Forecast: Number of Employees in Security Systems Service Activities Sector in Chile

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.