Market Overview:
The global security guard market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for security services and equipment due to the rising crime rates and terrorist threats across the globe. In addition, the growing commercial sector is also contributing to the growth of this market. The service segment dominated the global security guard market in 2017, owing to the increasing demand for manned guarding services due to rising crime rates and terrorist threats across different regions. However, with technological advancements in security equipment such as video surveillance systems, intrusion detection systems, and access control systems,the equipment segment is expectedto grow at a higher CAGR duringthe forecast period.
Product Definition:
A security guard is a person employed to protect property, assets, or people. The role of the security guard is to deter criminal activity and maintain safety. Security guards may be employed in a variety of settings including businesses, schools, hospitals, and residential properties.
Service:
Service is a process that involves the delivery of certain goods or products to customers. It also includes maintenance and repair services. Services can be categorized as professional, industrial, and domestic services. Professional service includes consulting, training & development programs for employees, project management services etc., whereas industrial service covers manufacturing processes such as setup & installation of machinery or production processes such as raw material extraction etc., and domestic service refers to cleaning operations performed at residential places/communities by professionals.
Equipment:
Equipment is the part of security equipment which includes video cameras, alarm systems, access control systems and surveillance cameras. It helps in providing safety from threats by detecting them or alerting about their presence. The global market for security equipment is expected to witness significant growth over the forecast period owing to rise in demand for home and office security solutions along with an increase in terrorist activities across the world.
Application Insights:
The global security guard market has been segmented on the basis of application into personal and commercial. The personal application segment dominated the overall market in 2017, accounting for over 60% share of the total revenue. This is attributed to growing awareness about safety among individuals and rising crime rates across countries worldwide. Furthermore, governments are taking initiatives to ensure safety of citizens by deploying military guards at government buildings and important locations. These factors are expected to drive demand for SG services globally over the forecast period.
Commercial applications include corporate offices, malls/supermarkets, hospitals/clinics, banks or financial institutions (Overseas Chinese Banking Institute), educational institutes including schools & colleges and public libraries (U.S.), R&D laboratories & industrial facilities including oil & gas companies (China). Deployment of armed guards at these commercial establishments has become a standard practice in light of increasing risks due to rising theft cases especially in developed economies such as U.S.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The presence of a large number of private security companies and government agencies has resulted in high demand for GSG services in this region. Increasing terrorist threats to critical infrastructure, such as power plants and oil & gas pipelines, are expected to drive the market growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rising geopolitical tensions between India and Pakistan, increasing crime rates across several countries including India, China, Philippines and Indonesia among others have created a need for more security guards across these nations resulting into increased demand from commercial sector which will further boost market growth during future years.
Growth Factors:
- Increasing demand for security services from the corporate sector
- Rising crime rates in developing countries
- Proliferation of digital and physical threats to businesses and individuals
- Growing awareness about the importance of security among consumers
- Increased spending on security by governments and businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Guard Market Research Report
By Type
Service, Equipment
By Application
Personal, Commercial
By Companies
US Security Associates, Securitas, G4S, Allied Universal, SIS, TOPSGRUP, Beijing Baoan, OCS Group, ICTS Europe, Transguard, Andrews International, Control Risks, Covenant, China Security & Protection Group, Axis Security, DWSS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Security Guard Market Report Segments:
The global Security Guard market is segmented on the basis of:
Types
Service, Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- US Security Associates
- Securitas
- G4S
- Allied Universal
- SIS
- TOPSGRUP
- Beijing Baoan
- OCS Group
- ICTS Europe
- Transguard
- Andrews International
- Control Risks
- Covenant
- China Security & Protection Group
- Axis Security
- DWSS
Highlights of The Security Guard Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Service
- Equipment
- By Application:
- Personal
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Security Guard Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A security guard is a person who is employed to protect people or property.
Some of the major companies in the security guard market are US Security Associates, Securitas, G4S, Allied Universal, SIS, TOPSGRUP, Beijing Baoan, OCS Group, ICTS Europe, Transguard, Andrews International, Control Risks, Covenant, China Security & Protection Group, Axis Security, DWSS.
The security guard market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Security Guard Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Security Guard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Security Guard Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Security Guard Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Security Guard Market Size & Forecast, 2018-2028
4.5.1 Security Guard Market Size and Y-o-Y Growth
4.5.2 Security Guard Market Absolute $ Opportunity
Chapter 5 Global Security Guard Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Security Guard Market Size Forecast by Type
5.2.1 Service
5.2.2 Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Security Guard Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Security Guard Market Size Forecast by Applications
6.2.1 Personal
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Security Guard Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Security Guard Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Security Guard Analysis and Forecast
9.1 Introduction
9.2 North America Security Guard Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Security Guard Market Size Forecast by Type
9.6.1 Service
9.6.2 Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Security Guard Market Size Forecast by Applications
9.10.1 Personal
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Security Guard Analysis and Forecast
10.1 Introduction
10.2 Europe Security Guard Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Security Guard Market Size Forecast by Type
10.6.1 Service
10.6.2 Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Security Guard Market Size Forecast by Applications
10.10.1 Personal
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Security Guard Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Security Guard Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Security Guard Market Size Forecast by Type
11.6.1 Service
11.6.2 Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Security Guard Market Size Forecast by Applications
11.10.1 Personal
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Security Guard Analysis and Forecast
12.1 Introduction
12.2 Latin America Security Guard Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Security Guard Market Size Forecast by Type
12.6.1 Service
12.6.2 Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Security Guard Market Size Forecast by Applications
12.10.1 Personal
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Security Guard Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Security Guard Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Security Guard Market Size Forecast by Type
13.6.1 Service
13.6.2 Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Security Guard Market Size Forecast by Applications
13.10.1 Personal
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Security Guard Market: Competitive Dashboard
14.2 Global Security Guard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 US Security Associates
14.3.2 Securitas
14.3.3 G4S
14.3.4 Allied Universal
14.3.5 SIS
14.3.6 TOPSGRUP
14.3.7 Beijing Baoan
14.3.8 OCS Group
14.3.9 ICTS Europe
14.3.10 Transguard
14.3.11 Andrews International
14.3.12 Control Risks
14.3.13 Covenant
14.3.14 China Security & Protection Group
14.3.15 Axis Security
14.3.16 DWSS
