In 2023, the Security and Investigation Services sector in Canada employed approximately 158.2 thousand individuals. Forecasts indicate a steady growth from 2024 to 2028, with employment figures increasing from 165.77 thousand to 198.17 thousand. Year-on-year, employment is predicted to rise by approximately 4.9% (2024-2025), 4.7% (2025-2026), 4.4% (2026-2027), and 4.2% (2027-2028). Over the forecasted five-year period, the compound annual growth rate (CAGR) is about 4.6%.
Future trends to watch for:
- Technological advancements driving demand for cybersecurity roles.
- Industry growth fueled by increased concern over security threats.
- Potential labor market impacts from automation.
