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Private Security Services in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 801 March 2024 Spotlight Report

Revenue

€68.9bn

2019-2024 3.2 %
2024-2029 X.X %

Employees

2m

2019-2024 4.5 %
2024-2029 X.X %

Businesses

95,038

2019-2024 7.7 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Private Security Services in Europe industry analysis

Several high-profile events hosted across Europe have created work for private security services. In 2022 and 2023, Queen Elizabeth II's funeral and King Charles III's coronation necessitated a massive security presence to supplement police efforts in crowd control. The upcoming 2024 Summer Olympics in Paris and the 2024 UEFA European Football Championship in Germany will both need a major security presence. Private security revenue is projected to shrink at a compound annual rate of 3.7% to €70.4 billion over the five years through 2024, including a drop of 3.3% in 2024.

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Industry Statistics and Trends

Private Security Services in Europe key trends

Europe's high-profile events amplify private security demand.

 

Major events such as royal occasions, the 2024 Summer Olympics and the UEFA European Football Championship are intensifying the need for private security for crowd control.

Cash usage is falling rapidly across Europe.

 

The growing use of contactless payments is shifting everyday transactions towards digital means, cutting demand for cash management services.

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Private Security Services in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Private Security Services in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.2 % over the past five years, to reach an estimated €68.9bn in 2024.

Trends and Insights

Big events in Europe need a large security presence

  • Europe has hosted several high-profile events in the last few years, which have necessitated a major security presence.

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Private Security Services in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Cashless societies threaten demand for cash transports

  • Contactless payments have accelerated the digitalisation of everyday payments across Europe, making it more convenient to pay by card or app than with cash. This has reduced the need for businesses to have money on hand, cutting demand for cash transport.

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Revenue

€68.9bn

2019-2024 3.2 %
2024-2029 X.X %

Employees

2m

2019-2024 4.5 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.5 % *
  • Job Growth

Top 5 Countries

  1. Romania +17.1%
  2. Turkey +13.6%
  3. Bulgaria +13.3%
  4. Czechia +10.8%
  5. Estonia +10.1%

Bottom 5 Countries

  1. Iceland -11.7%
  2. Norway -4.4%
  3. Ireland -3.5%
  4. Malta -3.1%
  5. Sweden -2.9%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Private Security Services in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Securitas AB
16,277.5
863.7
5.3
Atlas Ontario LP
19,586.0
596.0
3.0
Prosegur Compañía de Seguridad, SA
4,580.0
442.8
9.7

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Private Security Services in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Private Security Services industry in Europe in 2024?

The market size of the Private Security Services industry in Europe is €68.9bn in 2024.

How many businesses are there in the Private Security Services in Europe industry in 2024?

There are 95,038 businesses in the Private Security Services industry in Europe, which has grown at a CAGR of 7.7 % between 2019 and 2024.

Has the Private Security Services industry in Europe grown or declined over the past 5 years?

The market size of the Private Security Services industry in Europe has been declining at a CAGR of 3.2 % between 2019 and 2024.

What is the forecast growth of the Private Security Services industry in Europe over the next 5 years?

Over the next five years, the Private Security Services industry in Europe is expected to grow.

What does the Private Security Services in Europe include?

Security guard services and Armoured car services are part of the Private Security Services industry.

Which countries have the most businesses in the Private Security Services industry in Europe?

The European country with the most businesses in the Private Security Services industry is Russia.

How competitive is the Private Security Services industry in Europe?

The level of competition is moderate and steady in the Private Security Services industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Companies in the industry provide guard and patrol services, armoured car services and polygraph and fingerprint services. They also pick up and deliver money and offer security shredding of information on any media.

Related Terms

POLYGRAPH REMOTE GUARDINGCASH-IN-TRANSIT

What's included in this industry?

Security guard servicesArmoured car servicesFingerprint servicesPolygraph services

Companies

Securitas ABAtlas Ontario LPProsegur Compañía de Seguridad, SA

Industry Code

ISIC 2006

801 - Private security activities in Europe

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Performance

Key Takeaways

Big events in Europe need a large security presence

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Private Security Services in Europe industry (2011 -2029)
  • Employees in the Private Security Services in Europe industry (2011 -2029)
  • Business in the Private Security Services in Europe industry (2011 -2029)
  • Profit in the Private Security Services in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Private Security Services in Europe industry?


Outlook

Analysis

What's driving the Private Security Services in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Private Security Services in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Private Security Services in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Falling cash usage curbs armoured car services demand. As transactions have moved towards digital platforms, the need for secure cash transport provided by private security companies has dropped.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Private Security Services in Europe industry's products and services performing?

Analysis

What are innovations in the Private Security Services in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Private Security Services in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Big agencies use economies of scope to attract clients. Security agencies use their integrated security systems, including personnel and modern technology, to attract clients.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Securitas AB
  • Countries of operation for Atlas Ontario LP
  • Countries of operation for Prosegur Compañía de Seguridad, SA
  • Countries of operation for Securalliance Group
  • Countries of operation for GardaWorld Corporation
  • Countries of operation for The Brink’s Company
  • Countries of operation for ISS A/S
  • Countries of operation for MITIE Group plc
  • Countries of operation for KÖTTER GmbH & Co KG Verwaltungsdienstleistungen
  • Countries of operation for Pond Security Service GmbH

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Security guards need official training and licences. Many countries in Europe have a private security regulator that gives out permits to trained security guards.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Private Security Services in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Security companies' profits rebound post-pandemic. As public events like sports matches and music concerts resumed in 2021, demand for crowd control surged, boosting revenue and profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Private Security Services in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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