Forecast: Employment in Security Systems Service Activities Sector in Belgium

The employment in the security systems service activities sector in Belgium has been characterized by significant fluctuations over the past decade. After seeing some growth in 2013 and a sharp decline in 2014, the employment figures continued to oscillate. There were temporary rises in 2016 and 2017 followed by consistent declines from 2018 onward. In 2023, employment stood at approximately 0.507 thousand FTE, having decreased significantly from 1.34 thousand FTE in 2017. The last five years show an average annual decline (CAGR) of -12.19%.

Future trends to watch for:

  • The forecast predicts a continual decline, with a significant average annual decline (CAGR) of -29.46% over the next five years.
  • By 2028, the sector is expected to experience an overall reduction in employment by 82.54% compared to 2023, resulting in a concerning contraction of the workforce.
  • Monitoring potential technological advancements and market disruptions is critical as these factors might further accelerate or decelerate the employment decline.

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