Product Code: A06346
The private security market size was valued at $241,373.4 million in 2022 and is projected to reach $531,512.7 billion by 2032, registering a CAGR of 7.8% from 2023 to 2032.
Private security services relate to the execution of safety procedures, security, and monitoring by privately held businesses or people, as opposed to official law enforcement authorities. These services cover an extensive spectrum of functions designed to protect individuals, possessions, and assets. Private security organizations provide a variety of services, including private security officers, alarm surveillance, control of access, video surveillance, safety for events, executive security, and cybersecurity solutions. Their primary goal is to prevent and hinder security risks such as burglary, destruction of property, trespassing, and other illegal activity. Private security services can be adapted to clients' individual requirements, including residential, commercial, industrial, governmental, and institutional sectors. These services frequently follow regulatory rules and industry standards, utilizing experienced individuals with the required skills and equipment to provide efficient security. Private security is critical in supporting official law enforcement activities and improving overall security and protection in a variety of settings.
Globalization of organizations has resulted in increased security risks, boosting the expansion of the private security sector. As firms extend their activities beyond borders and into emerging markets, they face a slew of security concerns arising from unstable geopolitical circumstances, cultural differences, legal difficulties, and new threats. The linked structure of worldwide supply chains, digital networks, and communication channels exacerbates these vulnerabilities, exposing organizations to cyberattacks, proprietary information theft, terrorism, and other security breaches. As a result, companies are increasingly recognizing the need to prioritize security measures to safeguard their property, activities, and credibility in the global market. Private security businesses assist organizations manage these obstacles by providing specialized services customized to multinational corporations' specific demands and risk profiles. Private security organizations provide a wide variety of knowledge and resources to manage globalization's security threats, from performing extensive risk assessments and installing physical security measures to offering cybersecurity solutions and executive protection services. As businesses expand their global footprint and face evolving security threats, the requirement for private security services is expected to increase, driving market growth as organizations seek to protect their interests and ensure continuity of operation in an increasingly interconnected world.
The shortage of competent individuals and knowledge in specific specialized areas of security is a key impediment to the expansion of the private security business. In the current decade, there is an increasing requirement for highly trained and knowledgeable security professionals as the potential threats for companies operating in different sectors are increasing every year. However, the availability of skilled professionals capable of dealing with specialized security concerns such as cybersecurity, intelligence about threats, risk estimation, and crisis management is still inadequate. This dearth of competent labor not only impedes private security organizations' ability to satisfy the different demands of their clients, but it also limits their ability to innovate and grow into new services. Furthermore, the competitive environment of the labor market makes this task more difficult, as security organizations must compete with other sectors, government agencies, and academics to recruit and retain outstanding people. To close the skills shortage in the private security sector, industry stakeholders, colleges and universities, and policymakers must work together to develop training programmed, certifications, and career paths that provide individuals with the specialized knowledge and skills required to succeed in a variety of security positions. By investing in talent development and cultivating a culture that encourages ongoing learning and professional development, private security companies can overcome the challenges posed by a lack of skilled personnel and position themselves for a lifetime of development and achievement in an increasingly dynamic and competitive market.
The private security market is segmented into service and end user. Depending on service, the market is segregated into manned security, electronic security, cash handling services, and others. By end user, it is categorized into residential, commercial, industrial, and government. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Latin America (Brazil, Argentina, and the rest of Latin America), and Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, and Rest of Middle East & Africa).
Players operating in the private security market have adopted various developmental strategies to expand their private security market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Allied Universal Security Services, LLC, ADT Inc., Securitas AB, Secom Co., Ltd., Prosegur Compania de Seguridad, S.A, The Brink's Company, ISS A/S, GardaWorld Corporation, Loomis AB, and SIS Group Enterprise.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the private security market analysis from 2022 to 2032 to identify the prevailing private security market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the private security market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global private security market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- SWOT Analysis
Key Market Segments
By Service
- Manned Security
- Electronic Security
- Cash Handling Services
- Others
By End User
- Residential
- Commercial
- Industrial
- Government
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Rest of Middle East And Africa
Key Market Players:
- Allied Universal Security Services LLC
- ADT Inc.,
- Securitas AB
- Secom Co., Ltd.
