Key Takeaways
- In 2023, the global private security services market size reached USD 248.1 billion, with a projected CAGR of 6.1% from 2024 to 2030.
- The U.S. security services industry revenue totaled $53.7 billion in 2023, up 2.5% from the previous year.
- Europe's private security market was valued at EUR 109 billion in 2022, expected to grow at 4.8% annually through 2028.
- U.S. BLS reports 3,485 security guard establishments in 2023.
- Worldwide, over 5.5 million private security guards employed in 2023.
- U.S. security guards employment totaled 1,115,000 in May 2024.
- U.S. security guard hourly wage average $17.50 in May 2024.
- Global average security guard salary $25,000 annually in 2023.
- U.K. security guard average salary GBP 25,000 per year in 2024.
- 65% of security firms adopted AI surveillance by 2023.
- Drone usage in security patrols up 28% globally in 2023.
- Biometric access control systems grew 15% in installations 2023.
- U.S. requires 8-hour training for unarmed guards in NY.
- 75% of U.S. states mandate security guard licensing in 2024.
- U.K. SIA license required for all guards, 95% compliance 2023.
The global security guard industry is growing rapidly and employs millions worldwide.
Employment Statistics
- U.S. BLS reports 3,485 security guard establishments in 2023.
- Worldwide, over 5.5 million private security guards employed in 2023.
- U.S. security guards employment totaled 1,115,000 in May 2024.
- U.K. has 350,000 private security personnel as of 2023.
- India employs 7.2 million security guards, 15% of global total in 2023.
- Australia security industry workforce 120,000 in 2023.
- South Africa private security employs 580,000 people, more than police force.
- Canada 85,000 security guards employed in 2023.
- Germany 250,000 security professionals in 2023.
- Brazil security guard workforce 700,000 in 2023.
- France private security employs 170,000 guards in 2023.
- China has approximately 5 million security guards in 2023.
- Japan security industry 1.2 million personnel in 2023.
- U.S. security guard jobs projected to grow 6% from 2023-2033.
- 15% of U.S. security guards are women as of 2024.
- Average age of U.S. security guards is 45 years in 2023.
- 25% of global security guards work part-time in 2023.
- U.K. security workforce turnover rate 22% annually in 2023.
- India security guard shortage of 2 million workers in 2023.
Employment Statistics Interpretation
Market Size and Growth
- In 2023, the global private security services market size reached USD 248.1 billion, with a projected CAGR of 6.1% from 2024 to 2030.
- The U.S. security services industry revenue totaled $53.7 billion in 2023, up 2.5% from the previous year.
- Europe's private security market was valued at EUR 109 billion in 2022, expected to grow at 4.8% annually through 2028.
- Asia-Pacific security guard services market grew by 7.2% in 2023, reaching USD 45.6 billion.
- In 2024, the North American manned guarding market is forecasted to hit CAD 12.5 billion.
- Global security guard industry expected to expand from $220 billion in 2022 to $365 billion by 2032 at 5.2% CAGR.
- U.K. security industry market size stood at GBP 7.2 billion in 2023, with 3.1% growth YoY.
- India's private security market valued at INR 1.2 trillion in FY2023, growing 12% annually.
- Australian guarding services revenue reached AUD 8.9 billion in 2023-24.
- Latin America security services market projected to grow from $15.4 billion in 2023 to $24.1 billion by 2030.
- Middle East & Africa private security market size was $18.7 billion in 2023, CAGR 5.9% to 2030.
- China's security guard services market hit CNY 500 billion in 2023.
- Canada security guard industry revenue $4.8 billion CAD in 2023.
- South Africa private security market valued at ZAR 50 billion in 2023.
- Brazil security services industry grew 6.4% to BRL 35 billion in 2023.
- Germany security market size EUR 15.2 billion in 2023.
- France private security sector revenue EUR 12.8 billion in 2022.
- Japan guarding services market JPY 1.1 trillion in FY2023.
- U.S. contract security guard market $28.4 billion in 2023.
- Global manned security services segment dominated with 65% market share in 2023.
Market Size and Growth Interpretation
Regulations and Safety
- U.S. requires 8-hour training for unarmed guards in NY.
- 75% of U.S. states mandate security guard licensing in 2024.
- U.K. SIA license required for all guards, 95% compliance 2023.
- Australia state-based licensing covers 100% of guards.
- India PSARA Act mandates training for 100 hours minimum.
- Canada provinces require 40-hour training courses average.
- South Africa PSiRA registration for all guards, 600k licensed.
- EU Directive 2014/24 mandates guard vetting standards.
- U.S. security guard injury rate 2.1 per 100 workers 2023.
- Global guard assault rate 15% annually reported 2023.
- OSHA fines for security firms averaged $14,500 in 2023.
- U.K. guard training includes conflict de-escalation mandatory.
- Brazil requires CPF background check for guards.
- 90% of firms conduct annual safety audits per ISO 18788.
Regulations and Safety Interpretation
Revenue and Financials
- U.S. security guard hourly wage average $17.50 in May 2024.
- Global average security guard salary $25,000 annually in 2023.
- U.K. security guard average salary GBP 25,000 per year in 2024.
- Australia security officer median wage AUD 28/hour in 2023.
- India security guard average monthly salary INR 15,000 in 2023.
