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Driven mainly by heightened fears of terrorism, an increase in the rate of crime, and economic growth in developing nations, revenues from the global Manned Guarding Services (inclusive of static guarding and cash-in-transit services) market are poised to $95 billion by the year 2010.
Global alarm monitoring services market is expanding mainly due to rising concerns about crime and panic generated by 9/11 attacks and increasing sophistication and lower cost of security systems. Demand for fire and intrusion alarms is increasing due to rising awareness levels.
Driven mainly by heightened fears of terrorism, an increase in the rate of crime, economic growth in developing nations, and mandatory legislations, sales in the worldwide market for electronic security systems are poised to exceed US$44 billion by the end of the year 2010.
With growing need for the companies to safeguard their networks and new legislations on information security underway, demand for managed security services (MSS) is on the rise. World MSS market is expected to be worth US$4.8 billion in 2013.