Manned Guarding Services Market Scope
Manned Guarding is simply known as security guards that are commonly hired by public and private businesses and residential buildings to eliminate criminal damage and theft. Increasing the development of public places, airports, commercial complexes, shipping ports, etc. in developing economies like India and China will create noteworthy opportunities for the market. Armed manned guarding is becoming more popular for protecting VIPs and VVIP personalities and transportation of valuable things. In today’s time, end-users are hiring security guards from contractual security companies to eliminate the cost of training and heavy insurance policy.
|Unit||Value (USD Million)|
|Key Companies Profiled||Carter Security (United Kingdom), Security Kings (United Kingdom), Clearway (United Kingdom), Venture Security (United Kingdom), Allied Universal (United States), Andrews International (United States), ADT Inc. (United States), ArmorGroup International (United States), Securitas AB (Sweden), Covenant Services Worldwide, LLC (United States), Axis International (United Kingdom), FGH Security Ltd. (United Kingdom), The Brink’s Company (United States), Orion Secure (India) and Prosegur (Spain)|
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States and United Kingdom Players will contribute to the maximum growth of Global Manned Guarding Services market throughout the predicted period.
Carter Security (United Kingdom), Security Kings (United Kingdom), Clearway (United Kingdom), Venture Security (United Kingdom), Allied Universal (United States), Andrews International (United States), ADT Inc. (United States), ArmorGroup International (United States), Securitas AB (Sweden), Covenant Services Worldwide, LLC (United States), Axis International (United Kingdom), FGH Security Ltd. (United Kingdom), The Brink’s Company (United States), Orion Secure (India) and Prosegur (Spain) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Manned Guarding Services market by Type (Perimeter Space Protection and Interior Space Protection), by Application (Residential, Commercial & Institutional, Industrial, Public Infrastructures and Government) and Region with country level break-up.
On the basis of geography, the market of Manned Guarding Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesOn 6th April 2021, the US-based leading security service provider Allied Universal acquired the UK-based largest security company G4S. It will allow Allied to serve its international customers without sacrificing profit. Further, the acquisition of a larger provider will enable Allied to offer security services at a lesser rate per hour.
In December 2021, Securitas, the world’s largest security service provider announced the acquisition of Stanley Black & Decker’s electronic security business. Stanley Security is a US-based tech-enabled security service provider with a wide range of portfolio from alarm monitoring to systems integration. With this move, Securitas is looking to increase its market share in the electronic security services sector and reduce reliance on staff-intensive guarding.
- Increased Adoption of Security Guards Equipped With Advanced Technological Solutions to Improve Security and Threat Detection
- Growing Importance to Improve Security at Public Places Due to Increasing Terrorist Attacks and Crimes
- Demand for Proprietary/In-House Security Guards in Research Institutions and Labs to Prevent Unauthorized Access
- Potential Growth of Armored Manned Guards for Transportation of Valuable Things and Movement of VIP Personalities Securely
- Increasing Commercial Infrastructural Developments Across the Globe Will Boost the Market
- Lack of Loyalty, Poor Performance, Immediate Control Associated with Outsourced Manned Guards
- High Turnover of Employees Due to Lower Salaries Can Create Challenges for the Manned Guarding Market
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manned Guarding Service Providers, Security Service Providers, Venture Capitalists and Private Equity Firms, End-users and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Manned Guarding Services Market?
The Manned Guarding Services study can be customized to meet your requirements. The market size breakdown by type [Perimeter Space Protection and Interior Space Protection], by end use application [Residential, Commercial & Institutional, Industrial, Public Infrastructures and Government].
2. How big is the Manned Guarding Services Market?
The Manned Guarding Services Market is gaining popularity and expected to see strong valuation by 2027.