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Security Services in Nunavut

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NU56161CA

Security Services in Nunavut industry analysis

Revenue for the Security Services industry in Nunavut is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Security Services in Nunavut Market Research Report

What’s Included in the Security Services in Nunavut Market Research Report

Definition of the Security Services in Nunavut?

Security service companies in Canada provide investigation and detective services, guard and patrol services, in addition to protected transport of valuables, including money, receipts and other items. Firms sell to a diverse slew of customers, including major corporations, financial institutions, retailers and government agencies.

What’s included in the Security Services in Nunavut?

The Security Services in Nunavut includes security guard and patrol services, armoured car services, private investigative services, security guard and crowd control services for temporary events, corporate investigative services, polygraph services and bodyguard services. Related terms covered in the Security Services in Nunavut industry report includes a technology that uses video surveillance equipment to transmit images to a specific set of monitors, a security system that involves the use of video, such as cctv systems, security services that combine remote monitoring systems and other technological solutions and patrolled guard services and a technology that involves the use of face, fingerprint or similar recognition of individuals to permit secure access.

Industry Performance of the Security Services industry in Nunavut

Benchmark the Security Services in Nunavut industry performance with all NU Census Metropolitan Area and national performance.

Security Services in Nunavut

#13 in Highest Revenue 0.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Security Services in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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Key Drivers of the Security Services industry in Nunavut

See how key industry drivers, such as gross domestic product, median houshold income, private investment in non-residential construction, number of businesses, value of nonresidential construction and value of residential construction are impacting Security Services in Nunavut

Nunavut Economic Indicators

Gross Domestic Product
Median Houshold Income
Private Investment in Non-Residential Construction

View more economic information in NU State Economic profile

Canada Key External Drivers

Number of businesses
Value of nonresidential construction
Value of residential construction

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Security Services industry in Nunavut

Key Statistics of the Security Services industry in Nunavut

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Security Services industry in Nunavut in 2025?

The market size of the Security Services industry in Nunavut is $9.4m in 2025.

How many businesses are there in the Security Services industry in Nunavut in 2025?

There are 4 businesses in the Security Services industry in Nunavut, which has been declining at an average annual rate of -4.4% from 2020 to 2025.

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

The market size of the Security Services industry in Nunavut has been declining at an average annual rate of -10.1% from 2020 to 2025.

How many employees in the Security Services industry in Nunavut in 2025?

There are 151 employees in the Security Services industry in Nunavut, which has been declining at an average annual rate of -12.1% from 2020 to 2025.