The turnover in the Security Systems Service Activities sector in Sweden has shown a consistent upward trend from 2013 to 2023, starting at 7.12 billion SEK in 2013 and reaching 12.78 billion SEK in 2023. The annual growth rate has generally been positive, except for a notable dip in 2019. Over the last two years, the sector saw a year-on-year increase of approximately 4.75% in 2022 and 4.49% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years stands at 4.29%. Forecasts indicate continued growth, with the sector expected to reach 15.45 billion SEK by 2028, reflecting a forecasted 5-year CAGR of 3%, leading to an overall growth rate of 15.91% over the period.
Future trends to watch for include:
- The impact of technological advancements, such as AI and IoT integration, on security solutions.
- Increasing demand for cybersecurity services amid rising concerns over data breaches.
- Potential market consolidation as firms seek to enhance their service offerings and market share.
