1. Market Research
  2. > Business Services
  3. > Security Services Market Trends

World Security Services Market, Freedonia

  • December 2014
  • 614 pages
  • Freedonia
Report ID: 1091124

Summary

Table of Contents

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 is driven by rising urbanization, the real and perceived risks of crime and terrorism, belief that public safety measures are insufficient, and growth of a middle class with assets to protect and the means to pay for supplementary security measures. The security service market will also be supported by an improved economic environment and building construction activity, notably in developed nations, some of which saw slowdowns late in the 2008-2013 period.

Fastest growth to occur in underdeveloped markets

The fastest gains will be posted in parts of Asia, Eastern Europe, Africa, and the Middle East, where security markets are relatively underdeveloped. Several national markets, including China, India, and South Africa, are expected to achieve double-digit annual growth through 2018. In many of these areas, the intensity of security service use (measured against indicators such as GDP and urban population) is relatively low, indicating significant growth potential going forward.

US to remain largest market

The US will remain the largest national consumer of private contract security services, accounting for 27 percent of total world demand in 2018. Despite its maturity, the dominant size of the US market means that it will account for more than one-fifth of total global increases between 2013 and 2018, even with a below average growth rate. Brazil, the world’s second largest national market in 2013, will post above average increases and represent another eight percent of global growth through 2018. Two smaller developing national markets for security services, India and China, will together account for an additional 18 percent of world gains through 2018.

Contract guarding to grow most rapidly

Contract guarding will continue to be the largest type of security service, accounting for more than half of total revenues in 2018. This segment benefits from the minimal capital requirements for operation which, along with relatively low labor costs, make it the dominant security service in developing markets. Because this service is among the first established and licensed in many developing markets, it will also post the fastest gains through 2018, although alarm monitoring will also register rapid increases.

Residential market to lead gains from smaller base

The commercial and industrial security service market is by far the largest, accounting for more than 70 percent of total global demand. This dominance reflects the large number of facilities, potential for loss, and availability of resources for protective purposes in the commercial and industrial sectors. The considerably smaller residential market will post the fastest gains through 2018, driven by rebounds in residential construction in several countries and a high perceived risk of crime among residents in many areas. The growing middle class in many regions will also boost growth in the residential market by providing more people with assets to protect and the means to purchase various supplementary protection.

Study coverage

Details on these and other findings are in the upcoming industry study, World Security Services, presents historical demand data for 2003, 2008 and 2013 and forecasts to 2018 and 2023 by service type, market, world region, and for 21 countries. The study also considers market environment factors, assesses the industry structure, evaluates company market share and profiles 36 industry participants worldwide.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Private Security Services in the US By Service and Market, 15th Edition

  • $ 5500
  • Industry report
  • April 2017
  • by Freedonia

The continuing widespread coverage of major national and international tragedies, such as school shootings and bombings, has resulted in a rising perceived risk of crime and rising demand for private security ...

Manned Security Services Market in the Middle East 2017-2021

  • $ 3500
  • Industry report
  • June 2017
  • by Infiniti Research Limited

About Manned Security Services Manned security services are required to protect an infrastructure against any unauthorized access, occupation, damage, guarding the premises against any unwanted activities ...

Manned Security Services Market in India 2017-2021

  • $ 3500
  • Industry report
  • June 2017
  • by Infiniti Research Limited

About Manned Security Services Manned security services are required to protect an infrastructure against any unauthorized access, occupation, and damage. These services guard the premises against unwanted ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.