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Manned Security Services Market Share

ID: MRFR//4989-CR | 177 Pages | Author: Sejal Akre| March 2023

Urbanization Trends: Shaping the Demand for Manned Security Services

The global landscape is undergoing a profound transformation as urbanization becomes an increasingly dominant phenomenon. The United Nations (UN) projects a remarkable shift in demographics, with the global urban population expected to surge to 1.5 billion by 2030 and a staggering 3 billion by 2050. This significant migration towards urban centers is driven by factors such as economic opportunities, job availability, and the allure of urban living.

The Global Urbanization Wave:

The surge in urbanization is reshaping the very fabric of societies worldwide. Economic activities and employment opportunities tend to be more concentrated in urban areas, creating a magnetic pull that draws individuals away from rural settings. Non-urban districts are undergoing transformation, evolving into cities to accommodate the growing urban population. This migration trend, outlined in the World Migration Report 2015, reveals that an estimated three million people are making the transition to cities every week.

The evolving urban landscape is not merely a statistical shift but a profound societal and economic transformation. Cities are becoming epicenters of innovation, commerce, and cultural exchange, influencing the way people live, work, and interact. As urbanization intensifies, so do the challenges associated with managing the security and safety of burgeoning urban populations.

Urbanization and the Surge in Crime:

While urbanization brings forth numerous opportunities, it also presents challenges, particularly in the realm of security. Rapid urban growth can lead to an increase in crime rates, ranging from petty theft to more serious offenses. The density of populations in urban centers creates complex social dynamics, necessitating effective security measures to maintain law and order.

The surge in crime, especially in urban settings, underscores the critical need for robust security services. Individuals and families moving to cities seek not only economic opportunities but also a safe and secure living environment. This heightened awareness of security concerns is a key driver in the demand for manned security services, as urbanites prioritize the well-being of themselves and their communities.

Economic Opportunities and Urban Migration:

The allure of economic opportunities is a central force driving the global urbanization wave. Urban areas offer a diverse range of jobs, educational institutions, and cultural amenities, attracting individuals from diverse backgrounds. The migration to cities is not just a trend but a reflection of the changing nature of work and lifestyle preferences.

As industries and commerce flourish in urban settings, people are drawn to the promise of better livelihoods and career prospects. The dynamics of urban economies create a dynamic landscape where skilled professionals, entrepreneurs, and workers converge, contributing to the vibrancy and complexity of urban life. However, this influx of diverse populations also necessitates effective security measures to manage the intricacies of urban coexistence.

Challenges and Opportunities in Urban Security:

Urban security is a multifaceted challenge that requires a nuanced and comprehensive approach. The sheer diversity and density of urban populations demand security services that can adapt to evolving threats and ensure the safety of individuals and communities. Manned security services play a pivotal role in addressing these challenges, providing a visible and responsive presence that enhances the overall security ecosystem.

The demand for manned security services is not solely a response to crime rates but a proactive measure taken by urbanites to safeguard their quality of life. Secure living environments, such as gated communities and apartments, are increasingly becoming the housing choice for those moving to cities. These communities require not only physical infrastructure but also a dedicated workforce of security personnel to maintain the safety and well-being of residents.

Charting the Path Forward: Urbanization and Security Integration:

As urbanization continues its relentless march, the integration of security measures into urban planning and development becomes paramount. Smart cities, equipped with advanced technologies and data-driven solutions, offer a glimpse into the future of urban living. These cities leverage innovations in surveillance, communication, and emergency response to create safer and more efficient urban environments.

Manned security services are an integral part of this urban security integration. The human touch, combined with technological advancements, ensures a holistic and adaptive approach to urban security challenges. The personnel providing these services become not just guardians of physical spaces but stewards of the evolving urban experience.

In conclusion, the global trend of urbanization is shaping the demand for manned security services in profound ways. The surge in urban populations brings forth opportunities and challenges, with security becoming a critical aspect of urban living. As cities evolve into hubs of innovation and diversity, the role of manned security services becomes ever more crucial in fostering secure, vibrant, and resilient urban communities.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2019- 2021
Forecast Period 2023-2030
Growth Rate 13.90%(2023-2030)

Global Manned Security Services Market Overview

Manned Security Services Market Size was valued at USD 17.6 billion in 2022. The Manned Security Services market industry is projected to grow from USD20.0464 Billion in 2023 to USD 43.7702 billion by 2030,exhibiting a compound annual growth rate (CAGR) of 13.90% during the forecast period (2023 - 2030). Increased natural disasters and a rise in terrorist attacks across various countries are the key market drivers enhancing market growth.Manned Security Services market OverviewSource Secondary Research, Primary Research, MRFR Database, and Analyst Review

Manned Security Services market Trends

  • Rise in global security concerns driving the Market Growth

One of the primary factors driving the Market CAGR of the manned guarding market is the rise in global security concerns. The market is growing due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security. Moreover, the rising security concerns across the globe are further expected to propel market growth. The market is further growth due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security.

