Manned Security Services Market 2018, is latest research report by MarketResearchFuture, the global Manned Security Services market is expected to Register High Growth Rate during 2018 To 2025. Report analyzes Manned Security Services Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2025. Manned Security Services Market Information is segmented by Type (Equipment, Service), End-user (Industrial Buildings, Commercial Buildings, Residential Buildings), and Region – Global Forecast Till 2025
The key players in the global manned security services market include Allied Universal (USA), Andrews International Inc. (USA), Axis Group Integrated Services Ltd. (UK), China Security & Protection Group Ltd. (China), G4S PLC (UK), ICTS Europe S.A. (France), OCS Group Limited (UK), Securitas AB (Sweden), SIS International S.R.L. (Italy), Tops Security Limited (India), Transguard Group (UAE), and US Security Associates Inc. (USA).
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Emergence of Automated Systems Expected to Guide the Manned Security Services Market to USD 7,190.2 mn by 2025
Manned security services are a concept defined as personnel and equipment useful for maintaining the defenses and security arrangements of commercial, industrial, and residential complexes. Market Research Future (MRFR) has published and released a research report about the global manned security services market that infers an expansion for this market at a 6.44% CAGR (Compound Annual Growth Rate) between 2018 and 2025. In terms of value, the market is expected to be worth US $ 7,190.2 mn by the end of the forecast period.
The key factors driving the growth of the global manned security services market include the rise in the population living in gated communities and the emergence of automated systems. Other important factors aiding the market’s growth include the increasing development of training centers for security personnel and low-budget armed security services in China and India. Lastly, airports, embassies, and other complexes around the world are helping the market growth due to the growing demand for integrated guarding solutions such as burglar alarms, electronic surveillance, IP surveillance, and others due to their demand for heightened security solutions.
The global manned security services market has been segmented on the basis of end user, type, and lastly, region. Based on the end user, this market has been segmented into commercial buildings, industrial buildings, and residential buildings. By type, the market is divided into equipment and service.
The regional segmentation of the global manned security services market has segmented the global market into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa (MEA). The Asia Pacific region holds a 34.55% share in the global market, and by 2025, it is expected to be worth USD 2,512.1 mn, growing at a 6.61% CAGR. Factors contributing to the market growth include the burgeoning population, high number of police per capita, huge employment opportunities in the sector, and skilled labor force. In countries like China and India, the market is growing due to an inclination towards paperless technologies and the presence of prominent companies in these countries. Another important country-specific market in this region is Japan, followed by the remaining countries of the Asia Pacific region.
North America is the second largest market, and holds a 30.05% share in the global market. By 2025, it is likely to be worth USD 2,172.1 mn. due to technological advancement, the presence of many key market players, and established automotive industry[TT1] . The critical country-specific markets in this region are the USA and Canada. In this region, the market is expected to grow due to technological advancement, the spate of terrorist incidents, and a huge offering of exclusive services that provide security to industries and corporations.
Europe is the third largest regional market, with a 24.13% share in the global market. In this region, the market is growing due to rising crimes, the high density of population, and many reasons same as North America. In this region, the significant country-specific markets are France, Germany, Italy, and the UK, followed by the remaining countries of Europe.
Due to limited technological advancement, Latin America is not as big a market as North America, but it is still a significant market. In this region, the most important country-specific market is Mexico, followed by the remaining countries of Latin America. The strongest economies that can be suitable markets in the future are Argentina and Brazil.
The MEA region shows a limited market with slow and steady growth due to the lack of technological development, lack of infrastructure, lack of education, lack of awareness, and political instability. In this region, the biggest country-specific markets are Saudi Arabia and South Africa.
Latest Industry News
The cost of security at the fire-damaged Primark building in Belfast has been estimated to be around £300,000 by the end of 2018. Relevant arrangements are being made. 5 DEC 2018
Corps Security of UK has appointed SmartTask as its preferred technology partner, with regards to its business improvement initiative designed to enhance contract delivery and increase operational compliance. 15 NOV 2018
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