ISC West: German Quality Drives Growth in Security Segment

LAS VEGAS, March 19, 2010 /PRNewswire/ -- Sales in the German security technology market are expected to grow by more than 50 percent by 2015. From biometrics to IT security, German quality products and services are in high demand. Germany Trade & Invest will be presenting the latest opportunities in Germany's growing security technology industry at this year's International Security Conference & Expo (ISC West) in Las Vegas from March 23-26.

According to the German Ministry of Economics and Technology, revenue in this cross-cutting high-tech industry should surpass EUR 31 billion by 2015. This is a sharp increase over 2008 revenues of EUR 20 billion. 2009 figures are expected shortly.

Several industry segments promise particularly high growth potential. These areas include IT security, theft and personal protection, civil security equipment, and identification, authentication and biometrics technology.

Across the security technology industry, high-quality, reliable products and services are critical. Products bearing the "Made in Germany" label are synonymous with these high quality attributes. German companies are expecting revenues of up to EUR 21 billion by 2015. At the same time, companies based abroad can also tap into these opportunities, as one-third of sales in Germany are generated by companies based outside the country. With the largest security technology market in Europe, Germany is an attractive home for security companies. A large customer base, generous research and development funding, and well developed high-tech industries make Germany a prime business location.

One security technology cluster can be found in the German capital region of Berlin-Brandenburg. More than 40 public and private research facilities are active in security research. The region is also home to a central unit for security industries at the ZAB Brandenburg Economic Development Board in order to meet the growing demand in the coming years.

Germany Trade & Invest will have representatives at booth #40014 to showcase the business opportunities available in Europe's largest security technology market. Representatives of ZAB Brandenburg Economic Development Board will also present the latest developments in the capital region.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities to the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

    Eva Henkel
    Email: [email protected]
    T: +49(0)200099-173
    F: +49(0)200099-111

    http://www.gtai.com

SOURCE Germany Trade and Invest