Additionally, demand for Manned Guard security services will be predominantly driven by group housing, flats, and commercial infrastructure in both the private and public sectors. These industries have exploded in popularity in the Middle East during the last few years. During the projection period, the use of technology in manned security solutions is expected to increase. As more competent and educated guards are needed who can learn quickly and adapt to new technology, wages may climb. Thus, driving the Manned Security Services market revenue.

Manned Security Services Market Segment Insights

Manned Security Services Type Insights

Based on Type, the Manned Security Services Market segmentation includes equipment and service. The equipment segment is predicted dominate the manned security services market. This is due to the growing awareness among clients of the need for trained security personnel to prevent theft, unlawful entry, and other unwanted disturbances in their private spaces.The service segment holds a 5.31% CAGR in the research period. The growing urbanization resulting in increased crime rates enhancing the private security demand further influence the market.

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

Figure1 Manned Security Services Market, by Type, 2022& 2030(USD billion)Manned Security Services Market, by Type, 2022& 2030Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Manned Security Services End-userInsights

The Manned Security Services Market segmentation, based on end-user, includes industrial, commercial, and residential buildings. The commercial building segment is registered to hold a higher 6.66% CAGR for the forecast period. Due to increased system availability, an increase in the number of connected devices, a rise in the adoption of the internet of things, and increasing training centers for security personnel affect the commercial segment.

Manned Security Services Regional Insights

By Region, the study provides market insights into Asia-Pacific, North America, Europe, and the Rest of the World. The Asia-Pacific manned security services market will dominate this market due to the increasing development of training centers for poorly armed service and security personnel per capita. In addition, the factors like increasing employment opportunities, skilled force, and the fast rise in the population boost the market growth in this Region.

Further, the major countries studiedin the market reportare The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2 MANNED SECURITY SERVICES MARKET SHARE BY REGION 2022 (%)MANNED SECURITY SERVICES MARKET SHARE BY REGION 2022Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

Europe manned security Services market accounts for the second-largest market share due to the increased natural disasters. Further, the German manned security services market held the largest market share, and the UK manned security services market was the fastest-growing market in the European Region.

The North American manned security services market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the rising number of residential and commercial complexes in cities, increasing the demand for round-the-clock surveillance and security personnel. Further, the US manned security services market held the largest market share, and the Canada manned security services market was the fastest-growing market in the Region.

Manned Security Services Key Market Players& Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the manned security services market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The manned security industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global manned security services industry to benefit clients and increase the market sector. In recent years, the manned security services industry has offered some of the most significant advantages to medicine. Major players in the Manned Security Services market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

Transguard Group,Offering flexible solutions for all of the UAE's staffing needs since 2001, Transguard Group is the Region's expert in cash services, security, facilities management, and white-collar staffing – and much more in between. With an annual turnover of AED 2.2 billion in the 2021-2022 financial year, Transguard's expertise is in supplying the right people for its clients, precisely when and where they're needed. Learn more about how Transguard is helping the UAE's businesses grow. Transguard Group, the UAE's leading business solutions provider, announced it has further reinforced its partnership with a UAE-based airline to include check-in agents.

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India's leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G, and 4G platforms. With the large spectrum portfolio to support the growing demand for data and voice, the Company is committed to delivering delightful customer experiences and contributing towards creating a truly 'Digital India' by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as an extensive on-ground presence. The Vodafone IDEA business center and I.B.M. partnered to produce a secure device management solution for security reasons.

Key Companies in the manned security services market include

  • C.S. Group Limited (U.K.)

  • I.S. International S.R.L. (Italy)

  • ICTS Europe S.A. (France)

  • 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.)

Manned Security Services Industry Developments

For instance, June 2022 Transguard Group, the UAE’s leading business solutions provider, announced it has further reinforced its partnership with a UAE-based airline to include check-in agents.

For instance, May 2022 The UAE’s business solutions provider Transguard Group has joined hands with the internationally renowned, award-winning culinary school International Centre for Culinary Arts (ICCA Dubai) to launch Smart Solutions. The specially curated boot camp-style training programs designed by ICCA Dubai offer industry-relevant knowledge and skill sets to mold learners into Smart Kitchen Aides and Smart Kitchen Stewards, thus enabling the Smart Trained Workforce to effectively deliver in the hospitality industry, as well as build their careers.

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

Manned Security Services Market Segmentation

Manned Security ServicesType Outlook

  • Equipment

  • Service

Manned Security Services By End-user Outlook

  • Industrial Buildings

  • Commercial Buildings

  • Residential Building

Manned Security Services Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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