What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

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The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Private Bodyguard Service Market by Type (Service, Equipment), Application (Commercial, Personal), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

Publish Date: Feb, 2020
Report ID: 411563
Category: Business Services
Pages: 250

$4700

The global private bodyguard service market is expected to grow from USD 210.43 billion in 2019 to USD 355.65 billion by 2027, at a CAGR of 6.76% during the forecast period from 2020-2027. Growing demand for private bodyguard service for patrol shopping malls, elite gated communities and some public streets, driving the growth of market.

Increasing demand for private bodyguard services in the developing countries, further boosting the growth of market. In a number of developing countries, private bodyguard services are seen as symbols of wealth, providing both protection and social status. In addition to this, in developing countries, hiring guards is more affordable than investing in technology-related services due to low labour costs, which is pushing the growth of market. However, shortage of workers to work as a private bodyguard could hamper the market growth over the forecast period.

The market has been segmented on the basis of type, application and region. The type segment includes service and equipment. Service held largest market share of 61.90% and valued at USD 128.17 billion in 2019. The role of bodyguards is often misunderstood by the public, because the typical layperson's only exposure to body-guarding is usually in highly dramatized action film depictions of the profession, in which bodyguards are depicted in fire fights with attackers.

The application segment includes commercial and personal. Personal held the largest market share of 68.02% in 2019. The personnel team that protects a VIP is often referred to as the VIP's security detail. Most important public figures, such as heads of state, heads of government, and governors are protected by several bodyguards or by a team of bodyguards from a government agency, security forces, or police forces (e.g., in the U.S., the United States Secret Service or the State Department's Diplomatic Security Service).

The market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America held the largest market share of 35.09% in 2019, owing to increasing demand for private bodyguard services in the U.S. and Canada.

Key players in the private bodyguard service market are G4S, Securitas, Allied Universal, US Security Associates, SIS, TOPSGRUP, OCS Group, ICTS Europe, Transguard, Andrews International, Control Risks, Edward Young, China Security & Protection Group and Axis Security among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market. In November 2019, Allied Universal announced the signing of a definitive agreement to merge with SOS Security Services, a global provider of manned guarding and other security services. This new agreement will be able to combine the best of both brands to elevate security services, the breadth and reach of capabilities and opportunity to provide new security solutions.

This study forecasts revenue growth at global, regional, and country levels from 2014 to 2027. Fior Markets has segmented the on the basis of below mentioned segments:

Global Private Bodyguard Service Market Analysis And Forecast, By Type
- Service
- Equipment
Global Private Bodyguard Service Market Analysis And Forecast, By Application
- Commercial
- Personal
Global Private Bodyguard Service Market Analysis And Forecast, By Regional Analysis
- North America
  - The U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - Sweden
  - Netherland
  - The U.K.
  - Italy
  - Spain
  - Turkey
  - Switzerland
  - Belgium
  - Rest Of Europe
- Asia-Pacific
  - Japan
  - China
  - India
  - South Korea
  - Australia
  - Singapore
  - Malaysia
  - Thailand
  - Indonesia
  - Philippines
  - Rest Of APAC
- South America
  - Brazil
  - Argentina
  - Peru
  - Colombia
  - Rest Of South America
- The Middle East And Africa
  - UAE
  - Saudi Arabia
  - Egypt
  - Nigeria
  - South Africa
  - Rest Of MEA

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Chapter 1 Introduction 12
    1.1 Research Methodology 12
    1.2 FMR desk research 13
          1.2.1 FMR data synthesis 14
          1.2.2 Data validation and market feedback 14
          1.2.3 FMR data sources 15

