Growing Safety Needs and Vision 2030 Projects Propel Saudi Arabia Manned Security Services Market at 13.4% CAGR

The Saudi Arabian manned security services market is experiencing robust expansion, driven by rising safety concerns and large-scale development initiatives across the Kingdom. The market is estimated to generate USD 579.1 million in revenue in 2024 and is projected to grow at a strong CAGR of 13.4% between 2024 and 2030, reaching USD 1,234.6 million by 2030. Increasing risks related to terrorism, criminal activities, and geopolitical tensions have significantly elevated the need for professional manned security across residential complexes, transportation hubs, commercial spaces, industrial facilities, and government premises.

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Major public events, including sports tournaments, exhibitions, and international conferences, further amplify the demand for trained security personnel. At the same time, the integration of advanced technologies such as video analytics, biometric detection, access control, and surveillance systems is enhancing the effectiveness of security operations by enabling real-time monitoring and threat assessment.

Additionally, Saudi Vision 2030 plays a pivotal role in market growth by accelerating commercial, residential, and industrial construction projects aimed at economic diversification beyond oil. These developments require extensive security coverage during both construction and operational phases, strengthening the long-term outlook for manned security services across the country.

Key Insights

• The market is benefiting from the increasing utilization of advanced technologies, including video analytics, biometric identification, access control systems, and surveillance solutions, which enhance situational awareness and operational efficiency for security personnel.
• Artificial intelligence and machine learning are being incorporated into security systems, prompting agencies to invest in training programs so guards can effectively manage technology-enabled security environments.
• Rising concerns over terrorism, criminal incidents, and geopolitical tensions are driving both public and private organizations to prioritize asset, infrastructure, and personnel protection.
• Residential buildings and gated communities are increasingly relying on manned security services to ensure safe living environments and controlled access.
• Commercial establishments represent the largest and fastest-growing end-user segment, accounting for 45% market share in 2024 and registering a CAGR of 13.7% during 2024–2030.
• Commercial facilities such as banks, office complexes, hotels, retail outlets, and shopping malls require visible security presence due to high footfall and the concentration of valuable assets.
• Shopping malls demand strong security coverage to manage crowds, safeguard multiple retail units, and prevent theft or unauthorized access.
• Hotels depend on trained guards to protect guests, secure sensitive areas, and maintain overall safety standards.
• Banks and financial institutions exhibit the strongest demand for manned security due to their high exposure to robbery and financial crimes.
• Industrial facilities, including production plants, oil refineries, and power stations, rely on manned security to prevent operational disruptions, theft, and sabotage.
• A key challenge for the market is the shortage of skilled security personnel capable of handling advanced security technologies.
• Security agencies are required to invest heavily in training and skill-development initiatives to meet evolving service expectations.
• Al-Riyadh is the largest and fastest-growing province, holding a 40% market share in 2024, supported by rapid urbanization and Vision 2030 infrastructure projects.
• Construction and post-occupancy security needs across residential, commercial, and industrial projects are fueling demand in Al-Riyadh.
• Other analyzed provinces include Makkah, Al-Madinah, Eastern Region, Aseer, Tabouk, Jazan, and several northern and southern regions.
• The market is consolidated, with a limited number of players adopting strategies such as mergers, acquisitions, partnerships, and collaborations to expand workforce capacity and enhance competitiveness.
• Key companies operating in the market include Alfareeq Security Services, G4S Limited, Securitas AB, Jond Security Services, ASPG Group, and AMNCO.
• Recent developments, such as Securitas AB’s long-term data center security agreement and acquisitions aimed at technology integration, highlight the industry’s shift toward advanced, tech-enabled security services.