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The Malaysia security services market is expected to reach a value of USD 38.6 million by 2022, growing at a CAGR of 15.24% from 2022 to 2028. This growth is being driven by a number of factors, including the increasing threat of terrorism and cybercrime, the growing adoption of smart technologies, and the rising demand for security services from businesses and government organizations.
The Malaysian government is a major purchaser of security services, spending an estimated USD 10 million per year on these services. The government procures a wide range of security services, including manned guarding, access control, video surveillance, and alarm monitoring.
The main security services products and services procured by the Malaysian government include:
Manned guarding
Access control
Video surveillance
Alarm monitoring
Cybersecurity services
Physical security assessments
Security training
The top authorities for Malaysia security services procurement include:
The Ministry of Home Affairs
The Royal Malaysian Police
The Malaysian Armed Forces
The Ministry of Finance
The Ministry of Communications and Multimedia
The top winners of Malaysia security services procurement include:
B42 Technologies
Bravos Security Services
Securicor Malaysia
G4S Malaysia
Certis Cisco Systems
These companies have a proven track record of providing high-quality security services to the Malaysian government.
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