Global Security Services Market: Size, Trends and Forecasts (2019-2023)
Scope of the Report
The report titled “Global Security Services Market: Size, Trends and Forecasts (2019-2023)”, provides an in depth analysis of the global security Services market by value, by type, by region, etc. The report also provides a regional analysis of the security services market, including the following regions: Asia (India & Rest of Asia), Europe, North America, Latin America and Middle East and Africa.
Moreover, the report covers key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global security services market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global security services market is highly fragmented with many market players operating worldwide. Some security services market players operating on a local level while other players operating on a regional and global level. Further, key players of the security services market are Securitas AB, G4S plc, Wendel S.A. (Allied Universal), Secom Co., Ltd. are also profiled with their financial information and respective business strategies.
Asia (India and Rest of Asia)
Middle East and Africa
Wendel S.A. (Allied Universal)
Secom Co., Ltd.
In today’s world, the security services are considered very important, as the cost of damage or loss occurring due to lack of security has been increasing at a rapid pace. Security services are provided to protect the people from the various attacks, such as criminal activity, damaged property, etc. Nowadays, security is not just limited to the physical security. It also includes the protection of houses, industrial set ups, or even information and documents.
The need for the security services has increased significantly in each and every sector, including household, business, organization and government sector. Security services can be segregated into various categories, namely Static Guarding, Executive Protection, Mobile Patrol, Event Security, Aviation Security and Investigation.
The main purpose of providing security services is to deter illegal and inappropriate actions; to take action for minimizing damage; to report any incident to the clients or to enforce preventative measures. The security services market can be segmented on the basis of type (Guard Services, Electronic Security Services, Cash-in-transit and Related Services and Other Security Services) and application (Commercial and Industrial, Government and Institutional, and Residential).
The global security services market has increased at a significant CAGR during the years 2014-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The security services market is expected to increase due to the growing number of ATMs, rapid urbanization, increase in crime rate and threats, rising level of economic activity, growth in the building construction, surging industrial activities, etc. Yet the market faces some challenges such as lack of quality manpower, problems in acquiring arms licensing, lack of efficient management, etc.
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