Manned Security Services Market

Global Manned Security Services Market Size, Trends & Analysis - Forecasts to 2026 By Type (Service and Equipment), By Application (Commercial Buildings, Industrial Buildings, and Residential Buildings), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Aerospace & Defence
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This report was recently updated on May 9 2022 with the latest and most recent market numbers

Manned Security Services Market Size

The global manned security services market is projected to grow from USD 5.6 billion in 2021 to USD 7.4 billion by 2026 at a CAGR value of 5.7% between 2021 to 2026.

The market is mainly driven by the growing urban population in cities across developing and developed nations. As per the UN, the urban population across the world is expected to rise to 66% or to 6.4 billion by 2050 as compared to 54% or 3.9 billion which was in 2018. The ever-growing population in major cities owing to birth rates and migration will have a significant impact on the growing demand for manned security services during the forecast period. The rising crime rates in major cities have also contributed to the growing demand for manned security services. The rising number of residential complexes and commercial complexes in cities has increased the demand for round-the-clock surveillance and security personnel. As the per capita income increases, people in urban areas prefer to move into residential complexes with a well-managed security system in place.

Manned security service providers provide personnel and equipment to clients who can make use of their services for a contracted period. The presence of manned security personnel can also act as a visual deterrent to prevent crimes. There is a growing awareness among clients on the need for trained security personnel to prevent theft, unlawful entry, and other unwanted disturbances in their private spaces. This is especially true in the case of commercial establishments where security personnel are vital to ensure that there are no disturbances and to ensure the safety of their employees and assets at all times. Increasing crime rates, the threat of terrorist attacks, and other unnatural incidences have made people more aware of the need for security services. These services are also crucial during the time of crisis in case of natural disasters and accidents, the presence of security personnel can facilitate a smooth evacuation process and ensure no lives are lost unnecessarily. The advent of technological advancements like IoT, cloud services, and advanced data analytics have improved the ability of security companies to provide 24/7 security surveillance. The growing usage of such technology while allowing for increased surveillance will also hamper the need for manned security services. The cost-effective nature of such services is ideal for small and medium-sized enterprises, large enterprises tend to use their security personnel for a greater degree of control and higher standards due to the sensitive nature of the work. The growing labor cost for employing security personnel can also restrain the growth of the market given the rising number of technologically advanced and cheaper surveillance solutions available in the market.

global manned security services market

Manned Security Services Market: By Type

Based on the type of service provided, the market is segmented into service and equipment. The service segment held the largest share of the market during the forecast period. Services provide security personnel and equipment to clients for a predetermined period. Most residential complexes and commercial complexes find it more cost-effective to outsource their security service providers than to have their in-house security team. This allows them to not have to worry about hiring, provision of amenities, and other issues surrounding the hiring of an entire security team which could be expensive. Through the use of such manned security services, clients do not have to spend effort and money on training security staff, they do not have to constantly keep up to date on new practices and technology in the security sector as the service provider can ensure that state of the art security features is provided as per the client’s requirements. The growing technological advancements in the security sector are expected to result in the equipment sector growing at a faster growth rate than the services segment during the forecast period.

Manned Security Services Market: By Application

Based on the applications of manned security services, the market is segmented into commercial buildings, industrial buildings, and residential buildings. The commercial buildings segment is envisaged to hold the lion’s share of the market during the forecast period. The industrial buildings segment is envisaged to register the fastest growth rate among all segments. Industrial buildings have large areas that have to be kept under surveillance, they also require 24/7 security to ensure the safety of the assets within the building. Rapid industrialization in countries in the APAC region has been instrumental to the growth of the industrial buildings segment in the region.

asia pacific manned security services market

Manned Security Services Market: By Region

Based on region, the market is segmented into various regions such as North America, Europe, Central & South America, Middle East & North Africa, and Asia Pacific regions. The APAC region held the dominant share of the market during the forecast period. Growing urban population in the region, rapid industrialization, the growing number of commercial and residential complexes are the major drivers of the manned security services market in the APAC region. The APAC region is followed by the North American region in terms of market share.

