The self-employed people in the Security and Investigation Services sector in Canada experienced varied growth from 2013 to 2023, with notable declines post-2019, particularly a sharp -21.54% year-on-year drop in 2020. The sector appears to stabilize slightly post-2021, but continues to face challenges, indicated by a -1.93% change in 2023 and an anticipated -0.77% CAGR through to 2028. This trend suggests a gradual but persistent contraction in the sector over the next five years.
Looking ahead, key trends to monitor include technological advancements in security services, shifts in demand due to changing crime rates and privacy concerns, and the impact of economic fluctuations on self-employment opportunities in this sector. These factors will likely influence the sector’s trajectory and offer insights into potential recovery or further declines.
