Locks and Security News: your weekly locks and security industry newsletter
27th September 2023 Issue no. 673
Your industry news - first
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Global Security Services Market: Size, Trends and Forecasts (2019-2023)
Global Security Services Market: Size, Trends and Forecasts (2019-2023), provides an in-depth analysis of the global security services market by value, by type, by region, etc.
The report also provides a regional analysis of the security services market, including the following regions: Asia (India & Rest of Asia), Europe, North America, Latin America and the Middle East and Africa.
The need for security services has increased significantly in each and every sector, including household, business, organization and government sector. Security services can be segregated into various categories, namely Static Guarding, Executive Protection, Mobile Patrol, Event Security, Aviation Security and Investigation.
The main purpose of providing security services is to deter illegal and inappropriate actions; to take action for minimizing damage; to report any incident to the clients or to enforce preventative measures. The security services market can be segmented on the basis of type (Guard Services, Electronic Security Services, Cash-in-transit and Related Services and Other Security Services) and application (Commercial and Industrial, Government and Institutional, and Residential).
The global security services market has increased at a significant CAGR during the years 2014-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. The security services market is expected to increase due to the growing number of ATMs, rapid urbanization, increase in crime rate and threats, the rising level of economic activity, growth in the building construction, surging industrial activities, etc. Yet the market faces some challenges such as lack of quality manpower, problems in acquiring arms licensing, lack of efficient management, etc.
Moreover, the report covers key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global security services market has also been forecasted for the period 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global security services market is highly fragmented with many market players operating worldwide. Some security services market players operating on a local level while other players operating on a regional and global level. Further, key players of the security services market are Securitas AB, G4S plc, Wendel S.A. (Allied Universal), Secom Co., Ltd. are also profiled with their financial information and respective business strategies.
For more information about this report visit https://www.researchandmarkets.com/r/okvk20
20th November 2019