Chapter 2 Global Private Bodyguard Service Market Overview 17
    2.1 Product Overview and Scope of Private Bodyguard Service 17
    2.2 Commercial Types of Private Bodyguard Service 19
          2.2.1 Services 20
          2.2.2 Equipment 21
    2.3 Commercial Application of Private Bodyguard Service 22
          2.3.1 Commercial 23
          2.3.2 Personal 24
    2.4 Development History of Private Bodyguard Service 25
    2.5 Market Status and Trend of Private Bodyguard Service 2014-2027 27
          2.5.1 Global Private Bodyguard Service Market Status and Trend 2014-2027 27
    2.6 Regional Private Bodyguard Service Market Status and Trend 2014-2027 29
          2.6.1 North America Market Status and Trend 2014-2027 29
          2.6.2 Europe Market Status and Trend 2014-2027 31
          2.6.3 Asia Pacific Market Status and Trend 2014-2027 34
          2.6.4 Middle East and Africa Market Status and Trend 2014-2027 36
          2.6.6 Latin America Market Status and Trend 2014-2027 40

Chapter 3 Global Market Status by Regions 42
    3.1 Market Development of Private Bodyguard Service 2014-2018 42
          3.1.1 Regions Revenue of Private Bodyguard Service by Regions 43
                   3.1.1.1 Europe Revenue of Private Bodyguard Service by Switzerland 43
          3.1.2 Europe Revenue Market Share of Private Bodyguard Service by Switzerland 44
    3.2 Market Forecast of Private Bodyguard Service by Regions 2019-2027 48
          3.2.1 Europe Market Forecast of Private Bodyguard Service by Switzerland 2019-2027 48

Chapter 4 Global Private Bodyguard Service Revenue by Type 50
4.1 Revenue of Private Bodyguard Service by Types 50
4.3 Market Forecast of Private Bodyguard Service by Types 54

Chapter 5 Global Private Bodyguard Service Production by Application 57
5.1 Revenue of Private Bodyguard Service by Downstream Industry 57
5.2 Market Forecast of Private Bodyguard Service by Downstream Industry 61

Chapter 6 Market Driving Factor Analysis of Private Bodyguard Service 64
    6.1 Global Economy Situation and Trend Overview 64
    6.2 Private Bodyguard Service Downstream Industry Situation and Trend Overview 64
          6.2.1 Increased Use Of Smart Technology 64
          6.2.2 Management Tools 64
          6.2.3 Rising Developments In Security Oriented Technology 65
          6.2.4 More Private Investigators And Security Consultants 65

Chapter 7 Private Bodyguard Service Market Competition Status by Major Manufacturers 66
    7.1 Revenue of Private Bodyguard Service by Major Manufacturers 66
    7.2 Market Competition News and Trend 70
          7.2.1 Plant Location and Established Time of Private Bodyguard Service Major Manufacturer 70
    7.3 Market Competition News and Trend 71

Chapter 8 Private Bodyguard Service Major Manufacturers 73
    8.1 G4S plc 73
          8.1.1 Company Profile 73
          8.1.2 Representative Private Bodyguard Service Industry Product 75
          8.1.3 Private Bodyguard Service Industry Sales, Revenue, Price and Gross Margin of G4S plc 76
    8.2 Securitas Group 77
          8.2.1 Company Profile 77
          8.2.2 Representative Private Bodyguard Service Industry Product 79
          8.2.3 Private Bodyguard Service Industry Sales, Revenue, Price and Gross Margin of Securitas Group 80
    8.3 Allied Universal 81
          8.3.1 Company Profile 81
          8.3.2 Representative Private Bodyguard Service Industry Product 83
          8.3.3 Private Bodyguard Service Industry Sales, Revenue, Price and Gross Margin of Allied Universal 84
    8.4 U.S. Security Associates. 86
          8.4.1 Company Profile 86
          8.4.2 Representative Private Bodyguard Service Industry Product 88
    8.5 SIS Security Intelligence Service 89
          8.5.1 Company Profile 89
          8.5.2 Representative Private Bodyguard Service Industry Product 90
    8.6 Topsgrup 92
          8.6.1 Company Profile 92
          8.6.2 Representative Private Bodyguard Service Industry Product 93
    8.7 OCS Group Limited 95
          8.7.1 Company Profile 95
          8.7.2 Representative Private Bodyguard Service Industry Product 96
          8.7.3 Private Bodyguard Service Industry Sales, Revenue, Price and Gross Margin of OCS Group Limited 97
    8.8 ICTS Europe 98
          8.8.1 Company Profile 98
          8.8.2 Representative Private Bodyguard Service Industry Product 100
    8.9 Transguard Group 101
          8.9.1 Company Profile 101
          8.9.2 Representative Private Bodyguard Service Industry Product 103
    8.10 Andrews International. Inc 105
          8.10.1 Company Profile 105
          8.10.2 Representative Private Bodyguard Service Industry Product 107
    8.11 Control Risks 109
          8.11.1 Company Profile 109
          8.11.2 Representative Private Bodyguard Service Industry Product 110
    8.12 Edward Young. 111
          8.12.1 Company Profile 111
          8.12.2 Representative Private Bodyguard Service Industry Product 112
    8.13 Edward Young. 113
          8.13.1 Company Profile 113
          8.13.2 Representative Private Bodyguard Service Industry Product 114
    8.14 Asia Pacific Security & Protection Group Co.,Ltd 115
          8.14.1 Company Profile 115
          8.14.2 Representative Private Bodyguard Service Industry Product 116
    8.15 Axis Security 118
          8.15.1 Company Profile 118
          8.15.2 Representative Private Bodyguard Service Industry Product 119

