The security and investigation services industry in Denmark has shown steady growth over the years. Starting from a production value of €443.6 million in 2013, the industry has grown to €733.8 million by 2023. The data indicates significant growth spurts in certain years, such as a 15.42% increase in 2016 and a 19.89% increase in 2017. However, there were minor declines and stagnations, like the slight drop of -1.27% in 2018. More recently, the market continued to expand with a consistent yet moderate year-on-year increase of around 2.33% in 2023. Over the last five years leading up to 2023, the compounded annual growth rate (CAGR) stands at approximately 3.07%.
Future forecasts predict continued steady growth, with an estimated production value rising to €815.9 million by 2028. The forecasted CAGR for the next five years (2024-2028) is 1.69%, showing an expected cumulative growth of 8.73% over the period. While the growth rate appears to slow down compared to the previous five years, the industry is still on a positive trajectory.
Future trends to watch for include:
- Increased demand for cybersecurity services in response to rising cyber threats.
- Technological advancements leading to new services and efficiencies in traditional security operations.
- Regulatory changes and their impact on market dynamics and competitive landscape.
