The Security Systems Service Activities sector in Chile has experienced fluctuations over the years. From 2013 to 2023, the employee count peaked in 2016 at 11.76 thousand and saw a decline in subsequent years. As of 2023, the number of employees stands at 9.7 thousand. There was a notable drop in 2018 by 20.08%, and a generally decreasing trend followed with a year-on-year variation of -0.68% in 2023. Over the last five years, the sector saw an average annual decrease (CAGR) of 0.8%.
Future projections indicate a continued decline, with the number of employees expected to decrease by a CAGR of 0.57% over the next five years, reaching 9.36 thousand by 2028. The overall forecasted growth rate for this period is -2.8%.
Key future trends to watch for include:
- Technological advancements potentially reducing manpower needs.
- Changing security priorities amid evolving threat landscapes.
- Legislative or regulatory changes impacting sector employment.