Analysis of the data on the number of persons employed in private security services in Germany reveals a fluctuating trend from 2013 to 2023. The sector experienced significant growth from 2013 to 2016, reaching a peak in 2017. However, the period from 2018 onwards marked a continuous decline, with the number of employees decreasing steadily year-on-year. In 2023, the industry stood at 184.34 thousand employees, representing a -3.57% decrease from the previous year and an average annual decline rate (CAGR) of -3.85% over the last five years. The forecast predicts a continuous downtrend, expecting the number of employees to fall to 151.27 thousand by 2028, with a forecasted 5-year CAGR of -3.16% leading to an overall 14.82% drop.
Future trends to watch for include:
- The potential impact of evolving security threats and technological advancements on employment.
- Regulatory changes and economic conditions that may affect the demand for private security services in Germany.
- The role of automation and AI in transforming the security landscape and its impact on job numbers.
