TMCnet News

UK Outsourced Security Guarding Services Market Growth Forecast to be Faster in 2015 Than Historical Rates
[January 22, 2015]

UK Outsourced Security Guarding Services Market Growth Forecast to be Faster in 2015 Than Historical Rates


DALLAS, January 22, 2015 /PRNewswire/ --

ReportsnReports.com adds Outsourced Security Guarding Services: UK Market Profile and Forecasts 2015 research report to the security industry intelligence collection of its online business research and data library.

The key reasons for growth of outsourced security guarding services market in UK are the resumption of prison and probation services outsourcing which is due to start in April 2015, and the positive impact of a recovering economy on the other two key segments: retail and airports, with increased prosperity likely to feed through to both growth in high-street retail sales and in numbers of air passengers. Complete research is available at http://www.reportsnreports.com/reports/328471-outsourced-security-guarding-services-uk-market-profile-and-forecasts-2015.html .

Increased market consolidation is also likely with a small number of very large companies becoming increasingly dominant. The nature of market growth, with many of the more attractive opportunities arising in areas where there are large contracts, supports this view.

The UK outsourced security guarding services market is not without risk, though. The most obvious is the potential for a change in government policy towards the outsourcing of prison and probation services. In the retail sector, if changes in store formats, such as the decline of the large supermarkets, were to occur more quickly than expected, the overall requirement for security could be lower. However, we note that there is also potential upside for the security industry. If the outsourcing of a range of policing activities, which now appears to be on hold, was to return to the agenda, we believe it could increase market revenues by up to 30%.

This market report reviews the provision of outsourced security guarding services in the UK. It quantifies the market size, historical growth rates, segmentation patterns and levels of industry profitability while reviewing key factors behind these figures. It also provides an in-depth analysis of the relevant drivers of industry growth - in particular trends in prisons and policing, air travel, retailing and development / deployment of CCTV and other security technologies - setting out historical trends and available forecasts. Forecasts for industry growth by segment are based on this analysis of historical trends and our understanding of growth drivers.

The security industry has been touched by several important trends, some of which are important across business services markets with others being related to even broader trends. These include:

- Growth of integated FM contracts



- Application of new technology and consequent reengineering of services

- Government spending cuts and outsourcing of services to achieve savings


- Increase in levels of security in airports and other sensitive locations

- Growth of internet retailing

In assessing the prospects of the market, it is important to think through what each of these trends means for the security industry and see how, and by how much, it may change in the light of them. That is the main objective of this report, Outsourced Security Guarding Services: UK Market Profile and Forecasts 2015, available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=328471 .

Security service providers, Manufacturers of security equipment, Purchasers of security, Facilities management groups, Investors, Banks, Consultants as well as Governments and regulatory bodies will equally benefit by reading this research. Information from multiple primary and secondary sources has been synthesised and presented clearly and concisely with extensive use of charts and tables to illuminate points and support conclusions.

Worldwide demand for private contract security services will increase 6.6% per annum to $331 billion in 2018. In general, demand for security services is driven by rising urbanization, the real and perceived risks of crime and terrorism, belief that public safety measures are insufficient, and growth of a middle class with assets to protect and the means to pay for supplementary security measures. The security service market will also be supported by an improved economic environment and building construction activity, notably in developed nations, some of which saw slowdowns late in the 2008-2013 period. This and more is available in another research on World Security Services Market to 2018, available with ReportsnReports.com.

The fastest gains will be posted in parts of Asia, Eastern Europe, Africa, and the Middle East, where security markets are relatively underdeveloped. Several national markets, including China, India, and South Africa, are expected to achieve double-digit annual growth through 2018. In many of these areas, the intensity of security service use (measured against indicators such as GDP and urban population) is relatively low, indicating significant growth potential going forward. Contract guarding will continue to be the largest type of security service, accounting for more than half of total revenues in 2018. This segment benefits from the minimal capital requirements for operation which, along with relatively low labor costs, make it the dominant security service in developing markets. Because this service is among the first established and licensed in many developing markets, it will also post the fastest gains through 2018, although alarm monitoring will also register rapid increases.

The considerably smaller residential market will post the fastest gains through 2018, driven by rebounds in residential construction in several countries and a high perceived risk of crime among residents in many areas. The growing middle class in many regions will also boost growth in the residential market by providing more people with assets to protect and the means to purchase various supplementary protections. This research profiles 36 industry players worldwide such as Brink's, G4S, Secom, Prosegur, Securitas & Tyco International and more. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=319902 .

Explore more reports on public sector and other industry profiles at http://www.reportsnreports.com/market-research/industry-profiles/ .

About Us:
ReportsnReports.com is an online market research reports library of 500,000+ reports and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers on a range of categories and industries.

Contact:  

Ritesh Tiwari / Priyank Tiwari

TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252

Tel:  +1-888-391-5441

[email protected]

Connect with Us: 

G+ / Google Plus: https://plus.google.com/u/0/111656568937629536321/posts  

Twitter: http://twitter.com/marketsreports

Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689

RSS / Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml


SOURCE ReportsnReports


[ Back To TMCnet.com's Homepage ]