North America Security Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Security Services Industry Overview

The North American security services market is fragmented due to the presence of various small and large players. All the major players account for a significant share of the market and are focusing on expanding the consumer base in the region. Some of the significant players in the market are Trustwave Holdings Inc., Securitech Security Services, Palo Alto Networks, GardaWorld, G4S Limited, SOS Security Systems, Diebold Nixdorf, and Broadcom Inc. Companies are increasing the market share by forming multiple partnerships, collaborations, and acquisitions and investing in introducing new products to earn a competitive edge between 2024 and 2029.

• July 2023 - Artificial Intelligence Technology Solutions Inc. entered into a strategic partnership with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD) and GardaWorld Security Systems. This partnership will enable RAD to deploy AI-enabled robotic devices across Canada. RAD's products are an ideal complement to existing physical security customers, providing them with a cost-effective and AI-powered solution to improve situational awareness through remote video monitoring. These products are designed to facilitate the detection of threats and events, including firearms, through automated and bi-directional voice communication.
• March 2023 - Trustwave partnered with Trellix to provide enhanced managed security services. The terms of the partnership stipulate that Trustwave will provide end-to-end security support for Trellix and offer MDR (Managed Detection and Response) services in collaboration with the security platform. Trustwave MDR, as provided by Trustwave, functions as a remote, external security operations center. Given the increasing complexity of modern security threats, the goal is to enable end-user companies to offload critical components of their security infrastructure. This measure is especially pertinent for mid-size companies, where the number of in-house security personnel may be less extensive.