CATEGORY

Physical Security Services

Physical security service is defined as the protection of any facility, using security guards and electronic security systems.

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Labor shortage ? a correlative effect of employee mental wellness

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Physical Security Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Physical Security Services category is 9.00%

Payment Terms

(in days)

The industry average payment terms in Physical Security Services category for the current quarter is 45.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Physical Security Services Suppliers


    23,886
    Total Suppliers
    1,596
    Diverse Suppliers
    77
    Normalized Supplier Rating
    Physical Security Services Supplier

    Find the right-fit physical security services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CBRE GROUP INC.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    4
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    42

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    41
    Social
    37
    Governance
    52
    6 Domains Performance (/100)
    Business behaviour
    44
    Human rights
    43
    Community Environment
    22
    Corporate governance
    57
    Human resources
    38
    Security Scorecard
    62

    Threat indicators
    C
    70
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    37
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    D
    68
    Application Security
    Detecting common website application vulnerbilities
    F
    48
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    82
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    93
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cbre.us
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    6
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    7
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    2
    Fraud Issues
    2
    Labor Health Safety Flags
    2
    Regulatory Issues
    0
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    30
    Discrimination Workforce Rights Issues
    2
    esg controversies critical severity
    No

    Physical Security Services market report transcript


    Global Security Services Industry Outlook

    • In 2019, the global security service industry was valued at approximately $303 billion. By the end of 2020, it is expected to reach $320 billion with a Compound Annual Growth Rate (CAGR) of 6 percent, which is expected to decrease due to COVID-19 impact, where surveillance spend is cut across major industries due to halt in business
    • Developed Regions: These regions contribute to 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 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

    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.

    Market Overview

    The usage of innovative technologies, such as robots and drones, is in the nascent stage as of now, and it is expected to change the landscape of physical security services in the next five years.

    One of the largest emerging trends is the increased use of smart technology for monitoring and managing security workforces.

    The physical security market size in India is expected to exceed 1500 billion by 2022.

    The global physical security market is fragmented, and there are many suppliers who can perform security services at different scales.

     Operating margin is 5.5-6 percent for tier 1 players and around 4 percent for tier 2 players in the physical security equipment market. 

    Why You Should Buy This Report

    • The report gives information on the regional and global physical security market size, maturity, industry trends, drivers and constraints.
    • It gives a regional market outlook of the physical security equipment market in the APAC, North America, MEA and Europe regions and Porter’s five force analysis of the developed and emerging markets.
    • It provides insight into the supply landscape of the global physical security equipment market and does a SWOT analysis of key players like GardaWorld, Prosegur, Brink’s, etc. 
    • The report details the cost breakup, cost analysis, pricing analysis, pricing models, etc. of physical security services.