The private security services market is projected to grow by $56.33 billion between 2021 and 2026, with a compound annual growth rate (CAGR) of 4.81% during this period, according to a Technavio report. In the United States, the market size for security companieshas significantly expanded since 2014, reaching nearly $52 billion in 2022. The outsourced contract security industry alone employed approximately 830,000 security guards, highlighting the vast scale of the security market. Notably, Vanta, the fastest-growing private security company, saw its revenue increase by over 13,000% last year.
A significant trend driving the growth of private security services is the increasing popularity of virtual security systems. These systems are recognised as a cost-effective method for deterring and reducing criminal activities compared to deploying large numbers of manned guards. Virtual security systems are crucial for small businesses that require security services and are commonly used in retail security, construction security, residential complex security, parking lot security, hotel security, and government institution security. However, the private security sector faces a shortage of skilled personnel, impacting its financial health. Despite the aid of virtual security systems, the expansion of private security services remains heavily reliant on manned security services.
Top 11 Security Companies in the World
What is the largest security company in the world? The following is a list of the top 11 security companies in the world ranked by revenue and growth potential.
G4S plc: G4S is a multinational security services company based in the United Kingdom. It offers a wide range of security solutions, including manned guarding, electronic security, cash handling, and risk consulting.
Securitas AB
Securitas AB ranks 2nd on this list of the top 10 largest security companies in the world, with revenues of USD 9.23 billion generated last fiscal year.
Securitas is the world’s leading intelligent security services provider. Our current strategy relies on almost 90 years of experience in leading the transformation of the security industry by putting our clients at the heart of our business.
Securitas AB is a security service, monitoring, consulting and investigation group based in Stockholm, Sweden. The company has over 300,000 employees in 53 countries worldwide.
Founded: 1934
Securitas AB Headquarters: Stockholm, Sweden
Securitas AB Revenue: USD 9.23 billion
Chubb Fire & Security
Founded in 1818 by English brothers and lock makers Charles and Jeremiah Chubb, Chubb Fire & Security began with the patenting of the Chubb detector lock. The company introduced its first safe in 1835 and expanded to the USA in the 1870s, responding to a spate of violent bank robberies by producing a time lock for vault and safe doors. In 2000, Chubb sold its lock division to focus on security systems.
Since 2003, Chubb has been owned by the U.S. multinational conglomerate United Technologies Corporation, and it operates globally. In the UK, services include mobile patrols, remote surveillance and response, and key holding. In South Africa, the firm provides armed response teams, electric fencing, and the Chubb911 24-hour emergency hotline. In Australia, Chubb also offers a cash-in-transit service.
ADT
ADT is the largest security company in the USA with revenues of USD 5.13 billion generated last fiscal year. ADT is an American company that provides residential, small, and large business electronic security, fire protection, and other related alarm monitoring services throughout the United States. With headquarters located in Boca Raton, Florida, ADT also has over 18,000 employees. In 2016, ADT was acquired by Apollo Global Management for $6.9 billion in a leveraged buyout, who is now the parent company.
Allied Universal
Allied Universal is a leading security and facility services company based in the United States. It offers a comprehensive range of security services, including manned guarding, technology solutions, and risk consulting.
Prosegur Compañía de Seguridad, S.A.
Prosegur is a prominent multinational private security company employing 150,000 staff across Europe, Asia, Oceania, and Latin America. Established in 1976 and headquartered in Madrid, Prosegur provides a wide range of services, including manned guarding, home security, fire defence, and security technology and consulting. As Spain’s largest private security firm, Prosegur made history in 1987 as the first company of its kind to be listed on the Madrid Stock Exchange. In 2011, the firm reported earnings of $233.748 million.
Renowned for its cash-in-transit services, Prosegur operates a fleet of over 4,700 armoured vans, providing essential services to banks worldwide. The company’s technology offerings include CCTV monitoring, access control, and anti-intrusion and perimeter detection systems. Prosegur’s guarding services encompass armed and unarmed guards, K-9 units, and VIP protection, ensuring comprehensive security solutions for a variety of needs.
Brinks Home Security
Brinks Home Security, formerly known as MONI Smart Security, is a leading provider of home security systems and monitoring services in North America. It offers security solutions for residential and small business customers.
Bosch Security Systems
Bosch Security Systems is a division of the Bosch Group and provides a wide range of security and safety products globally. Their offerings include video surveillance, intrusion detection, access control, and fire detection systems.
Secom Co., Ltd.
Secom is a Japanese security services company that operates globally. It provides services such as manned guarding, electronic security, fire protection, and medical assistance.
Tyco International (now part of Johnson Controls)
Tyco International was a multinational security company that merged with Johnson Controls in 2016. They offered security solutions, including fire detection, access control, video surveillance, and integrated systems.
11. CACI International Inc.
CACI International Inc. is an American multinational professional service and information technology company headquartered in Northern Virginia. The company provides services to many branches of the US federal government including defense, homeland security, intelligence, and healthcare, earning its first contract in 1963 to research and simulate inventory operations for the U.S. Navy’s Ships Parts Control Center. With a presence in over 120 locations worldwide and employing more than 23,000 people, CACI International Inc. plays a vital role in US national security.
12. Unity Resources Group
Unity Resources Group is a global provider of risk management, security, and support services to governments, multinational corporations, and private clients worldwide. Founded in 2000 as an International Advisory Consultancy and headquartered in Dubai, United Arab Emirates, the company has operations in over 25 countries and a workforce of more than 1,500 employees. The company offers a variety of services, including risk assessments, security consulting, security training, and security operations in addition to specialized services such as mine clearance, explosive ordnance disposal, and canine security.
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