Industry Analysis & Industry Trends
Operators in the Security Services industry provides security measures for businesses and public areas that have chosen to outsource security systems rather than take on the logistical burden of protecting their facilities themselves. Therefore, 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. In the five years to 2021, the Security Services industry is expected to face serious competition from security alarm service systems, which install remote-monitoring security systems, as well as provide off-site response services... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration in the Security Services industry is low. However, IBISWorld estimates that the four largest players in this industry account for slightly more than 25.0% of market share in 2016. Nevertheless, the majority of companies in this industry are small, with 51.0% of enterprises having fewer than five employees. Conversely, major companies with more than 500 employees are expected to account for only 2.0% of total enterprises in 2016.
During the five years to 2021, the overall level of industry concentration is expected to slightly increase, as the industry's largest companies are expected to continue to engage in mergers and acquisitions... purchase to read more