The value added of security, services to buildings, and other business support activities in the UK is forecasted to increase steadily from 2024 to 2028, reaching 47.24 billion pounds by 2028. The year-on-year growth is approximately 2.35% for each ensuing year. As of 2023, the actual value stood at 42.33 billion pounds. Over the forecasted period, the compound annual growth rate (CAGR) is expected to be 2.25%, indicating a moderate yet consistent upward trend.
Future trends to watch for include:
- Technological advancements in building security systems which could drive additional value.
- An increased focus on sustainability which may elevate demand for eco-friendly building services.
- Potential shifts in business environments post-Brexit affecting demand for these services.
