Economic Optimisation in Facility Protection

Abstract

The study aims to examine how the cost frame allocated by companies for facility protection in recent years relates to the prices of security and property protection services. It also intends to provide solutions and recommendations on what security managers can do in a difficult economic situation to ensure the optimal security of their facility despite the continuously rising security service fees. The study first reviews the global and Hungarian situation of the private security market, presenting the main trends and service ratios. It then analyzes the development of companies' security budgets in recent years, with a particular focus on the changes in the prices of manned guarding and security systems. The analysis shows that although the majority of companies have increased their security budgets in recent years, the rise in service prices continues to pose a challenge for security managers to maintain adequate protection within the available resources. Therefore, the study formulates recommendations on how security managers can optimize the available resources to guarantee the protection of the facility.