Private & Personal Security Services Market Scope
A private security company is a business corporation, that provides armed and unarmed security services and expertise to private and public clients. personal security firms are defined by the U.S. Bureau of Labor Statistics as companies primarily engaged in providing guard and patrol services, like bodyguard, guard dog, parking security and security guard services. many of them will even offer advanced special operations services if the client demands it. examples of services provided by these companies include the prevention of unauthorized activity or entry, traffic regulation, access control, and fireplace and theft prevention and detection. These services is broadly described as the protection of personnel and/or assets.
The Private & Personal Security Services market study is segmented, by Application (CEOs, Entertainers, Athletes, Royalty and Others) and major geographies with country level break-up.
There are various companies that are exploring the market opportunities by investing in the new treatment and also expanding their footprints in new geographic regions by adopting various strategic initiatives such as mergers & acquisitions, expansions, investments, new product launches, and others. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Private & Personal Security Services market throughout the predicted period.
Pinkerton (United States), Blackwater Protection (United States), Allied Universal (United States), Hook Private Security (United States), International Protective Service, Inc (United States), Paradigm Security (United States), US Security Associates (United States), SIS (India) and China HuaWei Security Group (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Transguard (United Arab Emirates), Prosegur (Spain), Secom (Japan), China Security & Protection Group (China) and Andrews International (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Private & Personal Security Services market by Type, Application and Region.
On the basis of geography, the market of Private & Personal Security Services has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In April 2021, Transguard announced its Contract Extension with Etihad Airways. and In Sept 2019, Transguard Showcased Explosive Detection Dogs and Virtual Reality Solutions at AVSEC
Market Trend
- Increasing Use of Drones and Robots for Security Purposes
Market Drivers
- Increasing Number of Music Concerts and Sports Events
- Changing Lifestyle of People
- Increasing Disposable Income
- Growing Concern of Terrorism and Crime
Opportunities
- With the Mushrooming of Shopping Malls, Special Economic Zones, Self Contained Townships, IT Parks and Various Exclusive Facilities, Demand for Personal and Private Security Services in Asian Country is Predicted to Soar
Restraints
- High Cost of the Services
Challenges
- Stiff Competition Among Players
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Service Provider, End-Use Industries, Private & Personal Security Services industry associations, Private & Personal Security Services industry administrator, C-level executives of the industries and Market Research and consulting firms