Chapter 9 Upstream and Downstream Market Analysis of Private Bodyguard Service 120
          9.1.1 Industry Chain of Private Bodyguard Service 120
    9.2 Downstream Market and Representative Companies 121
          9.2.1 Commercial 121
          9.2.2 Personal 121
    9.3 Representative Consumers of Private Bodyguard Service by Industry 122
    9.4 Distributors/Traders List 123

Chapter 10 Research Findings and Conclusion 124

List of Figures

FIG. 1 Representative Commercial Product Picture of Private Bodyguard Service 18

FIG. 2 Global Shipments Value Share of Private Bodyguard Service by Types in 2018 19

FIG. 3 Demand Value Share of Private Bodyguard Service by Downstream Industry in 2018 22

FIG. 4 Global Private Bodyguard Service Market Status and Trend 2014-2027 27

FIG. 5 Global Private Bodyguard Service Market Size Comparison in 2014, 2018 and 2027 28

FIG. 6 North America Private Bodyguard Service Revenue and Growth Rate 2014-2027 29

FIG. 7 Europe Private Bodyguard Service Revenue and Growth Rate 2014-2027 31

FIG. 8 Switzerland Private Bodyguard Service Revenue and Growth Rate 2014-2027 32

FIG. 9 Asia Pacific Private Bodyguard Service Revenue and Growth Rate 2014-2027 34

FIG. 10 Middle East and Africa Private Bodyguard Service Revenue and Growth Rate 2014-2027 36

FIG. 12 Latin America Private Bodyguard Service Revenue and Growth Rate 2014-2027 40

FIG. 13 Revenue and Growth Rate of Private Bodyguard Service 2014-2018 42

FIG. 14 Revenue Share of Private Bodyguard Service by Regions in 2015 45

FIG. 15 Revenue Share of Private Bodyguard Service by Regions in 2018 46

FIG. 16 Revenue Market Share Comparison of Private Bodyguard Service by Regions 2014-2018 47

FIG. 17 Revenue Forecast Share of Private Bodyguard Service by Regions in 2027 49

FIG. 18 Revenue Share of Private Bodyguard Service by Types in 2015 51

FIG. 19 Revenue Share of Private Bodyguard Service by Types in 2018 52

FIG. 20 Revenue Market Share Comparison of Private Bodyguard Service by Types 2014-2018 53

FIG. 21 Revenue Share Forecast of Private Bodyguard Service by Types in 2027 55

FIG. 22 Revenue Market Share Comparison of Private Bodyguard Service by Types 2019-2027 56

FIG. 23 Revenue Share of Private Bodyguard Service by Applications in 2015 58

FIG. 24 Revenue Share of Private Bodyguard Service by Applications in 2018 59

FIG. 25 Revenue Market Share Comparison of Private Bodyguard Service by Applications 2014-2018 60

FIG. 26 Revenue Share Forecast of Private Bodyguard Service by Downstream Industry in 2027 62

FIG. 27 Revenue Market Share Comparison of Private Bodyguard Service by Downstream Industry 2019-2027 63

FIG. 28 Revenue Share of Private Bodyguard Service by Major Manufacturers in 2015 68

