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

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.

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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.