From 2013 to 2023, the production value of security and investigation services in Belgium grew from 1.1 to 1.69 billion Euros. The year-on-year variation showed significant fluctuations, with the highest growth rate observed in 2016 at 21.41%, while 2014 saw a decrease. From 2021 to 2023, the sector witnessed steady growth, with yearly increases of 3.44%, 3.32%, and 3.19%, respectively. The compound annual growth rate (CAGR) over the last five years was 3.69%.
Looking ahead, the forecast from 2024 to 2028 indicates a continued upward trend, with the sector expected to reach 1.95 billion Euros by 2028. The forecasted 5-year CAGR is 2.26%, translating to an 11.8% growth over the period.
Future trends to watch for:
- Advancements in technology driving demand for sophisticated security solutions.
- Increasing regulatory requirements and compliance costs.
- Growing focus on cybersecurity amid rising digital threats.
- Potential impacts of economic fluctuations on the sector's growth trajectory.
