Global Security Services

What is Fueling Security Service Revenues in Developing and Developed Countries?

Security Services

Market expansion in developing countries will spur strong gains for manned guarding services, while technological advances will present opportunities for high-value services in developed nations

Key Findings in the Global Security Services Study:

China and India to Post Fastest Growth

China and India are projected to be the world’s two fastest growing national markets for security services, together accounting for 38% of global revenue gains. Advances will be driven by increased urbanization as economic advances provide opportunities in all markets. Low labor costs will continue to make these countries particularly large users of guard services.

Alarm Monitoring Boosted by Technological Advances

Rising alarm monitoring revenues in the commercial market will be supported by increased penetration of value-added offerings. Video monitoring services that speed alarm verification hold particularly strong potential as data costs fall. Increased prevalence of smart home technology serves as a gateway for many customers who can sometimes be reached as potential customers for additional contracted monitoring services. However, improved self-monitoring technology will constrain growth in monitoring services to an extent.

Systems Integration Becoming More Prominent

As the technological complexity of security systems used in the developed world increases, systems integration is becoming an increasingly necessary component of modern security service packages. Industry leaders are emphasizing this high-value segment to offset market maturity in traditional core businesses. Growth in systems integration has fueled heightened acquisition activity as firms attempt to gain market share and improve their technological expertise.

Study Coverage

This industry study presents historical revenue data (2007, 2012 and 2017) and revenue forecasts for 2022 by service (guard, alarm monitoring, cash-in-transit and related services, other services), market (commercial and industrial, government and institutional, residential), and region (North America, Central and South America, Western Europe, Eastern Europe, Asia/Pacific, and Africa/Mideast). The study also evaluates company market share on a global basis and the competitive strategies of key industry players such as ADT, Allied Universal, G4S, Prosegur, and Securitas.

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