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.
According to this study, over the next five years the Private Security Service market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 239.5 million by 2024, from US$ 195.4 million in 2019. In particular, this report presents the global revenue market share of key companies in Private Security Service business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Private Security Service market by product type, application, key companies and key regions.
This study considers the Private Security Service value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Guard Services
Alarm Monitoring
Private Investigation
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Commercial and Industrial
Government and Institutional
Residential
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Securitas AB
Secom
G4S
Allied Universal
Prosegur
ADT
Brinks
Garda
Loomisba
SIS
ISS
ICTS Europe
Beijing Baoan
OCS Group
Transguard
Andrews International
TOPSGRUP
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Private Security Service market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Private Security Service market by identifying its various subsegments.
Focuses on the key global Private Security Service players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Private Security Service with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Private Security Service submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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 . It is complete Research Study and Industry Analysis of Private Security Service market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.