Security Services Industry Market Research & Statistics

 
  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
8 votes
Share

Global Security Services Industry

 

The world security services market exceeded $174 billion in 2010, reports MarketLine. Market growth is expected to accelerate to exceed a yearly rate of 4.5% between 2010 and 2015 to reach almost $220 billion. The security services industry refers to the electronic, managed and outsourced personnel security solutions.

 

According to Freedonia, security services demand is being fuelled by an increasing rate of urbanization, a growing middle class owning assets they wish to protect, a lack of faith in public safety measures and fear of terrorism and crime. Developed nations will record the strongest market growth, fuelled by foreign investment, economic recovery following the economic crisis, unreliability or overloading of public security services and higher personal incomes.

 

Countries including South Africa, China, India, Brazil and Mexico are forecast to record double-digit growth over the next few years. The US is the number-one private contract security services consumer, expected to hold close to 35% market share in 2014.

 

Key Market Segments

 

  • The global managed security services industry is expected to reach close to $8.5 billion, reports Global Industry Analysts. Market growth is fuelled by rising hacker activity, with strong demand expected from developing countries, especially Asia-Pacific. Companies are paying increasing attention to risk management and network security due to network threats and the need to manage security. Managed security service providers are stepping in to provide services necessary to a business environment in which the internet is playing an increasing role in organization to track emails, manage network logs and regulate data.

 

  • The world managed security service providers industry is expected to record close to 18% yearly growth through 2014, reports TechNavio. The market is witnessing rising demand for cloud-based solutions. Obstacles to market growth include factors such as automation, professional expertise and scalability. Leading players operating in the market include Hewlett-Packard, IBM, BT Global Services and Symantec.

 

  • Freedonia estimates the world private contract security services industry will record almost 7.5% yearly growth through 2014 to reach $218 billion. Market growth will be driven by economic recovery and rising building construction spending. Contract guarding represents the leading segment, expected to generate more than 50% of overall revenues in 2014.

 

  • The global homeland security market exceeded $194 billion in 2011, according to Visiongain. Market growth is expected to continue over the coming decade, fuelled by government defense spending to protect against factors such as cyber attack, piracy, natural disasters and terrorism.

 

  • Homeland Security Research forecasts the world x-ray security screening industry, covering systems sales, upgrades and service, will exceed 10% yearly growth through 2016 to reach almost $2 billion, up from $1 billion in 2010. The market’s cost-performance is challenged by a lack of competitive modality in the industry. Market expansion will be led by China, the US and India.

 

  • The global surveillance and security equipment market is expected to record close to 12% yearly growth to exceed $139 billion in 2015, up from under $80 billion in 2009, reports BCC Research. Industrial/commercial represents the leading end-user segment and is forecast to record 13% yearly growth to reach close to $95 billion by 2015. The state/military market segment is expected to record yearly growth of 10% to exceed $16 billion by 2015. The non-commercial applications market segment is forecast to record 9% yearly growth to exceed $29 billion in 2015.

 

 

Market Outlook

 

The global security services industry continues to grow across various sectors. An expanding middle class will continue to fuel demand for private sector security services, while developed countries will pay increasing attention to data protection at government level. The financial and defense sectors in particular will avail of security in the face of mounting cyber attacks and more sophisticated hacker activity. As the nature of security threats becomes more complex, the industry will have to concentrate on streamlining operations and making more effective use of technological tools.

 

 

 

Leading Industry Associations

 

ReportLinker.com offers immediate download access to top market reports & statistics on the Security Services Industry from trusted sources.
1-10 of 82 reports

Global Security Services Industry

  • August 2013
    12 pages
  • Security Servic  

  • World  

View report >

Security Services Industry in the US Forecast

  • September 2014
    14 pages
  • United States  

View report >

Security Service Industry in India

  • January 2013
    37 pages
  • Security Servic  

  • India  

    World  

View report >

Security Services Industry in Australia Forecast

  • January 2014
    10 pages
  • Australia  

    Oceania  

    United States  

View report >

Security Services Industry

  • November 2014
    28 pages
  • Security Servic  

View report >

Security Services Analysis in India Forecast Monthly Update

  • September 2014
    3 pages
  • Security Servic  

  • India  

View report >

Security Services Overview in the US

  • June 2014
    46 pages
  • Security Servic  

  • United States  

View report >

Security Services Analysis in the US

  • May 2014
    4 pages
  • Security Servic  

  • United States  

View report >

Security Service Analysis

  • January 2014
    2 pages
  • Security Servic  

    Facilities Mana  

View report >

Security Guard Wages Forecast

  • January 2014
    3 pages
  • Security Guard  

View report >


About 200 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 149 - $ 6 600)

World Security Services Market, Freedonia

World Security Services Market, Freedonia

  • $ 6 600
  • Industry report
  • December 2014
  • by Freedonia

World demand to rise 6.6% annually through 2018 Worldwide demand for private contract security services will increase 6.6 percent per annum to $331 billion in 2018. In general, demand for security services ...

Middle East Fire Safety Systems Market : Increasing Re ...

January 2015 $ 6 000

Professional Security Services In North America : Evasi ...

November 2014 $ 6 000

Global Bio-detection Market 2014-2018

January 2015 $ 2 500

Security Equipment Manufacturers Global - Industry Rep ...

January 2015 $ 1 668

Security Services Asia - Industry Report

January 2015 $ 1 407

Security Services Korea - Industry Report

January 2015 $ 1 407

Security Services Thailand - Industry Report

January 2015 $ 1 407

Security Services Market In The United States

October 2014 $ 1 020

Freedonia Focus On World Security Services

November 2014 $ 850


ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.