Investigation and security services includes security and investigations services for people, events, legal proceedings, pre-employment verification, domestic matters and other uses. Moreover, security services are also used private sector for protecting people and property. The services further include monitoring of security systems, guards and patrol parties, locksmiths, casual and eternal security staff, and crowd control management. The security services companies also offer ATM and cash-collection security services, and secure document and computer data storage. The wide scale use of investigation and security services companies have now developed new and enhanced ways of providing investigation and security services.
The security service providers are further offering specialized services over a wide variety of industries such as government, homeowners, associations, schools, retail environments and hotels as per business of client’s requirements. Specialization further assists the security provider by an edge over its competitors.
According to study, “Investigation And Security Services Global Market Report 2019” the key companies operating in the global investigation and security services market are G4S, MPower Facility Pvt. Ltd., ADT Corporation, Securitas AB, Investigation And Security Services India Pvt Ltd., Allied Universal, Securite Allied Services Pvt. Ltd, ICTS Europe, Raforce Security Services Pvt. Ltd., PInow.
Based on product & services, market is segmented into mobile guards & patrol services, private investigation services, crowd control services, secure document handling & storage services, security system monitoring services, cash-in-transit & armored guard services, locksmith services and other security services. In addition, based on activities services, market is segmented into armored car services (cash transfers), detective work or private investigative services, bodyguard services, security & protection services (except police), burglary protection services, security service monitoring, night watchman services and others. The investigation, guard, and armored car services industry employs significant number of security guards, comprising of guards stationed at bank lobbies, or those who monitor closed-circuit television feeds at shopping malls, patrol the office parks with dogs at night, and at staff security desks in corporate office buildings. Insurance companies have stimulated the development of private security industry, typically by charging lower percentages to homeowners and businesses using security services, and to a small amount by hiring private detectives to examine insurance fake application.
The market is driven by increase in concerns regarding terrorism, followed by rise in internet usage, increase in instances of cybercrime, growth in urban population, setting up of new commercial establishments and other industries, growth in economy and rise in per capita income. However, lack of skills, Workforce issues, and change in government policies may impact the market. The Substantial fast rise in urban population & economy in emerging geographies, commercial establishments and other industries, and risen the per capita income are some of key factors driving the market growth over the forecast period. However, some of the key concerns include workforce issues, lack of skills, and changing government policies may restrain the growth of the market. Moreover, investigation, guard, and armored car service will assist in boosting the growth of the investigation and security service market.
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Ankur Gupta, Head Marketing & Communications