Private Military Security Services Market Set to Grow to $420Bn by 2029

Tuesday 12 February 2019, Amsterdam

The key player has launched a new report, now available on ASDReports, Private Military Security Services Market Report 2019-2029.

The Private Military Security Services Market Report 2019-2029 evaluates current amount of expenditure for different types of services provided by both private military and security companies. The demand for private military security services by modern militaries and commercial companies is increasing at a substantial rate. In addition, the major private military security services contracts will have a major effect on the size of the Australian, Chinese, and Indian markets. India and China will consistently expand the size of their private security forces across the next decade.

The report analyst commented "National governments and commercial companies’ ever-greater demands for private military security services for providing protection against criminal and terrorist activities and alter the private military security services market in the next decade. Growing demand for private military security from emerging markets, increased interest of both public and private actors for contracting out their security related services worldwide, armed conflicts changed nature, increased armed forces expeditionary operations, technological advancements and layoffs of experienced military personnel are some of the key factors which will positively impact the market. The global private military security services market will grow at a substantial rate during the forecast period."

Leading companies featured in the report include Academi (A Constellis Company), Booz Allen Hamilton, CACI International, DynCorp International LLC., Erinys International, Garda World Security Corporation, G4S plc., International Intelligence Limited, KBR Inc., Prosegur, The Brink’s Company, Securitas AB, and Unity Resources Group.