Industry Analysis & Industry Trends
During the five years to 2015, industry revenue modestly increased as guard, investigative and other industry services became increasingly popular among corporate and government services. as US corporate profit levels increased after the recession, businesses had more funds available to spend on security services. In addition, an increase in the number of new businesses during the past five years has led to an expansion in the potential pool of clientele for industry services. Furthermore, increased residential, commercial and public construction activity in the five years to 2015 has heightened the need for security services. However, In the five years to 2020, the Security Services industry is expected to face serious competition from security alarm service systems... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Security Services industry is in the mature phase of its life cycle. IBISWorld estimates that the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 2.7% in the 10 years to 2020. Comparably, GDP is expected to grow an annualized 2.5% during this period. IVA growth rates in-line or below overall economic growth are indicative of a mature industry.
In addition, a recessionary decline in demand for security services and increasing competition form external industries that provide similar services, constrained Security Services industry profit margins during the past five years... purchase to read more