Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Global Guard Service Revenues to Grow 6% Annually Through 2022

by Corinne Gangloff

November 9, 2018

Global guard service revenues are projected to increase 6.0% per year to $145.2 billion in 2022. Growth will be driven primarily by gains in developing countries, with highly populous industrializing nations such as China and India contributing a particularly large share. These and other trends are presented in Global Security Services, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Factors supporting gains include:

  • increased urbanization and income inequality, which will heighten concerns about crime as well as boost the size of the population able to afford guard services
  • improvements in licensing and professionalization, which will boost public trust and enable price increases
  • greater outsourcing of non-core business activities such as guarding
  • increased penetration of technologically advanced security systems, which will demand more highly skilled guards

This segment tends to be mature in developed nations, and gains in North America and Western Europe will be modest. High labor costs and intensive penetration of electronic security services will drive strong investment in labor-saving equipment that can reduce the number of guards needed for a given application.

Global revenues for all security service types are forecast to rise 5.8% per year to $269 billion in 2022. Generally, demand for supplemental security service is driven by the perceived risk of crime victimization and the ability to pay for it. Specific factors driving demand growth vary by the degree of development in the market.

Global Security Services (published 10/2018, 373 pages) is available for $6800 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/World-Security-Services.html

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Focus Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.