The number of employed persons in the UK's private security services sector was 174.13 thousand in 2023. The past decade saw notable fluctuations, with a high of 193.3 thousand in 2013 declining to 171.33 thousand forecasted in 2028. Key annual variations include significant dips in 2014 by 10.68% and an uptick in 2018 by 6.71%. Over the last two years (2022-2023), employment decreased by 0.31% each year, while the five-year CAGR (2019-2023) stood at -0.64%. Forecasted data from 2024 to 2028 suggests a gradual decline with a CAGR at -0.26% and a cumulative decrease of -1.28% over five years.

Future trends to watch for:

Technological advancements may replace some security roles, impacting employment numbers.
Regulatory changes could influence demand for security services.
Economic conditions may drive private sector security demands up or down.