The wages and salaries of private security services in Austria showed consistent growth from 2013 to 2017, with a notable year-on-year increase of 6.27% in 2016. However, 2018 experienced a slight decline of 4.85%, marking a temporary downturn. From 2019 onwards, the values stabilized, showing modest annual increases, achieving 2.32% growth in 2023, where the value stood at 308.8 million euros. Over the last five years, the compound annual growth rate (CAGR) averaged 2.35%.
Future trends suggest a steady but moderate growth in the industry with a forecasted 1.6% CAGR and a 5-year growth rate of 8.24% by 2028. The industry should monitor potential shifts such as technological advancements in security services, changes in regulatory policies, and economic factors that could influence labor costs.
