Manned Security Services Market In Europe to 7.36% CAGR to 2021 – Analysis of Control Risks, G4S, ICTS Europe, OCS Group, and Securitas.

MarketResearchNest.com adds “Manned Security Services Market In Europe 2017-2021” new reports to its research database. The report spread across 110 pages with tables and figures in it.

The research analysts forecast the manned security services market in Europe to grow at a CAGR of 7.36% during the period 2017-2021.

Manned security services involve deployment of human personnel for guarding assets and properties within a facility. In this report, the major consideration is on armed, unarmed, and mobile patrolling through manned guards in and around an infrastructure. Cash logistics, event management security, background verification, and personnel guarding have been excluded from this report. Only outsourced security services are considered, and in-house security services are excluded from the scope of this report.

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Technavio recognizes the following companies as the key players in the manned security services market in Europe: Control Risks, G4S, ICTS Europe, OCS Group, and Securitas.

Other Prominent Vendors in the market are: Aegis Group, Andrews International, Axis Security, Brink's, Corps Security Services, Erinys, Pinkerton, Prosegur, Senaca, and VSG.

The latest trend gaining momentum in the market is Integration of manned security along with electronic security solutions. The end-users are nowadays looking for more sophisticated security solutions in their premises. Only deploying manned guards or electronic security solutions are not sufficient for providing the level of satisfaction that the end-user desires. At present, with a massive increase in crime rate and unwanted activities, both manned security services and electronic security solutions are necessary to maintain the security of an infrastructure.

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According to the report, one of the major drivers for this market is Manned security services is a highly competitive sector. The growth in the requirement for manned security services in Europe has led to a proliferation in the number of security service providing companies operating in the region. Manned security services are labor intensive and are governed by a number of parameters such as training of guards, working hours, and wages given to the manned guards. The development of overall infrastructure in the region has led to the growth of manned security services market. This has given rise to a number of private security services companies in Europe.

Further, the report states that one of the major factors hindering the growth of this market is Standard methodologies giving rise to security breaches. In manned security services, a standard operating procedure is followed by the guards on a daily basis. Manned guards go through rigorous training to learn the proper security procedures that they have to follow. The guards perform designated operations in required situations, and these procedures do not change for any shift. On account of a scheduled routine followed by manned guards, security breaches by intruders and security lapses are highly possible, which may increase the threat to infrastructure facilities. In large facilities, such as industrial facilities, retail facilities, or hospitals, it is physically taxing for manned guards to survey every area for security loopholes. In addition, as the attrition rate in manned security services is high, the existing security guards are often replaced by new ones. This frequent change in security results in a breach of security, as the new manned guards require time to understand the security needs of a certain area.

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 a SWOT analysis of the key vendors.

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