Manned Security Services Market Research Report – Forecast to 2027

Manned Security Services Market Information: By Type (Equipment, Service), By End-user (Industrial Buildings, Commercial Buildings, Residential Buildings) - Forecast till 2027

ID: MRFR/A&D/4989-CR | February 2021 | Region: Global | 177 Pages         

Manned Security Services Market

Manned Security Services Market is projected to account for USD 43.7 Billion market Grow at a CAGR Of 13.9% by 2020 -2030

Segmentation

By Type Equipment Service
By End-user Industrial Buildings Commercial Buildings Residential Building

Key Players

  • O.C.S. Group Limited (U.K.)
  • S.I.S. International S.R.L. (Italy)
  • ICTS Europe S.A. (France)
  • U.S. Security Associates Inc. (U.S.)
  • Tops Security Limited (India)
  • China Security & Protection Group Ltd. (China)
  • G4S plc (U.K.)
  • Transguard Group (U.A.E.)
  • Axis Group Integrated Services Ltd. (U.K.)
  • Andrews International Inc. (U.S.)
  • Securitas AB (Sweden)
  • Allied Universal (U.S.).

Drivers

  • Manned Security Services Market shows high growth potential due to the growing natural disasters
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Manned Security Services Market Overview


The global Manned Security Services Market is projected to account for USD 7,190.2 Million market value during the forecast period. Further, the global market is registered to generate a CAGR of 6.44% during the review period of 2018 to 2025. Manned security services are extensively used to maintain the defenses of residential complexes, commercial and industrial complexes, referring to equipment and personnel. Recently, the demand for international travel is increasing due to the increased globalization, which is growing the requirement for border patrol agents and airport security. Additionally, the growing urbanization results in increased crime rates, which is growing the private security demand. Overall, these factors are growing the Manned Security Services Market for the forecast period. Apart from this, the increasing training centers for security personnel and surging demand for gated societies are expected to boost up the growth of the global market in the forecast timeframe. 

In 2018, the North American region registered to grow at 30.05% CAGR. Further, the North American regional market is projected to account for the Manned Security Services Market Share of USD 2,172.1 million by the end of the year 2025. This region fuels the demand for manned security services due to the growing electronics integration and increasing crime rate. In addition, this region has more growth opportunities for the global market because of the availability of advanced equipment and advancement in technology. Apart from that, the European region is projected to grow significantly in the review timeframe due to the growing demand for manned security deployment in embassies, malls, and other buildings and the increasing crime rate in the European region.

Moreover, the market players adopt various strategies like mergers, acquisitions, partnerships, and collaboration to develop their customer base. Further, the growing demand for Manned Security Services is engaging more key players in the global market. The significant development in the Manned Security Services has been evident due to the growing crime rate across various countries. For instance, the market players focus on innovations to achieve a higher status in the global market. 

COVID-19 Impact Analysis

As per the Manned Security Services Market Forecast report, the ongoing pandemic has impacted the global market in the first half of the year 2020. At this period, the temporary shutdown of malls, offices, and other non-essential services has impacted the productivity and demand of global services. Additionally, the global market has lost its investors and supply chain.

However, the unique ideas and strategies of the market leaders have fueled the market value in the present context. Further, the global market accounted to hold the higher market share in the upcoming years. 

Market Overview 



  • Major Drivers of the Market



The global Manned Security Services Market shows high growth potential due to the growing natural disasters and rise in terrorist attacks across various countries. Moreover, the need for cyber security is increasing among various security companies due to the increasing data breaches and cyber-attacks. As a result, it is driving the growth of the global market. 

On 20 December 2018, the U.K. government has announced that the actors carried out a malicious cyber campaign on behalf of the Chinese Ministry of State Security. It has targeted sensitive commercial data and intellectual property data in the US, Asia, and Europe. Hence, this increases the demand for manned security services in the forecast period as per the Manned Security Services Market Outlook report.


  • Opportunities of the global market


The demand for manned security services is growing with the increasing integrated guarding solutions like electronic surveillance, I.P. surveillance, burglar alarms, and others. This increasing demand in airports, embassies, malls, and others fuel more opportunities for the Manned Security Services Market leaders and manufacturers.

Moreover, the global Manned Security Services Market Trends has significant growth opportunities for the global market due to the trainer professionals’ availability for the renowned vendors. 



  • Market Restraints



During the forecast period, the lack of trust issue in third-party can be the major market restraint for developing the global market. Another reason for the market restraints can be the global economic slowdown, which can reduce the manned security services demands globally. 


According to the Manned Security Services Market Trends report, the key players are making more efforts to fight these market restraints to boost up the growth of the global market. 



  • Market Growth challenges


The global Manned Security Services Market might face major challenges due to the COVID-19 pandemic, which has impacted the manufacturing and supply chain of the global market. 


Moreover, the growing integration and advent of automated security are projected to decline the demand for manned security services, the biggest marketing challenge.



  • Cumulative growth Analysis


This global market is projected to hold moderate market growth in the forecast period due to the increasing rapid urbanization and increasing crime rates.


As per the Manned Security Services Market Forecast report, the regional market of North America, Europe, and the Asia Pacific are contributing remotely by generating more investment to the global market. 


Market segment overview



  • By Types:


This market has been categorized as the service and equipment based on type segment. 


