The production value of private security services in Denmark has shown a robust upward trend from 2013 to 2023, increasing from 206.2 million Euros to 376.1 million Euros. Notably, the sector saw significant growth spurts, with the highest year-on-year increase of 22.15% in 2016. However, this rise was punctuated by a minor contraction in 2018 and slower growth in 2020 and 2022, attributing to the economic impacts of global events.
In 2023, the value of private security services stood at 376.1 million Euros. The year-on-year variation for 2022 and 2023 was 3.68% and 3.55%, respectively. Over the past five years, the CAGR averaged 4.31%, demonstrating steady but decelerating growth as the market matures.
Future trends to watch for include increased integration of advanced technologies like AI and IoT in security services, along with greater demand for cyber security solutions driven by the digital transformation across industries.
