What is Private Security Services?
Private security agencies provide security for businesses and are privately owned and operated, unlike public security such as the military or the police. Rapid urbanization has led to severe threats such as crime, terrorism, kidnapping, etc. These security agencies provide various security services such as manned guarding, security systems, and cash solutions, among others. There are several players are engaged in offering private security services, thereby, the market is highly fragmented.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | G4S (United Kingdom), Securitas (Sweden), Secom (Japan), Prosegur (Spain), Brinks (United States), Allied Universal (United States), Loomis (Sweden), Garda (Canada), Pinkerton (United States), U.S. Academi (United States), Hook Private Security (United States), International Protective Service, In (United States) and Paradigm Security (South Africa) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Manned Guarding, Security Systems, Cash Solutions and Others) , by application (Industrial, Government, Energy Utility, Financial, Institutions, Commercial, Ports/Airports, Retail and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Private Security Services market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Private Security Services market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are G4S (United Kingdom), Securitas (Sweden), Secom (Japan), Prosegur (Spain), Brinks (United States), Allied Universal (United States), Loomis (Sweden), Garda (Canada), Pinkerton (United States), U.S. Academi (United States), Hook Private Security (United States), International Protective Service, In (United States) and Paradigm Security (South Africa).
Influencing Trend:
Increased Demand for Manned-Security Services
Market Growth Drivers:
Increased Security Consciousness Because Of Increasing Terror Threat Faced By Countries, Rapid Urbanization Fuelling the Demand and Low Police-To-Citizen Ratio Resulting In the Inability of the System to Cater To the Needs of the Population
Challenges:
Compliance Requirements
Restraints:
Lack of Quality Manpower
Opportunities:
Untapped Markets Expected to Open Lucrative Opportunities for the Market
Key highlights of the Global Private Security Services market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Private Security Services market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Private Security Services market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Private Security Services Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Private Security Services market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Private Security Services market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Private Security Services Companies, Potential Investors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.