- Prosegur Compania de Seguridad, S.A
- The Brink's Company
- ISS A/S
- GardaWorld Corporation
- Loomis AB
- SIS Group Enterprise.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
CHAPTER 4: PRIVATE SECURITY MARKET, BY SERVICE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Manned Security
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Electronic Security
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Cash Handling Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: PRIVATE SECURITY MARKET, BY END USER
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Residential
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Commercial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Industrial
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Government
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: PRIVATE SECURITY MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Service
- 6.2.3. Market size and forecast, by End User
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Service
- 6.2.4.1.2. Market size and forecast, by End User
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Service
- 6.2.4.2.2. Market size and forecast, by End User
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Service
- 6.2.4.3.2. Market size and forecast, by End User
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Service
- 6.3.3. Market size and forecast, by End User
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Service
- 6.3.4.1.2. Market size and forecast, by End User
- 6.3.4.2. UK
- 6.3.4.2.1. Market size and forecast, by Service
- 6.3.4.2.2. Market size and forecast, by End User
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Service
- 6.3.4.3.2. Market size and forecast, by End User
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Service
- 6.3.4.4.2. Market size and forecast, by End User
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Service
- 6.3.4.5.2. Market size and forecast, by End User
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Service
- 6.3.4.6.2. Market size and forecast, by End User
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Service
- 6.4.3. Market size and forecast, by End User
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Service
- 6.4.4.1.2. Market size and forecast, by End User
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Service
- 6.4.4.2.2. Market size and forecast, by End User
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Service
- 6.4.4.3.2. Market size and forecast, by End User
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Service
- 6.4.4.4.2. Market size and forecast, by End User
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Service
- 6.4.4.5.2. Market size and forecast, by End User
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Service
- 6.4.4.6.2. Market size and forecast, by End User
- 6.5. Latin America
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Service
- 6.5.3. Market size and forecast, by End User
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Service
- 6.5.4.1.2. Market size and forecast, by End User
- 6.5.4.2. Argentina
- 6.5.4.2.1. Market size and forecast, by Service
- 6.5.4.2.2. Market size and forecast, by End User
- 6.5.4.3. Rest of Latin America
- 6.5.4.3.1. Market size and forecast, by Service
- 6.5.4.3.2. Market size and forecast, by End User
- 6.6. Middle East and Africa
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by Service
- 6.6.3. Market size and forecast, by End User
- 6.6.4. Market size and forecast, by country
- 6.6.4.1. Saudi Arabia
- 6.6.4.1.1. Market size and forecast, by Service
- 6.6.4.1.2. Market size and forecast, by End User
- 6.6.4.2. South Africa
- 6.6.4.2.1. Market size and forecast, by Service
- 6.6.4.2.2. Market size and forecast, by End User
- 6.6.4.3. United Arab Emirates
- 6.6.4.3.1. Market size and forecast, by Service
- 6.6.4.3.2. Market size and forecast, by End User
- 6.6.4.4. Rest of Middle East And Africa
- 6.6.4.4.1. Market size and forecast, by Service
- 6.6.4.4.2. Market size and forecast, by End User
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Allied Universal Security Services LLC
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
- 8.2. ADT Inc.,
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
- 8.3. Securitas AB
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
- 8.4. Secom Co., Ltd.
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
- 8.5. Prosegur Compania de Seguridad, S.A
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
- 8.6. The Brink's Company
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
- 8.7. ISS A/S
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
- 8.8. GardaWorld Corporation
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
- 8.9. Loomis AB
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
- 8.10. SIS Group Enterprise.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments