Manned Security Services Market in Europe 2017-2021

Overview of the manned security services market in Europe

Technavio’s market research report identifies that the increasing terror attacks in Europe will be one of the primary growth drivers for the manned security services market in Europe till 2021. It has been observed that a majority of Europeans feel relatively unsafe due to the rising threats to their lives and infrastructure. Also, the people to police ratio is insufficient to ensure security in major countries of Europe. This is resulting in an increased need for security services such as manned guarding services. The deployment of manned security services helps to guard the prominent infrastructure as well as the facilities patrolled by police officials on a timely basis. The deployment of these services will further gain popularity in the region because they are less costly and more efficient than hiring a government security workforce. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

A massive increase in crime rate and unwanted activities in Europe is driving the need for more sophisticated security solutions. The integration of manned security along with electronic security solutions is identified as one of the key trends that will drive the growth prospects for the manned security services market in Europe in the forthcoming years. This integration is carried out in step by step manner that includes initial analysis, proposal, implementation, and performance analysis.

Competitive landscape and key vendors

The manned security services market in Europe is characterized by the presence of both regional and global players. Vendors operating within manned guarding services market are trying to retain their customer base by offering competitive and best prices for their services. Manned guarding companies are also focusing on strategy development and implementation.

Key vendors in this market are -

• Control Risks
• G4S
• ICTS Europe
• OCS Group
• Securitas

Other prominent vendors in the market include Aegis Group, Andrews International, Axis Security, Brink's, Corps Security Services, Erinys, Pinkerton, Prosegur, Senaca, VSG, 1GS Security Services, 3D Security, 4 Forces Keyholding, 4 Site Security, Konsalnet, and Pilgrims Group.

Segmentation by end-user and analysis of the manned security services market in Europe

• Commercial buildings
• Industrial buildings
• Residential buildings

The commercial buildings are widespread across Europe due to the rising focus on tourism, increasing disposable income of people, and rapid urbanization. Every year, many tourists travel in and out of Europe. The police force is found insufficient to protect the vast number of tourists. This in turn, will drive the need for manned corporate security guards in commercial buildings. Also, mobile security and static security are installed in building sites, reception areas, parking areas, help desks, and CCTV operating rooms.

Segmentation by geography and analysis of the manned security services market in Europe

• UK
• Germany
• Italy
• France
• Spain
• Poland
• Slovakia
• Czech Republic

The office building segment in the UK is witnessing growth due to the investments originating from small and medium enterprises. This results in an increased number of office spaces and incorporation of several people in these offices. The investments in the retail buildings such as standard shops and shopping centers are also increasing in the UK. This will increase the need for strict retail security services in this country. Consequently, the adoption of manned security services, especially static and mobile patrol will increase in the country.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the manned security services market in Europe?
• What are the key market trends impacting the growth of the manned security services market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the manned security services market in Europe?
• What are the market opportunities and threats faced by the vendors in the manned security services market in Europe?
• What are the trending factors influencing the market shares of the UK, Germany, Italy, France, Spain, Poland, Slovakia, Czech Republic, and others?
• What are the key outcomes of the five forces analysis of the manned security services market in Europe?

Technavio also offers customization on reports based on specific client requirement.