The number of employees in the Security Systems Service Activities sector in Germany has exhibited significant fluctuations over the past decade. In 2023, the sector employed 17.01 thousand people. Observing year-on-year variations, there were substantial increases in certain years, such as 2021 (31.66%) and 2017 (22.07%), contrasted with sharp declines, notably in 2020 (-15.62%) and 2018 (-24.78%). The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 6.49%, indicating a positive trend despite the volatility. Forecasted data suggests continued growth, with a 2.14% forecasted five-year CAGR, leading to a total of 19.46 thousand employees by 2028.
Future trends to watch for in this sector include advancements in security technologies, potential regulatory changes, and the impact of economic conditions on the demand for security services. Monitoring these factors will be crucial for predicting sector growth and employment trends.