Manned Guarding Services Market Size

Manned Guarding Services Market Growth Projections and Opportunities

Understanding Manned Guarding Services

Manned guarding services involve trained security personnel who ensure safety in various places. This market also includes equipment used for providing security. There's a big demand for these security guards in different kinds of buildings—industrial, commercial, and residential ones. In developed countries like the U.S. and the U.K., the market is well-organized and follows strict rules. However, in many places, it's made up of lots of different companies working at different levels—some big ones operating globally, and others working in specific regions.

Factors Shaping the Market

The global manned guarding services market is affected by many things. One is the increase in city living and the creation of new things like buildings and businesses in those areas. Another factor is that more people are choosing to live in secure apartments and gated communities because crime rates are going up. In some countries like China and India, there aren't enough police for each person, so there's a need for more security guards. Also, technology is changing—more security systems are becoming automated. And finally, the market is moving towards being more organized overall.

Market Trends and Growth

The global manned guarding services market is predicted to grow at a rate of 6.44% over a certain time. In 2017, the U.S. led this market, making up 27.42% of it, followed by Europe with 24.19% and China with 15.41%. The market is divided based on the type of services and the users of these services. When it comes to the type of services, equipment used in security made up the biggest part of the market in 2017—around 67.80%. It was worth about USD 2,972.7 million and is expected to grow more. In terms of who uses these services, industrial buildings were the main users, making up 55.91% of the market in 2017. That part of the market was worth about USD 2,451.5 million, and it's also expected to keep growing.

In essence, manned guarding services involve trained security personnel who protect various places. The market for these services is influenced by factors like urban development, rising crime rates, technological changes, and the move towards a more organized structure. It's a growing market, with different parts depending on the type of services and who uses them.