Manned Guarding Services Procurement Intelligence Report, 2024 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)Report

Manned Guarding Services Procurement Intelligence Report, 2024 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: Feb, 2024
  • Base Year for Estimate: 2023
  • Report ID: GVR-P-10577
  • Format: Electronic (PDF)
  • Historical Data: 2021 - 2022
  • Number of Pages: 60

The pricing and cost analysis helps in deriving and forecasting the actual cost of products or services over the forecast period. It considers all the cost components and provides a competitive edge during supplier negotiations. Moreover, the outcome helps procurement leaders understand detailed and fact-based cost drivers for the category.

In this Manned Guarding Services procurement intelligence report, we have estimated the key cost components which include Labor, licensing & registration, equipment & weapons, rent & utilities, uniform, and others. Other costs can be further bifurcated into training certification, administrative fee, weapon license renewal, office supplies, insurance, and performance bonus.

Key factors that influence the charges for the services offered in the category include armed / unarmed personnel, number of security personnels required, location, time of the day, experience, and level of training. The prominent pricing model followed in the industry is per-hour / hourly pricing wherein the price charged is based on the number of hours a service is required to be delivered.

Depending on the requirement, employing a security guard might cost anywhere between USD 21.5 per hour to USD 99.5 per hour on average. For instance, the prices will be lower if a guard is required keep an eye out for potential shoplifters at a retail location. On the other hand, if an executive is in need of full-time, personal protection, the price each day may reach over USD 1,490.

Every organization and its procurement team look forward to negotiating the best deal while procuring a set of products or subscribing to services. Rate benchmarking involves price/cost comparison of more than one set of products/services to analyze the most efficient combination that can potentially help the procurement team in getting the optimum rate.

The following are the typical hourly rates for a security guard employed by a security company in the U.S.:

a)       Unarmed personnel (standard): USD 19.5 per hour to USD 29.5 per hour.

b)      Armed personnel (standard): USD 24.5 per hour to USD 34.5 per hour.

c)       Unarmed personnel (experience): USD 29.5 per hour to USD 34.5 per hour.

d)      Armed personnel (experience): USD 34.5 per hour to USD 44.5 per hour.

e)      Armed personnel (highly experienced, typically former police / military staffs): USD 59.5 per hour to USD 99.5 per hour.

The average rate of employing a security guard in the U.K. costs anywhere from £9.5 per hour to £19.5 per hour, depending on the security guard's experience and the location where the services is required to be deployed.

To gain a comprehensive understanding of other aspects of rate benchmarking, please subscribe to our services and get access to the complete report.

Labor cost is one of the key components of the total incurred costs while offering a product or service. Therefore, an organization must decide on whether the focus category should be retained in-house or outsourced if the organization is providing its products or services at competitive prices. If the organization decides in favor of outsourcing, it must understand the difference in the salary structures of suppliers before selecting a supplier and formulating a negotiation strategy.

According to our research, Security Guard (Armed) working with G4S Limited and Securitas AB receives 10% - 15% higher base salary compared to the salary received by Security Guard (Armed) working with Corps Security (UK) Ltd. and Gurkha Security Services Ltd. However, the year-on-year increment rate in all these companies majorly depends on the Key Result Areas (KRAs).

Organizations may find it cumbersome to continuously track all the latest developments in their supplier landscape. Outsourcing the activities related to gathering intelligence allows organizations to focus on their core offerings. At this juncture, our newsletter service can help organizations stay updated with the latest developments and innovations and subsequently assist in preventing disruptions in the supply chain. We have identified the following developments within the Manned Guarding Services category over the last two years:

In December 2023, Allied Universal Security Services LLC announced the acquisition of Star Protection Services Ltd and Nordic Security Services. These acquisitions has helped Allied in enhancing its services by getting those of complementary businesses in robust areas that offered distinctive services. in addition, it also helped the company in enhancing its service reach at a global scale.

In December 2023, Mitie Group plc announced the acquisition of Linx International Group. With the addition of Linx, Mitie is able to better serve its customers' growing demand for a more sophisticated approach to security by leveraging its technology and workforce in security risk analysis and intelligence. In addition, the acquisition will enable Mitie to take advantage of Linx's demonstrated capacity to shift with the market and get ready for legislative changes.

In July 2023, Securitas AB announced the divestiture of Securitas Argentina. The company left Argentina due to the poor macroeconomic outlook and difficult business climate, which restricted growth opportunities to carry out their long-term plan and offer the company’s clients with high-quality services at a profit.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation
gvr icn


gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...

Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

gvr icn


We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.