Global demand for private contract security services is forecast to increase 6.9 percent per year to $267 billion in 2018. The fastest gains will occur in developing parts of Asia, Central and South America, Africa, and the Middle East. The dominant contract guarding segment will achieve the fastest gains.This study analyzes the $191 billion world security service industry. It presents historical demand data (2003, 2008, 2013) and forecasts (2018, 2023) by service (e.g., guard services, alarm monitoring, armored transport, private prison management), market (commercial and industrial, government and institutional, residential), world region, and for 21 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry participants, including G4S, Securitas AB and Tyco International.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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