World Security Services Market
Worldwide demand to grow 7.5% per year through 2012
The global market for private contract security services is forecast to advance by 7.5 percent per annum through 2012 to $195 billion. Gains will be driven by a generally healthy global economy, rising urbanization, and heightened fears of domestic crime and terrorism in many countries. An upswing in building construction is also expected in several major economies, most notably the US, Japan and Germany, although most other areas will see construction growth slow after a strong 2002-2007 performance. Also limiting gains will be competition from electronic security measures such as CCTV and access controls, as well as by intense price competition in the guard and armored transport segments. The maturity of most developed country security markets will also constrain future increases in demand.
Contract guarding will remain the largest segment of the market, accounting for more than 40 percent of total revenues. Especially favorable prospects exist for services such as systems integration and consulting, which benefit from the transition from manned to electronic security modalities. By contrast, the private prison management industry has suffered a dramatic reversal of fortunes since the late 1990s, as rising opposition to the privatization of correctional facilities has taken it from the fastest to one of the slowest growing security service segments. Indeed, prison management contracts with private firms have been revoked in countries from Canada to New Zealand, with the state resuming control.
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- INTRODUCTION
- I. EXECUTIVE SUMMARY
- II. MARKET ENVIRONMENT
- General
- Economic Environment
- Recent Historical Trends
- Macroeconomic Outlook
- Demographic & Social Trends
- Demographic Trends
- Social Trends
- Unemployment
- Urbanization
- Building Construction
- Criminal Justice Trends
- Public Safety Environment
- Conventional Crimes
- Terrorism & Other Nonconventional Crimes
- Technology Trends
- Legal & Regulatory Environment
- Multinational Parameters
- III. MARKET OVERVIEW
- Regional Overview
- Services
- Guard Services
- Guard Services: Opportunities
- Guard Services: Threats
- Alarm Monitoring
- Armored Transport
- Armored Transport: Opportunities
- Armored Transport: Threats
- Armored Transport: Suppliers
- Prison Management
- Prison Management: Threats
- Prison Management: Opportunities
- Prison Management: Participants
- Other Security Services
- Consulting
- Private Investigations
- All Other
- Demand by Market
- Commercial & Industrial
- Institutional
- Residential
- IV. NORTH AMERICA
- General
- Security Service Market Environment
- Security Service Outlook
- United States
- Canada
- Mexico
- V. WESTERN EUROPE
- General
- Security Service Market Environment
- Security Service Outlook
- United Kingdom
- Germany
- France
- Spain
- Italy
- Netherlands
- Belgium
- Sweden
- Other Western Europe
- VI. ASIA/PACIFIC
- General
- Security Service Market Environment
- Security Service Outlook
- Japan
- China
- South Korea
- Australia
- India
- Other Asia/Pacific
- VII. OTHER REGIONS
- Latin America
- Security Service Market Environment
- Security Service Outlook
- Brazil
- Other Latin America
- Eastern Europe
- Security Service Market Environment
- Security Service Outlook
- Poland
- Russia
- Other Eastern Europe
- Africa/Mideast
- Security Service Market Environment
- Security Service Outlook
- South Africa
- Other Africa/Mideast
- VIII. INDUSTRY STRUCTURE
- General
- Market Share
- Securitas AB
- G4S
- Tyco
- Brink’s
- Secom
- Marketing
- Manned Security
- Electronics-Intensive Services
- Cooperative Agreements
- Mergers & Acquisitions
- Company Profiles
- Ademco Far East Pte Limited, see Rentokil Initial plc
- ADT Security Services, see Tyco International Limited
- AFI International Group, see TransNational Security Group
- Alfa Security Services, see G4S plc
- Allied Security Holdings LLC
- Armaguard, see Linfox Pty Limited
- ArmorGroup International plc, see G4S plc
- Brambles Limited
- Brink’s Company
- Canadian Corps of Commissionaires
- Central Security Patrols Company Limited
- ChoicePoint Incorporated
- Corrections Corporation of America
- Counterforce North America, see United Technologies
- Day & Zimmermann Group Incorporated
- Dragon StarGuard, see Prosegur Compania de Seguridad
- ECI Construction, see Day & Zimmermann Group
- FirstService Corporation
- Forza SA, see Securitas AB
- Fraport AG Frankfurt Airport Services Worldwide
- Frisco Bay Industries Limited, see Stanley Works
- Garda World Security Corporation
- GEO Group Incorporated
- G4S plc
- Global Solutions Limited, see G4S plc
- Group 4 Securicor plc, see G4S plc
- GSS Global, see Garda World Security Corporation
- Guardian Armored Security, see Securitas AB
- Guardsmark LLC
- Homeland Solutions, see Marsh & McLennan Companies
- HSM Electronic Protection Services, see Stanley Works
- I-SEC International Security, see ICTS International
