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The Global Private Security Services Is Expected To Grow At A CAGR Of 4.01% To Reach US$ 273.621 Billion By 2025 - Valuates Reports

05-21-2019 07:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

The Global Private Security Services Is Expected To Grow At A CAGR Of 4.01% To Reach US$ 273.621 Billion By 2025 - Valuates Reports

The global private security services industry is estimated to be US$ 199.707 billion in 2018 and is expected to grow at a CAGR of 4.01% to reach US$ 273.621 billion by 2025.
The private security industry is rapidly growing, currently there are 2 million full-time security workers in the United States and this number is expected to increase by 21% percent through 2020.
The industry is expected to witness robust growth driven by sustained security threat perception and increase in labor wages according to statutory guidelines. Procurement and retention of quality manpower is the key challenge facing the industry. Manpower procurement and retention is expected to get tough with increase in alternate employment opportunities and rapid rise in manpower requirement to support the industry’s growth.
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A private security company is a business corporation, which provides armed and unarmed security services and expertise to private and public clients. Private security companies are defined by the U.S. Bureau of Labor Statistics as companies primarily engaged in providing guard and patrol services, such as bodyguard, guard dog, parking security and security guard services.
This report focuses on the global Private Security Service status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Private Security Service development in United States, Europe, China, Japan, Southeast Asia, India, Central & South America and Other Regions
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The key players covered in this study
Securitas AB
Allied Universal
ICTS Europe
Beijing Baoan
OCS Group
Andrews International

Market segment by Type, the product can be split into
Guard Services
Alarm Monitoring
Armored Transport
Private Investigation

Market segment by Application, split into
Commercial & Industrial
Government & Institutional

Market segment by Regions/Countries, this report covers
United States
Southeast Asia
Central & South America
Other Regions
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