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Global Surge in Demand: Manned Security Services in Developing Countries
The landscape of manned security services is undergoing a transformative phase, driven by the remarkable growth in retail, real estate, and infrastructure sectors, particularly in developing powerhouses such as India and China. This surge in demand reflects the critical role that security personnel play in safeguarding the dynamic and expanding landscape of these economies.
Dynamic Growth in Developing Economies:
In developing countries like India and China, the demand for manned security services has experienced phenomenal growth, mirroring the rapid expansion of various sectors. This growth is particularly notable in response to the burgeoning retail, real estate, and infrastructure developments that characterize these nations. As urbanization accelerates and the landscape of cities evolves, the need for robust security measures becomes increasingly pronounced.
Taking India as an illustrative example, the Central Association of Private Security Industry highlights that the private security services sector has emerged as one of the largest generators of employment in the country. A staggering 8 million people are employed in this sector, underlining its significance in the Indian employment landscape. The surge in demand for security personnel is inherently tied to the substantial growth in various industries, leading to an increased emphasis on safety and protection.
Private Security Industry in India:
India's private security services sector has become a cornerstone of job creation and economic development. The sector's contribution to employment underscores its pivotal role in addressing the security needs of diverse establishments, ranging from commercial enterprises to residential complexes. The establishment of numerous training institutions reflects the proactive approach adopted to meet the growing demand for well-trained security personnel.
Police Per Capita Challenges in China and India:
Despite the vast populations and rapid economic growth in China and India, the per capita ratio of police personnel falls below the global average. This discrepancy highlights the challenges faced by these nations in maintaining law and order through traditional law enforcement alone. As a result, commercial and residential sectors are increasingly turning to private security agencies to bridge the gap and enhance safety measures.
In both China and India, the private security industry has emerged as a reliable and efficient means of ensuring security in a variety of settings. The flexibility, responsiveness, and specialized expertise offered by private security agencies align with the evolving needs of businesses and communities. These agencies provide a tailored approach to security, addressing specific requirements and contributing to the overall safety ecosystem.
Training Institutions: Meeting the Growing Demand:
The surge in demand for security personnel has spurred the establishment of numerous training institutions. These institutions play a crucial role in preparing individuals for careers in the private security sector. The emphasis on training reflects the commitment to maintaining high standards in the provision of manned security services. Well-trained personnel not only contribute to the safety of establishments but also elevate the overall professionalism within the industry.
Promising Growth Opportunities:
The confluence of factors – rapid economic growth, urbanization, and a growing awareness of security needs – presents promising growth opportunities for the manned security services market in developing countries. The demand is not only quantitative, driven by the need for a larger workforce, but also qualitative, as businesses and communities seek high-caliber security solutions.
In conclusion, the evolving landscape of manned security services in developing countries underscores the pivotal role played by this industry in fostering safety and security. As these nations continue their trajectory of growth and transformation, the manned security services market is poised to expand, innovate, and contribute significantly to the overarching goal of ensuring the well-being of people and assets.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Increased demand for international travel due to greater globalization is an opportunity for market growth. |
| Market Dynamics | Rise in global security concerns driving the market growth. |
Manned Security Services Market Highlights:
Global Manned Security Services Market Overview
Manned Security Services Market Size was valued at USD 17.6 billion in 2022. The Manned Security Services market industry is projected to grow from USD20.0464 Billion in 2023 to USD 43.7702 billion by 2030,exhibiting a compound annual growth rate (CAGR) of 13.90% during the forecast period (2023 - 2030). Increased natural disasters and a rise in terrorist attacks across various countries are the key market drivers enhancing market growth.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Manned Security Services market Trends
- Rise in global security concerns driving the Market Growth
One of the primary factors driving the Market CAGR of the manned guarding market is the rise in global security concerns. The market is growing due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security. Moreover, the rising security concerns across the globe are further expected to propel market growth. The market is further growth due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security.
Additionally, demand for Manned Guard security services will be predominantly driven by group housing, flats, and commercial infrastructure in both the private and public sectors. These industries have exploded in popularity in the Middle East during the last few years. During the projection period, the use of technology in manned security solutions is expected to increase. As more competent and educated guards are needed who can learn quickly and adapt to new technology, wages may climb. Thus, driving the Manned Security Services market revenue.
Manned Security Services Market Segment Insights
Manned Security Services Type Insights
Based on Type, the Manned Security Services Market segmentation includes equipment and service. The equipment segment is predicted dominate the manned security services market. This is due to the growing awareness among clients of the need for trained security personnel to prevent theft, unlawful entry, and other unwanted disturbances in their private spaces.The service segment holds a 5.31% CAGR in the research period. The growing urbanization resulting in increased crime rates enhancing the private security demand further influence the market.
