The private security services industry consists of companies who provide private security guards and patrol vehicles, as well as additional ancillary services such as alarm systems, cyber security, background screening, investigation, risk analysis and security consultancy services.
The private security services industry consists of companies who provide private security guards and patrol vehicles, as well as additional ancillary services such as alarm systems, cyber security, background screening, investigation, risk analysis and security consultancy services.
The industry is expected to witness robust growth driven by sustained security threat perception and increase in labor wages according to statutory guidelines. Procurement and retention of quality manpower is the key challenge facing the industry. Manpower procurement and retention is expected to get tough with increase in alternate employment opportunities and rapid rise in manpower requirement to support the industry’s growth.
The industry is considerably fragmented today, and is expected to get more organized and increase in organized play in user industry segments. Adherence to regulatory norms, particularly those related to wages is expected to improve going forward, and will impact margins, which are already under pressure due to intense competition.
In 2018, the global Private Security Service market size was 199.7 million US$ and it is expected to reach 263 million US$ by the end of 2025, with a CAGR of 4.0% during 2019-2025.
This report focuses on the global Private Security Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Private Security Service development in United States, Europe and China.
The key players covered in this study
Securitas AB
Secom
G4S
Allied Universal
Prosegur
ADT
Brinks
Garda
Loomisba
SIS
ISS
ICTS Europe
Beijing Baoan
OCS Group
Transguard
Andrews International
TOPSGRUP
Market segment by Type, the product can be split into
Guard Services
Alarm Monitoring
Armored Transport
Private Investigation
Others
Market segment by Application, split into
Commercial and Industrial
Government and Institutional
Residential
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Private Security Service status, future forecast, growth opportunity, key market and key players.
To present the Private Security Service development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Private Security Service are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Private Security Service . Industry analysis & Market Report on Private Security Service is a syndicated market report, published as Global Private Security Service Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Private Security Service market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.