The production value of private security services in Norway is forecasted to decline from 422.0 million Euros in 2024 to 402.2 million Euros by 2028. In 2023, this value stood at approximately 427.1 million Euros. The year-on-year decline in production value shows a consistent decrease, with 2025 dropping by 1.18%, 2026 by 1.18%, 2027 by 1.19%, and 2028 by 1.23%. Over the last two years, the sector experienced an average contraction of around 1.15%. Observing the five-year trend, the Compound Annual Growth Rate (CAGR) indicates an average yearly decline of approximately 1.21%.

Future trends to watch for:

Emerging security technologies and their impact on traditional service models.
Shifts towards cyber security and integrated security solutions.
Regulatory changes affecting the private security industry.
Potential market consolidation among service providers.
Expanding demand for security services in new sectors such as data centers and remote monitoring.