like biometric alarms and lone worker protection not only offer superior security solutions but also foster profitability due to their cost-effectiveness.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Security System Services in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.