- ICTS Europe Holdings BV
- ICTS International NV
- ICTS Netherlands Airport Services, see ICTS Europe Holdings and ICTS International
- Initial Electronic Security Group, see United Technologies
- Integrated Alarm Systems Group, see Protection One
- Intercon Security Limited, see Tyco International Limited
- International Management Assistance Corporation, see TransNational Security Group
- Jardine Matheson Holdings Limited
- Kroll Incorporated, see Marsh & McLennan Companies
- Kroll Security International, see Garda World Security Corporation
- Linfox Pty Limited
- Loomis AB, see Securitas AB
- Marsh & McLennan Companies Incorporated
- Mason & Hanger Group, see Day & Zimmermann Group
- MJM Investigations Incorporated, see G4S plc
- Monteray Limited, see Reliance Security Group plc
- Niscayah Group AB
- Pinkerton Consulting & Investigations, see Securitas AB
- Prosegur Compania de Seguridad SA
- Protection One Incorporated
- Recall Corporation, see Brambles Limited
- Red Hawk Industries, see United Technologies Corporation
- Reliance Security Group plc
- Rentokil Initial plc
- ROSEGUR SA, see Prosegur Compania de Seguridad SA
- Royal Mail Holdings plc
- Safemasters Company Incorporated, see Stanley Works
- Secom Company Limited
- Securitas AB
- Securitas AG
- Securitas Direct AB
- Securitas Systems AB, see Niscayah Group AB
- Security America, see TransNational Security Group
- Security Forces, see TransNational Security Group
- Security Services & Technologies, see Tyco International
- Seguridad Burns de Colombia SA, see Securitas AB
- Senon Limited
- Servicios Generales Limitada, see G4S plc
- Siemens AG
- SimplexGrinnell LP, see Tyco International Limited
- Sodexo
- Software House, see Tyco International Limited
- Sohgo Security Services Company Limited
- Stanley Works
- Star Protection Agency, see TransNational Security Group
- TransCor America, see Corrections Corporation of America
- TransNational Security Group LLC
- Tyco International Limited
- United Technologies Corporation
- US Security Associates Incorporated
- Wackenhut Corporation, see G4S plc
- Walsons Services Private Limited, see Securitas AB
- Whelan Security Incorporated, see TransNational Security Group LLC
- LIST OF TABLES
- SECTION I -- EXECUTIVE SUMMARY
- Summary Table
- SECTION II -- MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Urban Population by Region
- 4 World Building Construction Expenditures by Type & Region
- SECTION III -- MARKET OVERVIEW
- 1 World Security Service Revenues by Region
- 2 World Security Service Revenues by Type
- 3 World Security Guard Market by Region
- 4 World Alarm Monitoring Market by Region
- 5 World Armored Transport Market by Region
- 6 World Prison Management Market by Region
- 7 World Other Security Service Market by Region
- 8 World Security Service Revenues by Market
- SECTION IV -- NORTH AMERICA
- 1 North America -- Security Service Market Environment
- 2 North America -- Security Service Revenues by Type & Market
- 3 United States -- Security Service Market Environment
- 4 United States -- Security Service Revenues by Type & Market
- 5 Canada -- Security Service Market Environment
- 6 Canada -- Security Service Revenues by Type & Market
- 7 Mexico -- Security Service Market Environment
- 8 Mexico -- Security Service Revenues by Type & Market
- SECTION V -- WESTERN EUROPE
- 1 Western Europe -- Security Service Market Environment
- 2 Western Europe -- Security Service Revenues by Type & Market
- 3 United Kingdom -- Security Service Market Environment
- 4 United Kingdom -- Security Service Revenues by Type & Market
- 5 Germany -- Security Service Market Environment
- 6 Germany -- Security Service Revenues by Type & Market
- 7 France -- Security Service Market Environment
- 8 France -- Security Service Revenues by Type & Market
- 9 Spain -- Security Service Market Environment
- 10 Spain -- Security Service Revenues by Type & Market
- 11 Italy -- Security Service Market Environment
- 12 Italy -- Security Service Revenues by Type & Market
- 13 Netherlands -- Security Service Market Environment
- 14 Netherlands -- Security Service Revenues by Type & Market
- 15 Belgium -- Security Service Market Environment
- 16 Belgium -- Security Service Revenues by Type & Market
- 17 Sweden -- Security Service Market Environment
- 18 Sweden -- Security Service Revenues by Type & Market
- 19 Other Western Europe -- Security Service Market Environment
- 20 Other Western Europe -- Security Service Revenues by Type & Market
- 21 Other Western Europe -- Security Service Revenues by Country
- SECTION VI -- ASIA/PACIFIC
- 1 Asia/Pacific -- Security Service Market Environment
- 2 Asia/Pacific -- Security Service Revenues by Type & Market
- 3 Japan -- Security Service Market Environment
- 4 Japan -- Security Service Revenues by Type & Market
- 5 China -- Security Service Market Environment
- 6 China -- Security Service Revenues by Type & Market
- 7 South Korea -- Security Service Market Environment
