Feral Jundi

Thursday, December 26, 2013

Publications: Freedonia Report On Global Demand For Security Services

This publication is very expensive, but you can buy bits and pieces of it at your own choosing. I am not getting any kickbacks or anything from this group, and I am only putting this out there as information for the readership to check out.

To go along with my post on crowdfunding, the global demand for security is increasing, and the factors driving the demand are evident in this report.

Factors such as rapid gains in economic activity, rising personal incomes, foreign investment activity, and concern that public safety forces are overburdened, corrupt, or unable to provide sufficient protection will boost gains. Furthermore, increasing regulation and a trend toward greater professionalism in many of these local security service markets will improve public trust in security service businesses, thereby driving gains.

I have seen these trends and talked about them here on the blog. China is blowing up when it comes to security services. Africa will definitely need services, and thanks to the cartels in Mexico, security will continue to be in high demand.  The US continues to be the largest consumer of security services in the world, which is interesting. Also, the progression towards ISO certification for maritime PMSC’s–which will probably carry over to land based PMSC’s in the future, is a sign of this ‘professionalizing’ of the industry. Check it out. –Matt

 

Global demand for security services is driven by rising urbanization, the real and perceived risks of crime and terrorism, and a belief that public safety measures are insufficient.
World demand to 7.4% annually through 2016
Global demand for private contract security services will increase 7.4 percent annually to $244 billion in 2016. In general, demand for security services is driven by rising urbanization, the real and perceived risks of crime and terrorism, belief that public safety measures are insufficient, and growth of a middle class with assets to protect and the means to pay for supplementary security measures. The security service market will also be supported by an improved economic environment and building construction activity.
Developing areas to see strongest gains in demand

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Friday, March 15, 2013

Industry Talk: Page Group Wins EU Security Services Contract For Afghanistan

Last year I posted about the EEAS contract and here is the winner. So folks that were waiting on this news, here you go. Although I am kind of curious how they were able to side step Presidential Decree 62 and this APPF thing? Obviously they have made deals with the Afghans to make this happen. Or maybe they are in compliance via some stipulation in the law. Who knows and congratulations to the Page Group. –Matt

 

Security firm wins EU contract despite tax problem
03/15/2013
British private security firm Page Group has scooped a contract to protect EU diplomats in Afghanistan, but faces delays over local tax compliance.
A Page Group spokesperson confirmed to EUobserver on Thursday (14 March) that “this company’s tender for the provision of security services at the EU delegation has been accepted.”
The contract, worth between €30 million and €50 million over the next four years, is to see it provide at least 100 security guards as well as mobile patrol teams and armoured vehicles to protect EU staff, their families and visiting VIPs.

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