Market Overview:
The global private security service market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing demand for private security services from commercial and industrial, government and institutional, residential, and other applications. The guard services segment is expected to dominate the market during the forecast period owing to the increasing demand for manned guarding services in various industries such as retail, banking & financial institutions, and manufacturing plants. However, alarm monitoring segment is projected to grow at a highest CAGR during the forecast period due its growing demand from small businesses and households across different regions.
Product Definition:
Private Security Service is a service offered by private companies to protect their clients’ assets, including people, property, and information. Private security services are often used by businesses to protect their employees and customers from crime or terrorism. They may also be used to provide security for special events or locations.
Guard Services:
Guard services are the core business of private security service providers. They provide a wide range of protective services to both commercial and residential customers. The global market for guard services is expected to witness significant growth over the forecast period owing to increasing demand from end-users coupled with rising awareness regarding safety and security in emerging economies such as India, China, Brazil, etc. Furthermore, growing crime rates across various regions are also anticipated to drive market growth over the next seven years.
Alarm Monitoring:
Alarm monitoring is a service that monitors and Monitors the activities of an individual or a group. It does this by receiving and transmitting signals from one or more sensors to an alarm monitor station. The main function of these services is to notify law enforcement agencies in case of any emergencies such as fire, break-ins, theft, etc. These systems are widely used in residential areas for security purposes owing to their benefits such as ease of use and cost effectiveness.
Application Insights:
The market is segmented by application into commercial and industrial, government and institutional, residential, transport services among others. The private investigation segment accounted for the largest revenue share in 2017 owing to increasing demand for investigations across various applications such as background check of employees or contractors; fraud detection; corporate security; etc. In addition, factors such as high-risk nature of investments and economic uncertainty have resulted in increased spending on protective services by individuals and organizations.
The commercial sector includes both public & private companies that offer a wide range of products & services including IT/Telecom Services (Shared Service Centre Model), Security Guard Services (Managed Service Centre Model), Consulting Firms/Advisory Firms (M&A Advisory Services) amongst others. Increasing number of terrorist attacks globally has led to an increase in the adoption of safety measures such as restricted access areas within offices; installation or deployment of surveillance systems etc., which has positively influenced the growth over recent years.
Regional Analysis:
Asia Pacific dominated the global private security service market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government spending on internal security and rapid urbanization in countries such as India, China, Indonesia, Philippines, Thailand among others. In addition, rising terrorist threats across various countries are anticipated to drive demand for PSS services in this region.
The Asia Pacific was followed by North America which accounted for a revenue share of over 20% in 2016 owing to high demand from residential applications segment due mainly to an increase in home security systems sales across U.S., Canada and Mexico since 2015 after several high-profile crimes were committed there including killings of police officers during anti-crime operations along with other violent acts that led authorities into adopting private security measures at homes & buildings against crime including burglary & theft among others).
Growth Factors:
- Increasing demand for private security services from the corporate sector owing to rising crime rates and terror threats.
- Proliferation of small and medium-sized businesses (SMBs) that are increasingly becoming targets of cybercrime and other security threats.
- Rapid growth in the number of high net worth individuals (HNWIs) who are looking for customized security solutions to protect their personal assets.
- Growing popularity of integrated security solutions that offer a comprehensive range of services, such as guarding, firefighting, risk assessment, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Private Security Service Market Research Report
By Type
Guard Services, Alarm Monitoring, Armored Transport, Private Investigation, Others
By Application
Commercial and Industrial, Government and Institutional, Residential,
By Companies
Securitas AB, Secom, G4S, Allied Universal, Prosegur, ADT, Brinks, Garda, Loomisba, SIS, ISS, ICTS Europe, Beijing Baoan, OCS Group, Transguard, Andrews International, TOPSGRUP,
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Private Security Service Market Report Segments:
The global Private Security Service market is segmented on the basis of:
Types
Guard Services, Alarm Monitoring, Armored Transport, Private Investigation, Others
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
Commercial and Industrial, Government and Institutional, Residential,
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:
- Securitas AB
- Secom
- G4S
- Allied Universal
- Prosegur
- ADT
- Brinks
- Garda
- Loomisba
- SIS
- ISS
- ICTS Europe
- Beijing Baoan
- OCS Group
- Transguard
- Andrews International
- TOPSGRUP
Highlights of The Private Security Service 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:
- Guard Services
- Alarm Monitoring
- Armored Transport
- Private Investigation
- Others
- By Application:
- Commercial and Industrial
- Government and Institutional
- Residential
- 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 Private Security Service 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
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- Product & Brand Management
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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?
