Physical Security Services Market Intelligence

Physical Security Services Market Description

The global security service industry is presently valued at approximately $264 billion. It is expected to reach $296 billion by 2020, with a CAGR of 6 percent. The developed regions like U.S. and Europe contribute to nearly 50 percent of the global market and hold large-sized contracts for physical security services. The emerging countries, on the other hand, have a higher growth rate but hold small-sized contracts when compared to the developed regions. The global primary market drivers for the given regions are the increase in crime rates, social unrest within countries and terrorism.

The report identifies the global security services growth drivers and constraints along with the market trends. It also provides a regional market overview of the regions of North America, LATAM, Europe, MEA and APAC. The report addresses the factors affecting the security services in North America, Europe, LATAM, APAC and Europe. It also presents Porter’s Five Force Analysis in the developed and emerging security services market. A list of major suppliers of physical security services such as Securitas AB, G4S, GardaWorld, Prosegur, Brink’s, Allied Universal and ADT Corporation has also been furnished in the report.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Brexit: Impact on Sourcing Security Services
Regional Market Outlook (North America, LATAM, Europe, MEA and APAC)
Cash and Electronic Security Services: India Landscape
Security Services Industry in India: SWOT Analysis(Supplier Perspective)

Physical Security Services Market Trend, Analysis & Forecast

Category Intelligence on Physical Security Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Physical Security Services Executive Summary

1.1 Global Security Services Industry Outlook
1.2 Security Services Market Outlook
1.3 BREXIT –Impact on security services
1.4 BREXIT –Impact on Real Estate & Facilities Management Procurement

2. Physical Security Services Market Analysis

2.1 North America and Latin America (LATAM)
2.2 Europe, Asia Pacific (APAC), Middle East and Africa (MEA)
2.3 Drivers and Constraints
2.4 Opportunities and Challenges
2.5 Key Industry Trends
2.6 Role of Innovation
2.7 Private Security Services  – India Landscape
2.8 Security Services  – Industry Trends in India
2.9 Manned Guarding  – India Landscape
2.10 Cash and Electronic Services  – India Landscape
2.11 Porter’s for Developed Regions
2.12 Porter’s for Emerging Regions

3. Physical Security Services Supplier Analysis

3.1 Global Supplier Landscape
3.2 SWOT analysis for India – Supplier Perspective
3.3 Mergers and Acquisitions
3.4 Security Services Trends and Insights
3.5 Key Global and Regional Suppliers Service Portfolio
3.6 Key Global Supplier Profiling and SWOT Analysis
3.7 Key Regional Supplier Profiling

4. Physical Security Services Cost and Pricing Analysis

4.1 Cost Model for Manned Guarding
4.2 U.S., U.K., India, France and Australia
4.3 Pricing Models
4.4 Pricing Analysis

5. Physical Security Services Procurement Best Practices

5.1 Engagement Models
5.2 Switching Costs
5.3 Sourcing Models - Pros and Cons
5.4 Cross Industry Sourcing Model Adoption
5.5 Capacity Management
5.6 Security Services Market in India – Competitive Advantage
5.7 Regulatory Reforms in Indian Market
5.8 Challenges and Concerns in India
5.9 Key Performance Indicators (KPIs) and Service Level Agreements (SLAs)
5.10 Negotiation Levers
5.11 Case Studies

6. Physical Security Services End-User Industry Update

6.1 Financial Services
6.2 Mining

Global Security Services Industry Outlook

In 2017, the global security service industry was valued at approximately $264 billion. By the end of 2019, it is expected to reach $296 billion with a compound annual growth rate (CAGR) of 6 percent.
Developed Regions : These regions contribute almost 50 percent of the global market with an annual growth rate of 4 – 5 percent, and the large-sized contracts are from these regions.
Emerging Countries : These countries have a higher growth rate as compared to the mature markets, such as the US and Europe. However, the contract size is still small in these regions and the market is highly fragmented.
The increase in crime rates, social unrest within countries and terrorism have fuelled the demand for better security solutions all over the globe

physical-security-services-market-size

Global Security Services Market Maturity

The rising social insecurity in the recent times is prompting the buyers to be more proactive in securing their premises
Technology plays a huge role in reducing the labor required. Increasing the investments in unmanned guarding will reduce the cost of services as it is directly related to the labor cost.
The adoption of technology which requires high capital investment is limited to the mature markets and is making slow inroads in the developing regions

Global Security Services Drivers and Constraints

Technology is a double-edged sword. On one hand, the adoption of new technologies (such as CCTV and electronic surveillance systems) reduces cost, and on the other, there is a threat to data security, which causes a rise in demand for it
Cost savings from 20–80 percent can be achieved in the long run depending upon the buyer’s area under surveillance and rate of adoption of unmanned guarding. The cost savings would increase over successive years as the total cost of ownership (TCO) for electronic equipment gets written off every year

Drivers

The increasing demand for security services in different segments and the arrival of new entrants has lead to more competition among service providers and higher fragmentation in the U.S. and Europe.
The increasing threats of social insecurity, terrorism and rising crime rates raises the concern for securing assets, employees and information; hence, the security services industry will have a potential growth period.
The increase in infrastructure, such as malls and office complexes, will in turn require more manpower; hence, the security service suppliers will have a potential growth period in their businesses

Constraints

The lack of common procedures and standards across borders has resulted in operational problems for security devices in different regions. This restricts buyers from investing in technology and security equipment on a large scale.
Lack of awareness of new technologies and security devices among buyers might result in slower adoption of electronic security services, especially in emerging regions.
The availability of a skilled labour force in emerging regions is quite low as compared to mature markets like Europe and the U.S. This results in increased training costs and reduced quality of services

Key Industry Trends

Security as a Service:

Physical security services are moving towards a system that provides more specific solutions as well as a higher level of integration and service. Instead of viewing physical security as a series of connected hardware and software systems, the industry has started to move towards system that provides more of security as a service to successfully run security operations

Deeper Convergence of Physical and Logical Security:

The upcoming convergence of physical and logical security is an absolute certainty, which is already in progress. For example, Role-Based Access Control (RBAC) has been the predominant model for access control in the IT world of logical security and today this architecture is reflected in the design of leading access control systems, because it significantly reduces the cost of access management.

Shift from Proprietary to Open Hardware:

Security dealers and integrators have started to manufacture hardware that are compatible with third party operable software. This is mainly because of the issues customers faced in the past due to the manufacturer’s negligence in updating the software or discontinued operations. The customers feel guaranteed with the invention of these open hardware which can also be run on other third party operating software (apart from OEM)

More Focus on Video Analytics:

The security industry has started to develop video analytics software that works in a similar way to software that analyzes numerical and text data. Instead of having a person to work through video footage, the software can work in real time to help make quick and informed decisions. This would help professionals address several challenges such as facial recognition, forensic analysis and perimeter protection

Integrated Cloud Systems:

Integration of various security systems in an organization have been the trend for quite some time and now the cloud storage is being utilized to achieve maximum operational efficiency through integration. This not only integrates the security systems in an organization, but also provides the user a remote access to the security network, which could be used in techniques such as intrusion prevention which is different from intrusion detection.

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