Confidential & Proprietary | 2024 CBRE Inc.

Segments Serviced In CBRE

Global Industry Spend 

Security Services within CBRE encompasses the following areas:

  • Retail

  • Commercial

  • Industrial

  • Office

  • Healthcare

  • Entertainment

  • Banking

SS-005 Ver 1.0 (May 23)

Global Market Dynamics

Global Market Trends

Global Security Services Market Maturity​

Integrated Security Services Adoption Rate

AMERS                                          Med-High

EMEA                                            Med High

APAC                                             Medium

Maturity of Service Providers

AMERS                                          High

EMEA                                             High

APAC                                             Med High

Market Size                                   USD$ 326 B (2020)

Market- 5 year forecast               USD$ 425 B

Market Growth Rate                     CAGR 5.89 %

Leading Global Providers            Allied Universal / G4S

                                                        Securitas

                                                        Prosegur

                                                        Gardaworld

Typical Costing Models               Cost Plus / Fixed Price

Emerging / Trending                    Regional / Global contracting

                                                        Hybrid Security offerings

Typical Contract Periods             3 years, Max 5 years

  • Service Provider Expanded Responsibility:
    Manned security personnel are being trained across a variety of tasks, such as detection and disposal of suspicious parcels, chemical spills, public demonstrations, verbal or physical conflicts, and terrorist threats as well as more technical security activities
  •  Businesses Want Solutions That Reduce Operating Costs:                   The cost of doing business continues to rise and many companies are taking a hard look at their finances as profit margins narrow. Inflation is at a 40-year high, industries are still grappling with global supply chain issues, ongoing semiconductor chip shortages, and a tight labor market
  • Switching from Manned to Electronic Security :
    Technical security solutions are in a growth phase. Remote monitoring comes with the need for distant or remote patrolling / virtual patrolling and is based on the Video Management Software (VMS) by solutions providers; hence, this will be a technical shift in the future
  • More Focus on Video Analytics:
    The security industry has started to develop video analytics software that works in a similar way to software that analyzes numerical and text
    data. Instead of having a person to work through video footage, the software can work in real time to help make quick and informed
    decisions. This would help professionals address several challenges such as facial recognition, forensic analysis and perimeter protection
  •  AI-based analytics become standard at the edge:                                              2023 will see significant adoption of AI-based analytics in cameras and video management systems (VMS) as more manufacturers provide this feature within their standard camera lines. There are simply too many camera streams for humans to monitor effectively, so AI-based analytics will be a catalyst that enables security departments to do more with less
  • Privacy Protection Key Issue with Renewed Momentum:
    With GDPR setting the example in Europe, concern over personal privacy continues to grow with varying degrees of compliance required by industry. 2023 may see the U.S. enact a GDPR-like data privacy law at the federal level
  • An important point to note is the The National Defense Authorization Act (NDAA) which prohibits the use of equipment manufactured by a limited set of Chinese manufacturers. This effects overall purchase costs to the end consumer limiting equipment availability for electronic components for Security operations.  Whilst this is US centric it impacts certain Clients who have Global operations due to their company mandates

Key Takeaway

  • The rising social insecurity in the recent times is prompting owners and new property buyers to be more proactive in securing their premises
  • Technology now plays a huge role in reducing the labor required to provide traditional Manned Guarding" services. Increasing the investment in unmanned guarding will reduce the cost of services as it is directly related to the labor cost and in many markets (Minimum Wage)
  • The adoption of technology which requires high capital investment is limited to the mature markets and is making slow inroads in the developing regions
  • Emerging technologies - especially drones - are getting more and more attention in the private security industry. Drones are becoming more common for various security services but will likely make a significant impact for another few years, but other technologies like Artificial Intelligence are already gaining popularity
  • GPS functionality is aiding supervisors to stay up-to-date on operational movements
  • The growing instances of cybercrime and fraudulent activities represent one of the major factors positively influencing organizations to install advanced security systems for preventing malicious threats and potential security breaches, which can have a massive impact on the financial health of businesses
  • IT security finds widespread adoption in the energy sector to meet the emerging needs for uninterrupted power supply across the globe
  • Security equipment used by guards has also undergone major developments, such as vapor tracer, which enables detection and identification of all types of
    vapors and traces of organic, biological, and chemical compounds correctly and in brief time

    Key Market players

    Security key market players globally cover the following:

    • Allied Universal / G4S

    • Securitas
    • Prosegur
    • Gardaworld
    • Peregrine
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