Private Military Market Segmentation:
By Activity (Protective, Consulting, Support Services), By Support Services (Weapon Maintenance, Technical Support, Explosive Ordnance Disposal, Intelligence Collection & Analysis, Other), By Operation, (Armed, Un-Armed), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), and Competitor Analysis
Market Analysis
The private military market provides services in line with government security, providing police & military personnel, and training & support services on a smaller scale. Companies engaged in this industry also provide protective services & personnel to cater to security requirements for company premises, hostile territories, and importance individuals.
The increasing burden on a country’s defense sector is expected to augment the growth of this market. Privatization of government functions is anticipated to increase the involvement of private military services in international affairs across the world. These services are hired by a large number of multinational corporations, national governments, and research organizations.
Private military companies (PMC) provide general guarding, airport security, cash-in-transit, and remote monitoring & surveillance. PMC also provide armored cars, dogs, horses, and weapons.
Activity Insights
Protective, consulting, and support activities are some of the solutions undertaken by private military companies (PMC). Protective services include safeguarding premises, high net worth individuals, diplomats, and asset protection among others. The efficiency and momentary supply of personnel and services is projected to positively influence market growth in the future.
With the help of well integrated tradecraft, data, tools, software & technologies, and intelligence professionals PMC provides consulting that help monitor and mitigate threats faced by individuals, companies, and governments. Consulting activities help in efficient mission planning and empowers decision makers through analytics.
The report will further divide support activities into weapon maintenance, technical support, explosive ordnance disposal, intelligence collection & analysis, and others. Technical & communication support plays an important role in the private military sector. Intelligence gathering helps anticipate activities and assists various organizations in global security.
Operation Insights
PMC are engaged in armed and unarmed operations. Armed operations include bodyguard, military soldiers, and other specialized security operations required by government and private institutions.
Unarmed operations consist of computerized solutions, information analysis, technical & communication support, remote monitoring and planning among others. These solutions are of prime importance in order to ensure smooth functioning of missions and other activities.
Regional Insights
According to a study conducted by the European Parliament's Subcommittee on Security and Defence in 2011, Europe has increased its reliance on private security by employing guards to defend the EUPOL headquarters in Afghanistan, EULEX mission in Kosovo, and the EULEX mission in Kosovo.
The U.S. is also expected to spend large sums on private military for local, federal, and state operations. The establishment of a large number of international headquarters and research & development centers in the U.S. is also expected to contribute to the increased demand for protection services within the country.
Increasing demand is also expected to arise from the Asian countries such as China and Japan. China has the presence of power station in Iraq, copper mines in Afghanistan, telecommunications network in Syria, and oil pumping operations in South Sudan. Violence in Iraq and South Sudan has increased the demand for PMC services in China. The need to evade maritime piracy threat through South Asia is also expected to foster demand for PMC operations.
Competitor Analysis
Some of the leading companies operating in this industry include G4S, Securitas AB, ADT Corporation, AlliedBarton, DynCorp, GardaWorld, Control Risks, Booz Allen Hamilton, CACI International, The Brink’s Company, Pinkerton Government Services, and Senaca Group among others.
In August 2017, G4S announced that it will supply technology and software to El Salvador’s offender monitoring programme. Offenders under home detention would be monitored through radio frequency technology.
Companies are also undertaking acquisitions as a strategic initiative to geographically expand in the industry. In July 2017, Securitas AB entered into an agreement to acquire PSGA, an Australian security services company. This will help the company market its solutions to high demand areas such as Melbourne, Brisbane, and Sydney.
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