The Security and Investigation Services sector in Canada logged 287.50 million hours in 2023. Forecast data for this sector suggests a steady year-on-year increase in employment hours, rising to 301.86 million in 2024, 320.34 million in 2025, 338.73 million in 2026, 357.03 million in 2027, and 375.23 million in 2028. The year-on-year variations are notable, displaying a 6.2% increase from 2023 to 2024, 6.1% from 2024 to 2025, 5.7% from 2025 to 2026, 5.4% from 2026 to 2027, and 5.1% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 5.7%.
Future trends to watch for include advancements in security technology driving demand for services, the growing importance of cybersecurity boosting the sector, and potential labor market disruptions due to economic shifts or regulatory changes. These factors could significantly influence employment demands in this sector.
