From 2013 to 2023, the number of persons employed in private security services in Austria showed fluctuating trends. Initially, there was a steady increase up to 2017 with a peak value, followed by a notable decline from 2018 onwards. By 2023, employment figures had decreased to 11.73 thousand employees.
Year-on-year variations over the past two years showcased a consistent downward trend, with decreases of 2.89% in 2022 and 2.95% in 2023. The five-year Compound Annual Growth Rate (CAGR) ending in 2023 was recorded at -3.4%, indicating a significant reduction in employment over these years.
Forecast data from 2024 to 2028 suggests an ongoing decline, with a forecasted five-year CAGR of -2.55% and an overall growth rate of -12.12% by the end of the period.
- Mid-term employment peaked in 2017, followed by a decline.
- Recent years indicate a steady reduction in workforce.
- Forecast through 2028 anticipates continued contraction in employment numbers.
Future trends to watch for include changes in security technology, regulatory impacts, and the potential effects of economic cycles on the demand for security services. Observing how these factors influence employment in the sector will be crucial for understanding long-term trends.
