Global Private Security Services Market 2022-2026
The analyst has been monitoring the private security services market and it is poised to grow by $56.33 bn during 2022-2026, accelerating at a CAGR of 4.81% during the forecast period. Our report on the private security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization, concerns about terrorism and crime, and a low ratio of police officers to the population.
The private security services market analysis includes end-user, service segment, and geographic landscape.
The private security services market is segmented as below:
By End-user
• Industrial
• Residential
• Financial institutions
• Others
By Service
• Manned Guarding
• Electronic security services
• Cash services
By Geographical Landscape
• APAC
• North America
• Europe
• South America
• The Middle East and Africa
This study identifies the popularity of virtual security systems as one of the prime reasons driving the private security services market growth during the next few years. Also, the popularity of integrated security solutions and the increasing number of women security guards will lead to sizable demand in the market.
The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters. Our report on the private security services market covers the following areas:
• Private security services market sizing
• Private security services market forecast
• Private security services market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading private security services market vendors that include ADT INC., Allied Universal, AMZ Sicherheitsdienste GmbH, GardaWorld Security Corp., Hanwei International Security Services Co.Ltd., ICTS International NV, ISS AS, Kingdom Protection Services Pvt. Ltd, Loomis AB, Mitie Group Plc., Monitronics International Inc., OCS Group Ltd., Peregrine Guarding Pvt Ltd., Prosegur Compania de Seguridad SA, Provisor Security Services, SECOM Plc, Securitas AB, SIS Ltd., Corps of Commissionaires Management Ltd., and Top IPS Group. Also, the private security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.