Manned guard security industry in Middle East registered a single digit five-year CAGR of throughout the period of 2012-2017. The growth was majorly propelled by infrastructure and real estate growth in commercial, government and residential segment. Technological innovations and augmenting focus on internal security have resulted in implementation of high-level security by the end users.
According to the report analysis, ‘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 (Commercial Buildings, Government Buildings, and Residential Units)’ states that the providers of manned guard security service in Middle East sell their proposing to end users directly. The report aims on discussing the competitiveness of key service providers prevailing in the market. The market is evenly divided among international and regional players with regional players utilizing the knowledge of local conditions to their advantage in order to compete with the international players who have large resources. The report clarifies the parameters to discriminate one competitor from others and measures through which each company can be appraised from the perspective of end users.
The manned guard security service in UAE developed by single digit from 2012-2017. Large infrastructure growth and large number of events are the key growth market in the country. It is among the most improved manned guard market across the Middle East region. Both domestic and international players are vigorous participants in the market. It is projected that augmented intervention of electronic security and close human interaction will create augmented demand for high value guards who are technically sound with good information of English language and well versed in the etiquette behaviour.
Based on the end users, the market is registered by requirement from commercial building, which has a majority of share in the Middle East Manned Guard Security Market. Government buildings also have a proficient share of the market. Residential sector has the lowest share in the market which is commonly due to the low implementation of manned guard security service in the market.
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On the basis of region, the Central region of Middle East is the greatest market for manned guard security service registering for majority of the market during 2017, followed by Northern and Eastern region. Speedy infrastructure growth and consolidation of the market owing to government regulations are the key reason behind high requirement for the manned guard security in the region.
The market for manned guard security in the region is projected to develop by single digit five-year CAGR from 2017 to 2022. This market will be primarily propelled by real estate growth in commercial sector which will obtain the majority of market share by 2022. Organized sector will endure its dominance as the size of unorganized sector is predicted to diminish. Central and Northern region will drive majority of requirement in the future.
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Middle East Manned Guard Security Market Major Players
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