In 2023, the turnover of private security services in Norway stood at 428.9 million euros. Forecast data from 2024 to 2028 indicates a consistent year-on-year decline in turnover, with the value decreasing from 422.7 million euros in 2024 to 403.6 million euros in 2028. The year-on-year percentage variation shows a steady decrease in turnover by approximately 1.1% to 1.2% annually. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) reflects an average annual decline of nearly 1.2%.
Future trends to watch for include potential changes in regulatory environments, technological advancements in security services, fluctuations in demand due to economic conditions, and the impact of new entrants or consolidation within the industry. Monitoring these factors will be crucial to understanding the dynamics and potential shifts in the private security services market in Norway.
