Market Size of Middle East Manned Security Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.78 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Middle-East Manned Security Services Market Analysis
The Middle East Manned Security Services market is expected to grow with a CAGR of 7.78% during the forecast period (2022-2027). Manned security includes the employment of security workers or guards who have been specifically trained to protect people, assets, and property by discouraging crime, unauthorized entrance, and assault. The expansion in industrial, commercial, and residential infrastructure and an increase in the frequency of burglaries and criminal incidents are expected to drive growth in the Middle East manned security services market.
- The Middle East has experienced significant growth and development in recent years, resulting in excellent living conditions for individuals and rising threats to their lives and property. As a result, the region is seeing an upsurge in crime, terrorism, and cross-border crime, necessitating the need for human protection.
- One of the primary factors driving the growth of the manned guarding market is the rise in global security concerns. The market is growing due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security. Moreover, the rising security concerns across the globe are further expected to propel market growth. The market is further growing due to an increase in demand for international travel as a result of greater globalization, as well as an increase in the demand for border patrol personnel and airport security.
- Moreover, demand for Manned Guard security services will be predominantly driven by group housing, flats, and commercial infrastructure in both the private and public sectors. These industries have exploded in popularity in the Middle East during the last few years. During the projection period, the use of technology in manned security solutions is expected to increase. As more competent and educated guards are needed who can learn quickly and adapt to new technology, wages may climb.
- The pandemic of COVID-19 has had a significant influence on the market. The demand for manned security services was reduced during the early stages of the pandemic due to lockdowns. Still, the need for security personnel to monitor and regulate people entering private properties and hospitals to prevent the spread of Covid-19 grew, increasing demand for manned security services.
Middle-East Manned Security Services Industry Segmentation
Mannned security services primarily refer to personnel and equipment used to maintain the defenses of commercial, industrial, and residential complexes. Furthermore, it involves deploying human personnel to guard assets and properties within a facility. It provides continuous monitoring and handling of intrusion detection systems and firewalls, enables security checks and audits, and responds to emergencies.
The Middle East Manned Security Services Market is Segmented by End-User (Commercial, Industrial, and Multi-house Residential) and by Geography (UAE, Saudi Arabia, Qatar, and the Rest of the Middle East (Egypt, Rest of GCC, etc.))
By End-user | |
Commercial | |
Industrial | |
Multi-house residential |
By Geography | |
UAE | |
Saudi Arabia | |
Qatar | |
Rest of Middle-East |
Middle East Manned Security Services Market Size Summary
The Middle East Manned Security Services market is poised for significant growth, driven by the region's expanding industrial, commercial, and residential infrastructure, alongside a rise in criminal activities. The demand for manned security services is bolstered by increasing global security concerns, the need for enhanced border and airport security, and the proliferation of international travel. The market is further supported by the growing necessity for security in group housing, flats, and commercial infrastructure, which have seen a surge in popularity. The integration of technology into manned security solutions is expected to enhance the effectiveness of these services, necessitating more skilled and adaptable security personnel.
The market landscape is moderately fragmented, with several key players holding substantial market shares. The high cost of entry presents a significant barrier to new entrants, ensuring that established companies like G4S Middle East, Transguard Group, and Arabian Security & Safety Services Co. Limited maintain a strong presence. The demand for manned security services is particularly pronounced in commercial, government, and residential sectors, where the need for qualified security professionals is critical to preventing theft and ensuring safety. The market's growth is also influenced by stringent government regulations, the rise of remote work trends, and the increasing frequency of security breaches and cyberattacks.
Middle East Manned Security Services Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness-Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Key market trends and share of e-commerce of total Retail sector
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1.4 Impact of COVID-19 on the e-commerce sales
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2. Market Segmentation
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2.1 By End-user
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2.1.1 Commercial
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2.1.2 Industrial
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2.1.3 Multi-house residential
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2.2 By Geography
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2.2.1 UAE
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2.2.2 Saudi Arabia
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2.2.3 Qatar
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2.2.4 Rest of Middle-East
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Middle East Manned Security Services Market Size FAQs
What is the current Middle East Manned Security Services Market size?
The Middle East Manned Security Services Market is projected to register a CAGR of 7.78% during the forecast period (2024-2029)
Who are the key players in Middle East Manned Security Services Market?
Arabian Security & Safety Services Co. Limited, G4S Middle East, Spark Security Services , Transguard Group, Hemaya Security Services, Vanguards Safety & Security Services, Jond Security, Royal Falcon and Sharaf Din Group of Companies are the major companies operating in the Middle East Manned Security Services Market.