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:-
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