Mobile Menu

Private Security Services in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-N801 March 2024 Factsheet

Revenue

€1.4bn

2019-2024 0.7 %
2024-2029 X.X %

Employees

20,443

2019-2024 2.4 %
2024-2029 X.X %

Businesses

241

2019-2024 9.3 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Private Security Services in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

Access the 5-year outlook with purchase. View purchase options

National industry coverage with a European twist

  • Market estimates from 2014-2029
  • Data-rich reports comparing industry performance, threats, opportunities and country rankings
  • PDF report or online database with Word, Excel and PowerPoint export options
  • 100% money back guarantee
Purchase options Download sample

About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#13 In Europe
Business
#23 In Europe
Employees
#18 In Europe
Wages
#12 In Europe

View industry report for Europe

Several high-profile events hosted across Europe have created work for private security services. In 2022 and 2023, Queen Elizabeth II's funeral and King Charles III's coronation necessitated a massive security presence to supplement police efforts in crowd control. The upcoming 2024 Summer Olympics in Paris and the 2024 UEFA European Football Championship in Germany will both need a major security presence. Private security revenue is projected to shrink at a compound annual rate of 3.7% to €70.4 billion over the five years through 2024, including a drop of 3.3% in 2024.

Unlock more insights on Belgium and the most comparable countries in Europe with purchase. View purchase options.

Enterprises
Number of businesses in 2024

Biggest companies in the Private Security Services in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Securitas AB
16,277.5
863.7
5.3
Atlas Ontario LP
19,586.0
596.0
3.0
Prosegur Compañía de Seguridad, SA
4,580.0
442.8
9.7

Access statistics and analysis on all 10 companies with purchase. View purchase options.

Top Questions Answered in this Report

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Private Security Services industry in Belgium in 2024?

The market size of the Private Security Services industry in Belgium is €1.4bn in 2024.

How many businesses are there in the Private Security Services in Belgium industry in 2024?

There are 241 businesses in the Private Security Services industry in Belgium, which has declined at a CAGR of 9.3 % between 2019 and 2024.

Has the Private Security Services industry in Belgium grown or declined over the past 5 years?

The market size of the Private Security Services industry in Belgium has been declining at a CAGR of 0.7 % between 2019 and 2024.

What is the forecast growth of the Private Security Services industry in Belgium over the next 5 years?

Over the next five years, the Private Security Services industry in Belgium is expected to grow.

What are the biggest companies in the Private Security Services market in Belgium?

The biggest companies operating in the Private Security Services market in Belgium are Securitas AB, Atlas Ontario LP and Prosegur Compañía de Seguridad, SA

What does the Private Security Services in Belgium include?

Security guard services and Armoured car services are part of the Private Security Services industry.

Which companies have the highest market share in the Private Security Services in Belgium?

The company holding the most market share in Belgium is Securitas AB.

How competitive is the Private Security Services industry in Belgium?

The level of competition is moderate and steady in the Private Security Services industry in Belgium.

Related Industries

This industry is covered in 37 countries

Explore full Europe Collection

Unlock Holistic European coverage

Members get access to 450+ industries across Europe, including comparative data for 37 countries.

View purchase options

Or contact us for multi-user and corporate license options

Table of Contents

About this industry

Industry definition

Companies in the industry provide guard and patrol services, armoured car services and polygraph and fingerprint services. They also pick up and deliver money and offer security shredding of information on any media.

Related Terms

POLYGRAPH REMOTE GUARDINGCASH-IN-TRANSIT

What's included in this industry?

Security guard servicesArmoured car servicesFingerprint servicesPolygraph services

Companies

Securitas ABAtlas Ontario LPProsegur Compañía de Seguridad, SA

Industry Code

ISIC 2006

801 - Private security activities in Belgium

View up to 10 companies with purchase. View purchase options.

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Private Security Services in Belgium industry?


Outlook

Analysis

What's driving the Private Security Services in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Private Security Services in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Private Security Services in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Falling cash usage curbs armoured car services demand. As transactions have moved towards digital platforms, the need for secure cash transport provided by private security companies has dropped.

View more insights with purchase. View purchase options.

Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Private Security Services in Belgium industry's products and services performing?

Analysis

What are innovations in the Private Security Services in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Private Security Services in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Big agencies use economies of scope to attract clients. Security agencies use their integrated security systems, including personnel and modern technology, to attract clients.

View more insights with purchase. View purchase options.

Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Private Security Services in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Security guards need official training and licences. Many countries in Europe have a private security regulator that gives out permits to trained security guards.

View more insights with purchase. View purchase options.

External Drivers

Analysis

What demographic and macroeconomic factors impact the Private Security Services in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Security companies' profits rebound post-pandemic. As public events like sports matches and music concerts resumed in 2021, demand for crowd control surged, boosting revenue and profitability.

View more insights with purchase. View purchase options.

Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Private Security Services in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.