Manned Guarding Services Market Research Report – Forecast to 2023

Manned Guarding Services Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Manned Guarding Services Market Research Report - Forecast to 2023
Global Manned Guarding Services Market Research Report Information: Type (Services), End-user
(Industrial, Commercial, Residential), By Region – Forecast Till 2023
The global manned guarding service market is touted to expand at a moderate CAGR of 6.44% during the forecast period
(2018-2023), as per the detailed report by Market Research Future (MRFR). The sector has proven itself highly organized
and well-regulated in developed countries such as the U.S. and the U.K., and could further benefit from the rapid
urbanization taking place across the world.
Among the major factors deemed to set the global manned guarding service market in motion, rapid urbanization features
at the top. It has both direct and indirect implications. According to the World Migration Report, published in 2015, each
week almost 3 million people across the world shift their base to cities for economic activities and job opportunities giving a
rise in the urban population. This population, as per the United Nations’ reports is likely to reach 1.5 billion by 2030. As a
consequence, new assets are getting created fuelling the need for manned guarding services.
As one of the indirect effects, crime rates have also spurred. A report by Small Arms Survey suggests that the global
homicidal rate has increased in 2016 from 5.11 to 5.15 per 100,000 population. This has changed the consumer behavioral
pattern significantly as people are now opting more for gated communities and apartments in urban areas despite incurring
a high cost for the same. These residential preferences demand optimal security. This is expected to boost the manned
guarding service market. This sector also creates employment. According to the Central Association of Private Security
Industry based in India, manned guarding services are the largest job generating sector and employs approximately 8
million people.
However, much reliance on automated security systems is proving to be a market deterrent. Increasing preference for
remote monitoring via closed-circuit television (CCTV) and other electronic appliances can slacken the market growth of
manned security service. In addition, the benefits of round-the-clock monitoring and automated security system installed at
a cheaper rate can impede the market growth during the forecast period.
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Manned
Guarding
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Research Report
- Forecast to
2023
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Manned Guarding Services Market Research Report - Forecast to 2023
Segmentation
The global manned guarding service market can be segmented by type, end user, and region.
By type, the market can be further sub-segmented into equipment and service. Equipment-based market depends on the
equipment carried by the security personnel such as two-way radio, flashlight, utility vest & belt, and other defense
equipment. This segment includes other equipment which are less reliant on security guards such as cameras, hand-held
metal detectors, door entry equipment, and innovative access control products. Dependence on such devices could hamper
the market growth. The segment is touted to grow at a CAGR of 6.98% during the forecast period. In the service segment, a
growing need for technology can be witnessed. This segment is estimated to grow at a pace of 5.31% CAGR during the
forecast period.
End-users include industrial buildings, commercial buildings, and residential buildings. Industrial buildings comprise
automotive, fast-moving consumer goods (FMCG), pharmaceutical, telecommunication & media, mining, energy, oil & gas,
construction, and logistics. Among these, telecommunication & media is expected to grow at the fastest CAGR of 6.81%
during the forecast period and contribute the most. The industrial segment is likely to exhibit a CAGR of 6.53% during the
forecast period. Commercial buildings include banks, financial services and insurance sector, IT & IT-enabled service sectors,
shopping centers, airports, educational institutions, and others. In general, these buildings attract massive crowds. Hence,
the growth in the need for manned security service. The commercial segment can showcase a CAGR of 6.66% during the
forecast period. The residential building segment is likely to witness a CAGR of 5.51% during the assessment period.
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Manned Guarding Services Market Research Report - Forecast to 2023
Regional Analysis
Geographically, the global manned guarding service can be segmented into North America, Europe, Asia Pacific (APAC), the
Middle East & Africa (MEA), and Latin America.
North America has a huge market owing to the presence of major players in the region such as Allied Universal, Securitas,
Andrews International Inc., G4S plc, ICTS Europe S.A., OCS Group Limited, and U.S. Security Associates. Recently after the
consolidation of the security industry in North America, more opportunities in this sector has been created.
Europe and APAC collectively generate almost 50% of the overall market revenue. Europe uses a combination of manned
security service and electronic devices to further its growth.
The APAC market is supposed to experience a high growth rate owing to reputed companies investing in the region for
expansion purposes. The area has a huge population base, compared to which the police per capita is less than the global
average in many pockets. Lack of skilled employees and technologically upgraded security equipment can trigger the market
growth.
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Manned Guarding Services Market Research Report - Forecast to 2023
Key Players
China Security & Protection Group Co. Ltd., Transguard Group, SIS International S.R.L, OCS Group Ltd., G4S plc, Axis Group
Integrated Services Ltd., ICTS Europe S.A., Andrews International Inc., Securitas AB, Allied Universal, U.S. Security Associates
Inc., and Tops Security Limited are prominent players in the manned guarding services market.
The report offers comprehensive profiles on these market players and assesses their current standing in the manned
guarding services market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth
strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.
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Global Manned Guarding Services Market Research Report Information: Type (Services), End-user (Industrial, Commercial, Residential), By Region – Forecast Till 2023

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