December 2019 The Vodafone IDEA business center and I.B.M. partnered to produce a secure device management solution for security reasons.
Figure1 Manned Security Services Market, by Type, 2022& 2030(USD billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Manned Security Services End-userInsights
The Manned Security Services Market segmentation, based on end-user, includes industrial, commercial, and residential buildings. The commercial building segment is registered to hold a higher 6.66% CAGR for the forecast period. Due to increased system availability, an increase in the number of connected devices, a rise in the adoption of the internet of things, and increasing training centers for security personnel affect the commercial segment.
Manned Security Services Regional Insights
By Region, the study provides market insights into Asia-Pacific, North America, Europe, and the Rest of the World. The Asia-Pacific manned security services market will dominate this market due to the increasing development of training centers for poorly armed service and security personnel per capita. In addition, the factors like increasing employment opportunities, skilled force, and the fast rise in the population boost the market growth in this Region.
Further, the major countries studiedin the market reportare The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2 MANNED SECURITY SERVICES MARKET SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe manned security Services market accounts for the second-largest market share due to the increased natural disasters. Further, the German manned security services market held the largest market share, and the UK manned security services market was the fastest-growing market in the European Region.
The North American manned security services market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to the rising number of residential and commercial complexes in cities, increasing the demand for round-the-clock surveillance and security personnel. Further, the US manned security services market held the largest market share, and the Canada manned security services market was the fastest-growing market in the Region.
Manned Security Services Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the manned security services market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The manned security industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global manned security services industry to benefit clients and increase the market sector. In recent years, the manned security services industry has offered some of the most significant advantages to medicine. Major players in the Manned Security Services market, including O.C.S. Group Limited (U.K.),S.I.S. International S.R.L. (Italy),ICTS Europe S.A. (France),U.S. Security Associates Inc. (U.S.),Tops Security Limited (India), and others, are attempting to increase market demand by investing in research and development operations.
Transguard Group,Offering flexible solutions for all of the UAE's staffing needs since 2001, Transguard Group is the Region's expert in cash services, security, facilities management, and white-collar staffing – and much more in between. With an annual turnover of AED 2.2 billion in the 2021-2022 financial year, Transguard's expertise is in supplying the right people for its clients, precisely when and where they're needed. Learn more about how Transguard is helping the UAE's businesses grow. Transguard Group, the UAE's leading business solutions provider, announced it has further reinforced its partnership with a UAE-based airline to include check-in agents.
Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India's leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G, and 4G platforms. With the large spectrum portfolio to support the growing demand for data and voice, the Company is committed to delivering delightful customer experiences and contributing towards creating a truly 'Digital India' by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as an extensive on-ground presence. The Vodafone IDEA business center and I.B.M. partnered to produce a secure device management solution for security reasons.
Key Companies in the manned security services market include
- C.S. Group Limited (U.K.)
- I.S. International S.R.L. (Italy)
- ICTS Europe S.A. (France)
- S. Security Associates Inc. (U.S.)
- Tops Security Limited (India)
- China Security & Protection Group Ltd. (China)
- G4S plc (U.K.)
- Transguard Group (U.A.E.)
- Axis Group Integrated Services Ltd. (U.K.)
- Andrews International Inc. (U.S.)
- Securitas AB (Sweden)
- Allied Universal (U.S.)
Manned Security Services Industry Developments
For instance, June 2022 Transguard Group, the UAE’s leading business solutions provider, announced it has further reinforced its partnership with a UAE-based airline to include check-in agents.
For instance, May 2022 The UAE’s business solutions provider Transguard Group has joined hands with the internationally renowned, award-winning culinary school International Centre for Culinary Arts (ICCA Dubai) to launch Smart Solutions. The specially curated boot camp-style training programs designed by ICCA Dubai offer industry-relevant knowledge and skill sets to mold learners into Smart Kitchen Aides and Smart Kitchen Stewards, thus enabling the Smart Trained Workforce to effectively deliver in the hospitality industry, as well as build their careers.
For instance,March 2020 AT&T collaborated with Broadcom and Palo Alto Networks to develop Disaggregated Scalable Firewall (DSFW).
Manned Security Services Market Segmentation
Manned Security ServicesType Outlook
- Equipment
- Service
Manned Security Services By End-user Outlook
- Industrial Buildings
- Commercial Buildings
- Residential Building
Manned Security Services Regional Outlook
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
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