The production value of private security services in Germany has shown significant growth from 2013, starting at 4.68 billion Euros, and reaching 8.97 billion Euros by 2023. The data reveals a notable overall increase despite fluctuations, with the highest year-on-year growth observed in 2016 at 19.64%. Following that peak, there were periods of reduced growth and minor declines, such as between 2017 and 2018. However, the market rebounded sharply in 2020 with a 13.81% increase and has stabilized since then, maintaining a year-on-year growth of around 4% for the past two years. As of 2023, the market stood at 8.97 billion Euros and experienced an average annual growth (CAGR) of 5.65% over the past five years.
Looking ahead, the forecast suggests that by 2028, the market will reach 10.72 billion Euros, marking a 14.93% growth over five years with a CAGR of 2.82%. Future trends to watch for include emerging technology integration, increased demand for cyber-security services, and a potential rise in public-private security collaborations. Monitoring these trends will be crucial for stakeholders in the market.
