-- Private & Personal Security Services Market 2019
Private & personal security services have become very common globally for their ability to protect both individuals and business organizations and residential spaces. Some individuals are vulnerable to threats from other people or various groups. Personal security, in this case, becomes essential to the individual for his/her safety. Similarly, large residential spaces and business spaces need security personnel to manage the entry and exit of people and for protection from intruders. In both these cases, a private security team has to be hired for managing safety needs. The growth in the global economy and the unavailability of the public police force to handle the safety of such spaces 24 hours a day, the need for such private & personal security services have become vital.
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This report segregates the security services market into global, regional and individual player levels. The report gives a detailed analysis of the market during the historical year of 2014-2018 and it considers 2018 and 2019 to be the base and the estimated years. Forecast on the market growth, the revenue, the CAGR percentages and the opportunities ahead is calculated for years between 2019 and 2025. One of the major trends that this market will experience is the use of high-end technology like drones and robots for surveillance. This will make the industry more effective and hence boost its growth factor.
Market Segmentation
Depending on the different types of security services offered by companies, this report analyzes in detail five models. Executive/VIP protection refers to high level personal security service. Residential protection is for large residential premises. Asset protection and Technical Surveillance Countermeasure (TSCM) Services are relatively new, yet useful types of services offered. The last model is the executive drivers.
The global private security services market research report provides market segmentation by end-user and by region. Based on the end user, this report splits the market further into industrial, residential, and financial institutions.
There are 15 different companies considered globally as key players in the market. The market shares of these companies and their revenue models are discussed in detail. This report also analyzes the competitive landscape and compares the products, their prices and the development strategies of all these companies.
Regional Analysis
Geographically, Europe, United States, China, India, Japan, Southeast Asia and the Central and South America are regions that are included in the research report. The opportunities for growth in these regions, the potential risks faced by companies and the forecasted market share of the individual areas are discussed in depth in this report. In the forecast period, the Asia Pacific regions will show considerable growth and the United States will continue to lead the market.
Industry News
In August 2019, Piyush Goyal, India’s Railway and Commerce Union Minister, mentioned that the private security services will be one of the fastest growing segments in India in the coming years. This speech was made at the Private Security Industry Conclave (PSIC) held at the Federation of Indian Chambers of Commerce & Industry.
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