Growth of the manned security market for 2016
Ambreen Ahmad reports on how cost cutting and the recession has affected the value of this important sector
The market for manned security is growing, despite the fact that low-cost delivery demands continue to push down prices, making competitive contract bids even more difficult for smaller firms in the manned security industry. Indeed, according to Mintel's latest research, the UK’s manned security market grew by an estimated four percent in 2015, reaching a value of more than £3.7 billion. Market growth has been predominately driven by the custodial services sector, where the outsourcing of probation services . . .