info@marketresearchfuture.com   ๐Ÿ“ž +1 (855) 661-4441(US)   ๐Ÿ“ž +44 1720 412 167(UK)   ๐Ÿ“ž +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersรขโ‚ฌโ„ข financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Manned Security Services Market Size

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

Market Size Snapshot

YearValue
2023USD 20.0464 Billion
2030USD 43.7702 Billion
CAGR (2023-2030)13.9 %

Note โ€“ Market size depicts the revenue generated over the financial year

The manned security services market is projected to reach a valuation of $20.46 billion in 2023 and to grow to a value of $47.77 billion by 2030. This phenomenal growth is expected to be reflected in a CAGR of 13.9% during the forecast period. This growth is primarily due to the rising demand for security solutions in various industries, such as commercial, residential, and industrial. The growing concerns about crime, the need for enhanced safety, and the increasing trend of urbanization are some of the other factors that are expected to drive the demand for manned security services. The technological advancements in the surveillance and monitoring systems are also playing a crucial role in the growth of this market. These advancements, such as integrated security systems, mobile patrol applications, and real-time monitoring systems, are expected to increase the effectiveness of manned security services. In order to strengthen their market position, the leading players in the manned security services market, such as G4S, Securitas AB, and Allied Universal, are focusing on strategic initiatives such as acquisitions, mergers, and new product launches. These developments highlight the dynamic nature of the manned security services market and its potential for growth in the coming years.

home-ubuntu-www-mrf_ne_design-batch-3-cp-manned-security-services-market size

Regional Market Size

Regional Deep Dive

The Manned Security Services Market is growing significantly in various regions of the world, owing to the increasing security concerns, technological advancements, and changing regulatory framework. North America has a high demand for integrated security solutions, whereas Europe has a shift towards specialized security services. The Asia-Pacific region is rapidly growing due to the rising crime rate and increasing urbanization. The Middle East and Africa are influenced by the geopolitical tensions and the infrastructural developments. Latin America is expected to grow due to the economic recovery and the increasing investments in the security infrastructure. Each region has its own characteristics, which influence the market and offer opportunities and challenges to the stakeholders.

Europe

  • The European market is increasingly focusing on sustainability, with firms such as Securitas implementing eco-friendly practices in their operations, aligning with the EU's Green Deal initiatives.
  • The introduction of the General Data Protection Regulation (GDPR) has significantly impacted how security services handle personal data, leading to a greater emphasis on compliance and data protection measures.

Asia Pacific

  • Rapid urbanization in countries like India and China is driving demand for manned security services, with local firms such as SIS Group and Tops Security expanding their operations to meet the growing needs of urban centers.
  • Government initiatives, such as the Smart Cities Mission in India, are promoting the integration of security services with smart technology, enhancing overall safety and security in urban environments.

Latin America

  • In Latin America, the rise in crime rates has led to a surge in demand for manned security services, with companies like Prosegur and Grupo Securitas expanding their operations to address these concerns.
  • Government programs aimed at improving public safety, such as Brazil's National Public Security Plan, are driving investments in security infrastructure, creating opportunities for manned security service providers.

North America

  • The rise of smart technology integration in manned security services is notable, with companies like Allied Universal and G4S investing in AI-driven surveillance systems to enhance service efficiency and effectiveness.
  • Regulatory changes, particularly in states like California, are pushing for stricter licensing requirements for security personnel, which is expected to elevate service standards and operational costs in the region.

Middle East And Africa

  • The ongoing geopolitical tensions in the Middle East are leading to increased investments in security services, with companies like G4S and Securitas expanding their presence in high-risk areas.
  • The UAE's Vision 2021 initiative is fostering a more secure environment, prompting a surge in demand for manned security services as businesses and government entities seek to enhance safety measures.

Did You Know?

โ€œDid you know that the global manned security services market is projected to employ over 3 million security personnel worldwide, highlighting the industry's significant role in job creation?โ€ โ€” International Security Industry Association (ISIA)

Segmental Market Size

The Manned Security Service plays a vital role in the security market. It is experiencing steady growth, primarily due to the rising concerns over safety and security in various fields. The growth is driven by the increasing crime and terrorism, which increase the demand for security personnel, and the stricter regulations in sensitive locations such as airports and government buildings. Also, the technological development in the field of surveillance and communication equipment enhances the effectiveness of manned security service, thus driving the market further. The manned security service is currently in its mature stage of development. The leaders are G4S and Securitas, which are deploying their manned security service extensively in various industries, including retail, health, and critical infrastructure. The main applications are in events, office buildings, and residential complexes. The pandemics such as the H1N1 influenza virus have increased the demand for security services, and the sustainable development trend has led to the need for more eco-friendly security practices. The manned security service will continue to develop with the help of technological advancements such as mobile surveillance and integrated security systems.

Future Outlook

The Manned Security Services market is expected to grow at a CAGR of 13.6% from 2023 to 2030, and from $20.05 billion to $43.77 billion. The main driver of this growth is the increasing demand for security solutions in various industries, such as commercial, residential, and government. As the complexity of the security threats evolves, the need for manned security services is expected to increase. By 2030, it is expected that the share of manned security services will reach about 25% of the total security services market, which will highlight the important role that these services will play in the security of personnel and assets. Artificial intelligence and advanced surveillance systems are expected to increase the efficiency and effectiveness of manned security services. Further market growth will be driven by the regulatory frameworks and government policies that focus on the safety and security of public places. And as the trend towards hybrid security solutions continues, a mixture of manned and unmanned security solutions will continue to be adopted by organizations in order to optimize their security strategy. As the market evolves, it is important for the manned security services industry to remain agile and responsive to these trends to seize the opportunities that are emerging in the industry.

Covered Aspects:
Report Attribute/Metric Details
Market Size Value In 2023 USD 20.0464billion Billion
Growth Rate 13.90%(2023-2030)
Leading companies partner with us for data-driven Insights
clients
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.