The private security services sector in Belgium has shown a steady increase in employment from 15,110 employees in 2013 to 20,170 employees in 2023. This represents a 33.4% increase over the period, averaging an annual growth rate (CAGR) of approximately 2.59% over the last five years. The year-on-year growth remained positive overall, with notable peaks in 2016 and fluctuations contributing to a stable upward trend. From 2024 to 2028, the forecast indicates continued growth, albeit at a slightly slower rate, with a projected CAGR of 1.61%.

Future trends to watch for:

Technological advancements and integration of AI in security services potentially reducing the demand for human workforce.
Increased regulatory changes impacting employment dynamics and operational structure.
Economic conditions and geopolitical stability influencing corporate security budgets and staffing needs.