About Apartment Security Guard
An apartment security guard stands alert in a fixed position to protect life and property from anti-social elements. Security guards are employed with both corporate offices and residences. These guards maintain a journal on the visitors and are well trained to identify suspicious people. They are usually taught to handle metal detector and CCTV at the residential level, building maintenance, and others are an important part of their work. The increase in crime and personal safety ratio day by day has boosted the demand for a trained security guard in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Apartment Security Guard is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Apartment Security Guard market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allied Universal (United States), GardaWorld (Canada), Fast Guard Security Services (United States), Bengaluru Squad Services Pvt Ltd (India), Security Guards (United States), Guards (United States), SIS (India), TOPSGRUP (India), ISS SDB (India) and Securitas (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ADT (United States), ICTS (Netherland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Apartment Security Guard market by Type (Proactive Security, Active Security and Reactive Security) and Region.
On the basis of geography, the market of Apartment Security Guard has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Contract , the sub-segment i.e. Below 6 Month will boost the Apartment Security Guard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Apartment Security , the sub-segment i.e.
will boost the Apartment Security Guard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Controller Type, the sub-segment i.e. On-Site Control will boost the Apartment Security Guard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Skill , the sub-segment i.e. Armed Guard will boost the Apartment Security Guard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dress Code, the sub-segment i.e. Plain Clothes will boost the Apartment Security Guard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Trend for Well Trained, Background Checks, And Professionalizing Security Guard
Market Growth Drivers:
The Increasing Demand For Security Guard in New Infrastructure and Residential Construction Projects, Growing Threat Perception from Crime and Terrorism and Increase in Construction Activity in Emerging Economies Has Boosted Demand For The Market
Challenges:
There Is Strong Stress on Controlling Costs for Low-Margin Apartments
Restraints:
Hiring Security Guard From Professional Agencies Is More Costly
Opportunities:
The Demand for Manned Guarding Is Expected To Increase Rapidly In The Future, With the Burgeoning Of Residential or Construction of Apartments in Developing Economies
Market Leaders and their expansionary development strategies
In September 2019, Reliance Jio launched apartment security app Jiogate. JioGate was released on the Google Play Store and Apple App Store.
In January 2022, Neighbium launched Society Guard Patrolling feature which has help society management committee team to enhance the security of premises. This Guard Patrolling feature is introduced to all Neighbium users without any extra cost which means society need not to spend a penny to use this feature.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.