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German security and investigation industry hit €9.2bn in 2019

960 640 Stuart O'Brien

The global security and investigation industry continues to experience growth fuelled by increased awareness of safety concerns and consumers’ willingness to spend on solutions – and with nearly 6,000 companies and 180,000 employees providing these types of services, Germany is emerging as one of the most significant European markets in the field.

According to a Kryptoszene.de research based on data from Statista, the German security and investigation industry reached €9.2 billion in revenue in 2019, with an annual growth of 2.9% between 2018 and 2019.

Private Security Activities Generate More than 80 Percent of the Overall Industry Revenue

In 2011, the German security and investigation industry reached €5.3 billion value and continued expanding in the following years. The report’s authors say the statistics demonstrate that industry revenue grew at a compound annual growth rate (CAGR) of 7.9 percent between 2011 and 2018, to reach €9.2 billion value in 2019.

Private security actions generated the most significant part of that amount, or €8.4 billion. Another lucrative source of profit on the German market is security systems service activities, which generated €500 million in revenue. Investigation activities brought €200 million in profit in 2019.

The German security and investigation industry is marked by a high growth dynamic, creating many opportunities for investors and innovative companies. The market includes various types of security-related facilities such as investigation and detective services, private security activities, guard and patrol systems, transportation and delivering money, receipts, or other valuable items while in transit and operation of electronic security alarm systems.

The statistics show that the increasing trend will continue in the following years, with the industry revenue expected to reach €9.8 billion by 2023.

Image by David Mark from Pixabay 

BSI Germany

Germany in ‘heightened readiness’ of cyber attacks

960 640 Stuart O'Brien

The German government has raised its alert level against cyber attacks ahead of parliamentary elections, warning that the attacks are already in progress on government websites on a daily basis, according to Reuters.

“We are noticing attacks against government networks on a daily basis,” Arne Schoenbohm, president of Germany’s Federal Office for Information Security (BSI), told the newspaper Welt am Sonntag.

BSI is in close contact with election officials, political parties and German federal states to discuss how best to guard against cyber attacks and stands ready to react to potential attacks ahead of the elections, Schoenbohm said.

The newspaper provided no details on the number and types of the alert levels, but said that levels had been raised since the cyber attacks interfered with the US presidential election.

The BSI is due to hold a press conference in Hanover at Germany’s largest annual technology conference, CeBIT.

Hackers infiltrated German Parliament’s computer network in May 2015, with a year-long report by the country’s intelligence agency concluding that the attack was most likely the work of Russian counterparts.

Back in December, 900,000 Germans lost access to internet and telephone services, under fresh claims from German politicians that the attacks were coming from Moscow.

In February this year the president of Germany’s BfV domestic intelligence agency, Hans Georg Maasen, warned that industrialised countries were becoming increasingly vulnerable to cyber attacks as industry increases the adoptions of digital technologies, and a “growing evidence for attempts to influence the federal election next year.”