Global Private Security Services Market 2024-2028

The private security services market is forecasted to grow by USD 181.2 bn during 2023-2028, accelerating at a CAGR of 9.52% during the forecast period. The report on the private security services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization and population growth, increasing concerns about terrorism, and increasing demand for event security.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.86%
CAGR	9.52%
Incremental Value	$181.2bn

Technavio's private security services market is segmented as below:

By End-user

Industrial
Residential
Financial institutions
Others

By Service

Manned guarding
Electronic security services
Cash services

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the increasing popularity of virtual security systems as one of the prime reasons driving the private security services market growth during the next few years. Also, the increasing popularity of integrated security solutions and the rising adoption of AI and automation will lead to sizable demand in the market.

The report on the private security services market covers the following areas:

Private security services market sizing
Private security services market forecast
Private security services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading private security services market vendors that include ADT Inc., Allied Universal, AMZ Sicherheitsdienste GmbH, Hanwei International Security Services Co.Ltd., ICTS Europe S.A, Indian Facility Solutions Pvt Ltd., ISS AS, Kingdom Protection Services Pvt. Ltd, Loomis AB, Mitie Group Plc, OCS Group International Ltd., Peregrine Guarding Pvt Ltd., Prosegur Compania de Seguridad SA, SECOM Plc, Securitas AB, SIS Ltd., The Brinks Co., Corps of Commissionaires Management Ltd., Top IPS Group, and Provisor Security Services. Also, the private security services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR71582

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Service
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global private security services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global private security services market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Service Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Service Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Industrial - Market size and forecast 2023-2028
Exhibit 34: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.4 Residential - Market size and forecast 2023-2028
Exhibit 38: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Residential - Year-over-year growth 2023-2028 (%)
6.5 Financial institutions - Market size and forecast 2023-2028
Exhibit 42: Chart on Financial institutions - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Financial institutions - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Financial institutions - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Financial institutions - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user ($ billion)
Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Service

7.1 Market segments
Exhibit 52: Chart on Service - Market share 2023-2028 (%)
Exhibit 53: Data Table on Service - Market share 2023-2028 (%)
7.2 Comparison by Service
Exhibit 54: Chart on Comparison by Service
Exhibit 55: Data Table on Comparison by Service
7.3 Manned guarding - Market size and forecast 2023-2028
Exhibit 56: Chart on Manned guarding - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Manned guarding - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Manned guarding - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Manned guarding - Year-over-year growth 2023-2028 (%)
7.4 Electronic security services - Market size and forecast 2023-2028
Exhibit 60: Chart on Electronic security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Electronic security services - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Electronic security services - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Electronic security services - Year-over-year growth 2023-2028 (%)
7.5 Cash services - Market size and forecast 2023-2028
Exhibit 64: Chart on Cash services - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Cash services - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Cash services - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Cash services - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Service
Exhibit 68: Market opportunity by Service ($ billion)
Exhibit 69: Data Table on Market opportunity by Service ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 India - Market size and forecast 2023-2028
Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 ADT Inc.
Exhibit 123: ADT Inc. - Overview
Exhibit 124: ADT Inc. - Business segments
Exhibit 125: ADT Inc. - Key news
Exhibit 126: ADT Inc. - Key offerings
Exhibit 127: ADT Inc. - Segment focus
12.4 Allied Universal
Exhibit 128: Allied Universal - Overview
Exhibit 129: Allied Universal - Product / Service
Exhibit 130: Allied Universal - Key offerings
12.5 AMZ Sicherheitsdienste GmbH
Exhibit 131: AMZ Sicherheitsdienste GmbH - Overview
Exhibit 132: AMZ Sicherheitsdienste GmbH - Product / Service
Exhibit 133: AMZ Sicherheitsdienste GmbH - Key offerings
12.6 Hanwei International Security Services Co.Ltd.
Exhibit 134: Hanwei International Security Services Co.Ltd. - Overview
Exhibit 135: Hanwei International Security Services Co.Ltd. - Product / Service
Exhibit 136: Hanwei International Security Services Co.Ltd. - Key offerings
12.7 ICTS Europe S.A
Exhibit 137: ICTS Europe S.A - Overview
Exhibit 138: ICTS Europe S.A - Product / Service
Exhibit 139: ICTS Europe S.A - Key offerings
12.8 Indian Facility Solutions Pvt Ltd.
Exhibit 140: Indian Facility Solutions Pvt Ltd. - Overview
Exhibit 141: Indian Facility Solutions Pvt Ltd. - Product / Service
Exhibit 142: Indian Facility Solutions Pvt Ltd. - Key offerings
12.9 Loomis AB
Exhibit 143: Loomis AB - Overview
Exhibit 144: Loomis AB - Business segments
Exhibit 145: Loomis AB - Key news
Exhibit 146: Loomis AB - Key offerings
Exhibit 147: Loomis AB - Segment focus
12.10 Mitie Group Plc
Exhibit 148: Mitie Group Plc - Overview
Exhibit 149: Mitie Group Plc - Business segments
Exhibit 150: Mitie Group Plc - Key news
Exhibit 151: Mitie Group Plc - Key offerings
Exhibit 152: Mitie Group Plc - Segment focus
12.11 Peregrine Guarding Pvt Ltd.
Exhibit 153: Peregrine Guarding Pvt Ltd. - Overview
Exhibit 154: Peregrine Guarding Pvt Ltd. - Key offerings
12.12 Prosegur Compania de Seguridad SA
Exhibit 155: Prosegur Compania de Seguridad SA - Overview
Exhibit 156: Prosegur Compania de Seguridad SA - Business segments
Exhibit 157: Prosegur Compania de Seguridad SA - Key offerings
Exhibit 158: Prosegur Compania de Seguridad SA - Segment focus
12.13 Securitas AB
Exhibit 159: Securitas AB - Overview
Exhibit 160: Securitas AB - Product / Service
Exhibit 161: Securitas AB - Key news
Exhibit 162: Securitas AB - Key offerings
12.14 SIS Ltd.
Exhibit 163: SIS Ltd. - Overview
Exhibit 164: SIS Ltd. - Business segments
Exhibit 165: SIS Ltd. - Key offerings
Exhibit 166: SIS Ltd. - Segment focus
12.15 The Brinks Co.
Exhibit 167: The Brinks Co. - Overview
Exhibit 168: The Brinks Co. - Business segments
Exhibit 169: The Brinks Co. - Key offerings
Exhibit 170: The Brinks Co. - Segment focus
12.16 Corps of Commissionaires Management Ltd.
Exhibit 171: Corps of Commissionaires Management Ltd. - Overview
Exhibit 172: Corps of Commissionaires Management Ltd. - Product / Service
Exhibit 173: Corps of Commissionaires Management Ltd. - Key offerings
12.17 Top IPS Group
Exhibit 174: Top IPS Group - Overview
Exhibit 175: Top IPS Group - Product / Service
Exhibit 176: Top IPS Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations