The Asia Pacific Private Security Market would witness market growth of 8.0% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Private Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $34,466 Million by 2031. The Japan market is registering a CAGR of 7.3% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.8% during (2024 - 2031).
As concerns about home safety rise, many homeowners are turning to private security solutions. These services range from basic alarm systems to comprehensive home security packages, including 24/7 monitoring, video surveillance, and emergency response services. Private security firms often provide personalized assessments to tailor solutions to homeowners' specific needs, ensuring peace of mind.
Moreover, with the growing prevalence of large-scale events, such as concerts, sports competitions, and corporate gatherings, the demand for specialized event security services has surged. Private security firms are tasked with crowd control, access management, and emergency response planning to ensure the safety of attendees. Their expertise in managing security risks associated with public events is invaluable in mitigating potential threats.
The private security market in Australia is experiencing notable growth, driven by increasing concerns about household crime rates, as reported by the Australian Bureau of Statistics. During the 2022-23 reference period, approximately 8.5% of households in Australia, which equates to around 856,800 homes, reported experiencing one or more selected household crimes. This statistic highlights a significant need for enhanced security measures, as many Australians feel vulnerable in their homes. The reported incidents, including break-ins and attempted break-ins, underscore the urgency for private security services, prompting households to invest in security solutions to protect themselves and their properties.
Free Valuable Insights: The Global Private Security Market is Predict to reach USD 437.8 Billion by 2031, at a CAGR of 7.4%
Based on Service, the market is segmented into Manned Security, Electronic Security, Cash Handling Services, and Other Service. Based on End User, the market is segmented into Commercial, Industrial, Government, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Allied Universal
- Prosegur
- Brink's Incorporated (Brink's)
- Garda World Security Corporation (GardaWorld) (BC Partners)
- Securitas AB
- ADT, Inc.
- Secom Co. Ltd.
- Convergint Technologies LLC
- Loomis AB
- ISS A/S
Asia Pacific Private Security Market Report Segmentation
By Service
- Manned Security
- Electronic Security
- Cash Handling Services
- Other Service
By End User
- Commercial
- Industrial
- Government
- Residential
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Private Security Market, by Service
1.4.2 Asia Pacific Private Security Market, by End User
1.4.3 Asia Pacific Private Security Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Private Security Market
Chapter 5. Asia Pacific Private Security Market by Service
5.1 Asia Pacific Manned Security Market by Country
5.2 Asia Pacific Electronic Security Market by Country
5.3 Asia Pacific Cash Handling Services Market by Country
5.4 Asia Pacific Other Service Market by Country
Chapter 6. Asia Pacific Private Security Market by End User
6.1 Asia Pacific Commercial Market by Country
6.2 Asia Pacific Industrial Market by Country
6.3 Asia Pacific Government Market by Country
6.4 Asia Pacific Residential Market by Country
Chapter 7. Asia Pacific Private Security Market by Country
7.1 China Private Security Market
7.1.1 China Private Security Market by Service
7.1.2 China Private Security Market by End User
7.2 Japan Private Security Market
7.2.1 Japan Private Security Market by Service
7.2.2 Japan Private Security Market by End User
7.3 India Private Security Market
7.3.1 India Private Security Market by Service
7.3.2 India Private Security Market by End User
7.4 South Korea Private Security Market
7.4.1 South Korea Private Security Market by Service
7.4.2 South Korea Private Security Market by End User
7.5 Australia Private Security Market
7.5.1 Australia Private Security Market by Service
7.5.2 Australia Private Security Market by End User
7.6 Malaysia Private Security Market
7.6.1 Malaysia Private Security Market by Service
7.6.2 Malaysia Private Security Market by End User
7.7 Rest of Asia Pacific Private Security Market
7.7.1 Rest of Asia Pacific Private Security Market by Service
7.7.2 Rest of Asia Pacific Private Security Market by End User
Chapter 8. Company Profiles
8.1 Garda World Security Corporation (GardaWorld) (BC Partners)
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.1.2.2 Product Launches and Product Expansions:
8.1.2.3 Acquisition and Mergers:
8.1.3 SWOT Analysis
8.2 Securitas AB
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Acquisition and Mergers:
8.2.5 SWOT Analysis
8.3 Brink's Incorporated (Brink's)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 Prosegur
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Product Launches and Product Expansions:
8.4.5 SWOT Analysis
8.5 Allied Universal
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Acquisition and Mergers:
8.5.3 SWOT Analysis
8.6 ADT, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 SWOT Analysis
8.7 Secom Co. Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 SWOT Analysis
8.8 Convergint Technologies LLC
8.8.1 Company Overview
8.9 Loomis AB
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.10. ISS A/S
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
TABLE 1 Asia Pacific Private Security Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Private Security Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Private Security Market by Service, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Private Security Market by Service, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Manned Security Market by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Manned Security Market by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Electronic Security Market by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Electronic Security Market by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Cash Handling Services Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Cash Handling Services Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Other Service Market by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Other Service Market by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Private Security Market by End User, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Private Security Market by End User, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Commercial Market by Country, 2020 - 2023, USD Million
