Prepared for Valentina F. | Delivered October 15, 2020
Personal/Executive Security Market Analysis
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To perform an analysis of the executive protection and security market. Information to be provided will include top trends, profitability, key players, prevalent delivery models, and COVID impact on the market.
Trends that were expected in the executive protection industry in 2020 include an increasing
focus on personal
which is expected to bring in the first executive protection technology officers, more executive protection clients and providers
starting to measure quality
, and executive protection providers playing a bigger role than
ever in corporate travel
In the U.S., demand for private contracted security services was projected to expand by
per year through 2019 to a value of
Gains in this market will result from the "real and
perceived risk of crime
and by accelerating economic activity, particularly as new businesses form and create new users of security services."
The Security Magazine notes that the corporate executive protection sector was dominated by
traditional military, government,
and law enforcement practices, but has now transformed into a professional service that is delivered by
who have an understanding of how modern corporations work.
However, it is worth noting that the industry still uses the
same operating procedures
that were in use 20 years ago where
hard and tactical skills
continue to form the foundation of most executive protection training curricula.
Little attention is given to soft skills such as
and familiarity with the inner workings of modern corporations. These skills are important because they can either
make or break
an EP program in the corporate world.
The proposed organization of corporate executive protection for the new operating system includes an
executive protection manager
, executive protection agents, protective intelligence analysts,
, security operation center seats, and tech support.