Manned Guarding Services Market - Upcoming Trends and Growth by Key Players like SIS International S.R.L, Securitas AB, Allied Universal, G4S plc, OCS Group Ltd., Transguard Group etc.

Market Scenario:

The global manned guarding services market is projected to garner exponential accruals and prominence over the review period due to the increasing terrorist activities and threats worldwide, states Market Research Future (MRFR) in its recently published study report. MRFR estimates that the global manned guarding services market is projected to reach USD 7,190.2 million by 2023, registering 6.44% CAGR during the assessment period (2018-2023).

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Technological advancements in weapons and the rising demand for effective technology-based products is anticipated to boost the market size of manned guarding services market. Additional factors boosting the market growth include the increasing demand for tough security measures at borders near nations.

The market for manned guarding services grew with the IT revolutions. The technological advancements are contributing to the development of cost-effective security systems which boosts the manned guarding services market.

These have given rise to the security services and demand for private security services from CCTV monitoring to proximity bodyguarding is on the rise. Furthermore, ever-increasing population worldwide, rapid urbanization, industrialization, and improving economic conditions are some of the key factors substantiating the market growth.
On the other hand, the combination of logical and physical components of security is a challenge faced by the manned guarding services market. Nevertheless, the integration of high-end equipment such as CCTV cameras with skilled technicians, and the growing gated communities are some of the factors expected to support market growth during the forecasted period.

Segmentation:

MRFR has segmented the analysis into three key dynamics; for better understanding: -

By Type: Equipment and Services.

By End-user: Industrial, Commercial, and Residential.

By Region: Europe, North America, Asia Pacific, and Rest-of-the-World (RoW)

Regional Analysis:

The North American region dominates the global manned guarding services market with the significant market share. Presence of well-established market players coupled with the large technological advancements and its uptake are some of the key factors driving the regional market growth. Moreover, the government initiatives against the terrorist attacks and illegal immigration are driving the market of manned guarding services in North America.

The European and Asia Pacific region accounts for the second & third-largest market respectively in the global manned guarding services market. Driven by the increasing terrorism and trespassing cases generate the huge demand for manned guarding services in the APAC region. Some of the Asian countries like China, Japan, and South Korea have a fair share in the manned guarding services market.

Key Players:

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

Competitive Analysis:

The highly competitive manned guarding services market is totally dependent on the sales of automobiles. The market appears fragmented owing to the presence of numerous large and small-scale players accounting for a substantial market share. Well-established players rely on acquisitions, collaborations, partnerships, and new technology launches in order to gain competitive advantage and maintain their positions in this market.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.