What are the recent trends in market size and growth for the investigation and security services market?
The investigation and security services market size has grown strongly in recent years. It will grow from $358.58 billion in 2024 to $390.53 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to advances in medical technology, aging population, home healthcare services, hospital and healthcare facility expansion, regulatory standards.
The investigation and security services market size is expected to see strong growth in the next few years. It will grow to $530.89 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing chronic disease burden, technological innovation, home infusion services, telehealth and remote monitoring. Major trends in the forecast period include smart infusion pumps, wireless and remote monitoring, home infusion therapy, precision medicine and personalized infusion.
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How have varous drivers impacted the growth of the investigation and security services market?
The increasing number of cybercrimes is expected to propel the growth of the investigation and security services market going forward. Cybercrimes known as computer crimes or internet crimes, are unlawful activities that involve the use of computer systems, networks, or digital technology. Investigation and security services are essential in addressing and mitigating the impact of cybercrimes by offering a comprehensive approach to prevention, detection, response, and recovery. For instance, in June 2023, according to Embroker Insurance Services LLC, a US-based insurance company, the IoT cyber-attacks alone are expected to double by 2025. Additionally, in 2022, according to the Annual Cyber Threat Report 2021-2022 by the Australian Cyber Security Centre, an Australia-based government agency, Australia recorded a staggering 76,000 cybercrime reports, representing a 13% increase from the previous financial year. Therefore, the increasing number of cybercrimes drives the investigation and security services market.
What are the primary segments of the 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
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Which firms are leading 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 top industry trends projected to impact the investigation and security services market?
Major companies operating in the investigation and security services market are introducing innovative services such as the New QRadar Security Suite using artificial intelligence to drive revenues in the market. Artificial intelligence-powered security refers to the use of artificial intelligence (AI) techniques and technologies to enhance various aspects of cyber security, threat detection, and response. For instance, in April 2023, IBM, a US-based technology company launched New QRadar Security Suite. With its advanced AI and automation, the suite enables security analysts to efficiently investigate high-priority incidents, automatically identify and investigate threats, and discover stealthy attacks and indicators of compromise across their environments.
What are the major regional insights for the investigation and security services market, and which region holds the top position?
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.
What Does The Investigation And Security Services Market Report 2025 Offer?
The investigation and security services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Investigation services refer to any kind of service of obtaining information through investigative inquiry on behalf of a client by the investigation agency against fee charged or compensation. Security services refer to an outsourced service in which the security of the premises or an asset is handled by an outsider company on behalf of their clients.
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