What is Private Security Services Market Scope?
Private security agencies provide security for businesses and are privately owned and operated, unlike public security such as the military or the police. Rapid urbanization has led to severe threats such as crime, terrorism, kidnapping, etc. These security agencies provide various security services such as manned guarding, security systems, and cash solutions, among others. There are several players are engaged in offering private security services, thereby, the market is highly fragmented.
The Private Security Services market study is being classified by Type (Manned Guarding, Security Systems, Cash Solutions and Others), by Application (Industrial, Government, Energy Utility, Financial, Institutions, Commercial, Ports/Airports, Retail and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Private Security Services market throughout the predicted period.
G4S (United Kingdom), Securitas (Sweden), Secom (Japan), Prosegur (Spain), Brinks (United States), Allied Universal (United States), Loomis (Sweden), Garda (Canada), Pinkerton (United States), U.S. Academi (United States), Hook Private Security (United States), International Protective Service, In (United States) and Paradigm Security (South Africa) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are US Security Associates (United States), SIS (India), Beijing Baoan (China), Shandong Huawei Security Group Co., Ltd (China), Transguard (United Arab Emirates) and China Security & Protection Group (China).
Analyst at AMA have segmented the market study of Global Private Security Services market by Type, Application and Region.
On the basis of geography, the market of Private Security Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 24 June 2019, Allied Universal, a leading security and facility services company in North America, recently announced the acquisition of Cypress Private Security, LP -- a San Francisco-based company offering comprehensive security services. Terms of the deal were not disclosed.
Influencing Market Trend
- Increased Demand for Manned-Security Services
- Increased Security Consciousness Because Of Increasing Terror Threat Faced By Countries
- Rapid Urbanization Fuelling the Demand
- Low Police-To-Citizen Ratio Resulting In the Inability of the System to Cater To the Needs of the Population
- Untapped Markets Expected to Open Lucrative Opportunities for the Market
Key Target AudiencePrivate Security Services Companies, Potential Investors, Regulatory & Government Bodies, End Users and Others
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