Abstract
The global security services industry that includes guarding services, cash
logistics and handling and alarm monitoring services is witnessing major
changes in its growth pattern. The developed markets of North America and
Western Europe, which used to historically drive the global security services
market are currently registering lower rate of growth compared to the new
markets of Asia-Pacific, Middle East and African nations.
In the Asia-Pacific and Middle East countries, there are a number of countries
at varying stages of economic development. The growth of these economies
combined with security threats and lower security utilization compared to
Western market levels will drive the security services industry in the near
future.
Countries like India and China holds immense business opportunities for
security services firms as the governments in these two countries are making
huge investments in updating airports, aviation, shipping ports,
infrastructure, tourism and retail sectors.
Besides the growth of emerging markets, the government sector globally will
support the revenue bases of security services companies. The pace of
outsourcing of security services by the government and public sector
enterprises will stimulate the growth of security services industry. And with
the increasing usage of cash with consumers shying away from the use of credit
and credit cards in a recessionary economy, cash logistics business in the
security services in the security services industry are going to gain more in
the future.
The report titled “Global Security Services Industry: Market
Opportunities” analyzes the global security services industry in the
context of its major segments including guarding (manned), cash logistics and
handling services and alarm monitoring services. The report explores the
business opportunities that the industry offers in terms of its segments and
various geographies. The major industry trends have also been assessed in the
report. Further, it gives coverage to the major players in the security
services including G4S, Securitas and Brink' s. The study also analyzes the
future prospects of the global security services industry.
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