The production value of private security services in Sweden stood at 1.42 billion Euros in 2023. Over the past decade, this sector has experienced fluctuations, with notable growth between 2013 and 2023, highlighted by a compound annual growth rate (CAGR) of 3.56%. The sector grew significantly in 2019 with a 15.61% increase but faced minor setbacks in 2018 and 2021 with declines of 7.72% and 3.65%, respectively. From 2022 to 2023, the year-on-year growth was modest at 1.24%. Forecasted data suggest a steady increase, with a five-year CAGR of 0.8% and an overall growth rate of 4.07% by 2028.

Future trends to watch for include:

Increased demand for cybersecurity services as digital threats rise.
Growth in technological advancements such as AI and machine learning enhancing security capabilities.
Shifts towards integrated security solutions combining physical and digital security measures.
Potential regulatory changes impacting the operational scope and expenditures of private security firms.