Manned Security Services Market Share and Competitor Analysis

Transguard Group., Plus Security, G4S Plc., Gurkha Security Services, Allied Universal, Securitas AB, Security and Intelligence Services Ltd., The Brink`s Company, ICTS Europe S.A., Prosegur, Axis Group Integrated Services Ltd., Premier Shield, Terrier Security Solutions, Sarvodaya Security Service Pvt. Ltd., and WWSO Group, among others are the key players in the manned security services market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Manned Security Services Industry Overview, 2020-2026

2.1.1    Industry Overview

2.1.2    Type Overview

2.1.3    Application Overview

2.1.4    Regional Overview

Chapter 3   Manned Security Services Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2020-2026

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Growing number of urban population

3.3.2    Industry Challenges

3.3.2.1    Growing labor costs due to minimum wage requirements in developed nations

3.4    Prospective Growth Scenario

3.4.1    Type Growth Scenario

3.4.2    Application Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Technology Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Manned Security Services Market, By Type

4.1    Type Outlook

4.2    Services

4.2.1    Market Size, By Region, 2020-2026 (USD Billion)

4.3    Equipment

4.3.1    Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5   Manned Security Services Market, By Application

5.1    Application Outlook

5.2    Commercial Buildings

5.2.1    Market Size, By Region, 2020-2026 (USD Billion)

5.3    Residential Buildings

5.3.1    Market Size, By Region, 2020-2026 (USD Billion)

5.4    Industrial Buildings

5.4.1    Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6   Manned Security Services Market, By Region

6.1    Regional outlook

6.2    North America

6.2.1    Market Size, By Country 2020-2026 (USD Billion)

6.2.2    Market Size, By Type, 2020-2026 (USD Billion)

6.2.3    Market Size, By Application, 2020-2026 (USD Billion)

6.2.4    U.S.

6.2.4.1    Market Size, By Type, 2020-2026 (USD Billion)

6.2.4.2    Market Size, By Application, 2020-2026 (USD Billion)

6.2.5    Canada

6.2.5.1    Market Size, By Type, 2020-2026 (USD Billion)

6.2.5.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3    Europe

6.3.1    Market Size, By Country 2020-2026 (USD Billion)

6.3.2    Market Size, By Type, 2020-2026 (USD Billion)

6.3.3    Market Size, By Application, 2020-2026 (USD Billion)

6.3.4    Germany

6.3.4.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.4.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3.5    UK

6.3.5.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.5.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3.6    France

6.3.6.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.6.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3.7    Italy

6.3.7.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.7.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3.8    Spain

6.3.8.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.8.2    Market Size, By Application, 2020-2026 (USD Billion)

