Solid growth in the market for electronic security technology

In 2023, the market for electronic security technology in Germany recorded an increase in turnover of 3.6% to more than 5.3 billion euros. "Overall, growth in 2023 was slightly lower than in the two previous years. There are also considerable differences between the individual trades - but the important thing is that everyone was able to grow," said Dirk Dingfelder, Chairman of the ZVEI Security Association. "The trend towards the integration of electronic security technology through digitalization and networking has been confirmed. The market is continuing to develop towards networked products and systems, and the importance of the software component and accompanying digital services is steadily increasing," said Axel Schmidt, Chairman of the Board of BHE Bundesverband Sicherheitstechnik e.V. (German Security Technology Association).