Annual Revenue Generated by Private Security Sector and Value-add Per Worker for 2015 to 2018 and Total Industry Revenue of Security Technology Firms for 2018 and 2019

Mr Zainal Sapari asked the Minister for Trade and Industry (a) what is the annual revenue generated by the private security sector from 2015 to 2019; (b) what is the value add (VA) per worker for the same period; and (c) what is the total industry revenue of security technology firms for 2018 and 2019.

Mr Chan Chun Sing: Between 2015 and 2018, the revenue of the private security industry averaged $2.2 billion per year, while its nominal value-added (VA) per worker averaged $38,300 per year (refer to Table 1). 1,2 The total revenue of the security technology industry was $651 million in 2018. 1,3

Note(s) to Question No(s) 6:

1 2018 is the latest year for which data is available. Data for 2018 is preliminary.

2 The private security industry comprises security and investigation activities.

3 The security technology industry comprises the following activities: development of software for cybersecurity and information technology cybersecurity consultancy.