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

The number of employees in the Security Systems Service Activities sector in Italy marked a notable rise from 1.64 thousand in 2013 to 3.32 thousand in 2023. This represents a significant upward trend over the past decade. Between 2021 and 2022, the number of employees grew by 6.24%, followed by a 5.81% increase from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years stands at 8.12%.

Looking forward, the projections indicate continued growth. The forecast for 2024 shows an employment rise to 3.5 thousand, with an expected steady increase reaching 4.2 thousand by 2028. The forecasted CAGR over the next five years is estimated at 3.73%, showing a forecasted cumulative growth of 20.11%.

Future trends to watch for include technological advancements driving demand for more sophisticated security solutions, regulatory changes impacting the sector, and the adoption of smart security systems which may create new employment opportunities.