Global Private Security Services Market Worth $244 Billion by 2016 Says New Research Report at ReportsnReports.com

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“World Security Services to 2016” is a new market research report added to the ReportsnReports.com store.

Global Private Contract Security Services Market to increase 7.4 % annually through 2016 to $244 billion.

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In general, demand for security services is driven by rising urbanization, the real and perceived risks of crime and terrorism, belief that public safety measures are insufficient, and growth of a middle class with assets to protect and the means to pay for supplementary security measures.
Going forward, the security service market will also be supported by an improved economic environment and building construction activity, notably in developed nations that saw significant slowdowns late in the 2006-2011 period.

Developing areas to post strongest market gains

The strongest market gains will be posted in developing parts of Asia, Eastern Europe, Africa and the Middle East where security markets are relatively underdeveloped. In fact, several national markets, including China, India, Mexico, Russia, and South Africa, are expected to achieve double-digit annual growth through 2016.

In many of these areas, the intensity of security service use (measured against indicators such as GDP and urban population) is relatively low, indicating significant growth potential going forward. Factors such as rapid gains in economic activity, rising personal incomes, foreign investment activity, and the increasing belief that public safety forces are overburdened, corrupt or unable to provide sufficient protection will boost gains. Furthermore, increasing regulation and a trend toward greater professionalism in many of these local security service markets will improve public trust in security service businesses, thereby driving market gains.

US to remain largest national consumer

The US will remain the largest single consumer of private contract security services, accounting for 26 percent of total world demand in 2016. While the US is a relatively mature market for security services, the sheer size of the US means that it will account for more than one-fifth of total global increases between 2011 and 2016, even with a below average growth rate. However, that level will be matched by the combined gains of a few rising markets. For instance, India and China will together account for 13 percent of worldwide gains and Brazil, the world’s second largest single market in 2011, will represent another seven percent of global growth.

Contract guarding to remain largest, alarm monitoring to grow fastest

Contract guarding will continue to be the largest segment of the market, accounting for more than half of total revenues in 2016. This segment benefits from the minimal capital requirements for operation which, along with relatively low labor costs, make it the dominant security service in the developing markets. The alarm monitoring market is expected to see the strongest growth, spurred by rising interest in alarm systems coupled with the improved outlook for building construction.

Company Profiles
Profiles for 37 participants in the global industry such as Brinks, G4S, Prosegur, Secom, Securitas, and Tyco International

Additional Information
This study analyzes global markets for private contractual security services. Markets covered include

  •     guard and guard patrol services
  •     central station alarm monitoring services
  •     armored car transport and related cash handling
  •     teller machine (ATM) services (jointly termed cash-in-transit/CIT
  •     services)
  •     private management of public adult correctional facilities
  •     private investigations, security consulting, systems integration,
  •     and other miscellaneous security services

Buy your copy of this report @ http://www.reportsnreports.com/purchase.aspx?name=218222 . Alternatively, you can request a sample @ http://www.reportsnreports.com/contacts/requestsample.aspx?name=218222 analyze the report format and sample data before making your final purchase decision.

Another report “Private Security Services to 2016” says U.S. demand to rise 5.2% annually through 2016: US demand for private contracted security services is projected to increase 5.2 percent annually to $63.8 billion in 2016. The market will be supported by a high perceived risk of crime (from conventional violent and property crimes to white collar crimes and terrorism) and a concern that public safety officials are overburdened. The outsourcing of security activities to contracted firms, instead of relying on in-house security, will support demand. The privatization of some public safety operations, such as guarding government facilities and correctional facilities management, will also boost gains.

Higher tech services hold especially good prospects

Security services that capitalize on continuing technological developments hold especially good prospects. For instance, both security consulting and systems integration revenues will see above-average growth. Security consultants and systems integrators are able to manage a wide variety of services when creating, upgrading or implementing security plans and when installing or upgrading complex electronic security devices. In addition, the trend toward more sophisticated and automated security electronics that are increasingly integrated with other building operations will boost growth for these services.

Buy your copy of this report @ http://www.reportsnreports.com/purchase.aspx?name=202364 . Alternatively, you can request a sample @ http://www.reportsnreports.com/contacts/requestsample.aspx?name=202364 analyze the report format and sample data before making your final purchase decision.

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