Private security service is a type of security guard that provides protection and safety services for individuals, businesses, or other organizations. Private security guards are typically hired to patrol specific areas or facilities, and may also provide armed protection.
Some of the major companies in the private security service market are Securitas AB, Secom, G4S, Allied Universal, Prosegur, ADT, Brinks, Garda, Loomisba, SIS, ISS, ICTS Europe, Beijing Baoan, OCS Group, Transguard, Andrews International, TOPSGRUP.
The private security service market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Private Security Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Private Security Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Private Security Service Market - Supply Chain
4.5. Global Private Security Service Market Forecast
4.5.1. Private Security Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Private Security Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Private Security Service Market Absolute $ Opportunity
5. Global Private Security Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Private Security Service Market Size and Volume Forecast by Type
5.3.1. Guard Services
5.3.2. Alarm Monitoring
5.3.3. Armored Transport
5.3.4. Private Investigation
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Private Security Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Private Security Service Market Size and Volume Forecast by Application
6.3.1. Commercial and Industrial
6.3.2. Government and Institutional
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Private Security Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Private Security Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Private Security Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Private Security Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Private Security Service Demand Share Forecast, 2019-2026
9. North America Private Security Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Private Security Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Private Security Service Market Size and Volume Forecast by Application
9.4.1. Commercial and Industrial
9.4.2. Government and Institutional
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Private Security Service Market Size and Volume Forecast by Type
9.7.1. Guard Services
9.7.2. Alarm Monitoring
9.7.3. Armored Transport
9.7.4. Private Investigation
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Private Security Service Demand Share Forecast, 2019-2026
10. Latin America Private Security Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Private Security Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Private Security Service Market Size and Volume Forecast by Application
10.4.1. Commercial and Industrial
10.4.2. Government and Institutional
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Private Security Service Market Size and Volume Forecast by Type
10.7.1. Guard Services
10.7.2. Alarm Monitoring
10.7.3. Armored Transport
10.7.4. Private Investigation
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Private Security Service Demand Share Forecast, 2019-2026
11. Europe Private Security Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Private Security Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Private Security Service Market Size and Volume Forecast by Application
11.4.1. Commercial and Industrial
11.4.2. Government and Institutional
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Private Security Service Market Size and Volume Forecast by Type
11.7.1. Guard Services
11.7.2. Alarm Monitoring
11.7.3. Armored Transport
11.7.4. Private Investigation
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Private Security Service Demand Share, 2019-2026
12. Asia Pacific Private Security Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Private Security Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Private Security Service Market Size and Volume Forecast by Application
12.4.1. Commercial and Industrial
12.4.2. Government and Institutional
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Private Security Service Market Size and Volume Forecast by Type
12.7.1. Guard Services
12.7.2. Alarm Monitoring
12.7.3. Armored Transport
12.7.4. Private Investigation
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Private Security Service Demand Share, 2019-2026
13. Middle East & Africa Private Security Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Private Security Service Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Private Security Service Market Size and Volume Forecast by Application
13.4.1. Commercial and Industrial
13.4.2. Government and Institutional
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Private Security Service Market Size and Volume Forecast by Type
13.7.1. Guard Services
13.7.2. Alarm Monitoring
13.7.3. Armored Transport
13.7.4. Private Investigation
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Private Security Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Private Security Service Market: Market Share Analysis
14.2. Private Security Service Distributors and Customers
14.3. Private Security Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Securitas AB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Secom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. G4S
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allied Universal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Prosegur
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ADT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Brinks
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Garda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Loomisba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SIS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ISS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ICTS Europe
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Beijing Baoan
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. OCS Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Transguard
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Andrews International
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TOPSGRUP
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
