LAS VEGAS, Mar. 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: eva.henkel@gtai.com
T: +49(0)200099-173
F: +49(0)200099-111
http://www.gtai.com
SOURCE Germany Trade and Invest
