Saudi Arabia Manned Security Services Market Size

Saudi Arabia Manned Security Services Market Future Prospects

The Saudi Arabian manned security services market will generate an estimated USD 579.1 million revenue in 2024, and it is projected to witness a CAGR of 13.4% during 2024–2030, reaching USD 1,234.6 million by 2030. The rising risk of terrorism, growing criminal activities, and geopolitical tension have increased the demand for manned security services in diverse areas, such as residential complexes, transportation centers, commercial establishments, industrial facilities, and government premises. Moreover, strong security is needed during major events, such as sports events, exhibitions, and international conferences.

The growing adoption of video analytics, biometric detection, access control systems, and surveillance systems arms security personnel with threat assessment and real-time analysis. The Saudi Vision 2030 is playing an essential role in the market growth since it has the target to decrease the country’s dependence on oil. For this, many commercial, residential, and industrial projects have been initiated, which will boost the need for security guards in the near future.