How big is the Security Services Market?

The Security Services Market size is expected to reach USD 94.77 billion in 2024 and grow at a CAGR of 6.71% to reach USD 131.13 billion by 2029. Read More

What is the current Security Services Market size?

In 2024, the Security Services Market size is expected to reach USD 94.77 billion. Read More

Who are the key players in Security Services Market?

Trustwave Holdings, Inc, G4S Limited, Allied Universal, Securitas, Inc and Broadcom Inc. are the major companies operating in the Security Services Market. Read More

Which is the fastest growing region in Security Services Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Security Services Market?

In 2024, the Asia Pacific accounts for the largest market share in Security Services Market. Read More

What years does this Security Services Market cover, and what was the market size in 2023?

In 2023, the Security Services Market size was estimated at USD 88.41 billion. The report covers the Security Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Security Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Security Services Market Size & Share Analysis - Industry Research Report

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

The Security Services Market Report is Segmented by Service Type (Managed Security Services, Professional Security Services, Consulting Services, and Threat Intelligence Security Services), Mode of Deployment (On-Premise and Cloud), End-User Industry (IT and Infrastructure, Government, Industrial, Healthcare, Transportation and Logistics, Banking, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Security Services Industry Overview

The security services market is very competitive. The market is fragmented due to the presence of various small and large players. All the major players account for a significant market share and focus on expanding the consumer base. Some of the significant players in the market are Broadcom, Trustwave Holdings Inc., G4S Limited, Securitas Inc., Allied Universal, Unity Resource Group, Constellis, DSS Securitech Pvt. Ltd, and Fortra LLC. Companies are increasing their market share by forming multiple partnerships, collaborations, and acquisitions and investing in introducing new products to earn a competitive edge during the forecast period.

June 2024 - Darktrace, a company that provides cybersecurity AI, announced the launch of a new service offering, Darktrace Managed Detection & Response (MDR). With this launch, the company offers detection and response capabilities across the enterprise. This augment provides internal security teams with AI-powered threat containment and expert alert management across Darktrace environments.
January 2024 - Allied Universal announced the acquisition of the assets of J E Security Systems & Services Inc. With this acquisition, the company aims to expand its global strategy by providing customers with expanded security service offerings.