According to the research report ‘Global Security Services Market (2021 Edition) - Analysis By Services Type (Manned Guarding, Alarm Monitoring, Cash Logistics, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global security services market was worth USD 240.18 billion in 2020 and is anticipated to expand sizably through 2026.

Reliable estimates suggest that rapid urbanization, increasing product demand for alarm monitoring and building automation systems in order to safeguard assets in urban middle-class households, along with flourishing construction activities in emerging economies are the major growth determinants for global security services market.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4331011/  

Furthermore, growing technological advancements in computer hardware & software, electronics, and sensors, as well as adoption of smart security devices, along with growing internet penetration and adoption by individuals to get real-time monitoring of their homes and offices are expected to augment the industry outlook in the coming years.

Notably, increasing usage of smartphones among millennials owing to presence of features like direct pairing and single button alarm activation is further contributing towards market remuneration.

Based on services type, the market is divided into cash logistics, alarm monitoring, manned guarding, and others. In terms of end user, the industry is branched into government, residential, and commercial. Among these, the government segment is gaining traction at present, owing to increased spending of government on security and video surveillance systems as a crime prevention strategy in public places and infrastructure because of rising incidences of security breach.

Regionally speaking, U.S. and Europe markets holds major revenue shares at present. Whereas China and India industry are anticipated to grow at a rapid face during the stipulated timeframe.

Speaking of competitive arena, Loomis, Siemens AG, Johnson Controls International, Security and Intelligence Services (India) Limited (SIS), SECOM Co. Ltd., ADT Corporation, Securitas AB, Brink's Incorporated, Prosegur Compañía de Seguridad S.A., and G4S are the leading players influencing the worldwide security services market dynamics.