Global Private Security Services Market 2024-2028

Global Private Security Services Market 2024-2028

The private security services market is forecasted to grow by USD 181.2 bn during 2023-2028, accelerating at a CAGR of 9.52% during the forecast period. The report on the private security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization and population growth, increasing concerns about terrorism, and increasing demand for event security.

Technavio's private security services market is segmented as below:

• By End-user
• Industrial
• Residential
• Financial institutions
• Others
• By Service
• Manned guarding
• Electronic security services
• Cash services
• By Geography
• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the increasing popularity of virtual security systems as one of the prime reasons driving the private security services market growth during the next few years. Also, the increasing popularity of integrated security solutions and the rising adoption of AI and automation will lead to sizable demand in the market.

The report on the private security services market covers the following areas:

• Private security services market sizing
• Private security services market forecast
• Private security services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading private security services market vendors that include ADT Inc., Allied Universal, AMZ Sicherheitsdienste GmbH, Hanwei International Security Services Co.Ltd., ICTS Europe S.A, Indian Facility Solutions Pvt Ltd., ISS AS, Kingdom Protection Services Pvt. Ltd, Loomis AB, Mitie Group Plc, OCS Group International Ltd., Peregrine Guarding Pvt Ltd., Prosegur Compania de Seguridad SA, SECOM Plc, Securitas AB, SIS Ltd., The Brinks Co., Corps of Commissionaires Management Ltd., Top IPS Group, and Provisor Security Services. Also, the private security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.