Global demand for private contract security services will increase 7.4 percent annually to $244 billion in 2016. China, India, Mexico, Russia, and South Africa will lead gains, but the US will remain the largest consumer. Contract guarding will continue as the most common service while alarm monitoring grows the fastest.This study analyzes the $171 billion world security service industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by service (e.g., guard services, alarm monitoring, armored transport, private prison management, consulting, private investigations), market (commercial and industrial, government and institutional, residential), world region and for 21 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry participants such as 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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