Top Companies in Private Military Security Services Market | Major Players of Industry In-depth Comprehensive Report by VMR
Private Military Security Services businesses are for-profit corporations that offer military and/or security services.
MARKET OVERVIEW
The Global Private Military Security Services Market is valued at USD 241.7 Billion in the year 2021 and is projected to reach a value of USD 366.8 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% over the forecast period. Private Military Security companies provide security services. The services which are offered by these Private Military Security companies are similar to other governmental security and, like police forces and armed forces, most often on a small scale. This is provided services like bodyguards for key staff in hostile territories, protection of objects, buildings & other places, maintenance & operation of weapons systems, prisoner detention, and many things. They are also hired by many private companies. These companies mostly hire a person who already has an army or military background because they are already trained and experienced.
At present, most commercial companies and modern militaries hire Private Military Security Services that drive the growth of the market. In recent years, this sector has been gaining a lot of attention and many investors invest their money in this market. And due to increased demand, this market will grow at a substantial rate during the forecast period.
Some of the key players operating in the Private Military Security Services Market are listed below:
Company Name |
Revenue in USD |
|
<$5 Million |
|
$17 Billion |
|
$18 Billion |
|
$11 Billion |
|
$35 Billion |
|
$4 Billion |
|
<$5 Million |
|
<$5 Million |
|
$23 Million |
|
13 Billion |
DynCorp was an American private military contractor. Starting as an aviation company, the company also provided flight operations support, training and mentoring, international development, intelligence training and support, contingency operations, security, and operations and maintenance of land vehicles. DynCorp received more than 96% of its more than $3 billion in annual revenue from the U.S. federal government. The corporate headquarters were in an unincorporated part of Fairfax County near Falls Church, Virginia, while the company's contracts were managed from its office at Alliance Airport in Fort Worth, Texas. DynCorp provided services for the U.S. military.
L3 was headquartered in Murray Hill, Manhattan, New York City. L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems and products, avionics, ocean products, and training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Défense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers.
Allied Universal is an American provider of security systems and services, janitorial services, and staffing. The company was formed in 2016 by the merger of Universal Services of America, a Santa Ana, California-based security and janitorial services company, and AlliedBarton Security Services, based in Conshohocken, Pennsylvania. At the time of the merger, the combined company was reportedly one of the largest provider of security guards in the United States, with 140,000 trained officers between the two companies.
Securitas AB is a security service, monitoring, consulting, and investigation group, based in Stockholm, Sweden. Securitas is one of the world's top security services firms, providing on-site guards to banks, airports, retailers, large and small businesses, and residential customers in more than 45 countries through approximately 1,360 branch offices.
Northrop Grumman Corporation is an American multinational aerospace and defense technology company. With 90,000 employees and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. The firm ranks No. 96 on the 2020 Fortune 500 list of America's largest corporations.
The Brink's Company is an American private security and protection company headquartered outside Richmond, Virginia. Its core business is Brink's Inc.; its sister brand Brink's Home Security company operates separately and is headquartered in Dallas, Texas. In 2013, its international network served customers in more than 100 countries and employed approximately 134,000 people. Operations include approximately 1,100 facilities, and 13,300 vehicles. The company emerged from the Pittston Company and changed its name to the Brink's Company in 2003.
Northbridge Services Group Ltd is a private military company (PMC) which is registered in the Dominican Republic. It also has offices in the United Kingdom and Ukraine. The firm also has an address in Lexington Kentucky, United States. Its president and CEO is US Army (retired) Lieutenant-Colonel Robert W. Kovacic.
Aegis Defence Services is a British private military and private security company with overseas offices in Afghanistan, the United Arab Emirates, Iraq, Saudi Arabia, Libya, Somalia, and Mozambique. It is part of the Aegis Group of companies, which includes Aegis LLC, which is based in the United States.
Jorge Scientific Corporation is an American private military company with its headquarters located in Arlington, Virginia, providing counterinsurgency and intelligence, secure logistics and technology, cyber and advanced network infrastructure, and analysis and program management services to U.S. defense, intelligence, and federal civilian government customers.
SECOM Co Ltd is a provider of security services and surveillance systems. The company operates seven business segments: security services, fire protection services, medical services, insurance services, geographic information services, information- and communication-related services, and real estate and other services.
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