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.
