The production value of security and investigation services in Germany in 2023 stood at 9.63 billion euros. Since 2022, there was a year-on-year increase of 3.16%. Over the last two years, there was consistent growth, with annual increases of 3.32% and 3.16%. The compound annual growth rate (CAGR) over the last five years saw a slight deceleration to 4.8%.
From 2013 to 2023, the industry experienced fluctuating growth patterns, highlighted by a peak CAGR of 10.92% in 2016, a slight decline in 2018, and subsequent steady growth. The forecast suggests modest, sustained growth with a 5-year CAGR forecast of 2.15%, amounting to an 11.21% increase by 2028.
Future Trends to Watch:
- Integration of advanced technologies, such as AI and IoT, into security services
- Growing demand for cybersecurity services
- Increased focus on sustainable and eco-friendly security solutions
- Rising importance of regulatory compliance and data protection