TABLE 16 Asia Pacific Commercial Market by Country, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Industrial Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Industrial Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Government Market by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Government Market by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Residential Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Residential Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Private Security Market by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Private Security Market by Country, 2024 - 2031, USD Million
TABLE 25 China Private Security Market, 2020 - 2023, USD Million
TABLE 26 China Private Security Market, 2024 - 2031, USD Million
TABLE 27 China Private Security Market by Service, 2020 - 2023, USD Million
TABLE 28 China Private Security Market by Service, 2024 - 2031, USD Million
TABLE 29 China Private Security Market by End User, 2020 - 2023, USD Million
TABLE 30 China Private Security Market by End User, 2024 - 2031, USD Million
TABLE 31 Japan Private Security Market, 2020 - 2023, USD Million
TABLE 32 Japan Private Security Market, 2024 - 2031, USD Million
TABLE 33 Japan Private Security Market by Service, 2020 - 2023, USD Million
TABLE 34 Japan Private Security Market by Service, 2024 - 2031, USD Million
TABLE 35 Japan Private Security Market by End User, 2020 - 2023, USD Million
TABLE 36 Japan Private Security Market by End User, 2024 - 2031, USD Million
TABLE 37 India Private Security Market, 2020 - 2023, USD Million
TABLE 38 India Private Security Market, 2024 - 2031, USD Million
TABLE 39 India Private Security Market by Service, 2020 - 2023, USD Million
TABLE 40 India Private Security Market by Service, 2024 - 2031, USD Million
TABLE 41 India Private Security Market by End User, 2020 - 2023, USD Million
TABLE 42 India Private Security Market by End User, 2024 - 2031, USD Million
TABLE 43 South Korea Private Security Market, 2020 - 2023, USD Million
TABLE 44 South Korea Private Security Market, 2024 - 2031, USD Million
TABLE 45 South Korea Private Security Market by Service, 2020 - 2023, USD Million
TABLE 46 South Korea Private Security Market by Service, 2024 - 2031, USD Million
TABLE 47 South Korea Private Security Market by End User, 2020 - 2023, USD Million
TABLE 48 South Korea Private Security Market by End User, 2024 - 2031, USD Million
TABLE 49 Australia Private Security Market, 2020 - 2023, USD Million
TABLE 50 Australia Private Security Market, 2024 - 2031, USD Million
TABLE 51 Australia Private Security Market by Service, 2020 - 2023, USD Million
TABLE 52 Australia Private Security Market by Service, 2024 - 2031, USD Million
TABLE 53 Australia Private Security Market by End User, 2020 - 2023, USD Million
TABLE 54 Australia Private Security Market by End User, 2024 - 2031, USD Million
TABLE 55 Malaysia Private Security Market, 2020 - 2023, USD Million
TABLE 56 Malaysia Private Security Market, 2024 - 2031, USD Million
TABLE 57 Malaysia Private Security Market by Service, 2020 - 2023, USD Million
TABLE 58 Malaysia Private Security Market by Service, 2024 - 2031, USD Million
TABLE 59 Malaysia Private Security Market by End User, 2020 - 2023, USD Million
TABLE 60 Malaysia Private Security Market by End User, 2024 - 2031, USD Million
TABLE 61 Rest of Asia Pacific Private Security Market, 2020 - 2023, USD Million
TABLE 62 Rest of Asia Pacific Private Security Market, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Private Security Market by Service, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Private Security Market by Service, 2024 - 2031, USD Million
TABLE 65 Rest of Asia Pacific Private Security Market by End User, 2020 - 2023, USD Million
TABLE 66 Rest of Asia Pacific Private Security Market by End User, 2024 - 2031, USD Million
TABLE 67 Key Information – Garda World Security Corporation
TABLE 68 Key Information – Securitas AB
TABLE 69 Key Information – Brink's Incorporated
TABLE 70 Key Information – Prosegur
TABLE 71 Key Information – Allied Universal
TABLE 72 Key Information – ADT Inc.
TABLE 73 Key Information – Secom Co. Ltd.
TABLE 74 Key Information – Convergint Technologies LLC
TABLE 75 Key Information – Loomis AB
TABLE 76 Key Information – ISS A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Private Security Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Private Security Market
FIG 4 Porter’s Five Forces Analysis – Private Security Market
FIG 5 Asia Pacific Private Security Market share by Service, 2023
FIG 6 Asia Pacific Private Security Market share by Service, 2031
FIG 7 Asia Pacific Private Security Market by Service, 2020 - 2031, USD Million
FIG 8 Asia Pacific Private Security Market share by End User, 2023
FIG 9 Asia Pacific Private Security Market share by End User, 2031
FIG 10 Asia Pacific Private Security Market by End User, 2020 - 2031, USD Million
FIG 11 Asia Pacific Private Security Market share by Country, 2023
FIG 12 Asia Pacific Private Security Market share by Country, 2031
FIG 13 Asia Pacific Private Security Market by Country, 2020 - 2031, USD Million
FIG 14 Recent strategies and developments: Garda World Security Corporation
FIG 15 SWOT Analysis: GARDA WORLD SECURITY CORPORATION
FIG 16 SWOT Analysis: Securitas AB
FIG 17 Recent strategies and developments: Brink's, Incorporated
FIG 18 SWOT Analysis: Brink's Incorporated
FIG 19 Recent strategies and developments: Prosegur
FIG 20 SWOT Analysis: Prosegur
FIG 21 Recent strategies and developments: Allied Universal
FIG 22 SWOT Analysis: Allied Universal
FIG 23 SWOT Analysis: ADT, Inc.
FIG 24 SWOT Analysis: Secom Co. Ltd.