Employment in Belgium's security systems services sector has seen significant fluctuations from 2013 to 2023. In 2023, employment stood at 0.836 thousand, reflecting a 10.2% decline from the previous year. Observing trends over the last five years, the sector experienced a consistent downtrend, with a CAGR of -8.84%. Historical data displays sporadic year-on-year growths and declines, with notable contractions in 2014, 2015, and 2021.
Forecasts from 2024 onward project a continuing decline, ushering in a CAGR of -12.74% over the next five years and an overall reduction of 49.39% by 2028. Key trends to watch include the potential impact of technological advancements, such as automation, and shifts in demand for security services in response to evolving security threats and regulatory changes.
