The Security Systems Service Activities sector in Sweden saw steady employment growth from 2013 to 2017, peaking in 2017 at 5.14 thousand employees. This was followed by a decline from 2018 onwards, reaching 4.45 thousand employees in 2023, a decrease of 1.81% from the previous year. The annual CAGR over the past five years was -2.72%. Forecasts indicate continued decline through 2028, with an average annual decrease of 1.28%, resulting in a 6.24% overall reduction over the next five years.
Future trends to watch for:
- Technological advancements and automation may further reduce the demand for manual security services.
- Cybersecurity growth could potentially offset declines in traditional security system services.
- Economic conditions and regulatory changes might impact employment in the sector.