The turnover of private security services in the UK showed significant fluctuations between 2013 and 2023, peaking in 2016 at €8.32 billion and hitting a low in 2017 at €7.03 billion. Notably, year-on-year variation suggests a fluctuating trend with a significant decline of -15.46% in 2017. The 5-year CAGR before 2023 was -0.4%, indicating a slight downward trend. In 2023, the turnover stood at €7.17 billion, reflecting a year-on-year decrease of -0.44%.
Future trends to watch for include technological advancements in security technology, increasing demand for cybersecurity services amid rising cyber threats, and potential economic factors that may further impact the turnover in the private security sector. The forecasted 5-year CAGR for the period ending in 2028 is -0.37%, suggesting a continued slight decline in turnover.
