Pune, India -- (SBWire) -- 08/13/2018 --Market Highlights:

The Analysis presents the study of Global Manned Guarding Services Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold.
The global manned guarding service market is touted to expand at a moderate CAGR of 6.44% during the forecast period (2018-2023), as per the detailed report by Market Research Future (MRFR). The sector has proven itself highly organized and well-regulated in developed countries such as the U.S. and the U.K., and could further benefit from the rapid urbanization taking place across the world.

Among the major factors deemed to set the global manned guarding service market in motion, rapid urbanization features at the top. It has both direct and indirect implications. According to the World Migration Report, published in 2015, each week almost 3 million people across the world shift their base to cities for economic activities and job opportunities giving a rise in the urban population. This population, as per the United Nations' reports is likely to reach 1.5 billion by 2030. As a consequence, new assets are getting created fuelling the need for manned guarding services.

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Major Key Players

China Security & Protection Group Co. Ltd.,
Transguard Group,
SIS International S.R.L,
OCS Group Ltd.,
G4S plc,
Axis Group Integrated Services Ltd.,
ICTS Europe S.A.,
Andrews International Inc.,
Securitas AB,
Allied Universal, U.S. Security Associates Inc., and Tops Security Limited are prominent players in the manned guarding services market.

The report offers comprehensive profiles on these market players and assesses their current standing in the manned guarding services market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, M&A activities, and latest R&D initiatives are outlined in the report.

Segmental Analysis:

The global manned guarding service market can be segmented by type, end user, and region.
By type, the market can be further sub-segmented into equipment and service. Equipment-based market depends on the equipment carried by the security personnel such as two-way radio, flashlight, utility vest & belt, and other defense equipment. This segment includes other equipment which are less reliant on security guards such as cameras, hand-held metal detectors, door entry equipment, and innovative access control products. Dependence on such devices could hamper the market growth. The segment is touted to grow at a CAGR of 6.98% during the forecast period. In the service segment, a growing need for technology can be witnessed. This segment is estimated to grow at a pace of 5.31% CAGR during the forecast period.

End-users include industrial buildings, commercial buildings, and residential buildings. Industrial buildings comprise automotive, fast-moving consumer goods (FMCG), pharmaceutical, telecommunication & media, mining, energy, oil & gas, construction, and logistics. Among these, telecommunication & media is expected to grow at the fastest CAGR of 6.81% during the forecast period and contribute the most. The industrial segment is likely to exhibit a CAGR of 6.53% during the forecast period. Commercial buildings include banks, financial services and insurance sector, IT & IT-enabled service sectors, shopping centers, airports, educational institutions, and others. In general, these buildings attract massive crowds. Hence, the growth in the need for manned security service. The commercial segment can showcase a CAGR of 6.66% during the forecast period. The residential building segment is likely to witness a CAGR of 5.51% during the assessment period.

Regional Segmentation:

Geographically, the global manned guarding service can be segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America.

North America has a huge market owing to the presence of major players in the region such as Allied Universal, Securitas, Andrews International Inc., G4S plc, ICTS Europe S.A., OCS Group Limited, and U.S. Security Associates. Recently after the consolidation of the security industry in North America, more opportunities in this sector has been created.

Europe and APAC collectively generate almost 50% of the overall market revenue. Europe uses a combination of manned security service and electronic devices to further its growth.
The APAC market is supposed to experience a high growth rate owing to reputed companies investing in the region for expansion purposes. The area has a huge population base, compared to which the police per capita is less than the global average in many pockets. Lack of skilled employees and technologically upgraded security equipment can trigger the market growth.

Analysis Period

- Base Year - 2017
- Projection Period - From 2018 to 2023
- Market Denomination - USD Million
- Conversion Rate - Considered as per the respective financial years

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Intended Audience
- Service Providers
- Real Estate Business
- Policy Makers

About Market Research Future
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