Manned Security Services Market in the Middle East 2017-2021
About Manned Security Services
Manned security services are required to protect an infrastructure against any unauthorized access, occupation, damage, guarding the premises against any unwanted activities and protecting individuals from getting affected from any undesirable incidents. Manned guarding is one of the most essential requirements for any country to provide a better and secured lifestyle to the public. With the flourishing economic growth in the ME region, the need for protection has also increased. ME region is rich in its precious raw materials, for protecting it against the odd actions manned guarding is necessarily required.
Technavio’s analysts forecast the Manned Security Services Market in the Middle East to grow at a CAGR of 7.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the manned security services market in the Middle East for 2017-2021. To calculate the market size, the report considers the services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Manned Security Services Market in the Middle East 2017-2021
Technavio recognizes the following companies as the key players in the manned security services market in the Middle East: G4S, Hemaya, Securitas, and Transguard.
Other Prominent Vendors in the market are: Brink's, Magnum Security Services, Triple Canopy, and Unity Resources.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is utilization of smarter and networked systems along with manned security. There has been seen a rise in using physical security solutions like technologically advanced intruder alarms, video surveillance, electronic locks, perimeter protections and various identification systems. The internet of things along with manned security services have a high potential to offer a very secured environment to people. Through connected devices, apps, sensors and advanced devices installed the entire infrastructure helps manned security to get a clear vision of every part of an infrastructure.”
According to the report, one of the major drivers for this market is increasing focus on developing infrastructure. With the ongoing process of modernization, the shift from agricultural to urban forms of work has been noticed. With the shift of people from rural to urban areas creates economic, social and cultural changes as people changes their lifestyle on coming to the urban areas. The world has proceeded in the path of urbanization because of factors like rising population and need for better standard of living. Middle East accounts for one of the most urbanised regions in the world and is still developing its boundaries to expand its cities.
Further, the report states that one of the major factors hindering the growth of this market is lack of training given to the security officers. One of the biggest issues with the security services is lack of training to the security officers. For managing the vital services aspect such as security one needs to be trained enough to handle the technological as well as critical aspects of ground security. Prior training not only mitigates the risk of critical incidences to occur because of less or no training but also provides a better view to the security officers on how to manage such incidences in future. This job is generally stressful in nature, the officers with lack of training feels an unpreparedness always due to which they lost in confidence on themselves on how to handle any uncertain incident. This creates a sense of instability amongst the common people and the assets under control of such officers are also remains at risk.
G4S, Hemaya, Securitas, Transguard, Brink's, Magnum Security Services, Triple Canopy, and Unity Resources.