Private Security Services Market by End-user, Service, and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 159
  • SKU: IRTNTR71582

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Private Security Services market growth will increase by $56.33 billion during 2022-2026.
The private security services market is expected to grow at a CAGR of 4.81% during 2022-2026.
Technavio has segmented the private security services market by end-user (Industrial, Residential, Financial institutions, and Others) ,service (Manned guarding, Electronic security services, and Cash services) , and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
ADT INC., Allied Universal, AMZ Sicherheitsdienste GmbH, GardaWorld Security Corp., Hanwei International Security Services Co.Ltd., ICTS International NV, ISS AS, Kingdom Protection Services Pvt. Ltd, Loomis AB, Mitie Group Plc., Monitronics International Inc., OCS Group Ltd., Peregrine Guarding Pvt Ltd., Prosegur Compania de Seguridad SA, Provisor Security Services, SECOM Plc, Securitas AB, SIS Ltd., Corps of Commissionaires Management Ltd., Top IPS Group are a few of the key vendors in the private security services market.
APAC will register the highest growth rate of 30.8% among the other regions. Therefore, the private security services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the private security services market growth are:
  • Rapid urbanization
  • Popularity of virtual security systems
The private security services market vendors should focus on grabbing business opportunities from the Industrial segment as it accounted for the largest market share in the base year.
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