Irving, Texas (PRWEB) May 12, 2013
The security services industry comprises of establishments primarily engaged in providing guard and patrol services, armored car services including picking up and delivering money, receipts or other valuable items with personnel and equipment to protect such properties while in transit, and security system services. The industry is fragmented with leading top five players, Tyco International Ltd., G4S Plc., Securitas AB, Secom Co., Ltd. and Prosegur Compania accounting for approximately 26.5% in 2012. The global security services industry revenue is forecasted to reach an estimated US $220.9 billion in 2018 with a moderate growth over the next five years (2013-2018).
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the industry and presents its findings in "Global Security Services Industry 2013-2018: Trend, Profit, and Forecast Analysis". North American region dominates the industry and represents the maximum industry share. A continuous modernization and technological expansion, government policies and safety regulations is seen to impact industry dynamics significantly.
Lucintel's report gives a brief overview of the industry challenges. The industry needs to follow government regulation and the industry has to face litigations. New technological advances adopted by companies in this industry leads to intense competition and both the small and large players have to bear high costs. Attracting and retaining customers, and competing on price and quality of service are challenges for the industry.
Despite challenges, the study highlights on the growth drivers. The industry is gradually seeing increased privatization and service contracting. Increasing urbanization, rapid economic development and consequent asset creation are drivers of growth for this industry. High growth in sectors such as retailing and real estate are adding impetus to growth.
This market report is an indispensable reference guide for security equipment manufacturing companies, personnel working in this industry, investors investing in this industry, and many more who operate in this industry. To make business, investment, and strategic decisions, timely, useful information is needed which is fulfilled by this market report.For a detailed table of contents and pricing information on these timely, insightful reports, contact
Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel’s Opportunity Screening, Market experts and Business Strategy Consulting services have supported decision makers in achieving their growth objectives.