Private Security Services Market by Service, End-users, and Geography - Forecast and Analysis 2019-2023

  • Published: Sep 2019
  • Pages: 157
  • SKU: IRTNTR32100
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The private security services market has the potential to grow by USD 58.77 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period because of the steady increase in the year-over-year growth.

This report provides a detailed analysis of the market by service (manned guarding, electronic security services, and cash services), end-user (industrial, residential, financial institutions, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Allied Universal, G4S Plc, GardaWorld Corp., ISS AS, Loomis AB, Prosegur Compañía de Seguridad SA, SECOM Plc, Securitas AB, Security and Intelligence Services (India) Ltd., and The Brink's Co.

Private Security Services Market Report - Key Insights

Private-Security-Services-Market-Overview

Scope of this Report

The report provides a detailed analysis of the market by service, end-users, and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.

Private-Security-Services-Market-Report-Scope

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Market Segmentation      

Private Security Services Market by Service

  • Manned guarding
  • Electronic security services
  • Cash services

Private Security Services Market by End-users

  • Industrial
  • Residential
  • Financial institutions
  • Others

Private Security Services Market by Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Private-Security-Services-Market-Report

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Market vendors are offering virtual and integrated security solutions to enhance their share in the private security services market. Allied Universal, G4S Plc, and GardaWorld Corp. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the presence of complex laws that govern private security services will challenge the growth of the market participants. To increase their private security services market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this private security services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this private security services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading private security service companies, including:

  • Allied Universal
  • G4S Plc
  • GardaWorld Corp.
  • ISS AS
  • Loomis AB
  • Prosegur Compañía de Seguridad SA
  • SECOM Plc
  • Securitas AB
  • Security and Intelligence Services (India) Ltd.
  • The Brink's Co.

Private Security Services Market: Key Drivers and Trends

Rising concerns about terrorism and crime will be a significant factor in driving the growth of the private security services market. With rising population in modern cities, the number of terrorism and crime incidents has also increased. The number of such terrorism and crime incidents has increased in both developing and developed economies. Several countries in South Asia, including India, have witnessed a rise in crime rates and the number of terrorist incidents over the past few years. For instance, the number of terrorist attacks and cognizable crimes has increased rapidly in India in the last decade. Hence, businesses and commercial and residential complexes are increasingly adopting integrated security solutions involving manned guarding and advanced electronic security systems. These private security services help in enhancing the safety of the premises cost-effectively. Thus, the rising number of terrorism and crime incidences will boost the adoption of private security services during the next five years.

  • The growing popularity of virtual security systems will be one of the critical private security services market trends that will influence market growth.
  • Virtual security systems consist of security cameras connected to networks via the internet.
  • Internet access in virtual security systems increases the monitoring parameters of security systems by allowing remote monitoring of premises without proximity limitations.
  • Virtual security systems are generally used for retail security, construction security, residential complex security, parking lot security, hotel security, and government institution security.
  • The increasing cost of manned guarding will further boost the demand for virtual security systems, especially from small businesses for deterring and reducing criminal activities.
  • During 2019-2023, the private security services market will grow at a CAGR of over 5%.

Private Security Services Market: Segmentation by Region

Private-Security-Services-Market-Share-by-Region

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APAC is one of the largest markets for private security services, and the region will offer several growth opportunities to market vendors during the forecast period. The rising investments in public infrastructure, increasing number of terror threats and homicide cases, and an increasing number of organized players are some of the factors contributing to the private security services market growth in this region.

During the forecast period, almost 49% of the overall market growth will originate from APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Private Security Services Market: Segmentation by Service

Private-Security-Services-Market-Share-by-Service

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Manned guarding services include surveillance and protection of facilities, transport security, security checks, close monitoring and protection, crowd management, event security, and executive protection. Factors such as strict enforcement of regulations, the increasing demand for skilled security personnel, and the preference for organized players will fuel the growth of the private security services market in this segment.

However, market growth in this segment will be slower than the growth of the market in the electronic security services segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the private security services market size.

Private Security Services Market: Key Highlights of the Report

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the private security services market during the next five years
  • Precise estimation of the global private security services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the private security services industry across the APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of private security services vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY SERVICE

  • Market segmentation by service
  • Comparison by service
  • Manned guarding - Market size and forecast 2018-2023
  • Electronic security services - Market size and forecast 2018-2023
  • Cash services - Market size and forecast 2018-2023
  • Market opportunity by service

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Industrial - Market size and forecast 2018-2023
  • Residential - Market size and forecast 2018-2023
  • Financial institutions - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Popularity of virtual security systems
  • Popularity of integrated security solutions
  • Increasing number of women security guards

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Allied Universal
  • G4S Plc
  • GardaWorld Corp.
  • ISS AS
  • Loomis AB
  • Prosegur Compañía de Seguridad SA
  • SECOM Plc
  • Securitas AB
  • Security and Intelligence Services (India) Ltd.
  • The Brink's Co.

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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