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Vietnam Private Security Market by Service Type (Event Management Security Service, Watch Service, Personal Protection, Mobile Patrol Security Service, Pre-Employment Screening, and Other Services), End-User (Commercial, Institutional, Residential and Government): Opportunity Analysis and Industry Forecast, 2020–2027

A06158
Pages: 110
Apr 2020 | 1879 Views
 
Author(s) : Sumesh Kumar , Roshan Deshmukh
Tables: 39
Charts: 39
 

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The Vietnam private security market size was valued at $713.5 million in 2019 and is expected to grow at a CAGR of 7.9% from 2020 to 2027 to reach the market size of $1,294.0 million in 2027. The watch service segment in the Vietnam private security market was the largest segment in 2019 and is expected to grow at a CAGR of 6.9% to reach $545.4 million in 2027

The growth of the Vietnam private security market can be attributed to rapid urbanization, growing risk of crime and terrorism together with the notion of insufficient security. Vietnam has undergone rapid urbanization through the years, owing to tremendous economic growth witnessed by the region over the past few years. This has positively impacted the business environment in the country. According to a report published by “Vietnam Chamber of Commerce and Industry”, the business environment in Vietnam is expected to remain extremely favorable, making way for new businesses as well as inviting new business from foreign regions. This surge in the business activity is expected to increase the demand for private security in the region. The demand for night and day watch guards is expected to increase due to rise in number of institutional, private, and government offices in the Vietnam. However, high attrition rate and growing cost of manned guarding act as the major restraint for the Vietnam private security market. On the contrary, rise in the travel and tourism industry and increase in concerns about security among travelers is expected to provide opportunities for the Vietnam private security market growth.

Vietnam-Private-Security-Market-2020-2027

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The Vietnam Private Security market is segmented on the basis of service type and end-user. Based on service type, the market is categorized into vent management security service, watch service, personal protection, mobile patrol security service, pre-employment screening, and other services, which includes safety services, risk management and tailored security services. Based on end user the Vietnam private security market is classified into commercial, institutional, residential and government.

Based on the Vietnam Private Security market analysis by service type, thewatch service segment was the most prominent category in 2019 and is expected to remain dominant during the forecast period. The watch service segment is driven by rapid urbanization in Vietnam leading to rise in the number of commercial buildings and private & public institutions, thus, creating a need for more manned and un-manned watch services. The mobile patrol security service segment in the Vietnam private security market is expected to grow at a notable CAGR of 9.1% through the forecast period. The growth in this segment can be attributed to higher effectiveness of this service over the static CCTV camera.

Vietnam Private Security Market
By Service Type

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The mobile patrol security service segment was the fastest growing segment with CAGR of 9.1%

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Based on the Vietnam private security market forecast by end user, the commercial segment was the highest contributor to the Vietnam private security market in 2018 and is expected to remain dominant through 2020-2027. The growth can be attributed to growing preference for manned guarding to overcome threats and activities such as thefts and unauthorized break-ins. However, the institutional segment is expected to grow at a higher growth rate through the forecast period. The growth can be attributed to growing criminal activities in Vietnam and rise in number of private and public institutions in Vietnam due to surge in the economic growth.

Vietnam Private Security Market
By End-User

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The institututional segment was the fastest growing segment with CAGR of 8.6%

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The players in the Vietnam private security industry have adopted product launch, and acquisitions as their key development strategy to increase profitability, and to improve stance in the Vietnam private security market share. The key players profiled in the report includes A/S, Securitas, Vietnam Manpower, PMV Security, T-Force Security, Secom, Vietnam Day and Night Security Services Co., Ltd., The Brink’s Co., Global Guardian, and Night & Day Security Services Co. Ltd.

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current Vietnam private security market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.

  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.

  • In-depth analysis and the market size and segmentation assists in determining the prevailing Vietnam private security market opportunities.

  • The major countries in each region are mapped according to their revenue contribution to the market. 

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

Key Market Segments

By Service Type

  • Event Management Security Service
    • Access Points
    • Crowd Management
    • Others
  • Watch Service
  • Personal Protection
  • Mobile Patrol Security Service
  • Pre-Employment Screening
  • Other Services

By End-User

  • Commercial
  • Institutional
  • Residential
  • Government
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping vietnam private security industry/market
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Rapid urbanization
3.3.1.2.Growth in risk of crime and terrorism and the notion of insufficient security

3.3.2.Restraint

3.3.2.1.High attrition rate and growing cost of manned guarding

3.3.3.Opportunity

3.3.3.1.Rise in the travel and tourism industry and increase in concerns about security among travelers

CHAPTER 4:VIETNAM PRIVATE SECURITY MARKET, BY SERVICE TYPE

4.1.Overview
4.2.Event management security service

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast

4.2.2.1.Access points

4.2.2.1.1.Market size and forecast

4.2.2.2.Crowd management

4.2.2.2.1.Market size and forecast

4.2.2.3.Others

4.2.2.3.1.Market size and forecast

4.3.Watch service

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Personal protection

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

4.5.Mobile patrol security service

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast

4.6.Pre-employment screening

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast

4.7.Other services

4.7.1.Key market trends, growth factors, and opportunities
4.7.2.Market size and forecastCHAPTER 5:VIETNAM PRIVATE SECURITY MARKET, BY END-USER

