How Has the Investigation And Security Services Market Size Evolved in Recent Years?
The investigation and security services market has seen considerable growth due to a variety of factors.
• The market size for investigation and security services has seen considerable growth in the past few years. It is projected to rise from $358.58 billion in 2024 to $390.53 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.9%.
Factors such as advancements in medical technology, an aging population, the popularity of home healthcare services, expansion of hospitals and healthcare facilities, and regulatory standards have contributed to the historical growth.
What Are The Predictions for The Investigation And Security Services Market in the Coming Years?
The investigation and security services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for investigation and security services is predicted to experience significant growth in the forthcoming years, skyrocketing to $530.89 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 8.0%.
This predicted surge during the forecast period is largely due to factors such as rising cases of chronic diseases, technological advancements, home infusion services, telehealth, and remote monitoring. Key trends that are expected to make a mark during the forecast period encompass smart infusion pumps, home infusion therapy, precision medicine, personalized infusion, as well as wireless and remote monitoring.
Which Drivers Are Accelerating Growth In The Investigation And Security Services Market?
The growth of the investigation and security services market is anticipated to be driven by the rising incidence of cybercrimes. Cybercrimes, which are also referred to as internet or computer crimes, are illegal activities involving the use of digital technology, networks, or computer systems. These services play a crucial role in addressing and reducing the effects of cybercrimes, providing a comprehensive strategy for prevention, detection, resolution, and recuperation. For example, Embroker Insurance Services LLC, a US insurance firm, predicted in June 2023 that IoT cyber assaults will double by 2025. Furthermore, the Australian Cyber Security Center, a government agency based in Australia, reported in their Annual Cyber Threat Report 2021-2022 that Australia registered an astonishing 76,000 cybercrime reports in 2022. This was a 13% increase compared to the prior financial year. As such, the surge in cybercrimes is fueling the demand for investigation and security services in the market.
What Are The Core Segments Of The Global Investigation And Security Services Market?
The investigation and security services market covered in this report is segmented –
1) By Type: Investigation, Guard, Armored Car Services, Security Systems Services
2) By Deployment Type: On-Premise, Cloud
3) By Application: IPS And IDS, Distributed Denial of Services (DDoS), Unified Threat Management (UTM), Secured Information And Event Management (SIEM), Endpoint Security, Firewall management, Other Applications
Subsegments:
1) By Investigation: Private Investigations, Corporate Investigations, Criminal Investigations, Background Checks, Fraud Investigations
2) By Guard: Uniformed Security Guards, Concierge Security Services, Event Security, Executive Protection, Armed Guards, Unarmed Guards
3) By Armored Car Services: Cash-in-Transit, ATM Services, Precious Metals Transportation, Valuables and High-Value Goods Transport
4) By Security Systems Services: Video Surveillance Systems, Alarm Monitoring Services, Access Control Systems, Fire Safety Systems, Intruder Detection Systems
Pre-Book The Investigation And Security Services Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Investigation And Security Services Market?
Leading firms active in the investigation and security services market are adopting innovative solutions like the New QRadar Security Suite that employs artificial intelligence, in order to increase their market income. Security systems empowered by artificial intelligence use AI approaches and tools to improve numerous facets of cyber security, threat recognition, and response. For example, IBM, an American technology organization, launched the New QRadar Security Suite in April 2023. This suite, with its cutting-edge AI and automation features, aids security analysts in effectively investigating high-priority incidents, identify and examine threats automatically, as well as recognizing elusive attacks and signs of compromise across their platforms.
Who Are the Key Players In The Investigation And Security Services Market?
Major companies operating in the investigation and security services market include:
• Securitas AB
• G4S plc
• Secom Co. Ltd.
• ADT Corporation
• Prosegur
• The Brink's Company
• GARDA WORLD
• Loomis AB
• ISS A/S
• Nippon Express Co. Ltd.
• Allied Universal Security Services
• Brink's Company
• Prosegur Compania de Seguridad S A
• GardaWorld Corporation
• Protection One Alarm Monitoring Inc.
• Stanley Convergent Security Solutions Inc.
• Tyco Integrated Security LLC
• SecurAmerica LLC
• Andrews International LLC
• Pinkerton Consulting & Investigations Inc.
• Hillard Heintze LLC
• Kroll Associates Inc.
• Control Risks Group Holdings Ltd.
• AS Solution North America Inc.
• Gavin de Becker & Associates LP
• Blackwater Worldwide
• Triple Canopy Inc.
• International Intelligence Limited
• Unity Resources Group
• Control Risks Group
• Aegis Defence Services Limited
• Olive Group FZ LLC
• DynCorp International LLC
• Kellogg Brown and Root Inc.
• Signum Investigations & Protective Services Ltd.
What Are The Regional Insights Into The Investigation And Security Services Market?
Asia-Pacific was the largest region in the investigation and security services market in 2023. North America was the second-largest region in the investigation and security services market. The regions covered in the investigation and security services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
