Private security industry posted record turnover of €963m last year, according to PSA

Measured by turnover, the private security industry is 23% larger now than it was in 2019, when its income was €781.6m.

Ireland’s private security industry posted record turnover of €963m in 2022, driven largely by increased demand for security guards and electronic security features, according to new figures from the sector’s regulator.

The latest annual report from the Private Security Authority (PSA), a body under the aegis of the Department of Justice, shows the industry pulled in some €962.9m last year, a 7% rise on the €902m made in 2021, with more than half of it paid out for the provision of 27,300 security guards to the private sector.