The security and investigation services output in Mexico experienced substantial growth from 2013 to 2019, peaking at 112.0 Billion Mexican Pesos in 2019. Growth varied significantly, with the highest year-on-year increase recorded in 2019 at 11.8%. However, the market faced a downturn starting in 2020 due to pandemic-related impacts, illustrated by an 8.68% decline. The sector remained relatively stagnant through 2022, but saw a slight recovery of 2.66% in 2023, bringing its value to 98.53 Billion Mexican Pesos. The 5-year CAGR ending in 2023 stood at -0.33%.
Looking forward, forecasts indicate a positive trend with a forecasted 5-year CAGR of 1.85%, expecting the security and investigation services market to reach 110.73 Billion Mexican Pesos by 2028, illustrating a 9.62% growth over the span.
Future trends to watch for include technological advancements in security systems, increased demand for private security, and evolving regulatory landscapes which can influence service offerings and market dynamics significantly.
