Growth in the U.K. Market of Manned Security Estimated to be Over £4 Billion in 2016, New Study by Mintel
New research from Mintel, global market intelligence agency, has forecast the Manned Security sector will be worth over £4 billion in 2016. Intense price competition over the past five years in the sector has been exacerbated by generally weak demand, and depressing overall revenues.
Albany, NY, December 31, 2016 --(PR.com)-- The market of manned security is the focus of a new report of Mintel’s research that has been added to the report offerings of Market Research Hub (MRH). The study titled, “Manned Security in UK - December 2016,” offers a detailed analysis of the U.K. manned security market during the forecast of 2017 to 2021. It has been observed that the value of this industry has varied significantly over the past 5 years which was punctuated by a number of demand spikes from major national events. According to Mintel’s latest research, UK’s manned security market has reached a value of £4 billion in 2016.
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In the United Kingdom, the market for manned security is growing day by day, despite the fact that low-cost delivery demands continue to push down prices and also this forecast expansion is expected to be influenced towards a small number of companies, masking continued difficulties for small and medium-sized businesses in the guarding sector. Additionally one of the market trends observed by the study is the U.K. prison population, sharp use of technology throughout the industry and rise of body cameras which is assisting the rise of the manned security market.
According to the report, the manned security sector stays to be dominated by small-to-medium sized enterprises, which have appreciated ongoing prosperity despite the presence of some large-scale international operators; while custodial services and the cash-in-transit sector remains dominated by large companies. Among these, the custodial services sector is the strongest element of the manned security industry, increasing by an estimated 6 % in 2015, led by larger operators of managing & delivering sector contracts. In the next section, the market factors are described along with the introduction of the National Minimum Wage in the U.K. during 2010 to 2015.
Further, the report also focuses on the impacts of Brexit on the security industry. There are a number of leading suppliers of security equipment who are based in Europe and the U.K., so there are also concerns about the impact of Brexit that could target the security industry. Some of the positive impacts of the EU regulations that existed in the manned guarding industry were - working time directive, equal pay, TUPE protections, health & safety, public procurement and employees rights to information. Now, after Brexit, there are possibilities that factors such as poorly motivated guards with incomplete training and extended working hours might prevail.
Browse Complete Report with TOC: http://www.marketresearchhub.com/report/manned-security-uk-december-2016-report.html
List of key companies of U.K. profiled in the report are as follows:
Securitas Security Services
Sedexo Justice Services
Kingdom Security
Geo Amey Pecs
Cordant Security
Loomis UK
Vision Security
G4S Cash Solutions
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
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Request for Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=901379
In the United Kingdom, the market for manned security is growing day by day, despite the fact that low-cost delivery demands continue to push down prices and also this forecast expansion is expected to be influenced towards a small number of companies, masking continued difficulties for small and medium-sized businesses in the guarding sector. Additionally one of the market trends observed by the study is the U.K. prison population, sharp use of technology throughout the industry and rise of body cameras which is assisting the rise of the manned security market.
According to the report, the manned security sector stays to be dominated by small-to-medium sized enterprises, which have appreciated ongoing prosperity despite the presence of some large-scale international operators; while custodial services and the cash-in-transit sector remains dominated by large companies. Among these, the custodial services sector is the strongest element of the manned security industry, increasing by an estimated 6 % in 2015, led by larger operators of managing & delivering sector contracts. In the next section, the market factors are described along with the introduction of the National Minimum Wage in the U.K. during 2010 to 2015.
Further, the report also focuses on the impacts of Brexit on the security industry. There are a number of leading suppliers of security equipment who are based in Europe and the U.K., so there are also concerns about the impact of Brexit that could target the security industry. Some of the positive impacts of the EU regulations that existed in the manned guarding industry were - working time directive, equal pay, TUPE protections, health & safety, public procurement and employees rights to information. Now, after Brexit, there are possibilities that factors such as poorly motivated guards with incomplete training and extended working hours might prevail.
Browse Complete Report with TOC: http://www.marketresearchhub.com/report/manned-security-uk-december-2016-report.html
List of key companies of U.K. profiled in the report are as follows:
Securitas Security Services
Sedexo Justice Services
Kingdom Security
Geo Amey Pecs
Cordant Security
Loomis UK
Vision Security
G4S Cash Solutions
About Market Research Hub
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Us
90 State Street
Albany, NY 12207,
United States
Toll Free : 866-997-4948 (US-Canada)
Tel : +1-518-621-2074
Email : press@marketresearchhub.com
Website : http://www.marketresearchhub.com
Follow Us on LinkedIn- https://www.linkedin.com/company/market-research-hub
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