2024 Vision and the Evolution of the UK's Security Industry Giants
Posted by Sahun Reeds in Winton on the Green on , and updated on .
As we look ahead to 2024, the UK security sector's landscape is increasingly shaped by its leading companies' dynamic performance and strategic growth. The turnover data from 2021 to 2023 provides insightful trends and forecasts for what to expect in the coming year.
Source - [Statitsa]
The Vanguard of Security Systems in 2024
Mitie (TSM), leading the chart with a consistently growing turnover, reaching £935.40M in 2023, exemplifies the robustness and scalability of top security companies. Their trajectory signals a strong foundation for further expansion in 2024, reinforcing their position as a top player in the industry.
G4S/Allied Universal's significant jump in turnover from £375.57M in 2021 to £633.21M in 2023 showcases the impact of strategic mergers and acquisitions. This solidifies its status as one of the biggest security companies and highlights the growing importance of cybersecurity capabilities within traditional security firms.
OCS Group UK and Bidvest Noonan have shown remarkable adaptability and growth, with OCS's turnover surging to £320.00M in 2023. Their performances underscore the diversification of services and the increasing reliance on technology-driven solutions.
Cyber Security at the Forefront
The rise of cyber security companies in 2024 is inevitable as digital threats become more sophisticated. Companies like Securitas Security Services, which have demonstrated steady growth, are expected to invest further in cyber security services, aligning with the global push towards securing digital assets and infrastructure.
Security Company Grading and Recognition
The security company grading in 2024 will likely emphasise physical security expertise, cyber security, and technological innovation. This holistic approach to security grading will help businesses and consumers identify the best security partners for their needs.
| Company Name | 2021 Turnover (in M GBP) | 2022 Turnover (in M GBP) | 2023 Turnover (in M GBP) |
| Mitie (TSM) | 924.8 | 931.9 | 935.4 |
| G4S/Allied Universal | 375.57 | 638.52 | 633.21 |
| OCS Group UK | 190 | 213 | 320 |
| Bidvest Noonan | 300 | 300 | 302 |
| Securitas Security Services | 250 | 244.08 | 293 |
| Kingdom Security | 86.55 | 130 | 140 |
| CIS Security | 75 | 79 | 124 |
| ICTS (UK) LIMITED | 85 | 107 | 121 |
| Wilson James | 120.18 | 121 | 116.7 |
| Corps Security | 90.5 | 104.21 | 115 |
| ISS Facility Services | 95 | 95 | 98 |
| Carlisle Security Services | 72 | 86 | 96.35 |
| Amberstone | 77.3 | 87.82 | 86.71 |
| SSGC | 102.27 | 82 | 80.18 |
| SecuriGroup | - | 66 | 78 |
| Loomis UK | 115.61 | 74.85 | 72.01 |
| Amulet | - | - | 67.5 |
| Ward Security | - | - | 66 |
| Profile Security Services | 59.5 | - | 65 |
| Man Commercial Protection | 58 | 61.4 | 64 |
Source - [Statitsa]
The Outlook for 2024
As we anticipate the challenges and opportunities that 2024 will bring, it's clear that the top security companies will offer a comprehensive suite of services, including cutting-edge cybersecurity solutions. The focus will increasingly be on companies seamlessly integrating traditional security measures with digital protections, offering clients a robust defence mechanism against all threats.
The UK security industry is set for another year of growth, innovation, and strategic partnerships. With a keen eye on the latest technological advancements and a solid commitment to excellence, the best cyber security companies of 2024 will safeguard our communities, assets, and digital landscapes.
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