- 8 South Korea -- Security Service Revenues by Type & Market
- 9 Australia -- Security Service Market Environment
- 10 Australia -- Security Service Revenues by Type & Market
- 11 India -- Security Service Market Environment
- 12 India -- Security Service Revenues by Type & Market
- 13 Other Asia/Pacific -- Security Service Market Environment
- 14 Other Asia/Pacific -- Security Service Revenues by Type & Market
- 15 Other Asia/Pacific -- Security Service Revenues by Country
- SECTION VII -- OTHER REGIONS
- 1 Latin America -- Security Service Market Environment
- 2 Latin America -- Security Service Revenues by Type & Market
- 3 Brazil -- Security Service Market Environment
- 4 Brazil -- Security Service Revenues by Type & Market
- 5 Other Latin America -- Security Service Market Environment
- 6 Other Latin America -- Security Service Revenues by Type & Market
- 7 Eastern Europe -- Security Service Market Environment
- 8 Eastern Europe -- Security Service Revenues by Type & Market
- 9 Poland -- Security Service Market Environment
- 10 Poland -- Security Service Revenues by Type & Market
- 11 Russia -- Security Service Market Environment
- 12 Russia -- Security Service Revenues by Type & Market
- 13 Other Eastern Europe -- Security Service Market Environment
- 14 Other Eastern Europe -- Security Service Revenues by Type & Market
- 15 Africa/Mideast -- Security Service Market Environment
- 16 Africa/Mideast -- Security Service Revenues by Type & Market
- 17 South Africa -- Security Service Market Environment
- 18 South Africa -- Security Service Revenues by Type & Market
- 19 Other Africa/Mideast -- Security Service Market Environment
- 20 Other Africa/Mideast -- Security Service Revenues by Type & Market
- SECTION VIII -- INDUSTRY STRUCTURE
- 1 Selected Cooperative Agreements
- 2 Selected Acquisitions & Divestitures
- LIST OF CHARTS
- SECTION II -- MARKET ENVIRONMENT
- 1 Median Age of Population by Region
- 2 World Urban Population by Region, 2007
- 3 Security Service Revenues per Urban Capita/GDP per Capita Relationship, 2007
- 4 World Terrorist Incidents, 1997-2007
- 5 World Terrorist Incident Fatalities, 1997-2007
- SECTION III -- MARKET OVERVIEW
- 1 World Security Service Revenues by Region, 2007
- 2 World Security Service Revenues by Type, 2007
- 3 World Security Service Demand by Market, 1997-2017
- SECTION IV -- NORTH AMERICA
- 1 North America -- Security Service Demand by Country, 2007
- SECTION V -- WESTERN EUROPE
- 1 Western Europe -- Security Service Revenues by Country,
- 2007
- SECTION VI -- ASIA/PACIFIC
- 1 Asia/Pacific -- Security Service Revenues by Country, 2007
- SECTION VIII -- INDUSTRY STRUCTURE
- 1 World Security Service Market Share by Company, 2007
More DetailsDeveloping regions to offer best growth prospectsThe strongest gains will be registered in developing parts of Asia, Eastern Europe, Africa and the Middle East, and Latin America. Security markets in these areas are, for the most part, underdeveloped, and demand will be fueled by generally strong economic environments, new business formation and foreign investment activity, increased urbanization (contributing to social tensions and criminal activity), and growing middle and upper class populations. As a result, these developing regions will increasingly have both the need for and means to invest in security services. China, India, Russia and Brazil are forecast to record some of the most robust sales increases. The US will remain the largest single consumer of private contract security services, accounting for 30 percent of all demand. Advances will trail the global average by a wide margin as alarm monitoring and prison management markets continue to mature, although the rebound in building construction will provide some support.
Commercial & industrial markets to dominateThe commercial and industrial security service market is by far the largest. The dominance of this market reflects its size, potential for loss and availability of significant resources for protective purposes. Future advances will be spurred by rising business activity and associated security requirements as the world economy continues to grow. Although the government/ institutional and residential security markets are considerably smaller, they will register healthy increases through 2012. Government/institutional market gains will be fueled by the heightened level of security consciousness that exists in the post 9/11 era, with government agencies playing a lead role in providing for the security of the public at large. However, the strongest growth will be posted by the residential security market, stimulated by a high perceived risk of crime among residents in many areas.
Study coverageWorld Security Services, a new Freedonia industry study, is priced at $5900. It presents historical demand data plus forecasts (2012, 2017) for private contractual security service by type and market, as well as for 20 countries and six regions. The study also assesses market share and profiles 38 global industry competitors.