FIG. 29 Revenue Share of Private Bodyguard Service by Major Manufacturers in 2018 69

FIG. 30 G4S plc Private Bodyguard Service Business Revenue And Market Share 76

FIG. 31 Securitas Group Private Bodyguard Service Business Revenue And Market Share 80

FIG. 32 Allied Universal Private Bodyguard Service Business Revenue And Market Share 85

FIG. 33 OCS Group Limited Private Bodyguard Service Business Revenue And Market Share 97

FIG. 34 Industry Chain of Private Bodyguard Service 120

List of Tables

TABLE 1 North America Private Bodyguard Service Market Main Driving Factors Analysis 30

TABLE 2 Europe Private Bodyguard Service Market Main Driving Factors Analysis 33

TABLE 3 Asia Pacific Private Bodyguard Service Market Main Driving Factors Analysis 35

TABLE 4 Middle East and Africa Private Bodyguard Service Market Main Driving Factors Analysis 37

TABLE 6 Latin America Private Bodyguard Service Market Main Driving Factors Analysis 41

TABLE 7 Revenue (USD Billion) of Private Bodyguard Service by Regions 43

TABLE 8 Revenue (USD Billion) of Private Bodyguard Service by Switzerland 43

TABLE 9 Revenue Share of Private Bodyguard Service by Regions 2014-2018 44

TABLE 10 Revenue Share of Private Bodyguard Service by Switzerland 44

TABLE 11 Revenue Forecast of Private Bodyguard Service by Regions 2019-2027 48

TABLE 12 Revenue Forecast of Private Bodyguard Service by Switzerland2019-2027 48

TABLE 13 Revenue of Private Bodyguard Service by Types 2014-2018 50

TABLE 14 Revenue Share of Private Bodyguard Service by Types 2014-2018 50

TABLE 15 Revenue Forecast of Private Bodyguard Service by Types 2019-2027 54

TABLE 16 Revenue Share Forecast of Private Bodyguard Service by Types 2019-2027 54

TABLE 17 Revenue of Private Bodyguard Service by Applications 2014-2018 57

TABLE 18 Revenue Share of Private Bodyguard Service by Applications 2014-2018 57

TABLE 19 Revenue Forecast of Private Bodyguard Service by Applications 2019-2027 61

TABLE 20 Revenue Share Forecast of Private Bodyguard Service by Applications 2019-2027 61

TABLE 21 Revenue (USD Billion) of Private Bodyguard Service by Major Manufacturers 2015-2018 66

TABLE 22 Global Private Bodyguard Service Revenue Share by Major Manufacturers (2015-2018) 67

TABLE 23 Company Profile of G4S plc 73

TABLE 24 Private Bodyguard Service Industry Sales, Revenue and Gross Margin of G4S plc 2015-2018 76

TABLE 25 Company Profile of Securitas Group 77

TABLE 26 Private Bodyguard Service Industry Sales, Revenue and Gross Margin of Securitas Group 2015-2018 80

TABLE 27 Company Profile of Allied Universal 81

TABLE 28 Private Bodyguard Service Industry Sales, Revenue and Gross Margin of Allied Universal 2015-2018 84

TABLE 29 Company Profile of U.S. Security Associates. 86

TABLE 30 Company Profile of SIS Security Intelligence Service 89

TABLE 31 Company Profile of Topsgrup 92

TABLE 32 Company Profile of OCS Group Limited 95

TABLE 33 Private Bodyguard Service Industry Sales, Revenue and Gross Margin of OCS Group Limited 2014-2018 97

TABLE 34 Company Profile of ICTS Europe 98

TABLE 35 Company Profile of Transguard Group 101

TABLE 36 Company Profile of Andrews International. Inc 105

TABLE 37 Company Profile of Control Risks 109

TABLE 38 Company Profile of Edward Young. 111

TABLE 39 Company Profile of Edward Young. 113

TABLE 40 Company Profile of Asia Pacific Security & Protection Group Co.,Ltd 115

TABLE 41 Company Profile of Axis Security 118

TABLE 42 Representative Consumers of Private Bodyguard Service by Industry 122

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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