Manned security services refer to personnel & equipment used in maintaining the defenses of industrial, commercial, and residential complexes. It includes patrolling on building premises to avoid unauthorized entry & occupation, monitoring of assets against damage & theft, and guarding people against any undesirable consequence due to unlawful conduct of others. Some examples are included retail security staff, security guards, security receptionist, private security, access control or gate house duties and site security services etc.
According to study, “Global Manned Security Services Market Information: by Type (Equipment, Service), End-user (Industrial Buildings, Commercial Buildings, Residential Buildings), and Region – Global Forecast Till 2025” the key companies operating in the global manned security services market are U.S. Security Associates, Inc., Tops Security Limited, OCS Group Limited, Andrews International Inc., ICTS Europe S.A., Securitas AB, G4S plc., Transguard Group, China Security & Protection Group Ltd., Allied Universal, SIS International S.R.L., Axis Group Integrated Services Ltd.
Based on type, manned security services market is segmented into service type and equipment type. Services comprise regular patrols of teams, training of manned personnel, and implementation of technology to alleviate pressure on said teams. In addition, based on end-user, market is segmented into commercial buildings, industrial buildings and residential buildings. Commercial buildings are further sub-segmented into banks & other office buildings, hospitals & educational institutions, shopping centers & other public infrastructure, airports, and other commercial buildings. Industrial buildings are further sub-segmented into energy, construction, and mining, chemicals & pharmaceuticals, telecommunications, entertainment, and mass media, utilities & transportation and other industrial buildings. Additionally, residential buildings are further sub-segmented into individual houses, apartments & gated communities, and other residential buildings.
The manned security services market is driven by rise in crime rates, followed by high demand for security solutions, emergence of automated systems, rise in demand for effective technology-based products, rapid urbanization & industrialization, growth in technological advancements in weapons, improvement in economic conditions and rise in populations living in gated communities. However, rise of automated security systems may impact the market. Moreover, low armed services per capita and rise in development of training centers for security personnel are key opportunities for market.
The highly competitive manned security services market is completely dependent on the sales of automobiles. The market appears fragmented due to presence of numerous large & small-scale players accounting for a considerable market share. Well-established market players rely on collaborations, acquisitions, partnerships, and new technology launches in order to gain competitive benefit and maintain their positions in this market. On the sales side, vendors are investing in brand building & fostering strong relationships with customers to support the competitive position.
Based on geography, the Asian-Pacific region holds major share in manned security services market owing to skilled labor force, high police per capita, huge employment opportunities in the sector, and growth in population in the region. The European and North-America regions are expected to witness higher growth rate due to rise in prevalence of terrorism and integration of electronic security into manned security services over the forecast period. It is anticipated that future of the market will be bright as a result of consequent asset creation and rise in demand for tough security measures at borders near nations during the forecast period.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications