The Private Security Market is Predict to reach USD 437.8 Billion by 2031, at a CAGR of 7.4%

Private Security Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Private Security Market size is expected to reach $437.8 billion by 2031, rising at a market growth of 7.4% CAGR during the forecast period.

The Manned Security segment is leading the Global Private Security Market by Service in 2023, thereby, achieving a market value of $211.9 billion by 2031. This segment includes services provided by trained security personnel who are physically present to offer protection and monitoring. Manned security services encompass various activities, such as on-site guarding, patrolling, access control, and emergency response. The continued reliance on human presence for security underscores the value placed on the ability of security personnel to provide immediate intervention, assess situations in real-time, and offer a sense of assurance and deterrence through their visibility.

The Industrial segment is anticipating a CAGR of 7.6% during (2024 - 2031). This segment encompasses various industries, such as manufacturing plants, warehouses, logistics centers, and energy facilities, which require specialized security solutions to protect their critical infrastructure, equipment, and personnel. The industrial sector often faces unique security challenges, such as safeguarding valuable machinery, preventing industrial espionage, and ensuring the safety of hazardous materials. As a result, private security services in the industrial segment typically involve a mix of manned security and advanced electronic security systems to provide comprehensive protection.

Full Report: https://www.kbvresearch.com/private-security-market/

The North America region dominated the Global Private Security Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $156.6 billion by 2031. The Europe region is experiencing a CAGR of 7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 8% during (2024 - 2031).

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

Private Security Market Report Segmentation

By Service

• Manned Security
• Electronic Security
• Cash Handling Services
• Other Service

By End User

• Commercial
• Industrial
• Government
• Residential

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Private Security Market Size | Forecast 2031

• November-2024
• 98 Pages

LAMEA Private Security Market Size & Forecast Report | 2031

• November-2024
• 104 Pages

Europe Private Security Market Size & Forecast | 2031

• November-2024
• 106 Pages

Asia Pacific Private Security Market Size & Share | 2031

• November-2024
• 107 Pages