In 2023, the number of persons employed in private security services in Denmark stood at 4.83 thousand employees. Over the past decade, the industry has seen varied growth patterns. Between 2013 and 2019, there was consistent growth, peaking at 26.78% in 2016, reflecting significant demand for security services. However, the sector faced a sharp decline in 2020 with a 15.44% drop, likely due to the COVID-19 pandemic's impact. The recovery was swift with a 12.44% increase in 2021 and continued growth in subsequent years, recording a 6.08% rise in 2023.
Year-over-year growth over the last two years indicates a robust recovery and expansion at 6.08% in 2023. Looking ahead, the compound annual growth rate (CAGR) for the next five years is forecasted to be 1.98%, with a total growth rate of 10.28% by 2028, suggesting a steady, though slower, increase in employment within this sector.
Future Trends to Watch For:
- Technological advancements and their impact on the demand for security personnel.
- Regulatory changes that might influence employment numbers in the sector.
- Evolving security threats and their implications on employment needs.
