Middle East Manned Guard Security Markets, 2012-2017 & 2018-2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 16, 2019--
The “Middle East Manned Guard Security Market Outlook to 2022 - By Countries (Turkey, KSA, UAE, Iraq, Iran, Jordan, Israel, Qatar, Egypt, Kuwait, Oman), by Organized and Unorganized, by End Users” report has been added to ResearchAndMarkets.com’s offering.
This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for Manned Guard Security service providers, soft facility management companies, end users, government, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Middle East Manned guard Security Market
Market Size: Manned guard security industry in Middle East registered a single digit five year CAGR of during 2012-2017. The growth was mainly driven by infrastructure and real estate growth in commercial, government and residential segment. Technological innovations and increasing focus on internal security have resulted in adoption of high level security by the end users.
By End User
The market is dominated by demand from commercial building, which has a majority of share in the Middle East Manned Guard Security Market. Government buildings also have a significant share of the market. Residential sector have the lowest share in the market which is primarily due to the low adoption of manned guard security service in the market.
Central region of Middle East is the biggest market for manned guard security service accounting for majority of the market in 2017, followed by Northern and Eastern region. Rapid infrastructure growth and consolidation of the market due to government regulations are the major reason behind high demand for manned guard security in the region.
By Market Structure
The market is also segmented based on type of market structure. It is categorized into organized and unorganized sector. Among this segmentation organized sector acquires the lion share; this is due to government tightening of government regulations in countries such as UAE and KSA.
The providers of manned guard security service in Middle East sell their offerings to end users directly. The report focuses on discussing the competitiveness of major service providers existing in the market. The market is evenly divided among global and regional players with regional players using the knowledge of local conditions to their benefit in order to compete with the global players who have large resources. The report clarifies the parameters to differentiate one competitors from others and measures through which each company can be evaluated from the perspective of end users.
United Arab Emirates: The manned guard security service in UAE grew by single digit from 2012-2017. Large infrastructure growth and large number of events are the major growth market in the country. It is among the most developed manned guard market in the Middle East region. Both domestic and international players are active participants in the market. It is expected that increased intervention of electronic security and close human interaction will create increased demand for high value guards who are technically sound with good knowledge of English language and well versed in etiquette behavior.
The market for manned guard security in the region is estimated to grow by single digit five year CAGR from 2017 to 2022. This market will be primarily driven by real estate growth in commercial sector which will acquire majority of market share by 2022. Organized sector will continue its dominance as the size of unorganized sector is expected to diminish. Central and Northern region will drive majority of demand in the future.
Key Topics Covered in the Report
- Al Thuraya
- Arabian Gulf
- Guard Force
- Hawk Security
- Jond Security
- Royal Falcon
For more information about this report visit https://www.researchandmarkets.com/r/2fef41
View source version on businesswire.com:https://www.businesswire.com/news/home/20190516005578/en/
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Related Topics:Security Services
KEYWORD: MIDDLE EAST
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/16/2019 08:29 AM/DISC: 05/16/2019 08:29 AM