Global market trends
The global security services market is an attractive market that is characterized by predictable growth. There are certain emerging areas of the industry, such as security solutions, that are in the early commercialization stage and are expected to experience significantly higher growth rates compared to more stable areas such as guarding services.
Global trends impacting security needs
There are several long-term trends that are expected to affect the security services industry. We believe that the most important trends in the security services market include:
- Increased use of technology
- Urbanization and industrialization
- Economic and political development
- Customized and cost-effective security services
- Greater focus on corporate risk management
- Impact of COVID-19 on the global security services market