Among these two, the equipment segment is predicted to hold USD 4,976.9 million Manned Security Services Market Size and a CAGR of 6.98% market share by the end of 2025. On the other hand, the service segment holds 5.31% CAGR in the research period. 



  • By End-User:


The Manned Security Services Global Market has been classified into industrial, residential, and commercial buildings in terms of the end-user segment. 


The commercial building segment is registered to hold the higher 6.66% CAGR for the forecast timeframe. On the other hand, the industrial buildings segment is projected to account for USD 4,049.2 million Manned Security Services Market Size and generate 653% CAGR by the end of the year 2025. 


Regional Analysis


According to the Manned Security Services Market Analysis, the global market for manned security services is divided into geographical locations such as Asia Pacific, North America, Europe, and others.


Out of all regions, the Asia Pacific regional market accounts for the Manned Security Services Market Share of USD 25,121 million and 6.61% CAGR for the review period. This region has witnessed significant growth due to growth-centric countries like China, Japan, and India in the Asia Pacific region. Moreover, this regional market has more opportunities due to the increasing training centers development for poor armed service and security personnel per capita in the Asian Pacific Countries. Another major cause of the Asian Pacific regional market is the increasing crime rates and rapid urbanization in these countries. Furthermore, the factors like increasing employment opportunities, skilled force, and the fast rise in the population are boosting the Manned Security Services Market Growth. 


Manned Security Services Market Growth



  • Competitive Landscape Analysis


In the present scenario, the Manned Security Services Global Market is propelling its growth because of the hard work of the market players across the world. These key players include:



  • O.C.S. Group Limited (U.K.)

  • S.I.S. International S.R.L. (Italy)

  • ICTS Europe S.A. (France)

  • U.S. Security Associates, Inc. (U.S.)

  • Tops Security Limited (India)

  • China Security & Protection Group Ltd. (China)

  • G4S plc (U.K.)

  • Transguard Group (U.A.E.)

  • Axis Group Integrated Services Ltd. (U.K.)

  • Andrews International Inc. (U.S.)

  • Securitas AB (Sweden)

  • Allied Universal (U.S.).


These key players are the biggest strength of the thriving global market. They have applied various promotional ideas, new product launches and developed strategies to thrive the Manned Security Services Market Revenue for the review timeframe. 


Recent Developments



  • In December 2019, the Vodafone IDEA business center and I.B.M. partnered to produce a secure device management solution for security reasons.

  • In March 2020, AT&T collaborated with Broadcom and Palo Alto Networks to develop Disaggregated Scalable Firewall (DSFW).


Report Overview


The Manned Security Services Market Analysis explains that the report combines both qualitative and quantitative analysis. It has involved primary and secondary research methods to understand the ongoing Manned Security Services Market situation and growth. Moreover, the report has included market segments, dynamics, challenges, restraints, and regional classification.


Furthermore, the report has discussed the recent developments and the competitive analysis of the global market to ensure the present competition worldwide. 


Segmental Table:


By Types:



  • service

  • equipment


By End-User:



  • industrial buildings 

  • residential building 

  • commercial buildings



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Frequently Asked Questions (FAQ) :

The Asia Pacific region is dominating the global Manned Security Services Market for the forecast period.

The global Manned Security Services Market has aimed to achieve a CAGR of 6.44% for the forecast period.

The global Manned Security Services Market has been segmented into types and end-users.

Global Manned Security Services Market: Competitive Landscape


G4S plc, Securitas AB, OCS Group Limited, Transguard Group and U.S. Security Associates, Inc. are the major five players operating in the Global Manned Security Services Market. G4S plc held the largest share among top five players with a share of 13.40%, in 2017, followed by Securitas AB and OCS Group Limited with respective shares of 10.82%  and 3.49%. These companies continue to retain their strong global presence through expansion, merger & acquisition, partnership & collaboration, and extensive product portfolio.


G4S plc (G4S) is the leading company in the manned security services market, as they specialize in the delivery of security and related services. The company focuses to provide reliable and efficient security solutions in order to grow and sustain in the price competitive market, especially in the emerging regions.


Securitas AB is primarily engaged in a wide range of services to customers in a variety of industries and customer segments. Its security services comprise of airport security, remote video solutions, international security services. It focuses on developing advanced technologies for their security services and extending their channel partners.


OCS Group Limited offer a wide range of security products and services security services, alarm monitoring and response, CCTV and intruder alarm systems, remote monitoring, car park management. The firm is expanding its business in Asia Pacific to strengthen its market presence and build a strong brand image. The company is also focused on improving their security training standards as per government standards.


Transguard Group offers various types of access control, CCTV, and perimeter intrusion detection systems. The company mainly focuses on the strategic acquisition of the main companies to enhance its market share in the security service business.


U.S. Security Associates, Inc. offers integrated security solutions by combining technology with predictive analytics and human resources skills that result in better outcome for the customers. The company is engaged on strengthening their presence in key vertical markets to improve the training standards and service quality. It is also focused on the development of next-generation technologies, such as advanced GPS technology that captures the real-time location information of officers to improve the performance of security forces.


The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through partnership & collaboration followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence and the customer base. The competitive environment in the market is likely to intensify further due to the increase in new product developments and business expansions.