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Security - Slovenia

Slovenia
  • Revenue in the Security market is projected to reach US$3.9m in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 13.48%, resulting in a projected market volume of US$6.4m by 2029.
  • In the Security market, the number of active households is expected to amount to 352.3k users by 2029.
  • Household penetration will be 33.3% in 2025 and is expected to hit 40.2% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$11.76.

Definition:

The Security market includes the sale of devices for networked access control and management for buildings and premises. This includes surveillance products (e.g., security cameras, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms that are not related to smart home are not included.

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes so as the household penetration rate by smart home, and key players. Figures are generated through both online and offline sales channels and include exclusive spending by consumers (B2C). Market leaders include TP-LINK, Ring, Google, LG, Xiaomi, and other brands renowned for their innovation, brand recognition, and expansive distribution channels within their respective categories. For more information on the data displayed, use the info button right next to the boxes.

In-Scope
  • Digitally connected and controlled devices for burglar prevention and other security issues
  • Motion sensors, door locks, security cameras (with or without face recognition)
  • Surveillance gadgets with connection to a broader smart home (e.g., eufyCam S330, Bosch Smart Home - Starter Set Alarm (Gen. 2))
  • Hazard prevention devices like water, smoke or gas sensors (e.g., TESLA Smart Intelligent Gas Sensor)
Out-Of-Scope
  • Classical security devices without smart home connection
  • B2B/C2C sales of any kind (e.g., to hotels or office buildings)
Security: market data & analysis - Cover

Market Insights report

Security: market data & analysis
CONTENTBOX_CAPTION_STUDY_DETAILS

    Revenue

    NOTES: Data was converted from local currencies using average exchange rates of the respective year.

    MOST_RECENT_UPDATE: Oct 2024

    SOURCE: Statista Market Insights

    MOST_RECENT_UPDATE: Oct 2024

    SOURCE: Statista Market Insights

    Key Players

    MOST_RECENT_UPDATE: Mar 2024

    SOURCE: Statista Market Insights

    Product Types

    MOST_RECENT_UPDATE: Oct 2024

    SOURCE: Statista Market Insights

    Global Comparison

    MOST_RECENT_UPDATE: Oct 2024

    SOURCE: Statista Market Insights

    Analyst Opinion

    The Security market in Slovenia has been experiencing steady growth in recent years, driven by increasing customer preferences for advanced security solutions and the rising need for protection against various threats. Customer preferences in the Security market in Slovenia have been shifting towards more sophisticated and integrated security systems.

    With the advancement of technology, customers are increasingly looking for solutions that offer not only physical security but also digital protection. This includes the demand for smart security systems that can be controlled remotely and provide real-time monitoring and alerts. Additionally, there is a growing interest in biometric security solutions, such as fingerprint scanners and facial recognition systems, which offer enhanced authentication and access control.

    Trends in the Security market in Slovenia are also influenced by global and regional developments. The increasing prevalence of cyber threats and the need to protect against them have led to a growing demand for cybersecurity solutions. This includes the adoption of advanced firewalls, intrusion detection systems, and encryption technologies.

    Furthermore, the rise in urbanization and the need for public safety have resulted in the deployment of video surveillance systems and access control solutions in public spaces and buildings. Local special circumstances in Slovenia contribute to the development of the Security market. The country's strategic location in Central Europe makes it an important transit point for goods and people, increasing the need for border security and transportation security systems.

    Additionally, Slovenia's growing tourism industry has created a demand for security solutions in hotels, resorts, and other tourist destinations. Underlying macroeconomic factors also play a role in the growth of the Security market in Slovenia. The country's stable economic environment and increasing disposable income have enabled individuals and businesses to invest in security solutions.

    Moreover, government initiatives to improve security infrastructure and regulations related to data protection have further fueled the market growth. In conclusion, the Security market in Slovenia is developing in response to changing customer preferences, global and regional trends, local special circumstances, and underlying macroeconomic factors. The increasing demand for advanced security solutions, including smart security systems and cybersecurity solutions, is driving the market growth.

    With the country's strategic location, growing tourism industry, and favorable economic conditions, the Security market in Slovenia is expected to continue its upward trajectory in the coming years.

    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 category. 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 innovative products 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 once a year, in case market dynamics change we do more frequent updates.

    Consumer

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    Security: market data & analysis - BackgroundSecurity: market data & analysis - Cover

    Key Market Indicators

    NOTES: Based on data from IMF, World Bank, UN and Eurostat

    MOST_RECENT_UPDATE: Jan 2025

    SOURCE: Statista Market Insights

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