Forecast: Production in Security Systems Service Activities by Size Class in Chile

Production in the security systems service activities sector in Chile experienced significant fluctuations over the past decade. The value in 2023 stood at 200.38 billion Chilean Pesos, reflecting a year-on-year increase of 1.17%. Historical data indicates notable growth dynamics, with a strong rise in 2016 by 24.39% and a sharp decline in 2020 by 15.93%. During the last two years, the sector's performance demonstrated slight volatility with a minor growth rate of 1.17% in 2023. Over the past five years, the compound annual growth rate (CAGR) was 2.38%, suggesting moderate growth consistency.

Looking ahead, forecasts indicate a continuing upward trend, with the sector expected to reach 212.71 billion Chilean Pesos by 2028—a five-year growth rate of 4.68% and a forecasted five-year CAGR of 0.92%. Future trends to watch for include increasing integration of advanced technologies such as AI and IoT in security systems, a potential rise in demand for cybersecurity services amidst growing digital threats, and evolving regulatory frameworks that may impact service provisions in this sector.