As of 2023, the number of employees in Turkey's security systems service activities sector stands at 7.79 thousand. This marks a minimal year-on-year decrease of 0.38%. Over the past two years, the sector saw minor fluctuations, with a consistent slight decline in the workforce. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 is -1.32%, reflecting an average annual decline.
Between 2014 and 2018, the sector experienced robust growth. However, in 2019, the sector encountered a significant drop of 9.42% in the number of employees. From 2020 to 2022, the workforce growth rate became more volatile, though still varying within a small range.
Forecasts for the upcoming years from 2024 to 2028 project a continued gradual decline. The predicted five-year CAGR stands at -0.29%, equating to a 1.46% reduction in workforce size over this period.
Future trends to watch for:
- Technological advancements and increased use of automation and AI in security systems.
- Possible consolidation in the industry leading to larger but fewer firms.
- Shifts in regulatory environments and their impact on security needs and services.
- Evolution of cybersecurity threats necessitating expanded services.