Industry revenue of »private security activities« in Slovakia 2011-2023

Apart from government run law enforcement agencies, the role of private companies offering a range of security services has assumed increasing importance over the years. These companies are capable of executing various tasks such as physical protection of facilities, personal protection, training, convoy protection or detective/investigative services. Therefore, the global security services market has jumped manifold over the period 2011-2019, with Asia overtaking Europe as the largest region.

The Slovakian private security industry has also gained significant traction over the last few years. In fact, these services have become an integral part of the country’s modern life, with a workforce similar to the police corps or even the army. Industry revenues are therefore expected to witness a robust increase from 466.8 million U.S. dollars in 2019 to almost 573 million U.S. dollars in 2023. The investigative services segment, only accounts for a small portion of the market, with revenues totalling 4.3 million U.S. dollars in 2019. Related personnel costs however have been on the decline.

Industry revenue of »private security activities« in Slovakia from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovakia. The industry “private security activities“ has the code “N801“.

Details on the methodology can be found here.

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