2020
9
UK Manned Security Market Report 2020
2020-12-17T03:01:29+00:00
OX990078
1495
128867
[{"name":"Services","url":"https:\/\/store.mintel.com\/industries\/business-industrial\/services"}]
Report
en_GB
"Manned security services’ essential role in protecting businesses from crime has helped reduce the impact of COVID-19 on market value. However, the pandemic’s effect on businesses nonetheless poses a significant…

UK Manned Security Market Report 2020

£ 1,495 (Excl.Tax)

Report Summary

Everything you need to make the right decisions

Providing the most comprehensive and up-to-date information and analysis of the Manned Security UK market including the behaviours, preferences and habits of the consumer.

Mintel has the answers you’re looking for

What are the key challenges facing the industry? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?

Covered in this report

With 41% of respondents to Mintel’s COVID-19 Tracker stating that they were avoiding the use of cash where possible as of mid November 2020, we expect an acceleration in the declining usage of cash for as long as COVID-19 remains a public concern. COVID-19 has caused immense disruption to the economy. For the manned security market this impact has been indirect and felt through its effects on other businesses, such as in the retail and leisure sectors that manned security operators serve.

Expert analysis from a specialist in the field

Written by Francesco Salau, a leading analyst in the B2B sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.

Manned security services’ essential role in protecting businesses from crime has helped reduce the impact of COVID-19 on market value. However, the pandemic’s effect on businesses nonetheless poses a significant barrier to growth, particularly in the cash-in-transit segment. A budding digital revolution in the sector will help address this, opening up access to remote security solutions that reduce the need for personnel. We anticipate this to shape the industry’s future in a direction that is less labour-reliant, improving operational efficiency and broadening the value propositions of the sector in the coming years.
Francesco Salau
B2B Analyst

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • COVID-19: Market context
    • Covered in this Report
  2. Executive Summary

    • Impact of COVID-19 on manned security
      • Figure 1: Short-, medium- and long-term impact of COVID-19 on the manned security market, 27 November 2020
    • The market
    • Market size and forecast
      • Figure 2: Manned security market size and forecast, 2015-25, (£ million)
    • Market segmentation
      • Figure 3: UK manned security market segmentation, 2016-20, (£ million)
    • Companies and brands
  3. Issues and Insights

    • Growing digitisation of cash-in-transit to be amplified by COVID-19
    • Security system integration will improve the sector’s perceived value while reducing operating costs
  4. The Market – Key Takeaways

    • COVID-19 disruptions drag the manned security market’s value below 2016 levels
    • Cash-in-transit segment hit hardest as store closures compound past trends
    • Relaxation of COVID-19 restrictions and renewed investment in custodial services to support future manned security activity
    • Consumer reluctance and store closures accelerate the declining relevance of cash
    • Digital integration will be instrumental to the manned security market’s future appeal
  5. Market Size

    • Indirect effects of lockdown and reduced economic activity drives market size reversal
      • Figure 4: Short-, medium- and long-term impact of COVID-19 on the manned security market, 27 November 2020
      • Figure 5: UK manned security market size, 2016-20, (£ million) [26 November 2020]
  6. Market Segmentation

    • Custodial services overtake cash-in-transit as consumers eschew cash in 2020
      • Figure 6: UK manned security market segmentation, 2016-20, (£ million)
    • Manned guarding
    • Cash-in-transit
  7. Market Forecast

    • Return of economic activity and COVID-19 management to support future growth
      • Figure 7: UK manned security market forecast, 2020-25, (£ million)
      • Figure 8: UK manned security market forecast by segment, 2020-25, (£ million)
  8. Market Trends

    • Card is king as cash payments continue to trend downwards
    • COVID-19 and cash usage
      • Figure 9: Volume of cash withdrawn and average withdrawal value, Q1 2017-Q2 2020, (left axis: £ million, right axis: £)
    • Growth of contactless payment
    • The data revolution is shaping the future of manned security
    • Impact of digital transformation security is acknowledged but cost and maturity are still key hurdles for operators to tackle
    • Developments in security technology
  9. Market Drivers

    • Supressed high-street activity induced by COVID-19 shrinks growth opportunities
      • Figure 10: Average actual weekly hours of work for full-time workers (seasonally adjusted), 2018-20, (hours worked)
    • Impact of COVID-19 on retail and leisure industries will pass-through to the manned security market
      • Figure 11: Business trading status by industry, 1 October – 19 November 2020, (% of businesses)
      • Figure 12: Implemented changes to operating hours due to local or national lockdowns by industry, 1 October – 19 November 2020, (% of businesses that have not permanently ceased trading)
    • COVID-19 and ATM closures are accelerating a technology-led restructuring of the cash-in-transit market
      • Figure 13: Monthly number of transactions at LINK ATMs, 2017-20, (number of transactions
      • Figure 14: Number of LINK ATMs, 2010-H1 2020, (number of LINK ATMs)
    • Flurry of investment driven by overcrowding will sustain custodial service market growth
      • Figure 15: UK prison population projections, 2019-23, (total prison population)
    • Improving prison service quality and addressing COVID-19 will introduce costs for operators
      • Figure 16: Annual number of assaults in prison in England and Wales, 2010-20, (assaults per 1,000 prisoners)
  10. Companies and Brands – Key Takeaways

    • Divergence in growth between activities highlights digitisation as the driver of future growth
    • COVID-19 pressure on cash-in-transit leads to redundancies
  11. Industry Structure

    • Changes in industry structure
      • Figure 17: Analysis of changes in ‘private security’ activities, 2016-20, (number of outlets and businesses)
      • Figure 18: Analysis of changes in ‘security system service’ activities, 2016-20, (number of outlets and businesses)
    • Structure by employment
      • Figure 19: Analysis of the employment structure of ‘private security’ activities, 2019-20, (number of outlets)
      • Figure 20: Analysis of the employment structure of ‘security system service’ activities, 2019-20
    • Structure by turnover
      • Figure 21: Analysis of the financial structure of ‘private security’ activities, 2019-20, (number of businesses)
      • Figure 22: Analysis of the financial structure of ‘security system service’ activities, 2019-20, (number of businesses)
  12. Company Profiles

    • GEOAmey PECS
    • Recent company activity
    • Financial information
      • Figure 23: Financial analysis of GEOAmey PECS, 2014-18
    • G4S Cash Solutions (UK)
    • Recent company activity
    • Financial information
      • Figure 24: Financial analysis of G4S Cash Solutions (UK), 2015-19
    • Loomis UK
    • Recent company activity
    • Financial information
      • Figure 25: Financial analysis of Loomis UK, 2014-18
    • Mitie
    • Recent company activity
    • Financial information
      • Figure 26: Financial analysis of Mitie Group (Security division)*, 2016-20
    • Securitas Security Services UK
    • Recent company activity
    • Financial information
      • Figure 27: Financial analysis of Securitas Security Services UK, 2015-19
  13. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
  14. Further Sources and Contacts

    • Trade associations
    • Association of Security Consultants
    • British Security Industry Association
    • Skills for Security
    • International Professional Security Association
    • Security Industry Authority
    • Trade magazines
    • FM World
    • Intersec
    • Professional Security
    • Trade events
    • IFSEC International
    • Intersec Expo
    • International Security Expo 2021
    • International Security Week
    • Security and Policing 2021

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

Below is a sample report, understand what you are buying.

Click to show report
2024 Sample Consumer Cover

Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

Trusted by companies. Big and small.

Want to speak to us directly?

Contact us with your enquiry and our expert global team can help.

Get in touch