Forecast: Value Added in Security Systems Service Activities Sector in Chile

The value added in the security systems service activities sector in Chile has shown a significant upward trend from 2013 to 2023, standing at 139.12 billion Chilean Pesos in 2023. After witnessing a substantial rise from 2013 through 2017, it experienced fluctuations with a noteworthy dip in 2018, followed by a steady recovery. The year-on-year variations demonstrate the sector's recovery and stabilization, with a recent CAGR of 5.26% over the last five years.

Key trends over the past years:

- Strong growth period: 2013-2017.

- Fluctuation and recovery: 2018-2023.

- Steady growth: Recent years ending with a 3.4% increase in 2023.

Future trends to watch for:

- Continued steady growth with a forecasted 5-year CAGR of 2.27% and overall growth of 11.87% by 2028.

- Potential impact of technological advancements and regulatory changes in the security sector.

- Increasing demand for integrated security solutions may drive further market expansion.