CHAPTER 5:VIETNAM PRIVATE SECURITY MARKET, BY END-USER

5.1.Overview
5.2.Commercial

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market analysis by country

5.3.Institutional

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market analysis by country

5.4.Residential

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market analysis by country

5.5.Government

5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market analysis by country

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Top winning strategies
6.2.Product mapping
6.3.Competitive dashboard
6.4.Competitive heatmap
6.5.Key developments

6.5.1.Acquisition
6.5.2.Agreement
6.5.3.Partnership

CHAPTER 7:COMPANY PROFILES

7.1.BRINK'S INCORPORATED (THE BRINK’S COMPANY)

7.1.1.Company overview
7.1.2.Key Executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business performance
7.1.7.Key strategic moves and developments

7.2.ISS A/S

7.2.1.Company overview
7.2.2.Key Executives
7.2.3.Company snapshot
7.2.4.Product portfolio
7.2.5.Business performance
7.2.6.Key strategic moves and developments

7.3.GLOBAL GUARDIAN

7.3.1.Company overview
7.3.2.Key Executives
7.3.3.Company snapshot
7.3.4.Product portfolio

7.4.NIGHT & DAY SECURITY SERVICES CO. LTD

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio

7.5.PMV SECURITY

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Product portfolio

7.6.SECOM CO.,LTD.

7.6.1.Company overview
7.6.2.Key Executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.R&D Expenditure
7.6.7.Business performance

7.7.SECURITAS AB

7.7.1.Company overview
7.7.2.Key Executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.7.6.Business performance
7.7.7.Key strategic moves and developments

7.8.T-FORCE SECURITY COMPANY VIETNAM

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Product portfolio

7.9.THANG LOI SECURITY CORPORATION

7.9.1.Company overview
7.9.2.Key Executive
7.9.3.Company snapshot
7.9.4.Product portfolio

7.10.VIETNAM MANPOWER

7.10.1.Company overview
7.10.2.Key Executives
7.10.3.Company snapshot
7.10.4.Product portfolio

