The turnover of private security services in Germany has shown a generally increasing trend from 2013 to 2023, with a notable surge in 2016, reaching 8.4 billion euros. However, there were fluctuations with slight declines in 2017, 2018, and 2019. Since 2020, the sector has seen consistent growth, peaking at 10.41 billion euros in 2023. The year-on-year variation from 2022 to 2023 was 4.56%, and the compound annual growth rate (CAGR) over the past five years stood at 5.66%. This indicates robust recent growth with momentary downturns.
Looking forward from 2024 to 2028, the forecast suggests continued growth with an expected CAGR of 3.04% and a total 5-year growth rate of 16.13%. Future trends to watch for include advancements in security technology, increasing demand for comprehensive security solutions, regulatory changes, and the impact of macroeconomic conditions on spending in security services. These factors will be crucial in shaping the market dynamics ahead.
