Economic and political development
Economic growth and continued global investments in new construction are driving the demand for security services. The middle class in maturing and developing markets is expected to grow at a CAGR of 3.7 percent from 2020 through 2030.
Increased demand for security services
As global disposable income and net worth rise, there will be more to protect and more clients that can afford to do so, which we believe will fuel the demand for security services. Infrastructure investments in, for example, real estate, public transport and public logistic hubs create a need to safeguard these assets and associated flows, which increases the demand for security services.
Outsourcing of public security services
Increased privatization through the outsourcing of public security services to private security service providers is a way to control or reduce public spending or to open the market for competition.