LIST OF TABLES

TABLE 01.VIETNAM PRIVATE SECURITY MARKET, BY SERVICE TYPE, 2019-2027 ($MILLION)
TABLE 02.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR EVENT MANAGEMENT SECURITY SERVICE, 2019–2027($MILLION)
TABLE 03.VIETNAM PRIVATE SECURITY MARKET REVENUE, BY END-USER, 2019-2027 ($MILLION)
TABLE 04.BRINK’S INCORPORATED: KEY EXECUTIVES
TABLE 05.BRINK’S INCORPORATED: COMPANY SNAPSHOT
TABLE 06.BRINK’S INCORPORATED: OPERATING SEGMENTS
TABLE 07.BRINK’S INCORPORATED: PRODUCT PORTFOLIO
TABLE 08.BRINK’S INCORPORATED: NET SALES, 2016–2018 ($MILLION)
TABLE 09.ISS A/S: KEY EXECUTIVES
TABLE 10.ISS A/S: COMPANY SNAPSHOT
TABLE 11.ISS A/S: PRODUCT PORTFOLIO
TABLE 12.ISS A/S: NET SALES, 2016–2018 ($MILLION)
TABLE 13.GLOBAL GUARDIAN: KEY EXECUTIVES
TABLE 14.GLOBAL GUARDIAN: COMPANY SNAPSHOT
TABLE 15.GLOBAL GUARDIAN: PRODUCT PORTFOLIO
TABLE 16.NIGHT & DAY SECURITY SERVICES CO. LTD: COMPANY SNAPSHOT
TABLE 17.NIGHT & DAY SECURITY SERVICES CO. LTD: PRODUCT PORTFOLIO
TABLE 18.PMV SECURITY: COMPANY SNAPSHOT
TABLE 19.PMV SECURITY: PRODUCT PORTFOLIO
TABLE 20.SECOM CO.,LTD.: KEY EXECUTIVES
TABLE 21.SECOM CO.,LTD.: COMPANY SNAPSHOT
TABLE 22.SECOM CO.,LTD.: OPERATING SEGMENTS
TABLE 23.SECOM CO.,LTD.: PRODUCT PORTFOLIO
TABLE 24.SECOM CO.,LTD.: R&D EXPENDITURE, 2016–2018 ($MILLION)
TABLE 25.SECOM CO.,LTD.: NET SALES, 2016–2018 ($MILLION)
TABLE 26.SECURITAS AB: KEY EXECUTIVES
TABLE 27.SECURITAS AB: COMPANY SNAPSHOT
TABLE 28.SECURITAS AB: OPERATING SEGMENTS
TABLE 29.SECURITAS AB: PRODUCT PORTFOLIO
TABLE 30.SECURITAS AB: NET SALES, 2017–2019 ($MILLION)
TABLE 31.T-FORCE SECURITY COMPANY VIETNAM: COMPANY SNAPSHOT
TABLE 32.T-FORCE SECURITY COMPANY VIETNAM: PRODUCT PORTFOLIO
TABLE 33.THANG LOI SECURITY CORPORATION : KEY EXECUTIVE
TABLE 34.THANG LOI SECURITY CORPORATION : COMPANY SNAPSHOT
TABLE 35.THANG LOI SECURITY CORPORATION : PRODUCT PORTFOLIO
TABLE 36.VIETNAM MANPOWER: KEY EXECUTIVES
TABLE 37.VIETNAM MANPOWER: COMPANY SNAPSHOT
TABLE 38.VIETNAM MANPOWER: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH INTENSITY OF RIVALRY
FIGURE 09.MODERATE- HIGH BARGAINING POWER OF BUYERS
FIGURE 10.VIETNAM PRIVATE SECURITY MARKET, BY SERVICE TYPE, 2020-2027
FIGURE 11.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR ACCESS POINTS, 2019–2027($MILLION)
FIGURE 12.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR CROWD MANAGEMENT, 2019–2027($MILLION)
FIGURE 13.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR OTHERS, 2019–2027($MILLION)
FIGURE 14.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR WATCH SERVICE, 2019–2027 ($MILLION)
FIGURE 15.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR PERSONAL PROTECTION, 2019–2027 ($MILLION)
FIGURE 16.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR MOBILE PATROL SECURITY SERVICE, 2019–2027 ($MILLION)
FIGURE 17.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR PRE-EMPLOYMENT SCREENING, 2019–2027 ($MILLION)
FIGURE 18.VIETNAM PRIVATE SECURITY MARKET REVENUE FOR OTHER SERVICES, 2019–2027 ($MILLION)
FIGURE 19.VIETNAM PRIVATE SECURITY MARKET, BY END-USER, 2020-2027
FIGURE 20.VIETNAM PRIVATE SECURITY MARKET FOR COMMERCIAL, 2019-2027 ($MILLION)
FIGURE 21.VIETNAM PRIVATE SECURITY MARKET FOR INSTITUTIONAL, 2019-2027 ($MILLION)
FIGURE 22.VIETNAM PRIVATE SECURITY MARKET FOR RESIDENTIAL, 2019-2027 ($MILLION)
FIGURE 23.VIETNAM PRIVATE SECURITY MARKET FOR GOVERNMENT, 2019-2027 ($MILLION)
FIGURE 24.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 25.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020*
FIGURE 26.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 27.PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 28.COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 29.COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 30.BRINK’S INCORPORATED: NET SALES, 2016–2018 ($MILLION)
FIGURE 31.BRINK’S INCORPORATED: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 32.ISS A/S: NET SALES, 2016–2018 ($MILLION)
FIGURE 33.ISS A/S: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 34.SECOM CO.,LTD.: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 35.SECOM CO.,LTD.: NET SALES, 2016–2018 ($MILLION)
FIGURE 36.SECOM CO.,LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 37.SECOM CO.,LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 38.SECURITAS AB: NET SALES, 2017–2019 ($MILLION)
FIGURE 39.SECURITAS AB: REVENUE SHARE BY SEGMENT, 2019 (%)

 
 

The Vietnam private security market is expected towitness steady growth even under several unrests such asuncertainty, terrorist attacks, and others. According to the insights of thekey opinion leaders of the industry, the Vietnam private security market holds highpotential in the private security industry. The recent surge in the economic growth in the country has made wayfor emergence of a number of businesses in the region as a result the demand for private security has increased.Moreover, Vietnam has also become a tourist attraction, which has increased the inbound travel in the country and thus, fueled the demand for extra security in the country. Vietnam is also an emerging nation and is subject to rise in economic growth in the future, which is further expected to attract a lot of business in the coming years. Thus, rise in number of entrants in different businesses boosts the demand as well as provides numerous opportunities for growth for the private security industry in Vietnam.
 

 
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A. Vietnam private security market size was valued at $713.5 million in 2019.

A. The Vietnam private security market is expected to reach the market size of $1,294.0 million in 2027.

A. You can visit the report link on the website of Allied Market Research and send a sample request.

A. The surge in the business activity is expected to increase the demand for private security in Vietnam. The demand for night and day watch guards is expected to increase due to rise in number of institutional, private, and government offices in the Vietnam.

A. The forecast period for the Vietnam private security market report is 2020 to 2027

A. The Vietnam Private Security market is segmented on the basis of service type and end-user.

A. The key players profiled in the report includes A/S, Securitas, Vietnam Manpower, PMVSecurity, T-Force Security, Secom, Vietnam Day and Night Security Services Co., Ltd., The Brink’s Co., Global Guardian, and Night & Day Security Services Co. Ltd.

A. The Vietnam private security market is expected to grow at a CAGR of 7.9% from 2020 to 2027

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