INDUSTRY OVERVIEW

The Way We Move

The worldwide private security industry was approximately 96 billion U.S. dollars in size way back in 2013 and statistics has it the largest share of this market was held by Europe at almost 30 percent, then followed by Asia (with the exception of Japan) and North America. The income of the private security industry was set to reach an estimate of about 25 billion in U.S. dollars in the United States in 2014. Security Alarm Services alone in the United States of America generated a whopping sum of 17 billion U.S. dollars per year between 2008 and 2014. It is on record that in 2013, the money generated by the global security technology and related services market rose just over 67 billion U.S. dollars and was projected to reach an estimate of about 86 billion by the year 2016. Statistics also has it that the global spending on ICT related security services was set to reach approximately 50 billion U.S. dollars in 2015.

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NEWS

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