The turnover of private security services in Finland showcases a steady growth trajectory from 2013 to 2023, moving from €463.4 million to €825.3 million. The sector has experienced fluctuations, sharp increases notably in 2015 (up by 20.62%) and steady growth thereafter. The impact of COVID-19 in 2020 resulted in a 5.4% decline, but the market rebounded quickly with growth in subsequent years, reaching a 4.01% increase in 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 3.42%.
Future projections from 2024 to 2028 indicate continued growth, with an estimated turnover of €979.2 million by 2028. The forecast five-year CAGR is 2.71%, predicting a stable increase. Over the forecast period, the total growth is expected to be 14.3%, suggesting a slower yet consistent rise compared to the previous years.
Key factors influencing future trends include advancements in security technology, heightened demand for private security amid global uncertainties, and potential regulatory changes. Monitoring evolving security needs and technology innovations will be crucial for stakeholders adapting to the expanding market dynamics.