6.3.9    Russia

6.3.9.1    Market Size, By Type, 2020-2026 (USD Billion)

6.3.9.2    Market Size, By Application, 2020-2026 (USD Billion)

6.4    Asia Pacific

6.4.1    Market Size, By Country 2020-2026 (USD Billion)

6.4.2    Market Size, By Type, 2020-2026 (USD Billion)

6.4.3    Market Size, By Application, 2020-2026 (USD Billion)

6.4.4    China

6.4.4.1    Market Size, By Type, 2020-2026 (USD Billion)

6.4.4.2    Market Size, By Application, 2020-2026 (USD Billion)

6.4.5    India

6.4.5.1    Market Size, By Type, 2020-2026 (USD Billion)

6.4.5.2    Market Size, By Application, 2020-2026 (USD Billion)

6.4.6    Japan

6.4.6.1    Market Size, By Type, 2020-2026 (USD Billion)

6.4.6.2    Market Size, By Application, 2020-2026 (USD Billion)

6.4.7    Australia

6.4.7.1    Market Size, By Type, 2020-2026 (USD Billion)

6.4.7.2    Market size, By Application, 2020-2026 (USD Billion)

6.4.8    South Korea

6.4.8.1    Market Size, By Type, 2020-2026 (USD Billion)

6.4.8.2    Market Size, By Application, 2020-2026 (USD Billion)

6.5    Latin America

6.5.1    Market Size, By Country 2020-2026 (USD Billion)

6.5.2    Market Size, By Type, 2020-2026 (USD Billion)

6.5.3    Market Size, By Application, 2020-2026 (USD Billion)

6.5.4    Brazil

6.5.4.1    Market Size, By Type, 2020-2026 (USD Billion)

6.5.4.2    Market Size, By Application, 2020-2026 (USD Billion)

6.5.5    Mexico

6.5.5.1    Market Size, By Type, 2020-2026 (USD Billion)

6.5.5.2    Market Size, By Application, 2020-2026 (USD Billion)

6.5.6    Argentina

6.5.6.1    Market Size, By Type, 2020-2026 (USD Billion)

6.5.6.2    Market Size, By Application, 2020-2026 (USD Billion)

6.6    MEA

6.6.1    Market Size, By Country 2020-2026 (USD Billion)

6.6.2    Market Size, By Type, 2020-2026 (USD Billion)

6.6.3    Market Size, By Application, 2020-2026 (USD Billion)

6.6.4    Saudi Arabia

6.6.4.1    Market Size, By Type, 2020-2026 (USD Billion)

6.6.4.2    Market Size, By Application, 2020-2026 (USD Billion)

6.6.5    UAE

6.6.5.1    Market Size, By Type, 2020-2026 (USD Billion)

6.6.5.2    Market Size, By Application, 2020-2026 (USD Billion)

6.6.6    South Africa

6.6.6.1    Market Size, By Type, 2020-2026 (USD Billion)

6.6.6.2    Market Size, By Application, 2020-2026 (USD Billion)

Chapter 7   Company Landscape

7.1    Competitive Analysis, 2020

7.2    Transguard Group

7.2.1    Company Overview

7.2.2    Financial Analysis

7.2.3    Strategic Positioning

7.2.4    Info Graphic Analysis

7.3    Plus Security

7.3.1    Company Overview

7.3.2    Financial Analysis

7.3.3    Strategic Positioning

7.3.4    Info Graphic Analysis

7.4    G4S Plc.

7.4.1    Company Overview

7.4.2    Financial Analysis

7.4.3    Strategic Positioning

7.4.4    Info Graphic Analysis

7.5    Gurkha Security Services

7.5.1    Company Overview

7.5.2    Financial Analysis

7.5.3    Strategic Positioning

7.5.4    Info Graphic Analysis

7.6    Allied Universal

7.6.1    Company Overview

7.6.2    Financial Analysis

7.6.3    Strategic Positioning

7.6.4    Info Graphic Analysis

7.7    Securitas AB

7.7.1    Company Overview

7.7.2    Financial Analysis

7.7.3    Strategic Positioning

7.7.4    Info Graphic Analysis

7.8    Security and Intelligence Services Ltd.

7.8.1    Company Overview

7.8.2    Financial Analysis

7.8.3    Strategic Positioning

7.8.4    Info Graphic Analysis

7.9    The Brink’s Company

7.9.1    Company Overview

7.9.2    Financial Analysis

7.9.3    Strategic Positioning

7.9.4    Info Graphic Analysis

7.10    Other Companies

7.10.1    Company Overview

7.10.2    Financial Analysis

7.10.3    Strategic Positioning

7.10.4    Info Graphic Analysis

The Global Manned Security Services Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Manned Security Services Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global manned security services market size is projected to grow from USD 5.6 billion in 2021 to USD 7.4 billion by 2026 at a CAGR value of 5.7%.
Key and innovative vendors in the manned security services market include Transguard Group, Plus Security, G4S Plc., Gurkha Security Services, Allied Universal, Securitas AB, Security and Intelligence Services Ltd., The Brinks Company, ICTS Europe S.A., and Prosegur, among others.
The APAC region is estimated to hold the largest share of the manned security services market.
The COVID-19 pandemic has had a severe impact on the market. The lockdowns in the initial periods of the pandemic had reduced the demand for manned security services but the growing demand for security personnel to monitor and regulate people entering private properties and hospitals as a measure to prevent the spread of Covid has increased the demand for manned security services.
The major driving factors of the manned security services market are the growing urban population rates, rapid industrialization in APAC regions, rising crime rates, and the growing demand from residential and commercial complexes.

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