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Manned Security Services Market Size

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

Manned Security Services Market: Safeguarding Our Shared Spaces

The manned security services market stands as a critical pillar in ensuring safety and security across various sectors. This expansive market encompasses not only the services provided by trained security personnel but also the array of equipment that supports and enhances these services. As the global population continues to urbanize, the demand for manned security services has become more pronounced, addressing the safety needs of industrial, commercial, and residential buildings worldwide.

Market Dynamics and Organization:

The market for manned security services is characterized by its organization and regulation, particularly in developed countries such as the United States and the United Kingdom. The meticulous organization ensures that the provision of security services adheres to strict standards and protocols, contributing to the overall safety of individuals and assets.

Despite its organized nature, the manned security services market is highly fragmented, featuring a multitude of key players operating on both international and regional levels. This fragmentation underscores the diverse range of services and solutions available, catering to the unique security requirements of different regions and industries.

Global Influence and Key Factors:

The global manned security services market is influenced by a myriad of factors, each contributing to its dynamic nature and growth. These factors include:

Growing Urban Population and Asset Creation: The continual growth of urban populations worldwide has led to increased asset creation, necessitating robust security measures. Manned security services play a pivotal role in safeguarding these assets, ranging from commercial complexes to residential buildings.

Transition to Secure Living Spaces: Rising crime rates have prompted a significant transition of people towards living in secure apartments and gated communities. This shift reflects a collective desire for enhanced safety, driving the demand for manned security services in residential areas.

Development of Training Centers: The establishment of training centers for security personnel is a crucial factor in ensuring the effectiveness of manned security services. Well-trained personnel contribute to a higher level of security, especially in regions with low police per capita, such as developing countries like China and India.

Rise of Automated Security Systems: The integration of automated security systems has complemented manned security services, providing a comprehensive and technologically advanced approach to safety. These systems enhance the capabilities of security personnel, ensuring a more efficient and responsive security infrastructure.

Transition to an Organized Market: The global shift towards an organized market for manned security services reflects a growing recognition of the importance of professional security solutions. This transition signifies an increased focus on standardized services, adherence to regulations, and the adoption of best practices in the security industry.

Navigating Challenges and Embracing Opportunities:

While the manned security services market has witnessed substantial growth, it also faces challenges that require strategic navigation. The evolving landscape of security threats, the need for continuous training and upskilling of personnel, and the integration of emerging technologies are areas that demand attention.

However, within these challenges lie opportunities for innovation and growth. The increasing reliance on technology, the development of smart and integrated security solutions, and the expansion of services to address new security dimensions present avenues for market players to explore.

Future Outlook and Collaborative Efforts:

As the world continues to grapple with evolving security challenges, the manned security services market is poised for a transformative journey. Collaborative efforts between public and private entities, the integration of cutting-edge technologies, and a proactive approach towards addressing emerging threats will shape the future of this vital industry.

In conclusion, the manned security services market plays a pivotal role in ensuring the safety and security of our shared spaces. From guarding industrial complexes to securing residential communities, the market's influence is far-reaching. As the industry adapts to the changing dynamics of security needs, it is positioned to evolve, innovate, and provide solutions that contribute to a safer and more secure global landscape.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2023 USD 20.0464billion Billion
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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