- Canada security guard average hourly $18.50 CAD in 2023.
- South Africa security guard salary ZAR 8,000/month average 2023.
- Germany security guard average EUR 2,800 gross monthly in 2023.
- Brazil security guard monthly salary BRL 2,200 average 2023.
- U.S. top 10% security guards earn over $32/hour in 2024.
- Global security industry profit margins average 8.5% in 2023.
- U.S. security firms average EBITDA margin 12% in 2023.
- U.K. security companies revenue per employee GBP 85,000 in 2023.
- India security firm average profit 10% of revenue in FY2023.
- Australia guarding firms cost per guard AUD 55,000/year.
- 40% of U.S. security revenue from contracts over $1M in 2023.
- Global security services outsourcing rate 75% in 2023.
- U.S. residential security contracts average $5,200 annually per client.
- Corporate security budgets grew 5% to $15B in U.S. 2023.
- Event security hourly rates average $45/guard in U.S. 2024.
Revenue and Financials Interpretation
Trends and Technology
- 65% of security firms adopted AI surveillance by 2023.
- Drone usage in security patrols up 28% globally in 2023.
- Biometric access control systems grew 15% in installations 2023.
- 52% of guards use body-worn cameras in U.S. 2024.
- Cybersecurity integration in physical security rose 40% in 2023.
- Robotic security guards deployed in 12% of large facilities 2023.
- Mobile patrol apps used by 70% of firms in Europe 2023.
- Facial recognition tech in security up 22% adoption 2023.
- IoT sensors for perimeter security grew 18% shipments 2023.
- VR training for guards adopted by 25% of large firms 2023.
- Cloud-based security management systems 55% market penetration 2023.
- Predictive analytics reduced incidents by 30% in pilots 2023.
- 35% increase in remote monitoring services 2023.
- Blockchain for guard verification trialed in 8% firms 2023.
- 5G enabled real-time video analytics in 20% urban deployments.
Trends and Technology Interpretation
Sources & References
- Reference 1GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 2IBISWORLDibisworld.comVisit source
- Reference 3STATISTAstatista.comVisit source
- Reference 4MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 5MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 6ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 7IBISWORLDibisworld.co.ukVisit source
- Reference 8IBISWORLDibisworld.com.auVisit source
- Reference 9FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 10RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 11PWCpwc.co.zaVisit source
- Reference 12ABESEabese.org.brVisit source
- Reference 13BDSVbdsv.deVisit source
- Reference 14JSDAjsda.or.jpVisit source
- Reference 15ASISONLINEasisonline.orgVisit source
- Reference 16BLSbls.govVisit source
- Reference 17IFSECGLOBALifsecglobal.comVisit source
- Reference 18BSIAbsia.org.ukVisit source
- Reference 19CENTRALSTAFFINGcentralstaffing.co.inVisit source
- Reference 20ASIALasial.com.auVisit source
- Reference 21SAPSsaps.gov.zaVisit source
- Reference 22STATCANstatcan.gc.caVisit source
- Reference 23FENAVISTfenavist.org.brVisit source
- Reference 24CNAPScnaps.securite.interieur.gouv.frVisit source
- Reference 25MPSmps.gov.cnVisit source
- Reference 26COESScoess.orgVisit source
- Reference 27TIMESOFINDIAtimesofindia.indiatimes.comVisit source
- Reference 28SALARYEXPERTsalaryexpert.comVisit source
- Reference 29GLASSDOORglassdoor.co.ukVisit source
- Reference 30ABSabs.gov.auVisit source
- Reference 31AMBITIONBOXambitionbox.comVisit source
- Reference 32JOBBANKjobbank.gc.caVisit source
- Reference 33PAYSCALEpayscale.comVisit source
- Reference 34GEHALTgehalt.deVisit source
- Reference 35SALARYEXPLORERsalaryexplorer.comVisit source
- Reference 36ICRAicra.inVisit source
- Reference 37SIAONLINEsiaonline.orgVisit source
- Reference 38GARTNERgartner.comVisit source
- Reference 39SECURITYGUARDTRAININGCENTRALsecurityguardtrainingcentral.comVisit source
- Reference 40POLICE1police1.comVisit source
- Reference 41ROBOTSECURITYMARKETrobotsecuritymarket.comVisit source
- Reference 42JUNIPERRESEARCHjuniperresearch.comVisit source
- Reference 43IDCidc.comVisit source
- Reference 44TRAININGINDUSTRYtrainingindustry.comVisit source
- Reference 45MCKINSEYmckinsey.comVisit source
- Reference 46SECURITYMAGAZINEsecuritymagazine.comVisit source
- Reference 47ERICSSONericsson.comVisit source
- Reference 48DOSdos.ny.govVisit source
- Reference 49NASInasi.orgVisit source
- Reference 50GOVgov.ukVisit source
- Reference 51PSARApsara.gov.inVisit source
- Reference 52JUSTICEjustice.gc.caVisit source
- Reference 53PSIRApsira.co.zaVisit source
- Reference 54EUR-LEXeur-lex.europa.euVisit source
- Reference 55IFPOifpo.comVisit source
- Reference 56OSHAosha.govVisit source
- Reference 57SIAsia.homeoffice.gov.ukVisit source
- Reference 58GOVgov.brVisit source
- Reference 59ISOiso.orgVisit source






