The turnover of private security services in Denmark has grown from 211.4 million Euros in 2013 to 358.7 million Euros in 2023. Notable year-on-year increases occurred in 2014 (8.51%) and 2016 (23.47%), indicating substantial market expansion during these periods. The CAGR over the last five years leading up to 2023 stands at 3.56%, reflecting moderate but stable growth.
From 2024 onward, with the turnover expected to reach 414.3 million Euros by 2028, the forecasted CAGR is 2.29%. This suggests a relatively steady annual increase in market size over the coming five years. The projected 11.97% growth rate over this period points to sustained demand for security services.
Future trends to watch for include advancements in security technology, such as AI and IoT, which could drive efficiency and service offerings. Additionally, increased urbanization and potential regulatory changes might further influence market dynamics and growth prospects.
