The Market Reports

Synopsis

The global market for Private Military Services was estimated to be worth US$ 230310 million in 2024 and is forecast to a readjusted size of US$ 325390 million by 2031 with a CAGR of 5.2% during the forecast period 2025-2031.

Private Military Services, referred to as PMS, are commercial firms offering a range of military-related services. These services can include combat operations, military training and advice, logistical support, personal security, and more. Essentially, private military services are for-profit organizations that provide armed forces and military expertise to clients, often at a lower cost compared to traditional government military services.

The Private Military Services (PMS) industry has undergone significant growth in recent decades, driven by the trend of increased outsourcing of military activities.

This expansion has been fueled by various factors, including the large supply of discharged military personnel after the end of the Cold War, the widespread demand for these personnel from both weak states facing internal conflicts and non-state actors operating in conflict zones, as well as the increased privatization and outsourcing by governments in advanced market economies.

The Private Military Services (PMS) market is indeed characterized by a high degree of fragmentation. In 2024, the top 10 manufacturers in this industry only occupied a combined market share of 10%, indicating a highly competitive landscape with numerous players vying for market share.

Currently, the PMS market is characterized by a diverse range of services, including technical services such as information technology and equipment maintenance, operational support like facilities management and logistics, and actual armed security in conflict zones. These services are provided by a variety of private companies that offer military expertise and armed forces to clients across the globe. The demand for these services is not solely driven by outsourcing, but also by internal conflict situations where state capacity is weak or absent.

The market size of the PMS industry is substantial and continues to grow. With the increasing complexity of conflicts and the evolving needs of clients, private military companies are finding new opportunities to expand their services. The Private Military Services industry is a rapidly growing and dynamic sector that is likely to continue to expand in the coming years. With the increasing complexity of conflicts, the evolving needs of clients, and the rapid development of new technologies, private military companies are poised to play an increasingly important role in shaping the future of international security and stability.

This report aims to provide a comprehensive presentation of the global market for Private Military Services, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Private Military Services by region & country, by Type, and by Application.

The Private Military Services market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Private Military Services.

Market Segmentation

By Company

• Academi (Constellis)
• Aegis Defence Services
• G4S
• Northrop Grumman
• Triple Canopy
• Control Risks
• GardaWorld
• Blue Hackle
• Erinys International
• MPRI
• DynCorp International
• Paladin Group
• Unity Resources Group
• ICTS International
• AKE Group
• Prosegur
• Andrews International
• International Intelligence Limited
• Blue Mountain
• Chilport
• GK Sierra
• L3 Technologies
• Jorge Scientific Corporation
• MVM, Inc.
• DynCorp
• KBR，Inc.
• Northbridge Services Group

Segment by Type

• Guard Services
• Armored Transport
• Others

Segment by Application

• Government
• Commercial and Industrial
• Others

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.